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This is your boy Rich here on behalf of RichTVLive and I have some breaking news hot off the presses 59 minutes ago Namaste announces Q4 2018 quarterly financials Let's go Namaste is pleased to announce the filing of its unaudited quarterly financial statements management's discussion and analysis and certification of the quarterly filings for the fourth quarter of the fiscal 2018 The statements for the period can be accessed on the company Cedar profile on Cedar.com Namaste's net revenue for the three months ended August 31st 2018 was 3.9 million which is comparable to 3.9 million within the same same period in 2017 however on a year-over-year basis Namaste's net revenue for the 12 months ended August 31st 2018 was 18.6 million an increase of 7.6 million or 69% compared to the 12 months ended August 31st 2017 Wow The increase in net revenue during the 12 months ended August 31st 2018 was primarily due to organic growth within the key markets such as the United Kingdom Canada Brazil Germany and full 12 months of revenue from Australian vaporizers, which was acquired in March of 2017 here are the key financial highlights Q4 2018 revenue was consistent to Q4 2017 and 2018 despite divestiture of the US revenue without the impact of inventory provisions taken in Q4 2017 gross profit for Q4 2018 was an improvement of 631,000 comparing Q4 2018 against Q4 2017 this resulted from better cost controls during the quarter Australia Q4 2018 revenue increased by approximately 3% compared to Q4 2017 without the impact of foreign exchange revenue from Brazil increased by 151% Wow compared to Q4 2018 against Q4 2017 revenue from Canada increased by 196% compared to Q4 2018 against Q4 2017 the majority of the revenue was generated by several key markets for the three and twelve months ended August 31st 2018 the top five revenue earning countries generating 85 percent and 84 percent of revenue respectively for the 12 months ended August 31st 2017 the top five revenue earning countries generate 86 percent and 84 percent of revenue respectively for the 12 months ended August 31st 2018 Namaste showed an impressive growth of 364 percent in the Canadian market 261 percent in Germany 188% in Brazil and 98% in Australia 45% in the United Kingdom these changes are consistent with the masses long-term business strategy to expand in European and emerging markets with an increased focus in the Canadian Market look at this 1.1 million in Australia 1 million in the United Kingdom 562,000 Canada and you can see all the markets here listed This is unbelievable with the launch of Canmark the company anticipates increasing revenue through cannabis sales and in developing further Supply agreements with domestic license producers to expand its product offering the company will look to implement similar platforms in other markets Where the company maintains a strong presence on September 13th 2018 the company signed a binding Termsheet to acquire UK based licensing pharmaceutical Distribution company AF trading limited access fulfillment operates a 30,000 square foot distribution facility in the UK and holds a wholesale distribution authorization human license issued by the medicines and health care products regulatory agency MHRA which allows access fulfillment to distribute pharmaceutical products throughout the UK the company is working to close on The acquisition and is focused on launching medical cannabis sales through its platform in the UK Which represents a much larger customer base than that of its Canadian operations? What does Sean Dahlinger have to say about this news? Presidency of namaste comments We are pleased to have filed Q4 2018 financials with the completion of our bot deal financing 51 million and our current cash position the company is well positioned for future growth We are now focused on increasing revenue through Canmark and in launching medical cannabis sales in to the UK market How do you love them apples? Well, guess what Sean your boy rich is also taking his CBD company to the UK So we got to do some business. This is huge news breaking news. What do you think about this news comment down below? Smash that like button hit the subscribe button hit the bell for notifications So every time we have any news that's breaking 24 hours a day seven days a week. You can get it first Of course, you get all the winners from your boy first We bring all the winners first if you're not winning you're definitely not watching now Remember rich TV live is strictly for education entertainment purposes do your due diligence do your research before you invest in anything that we talk about here on rich TV live Thank you guys for watching. I love you guys. We just broke 17,000 subscribers. Let's hit 18,000 I love you guys. I love and I love namaste. Did I tell you guys that I love namaste? I Love all you haters How about you chew on this big money? 18.6 million for namaste a company up 700% in the last year and still there's people trying to come after this company. What are you coming after? You come in after a winner instead of shorting the stock and hating on them and litigating How about you buy the stock? Get some popcorn and enjoy the show. Thank you for watching. I'm a piece