- CEO Meni Morim to present at
NobleCon17 investor conference
TORONTO, Jan. 12, 2021 /CNW/ - Namaste
Technologies Inc. ("Namaste" or the "Company") (TSXV: N)
(FRANKFURT: M5BQ) (OTCMKTS: NXTTF), a leading platform for
cannabis products, accessories, and education, is pleased to
announce, subject to Exchange approval, entry into the USA via CannMart.com. The Company looks
forward to leveraging its VendorLink technology in collaboration
with DankStop. The Company also announced that Mr. Meni Morim, CEO will be presenting at the
NobleCon17 investor conference on Wednesday,
January 20th at 3:45 p.m.
EST, discussing this new opportunity and the Company's
expansion.
As the regulatory landscape continues to improve in the
USA and globally, Namaste has
begun the exploration of entering the USA via CannMart.com leveraging its
proprietary VendorLink platform. The Company, through an
appropriate affiliate, intends to use this expansion as a beachhead
into the USA increasing its total
addressable market by commencing with the sale of accessories as
permissible under applicable state laws, and is exploring expansion
to other verticals as regulation evolves and other adjacent
complementary markets. The Company is targeting a go-live date for
U.S. customers at CannMart.com by the end of this fiscal
quarter.
"We applaud the U.S. government's recent decision to support the
removal of cannabis and cannabis resin for medical purposes from
Schedule IV of the UN Single Convention on Narcotic Drugs of 1961,
and we are very pleased to collaborate with the exceptional
DankStop team which has become one of the world's largest and
fastest growing online smoking supply retailers," said Meni Morim, CEO of Namaste. "We have worked
tirelessly these past couple of years to build the technological
infrastructure at CannMart.com, and we are excited to explore the
many opportunities available to Namaste to expand globally. With
the changing regulatory landscape improving in the USA and our entry through the sale of
accessories fulfilled by DankStop, we continue the execution of our
strategy to position Namaste as a leading global cannabis company
and look forward to building on this positive momentum."
"DankStop has been focused on continuing its execution of growth
through its leading and innovative website, offering the largest
product selection for the online smoking supply industry," said
Feliks Khaykin, CEO of
DankStop. "We are pleased to be working with the Namaste team
as we mutually share the entrepreneurial passion both companies
have towards growth through innovation."
Namaste to Present at NobleCon17 Investor Conference:
Namaste today announced that Mr. Meni
Morim, CEO will present at NobleCon17 – Noble Capital
Markets Seventeenth Annual Conference on Wednesday, January 20th at
3:45 p.m. Eastern Standard
Time. The conference this year is virtual, with no
cost, obligation or restrictions to attend:
www.noblecon17.com.
A high-definition, video webcast of the presentation will be
available the following day on the Company's website, and as part
of a complete catalog of presentation to be rebroadcast on
Channelchek www.channelchek.com next month.
About DankStop
DankStop is the one of the world's largest and fastest growing
online smoking supply retailers. Nothing like your ordinary
headshop, DankStop is the quickest, cheapest, and easiest way to
get the best smoking supplies delivered discreetly to your door.
With an industry leading and innovative website, dedicated support
team, and the biggest product selection available online, DankStop
has single-handedly raised the bar for the online smoking supply
industry since 2014. From humble beginnings, our co-founders
started DankStop in "moms basement". Our founding vision was to
remove the "sketchy" stigma from the headshop industry by providing
high quality, low priced products in a simple and transparent
manner. Leveraging our in house technology, we now offer a variety
of B2B services for the Cannabis industry in addition to our retail
websites ranging from drop shipping to third party logistics.
Information on the Company and its many products can be accessed
through: www.dankstop.com
About Namaste Technologies Inc.
Headquartered in Toronto,
Canada, Namaste Technologies is a leading online platform
for cannabis products, accessories, and responsible education. The
Company's 'everything cannabis store', CannMart.com, provides
medical customers with a diverse selection of hand-picked products
from a multitude of federally-licensed cultivators, all on one
convenient site. The Company also distributes licensed and in-house
branded cannabis and cannabis derived products to recreational
consumers in Canada through a
number of provincial government control boards and retailing bodies
and facilitates licensed cannabis retailer sales online in
Saskatchewan. Namaste's global
technology and continuous innovation address local needs in a
burgeoning cannabis industry requiring smart solutions.
Information on the Company and its many products can be accessed
through the links below:
NamasteTechnologies.com
NamasteMD.com
Cannmart.com
FORWARD-LOOKING INFORMATION – This news release contains
"forward-looking information" within the meaning of applicable
securities laws. All statements contained herein that are not
historical in nature contain forward-looking information.
Forward-looking information can be identified by words or phrases
such as "may", "expect", "likely", "should", "would", "plan",
"anticipate", "intend", "potential", "proposed", "estimate",
"believe" or the negative of these terms, or other similar words,
expressions and grammatical variations thereof, or statements that
certain events or conditions "may" or "will" happen. The
forward-looking information contained herein, including, without
limitation, statements related to Namaste's proposed entry into
the United States via CannMart.com
and its anticipated "go-live" date for U.S. customers to make
purchases through CannMart.com, as well as statements relating to
its proposed expansion efforts, is made as of the date of this
press release and is based on assumptions management believed to be
reasonable at the time, including, without limitation, Namaste's
and DankStop' s standings in the online marketplace for cannabis
products, anticipated continued improvements to the
regulatory landscape for the sale of cannabis, associated products
and accessories that will benefit Namaste's business in
the United States and globally;
Namaste's expectations that Exchange approval will be given in a
timely manner; Namaste's beliefs regarding the expected demand for
cannabis products and accessories and the expected growth of that
market globally, results of operations, operational matters,
historical trends, current conditions and expected future
developments, as well as other considerations that are believed to
be appropriate in the circumstances. While we consider these
assumptions to be reasonable based on information currently
available to management, there is no assurance that such
expectations will prove to be correct. By its nature,
forward-looking information is subject to inherent risks and
uncertainties that may be general or specific and which give rise
to the possibility that expectations, forecasts, predictions,
projections or conclusions will not prove to be accurate, that
assumptions may not be correct and that objectives, strategic goals
and priorities will not be achieved. A variety of factors,
including known and unknown risks, many of which are beyond our
control, could cause actual results to differ materially from the
forward-looking information in this press release. Such factors
include, without limitation: the inability of the Company to obtain
Exchange approval in a timely manner in order to enter the US
market , if at all; the failure to achieve the intended sales
results and benefits from the Company's expansion efforts,
regulatory risk both in the United
States and globally, including in particular regulations not
evolving in a manner to that would benefit Namaste's business,
risks relating to the Company's ability to execute its business
strategy and plans and the benefits realizable therefrom and risks
specifically related to the Company's operations. Additional risk
factors can also be found in the Company's current MD&A and
annual information form, both of which have been filed under the
Company's SEDAR profile at www.sedar.com. Readers are cautioned not
to put undue reliance on forward-looking information. The Company
undertakes no obligation to update or revise any forward-looking
information, whether as a result of new information, future events
or otherwise, except as required by applicable law. Forward-looking
statements contained in this news release are expressly qualified
by this cautionary statement.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release or has in any way approved or disapproved
of the contents of this press release.
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SOURCE Namaste Technologies Inc.