NAMASTE RECEIVES CONDITIONAL APPROVAL TO LIST ON TSX VENTURE EXCHANGE
April 19 2018 - 11:29AM
InvestorsHub NewsWire
Vancouver, British Columbia, Canada -- April
19,2018 -- InvestorsHub NewsWire -- Namaste Technologies Inc.
(“Namaste” or the “Company”)
(CSE: N) (FRA: M5BQ) (OTCMKTS: NXTTF) is pleased to
announce that it has received conditional approval to list the
common shares and warrants of the Company on the TSX Venture
Exchange (“TSXV”) as a Tier 1 issuer. The listing
is subject to the Company fulfilling certain requirements of the
TSXV in accordance with the terms of its conditional approval
letter dated April 18th, 2018. The Company anticipates
that the common shares will continue to trade under the trading
symbol “N” and its warrants will continue to trade under the symbol
“N.WT.”
The Company will proceed expeditiously to satisfy these
conditions and management is confident that all conditions for
listing will be met. Upon obtaining final approval, the Company
will issue a further press release to inform shareholders when it
anticipates that its common shares and warrants will commence
trading on the TSXV.
Management Commentary
Sean Dollinger, President and CEO of Namaste
comments: “We are very pleased to have received conditional
approval from the TSXV. We’re also proud to have been accepted as a
Tier 1 issuer. We believe that this listing will provide the
company and its shareholders with many advantages, including
greater visibility and enhanced market access for Canadian and
international investors. We’re extremely proud to join the ranks of
many innovative cannabis companies in our industry and gain new
exposure through a larger exchange. We will remain committed to
expanding our business strategy through innovation to help solidify
our position in the cannabis sector.
I’d like to take this opportunity to thank the Canadian
Securities Exchange (“CSE”) for their tremendous
support. We greatly appreciate the CSE for providing us with a
platform for Namaste to grow and we’re excited to be moving forward
towards the anticipated TSXV listing.”
About Namaste Technologies Inc.
Namaste is the largest online retailer for medical cannabis
delivery systems globally. Namaste distributes vaporizers and
smoking accessories through 24 e-commerce sites in 20 countries and
with distribution hubs located around the world. Namaste has
majority market share in Europe and Australia, with operations in
the UK, Canada and Germany and has opened new supply channels into
emerging markets including Brazil, Mexico and Chile. Namaste,
through its acquisition of Cannmart Inc., a Canadian based
late-stage applicant for a medical cannabis sales licence (under
the ACMPR Program) is pursuing a new revenue vertical in online
retail of medical cannabis in the Canadian market. Namaste intends
to leverage its existing database of Canadian medical cannabis
consumers, along with its expertise in e-commerce to create an
online marketplace for medical cannabis patients, offering a larger
variety of product and a better user experience.
On behalf of the Board of Directors
“Sean Dollinger”
Chief Executive Officer
Direct: +1 (786) 389 9771
Email: info@namastetechnologies.com
Further information on Namaste and its products can be accessed
through the links below:
namastetechnologies.com
namastevapes.ca
everyonedoesit.ca
namastevaporizers.co.uk
everyonedoesit.co.uk
australianvaporizers.com.au
Forward Looking Information
This press release contains forward-looking information
based on current expectations. These statements should not be read
as guarantees of future performance or results. Such statements
involve known and unknown risks, uncertainties and other factors
that may cause actual results, performance or achievements to be
materially different from those implied by such statements.
Although such statements are based on management’s reasonable
assumptions, Namaste assumes no responsibility to update or revise
forward-looking information to reflect new events or circumstances
unless required by law. Although the Company believes that the
expectations and assumptions on which the forward-looking
statements are based are reasonable, undue reliance should not be
placed on the forward-looking statements because the Company can
give no assurance that they will prove to be correct. Since
forward-looking statements address future events and conditions, by
their very nature they involve inherent risks and uncertainties.
These statements speak only as of the date of this press release.
Actual results could differ materially from those currently
anticipated due to a number of factors and risks including various
risk factors discussed in the Company’s disclosure documents, which
can be found under the Company’s profile on www.sedar.com. This
press release contains “forward-looking statements” within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E the Securities Exchange Act of 1934, as amended and
such forward looking statements are made pursuant to the safe
harbour provisions of the Private Securities Litigation Reform Act
of 1995. The Canadian Securities Exchange has neither reviewed nor
approved the contents of this press release.