viewNamaste Technologies Inc

Namaste Technologies and cannabis stocks join a long list of companies targeted by short-seller Andrew Left

We list more than 40 companies that have been on the receiving end of Left’s criticism

Andrew Left
Left has launched a series of attacks against cannabis companies recently

In recent months, short-seller Andrew Left, founder of Citron Research, has waged a particularly acrimonious series of attacks against cannabis companies through a series of blistering research reports and Twitter barrages against Cronos Group (NASDAQ:CRON), Tilray Inc (NASDAQ: TLRY) and CV Sciences (OTCMKTS: CVSI) to name a few.

But none has been as noisy as his most recent target, Namaste Technologies (OTCMKTS:NXTTF), which operates the medical cannabis market CannMart as well as an online platform that markets cannabis-related products like vaporizers and smoking accessories.

In recent weeks, through Citron, he's called Namaste shares a "joke" and the company a "fraud," even going so far on Thursday to call its CEO Sean Dollinger a “walking securities violation.”

“If Namaste was a US traded company it would be halted and Dollinger would probably face criminal charges,” wrote Left’s team in a note to investors.

The company has responded to defend itself, but the shares have dipped as a result of Left's public criticisms, falling 6.5% to $1.62 Friday.

For Left, the dramatic run-up in the shares of marijuana companies ahead of the legalization of cannabis in Canada on October 17 is even more ridiculous, he says, than “bitcoin mania.”

But Left's ire isn't limited to the cannabis sector. Here's a list of more than 40 companies that have been on the receiving end of Left’s criticism:

  • Xaibe Inc. (OTCBB: XAIB)
  • Humatech Inc OTC Pink: HUMT)
  • Tel-One Inc. (OTCBB:TLON)
  • eUniverse Inc (NASDAQ:EUNI)
  • Concentrax Inc (OTC Pink: CRXN)
  • Stratabase (OTCBB:SBSF)
  • GeneMax (OTCBB:GMXX)
  • RTIN Holdings Inc (OTCBB:RTNH)
  • Spear & Jackson Inc (OTCBB:SJCK)
  • Interpharm Holdings Inc (NYSE MKT:IPA)
  • American Water Star Inc (OTCBB:AMWS)
  • Verdisys/Blast Energy Services Inc (OTCBB:VDSYS, OTCBB:BESV)
  • Immtech Pharmaceuticals (NYSE MKT:IMM)
  • Amerityre Corp (NASDAQ:AMTY)
  • World Information Technology (OTCBB:WRLT)
  • Concord America Inc (OTC Pink:CNDD)
  • Law Enforcement Associates (OTCBB:LENF)
  • Telkonet inc (NYSE MKT:TKO)
  • Absolute Health and Fitness Inc (OTC Pink: AHFI)
  • iMergent Inc (NYSE MKT: IIG, NYSE MKT: EXE)
  • Bio-Heal Laboratories (OTC Pink:BHLL)
  • Raser Technologies Inc (OTCBB:RSTG, NYSE:RZ)
  • Homeland Safety International (OTC Pink: SNFX, OTC Pink:HSFI)
  • Global Development and Environmental Resources (NASDAQ:GDVE)
  • GTX Global (OTC Pink:GTXC)
  • Escala Group (NASDAQ:ESCL)
  • Foldera Inc (OTCBB:FDRA)
  • Vertrue Inc (NASDAQ:VRTU)
  • GHL Technologies (OTC Pink:GHLT)
  • Conversion Solutions Holdings Inc (OTCBB:CHSD, OTCBB:FHAL)
  • Syntax-Brillian Corp (NASDAQ:BRLC)
  • Medis Technologies Ltd (OTC Pink:MDTL)
  • Xinhua Finance Media (NASDAQ: XFML)
  • Hoku Scientific (NASDAQ:HOKU)
  • Home Solutions of America Inc (NASDAQ:HSOA)
  • Terra Nostra Resources Corp (OTCBB:TNRO)
  • Bidz.Com Inc (NASDAQ:BIDZ)
  • Basin Water Inc (NASDAQ:BWTR)
  • Arthrocare Corp (NASDAQ:ARTC)
  • Ener1.Inc (NASDAQ:HEV)
  • Amedisys Inc (NASDAQ:AMED)

Contact Ellen Kelleher at [email protected]

Quick facts: Namaste Technologies Inc

Price: 0.355 CAD

Market: TSX-V
Market Cap: $115 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Namaste Technologies Inc named herein, including the promotion by the Company of Namaste Technologies Inc in any Content on the Site, the...



Namaste's hard work in 2019 paying off with higher revenue numbers in 2020

Namaste (CVE: N- OTCMKTS: NXTTF) CEO Meni Morim joined Steve Darling from Proactive Vancouver to discuss their recent financial numbers that saw the company post their highest quarterly revenue figure for two years. Morim discusses what moves the company has made to facilitate this and also...

4 weeks, 1 day ago

2 min read