~CannMart leverages distribution expertise to
expand B2B and access adult-use markets~
TORONTO, Nov. 27, 2019 /CNW/ - Namaste
Technologies Inc. ("Namaste" or the "Company") (TSXV: N)
(FRANKFURT: M5BQ) (OTCMKTS: NXTTF), a leading online platform
for cannabis products, accessories, and responsible education,
today announced that its wholly owned subsidiary, CannMart Inc.
("CannMart"), has entered into a licensing and manufacturing
agreement with TREC Brands Inc. ("TREC"), a global cannabis brand
house. CannMart and TREC have joined forces in an effort to bring
high quality products to TREC's brand conscious customer base under
the WINK cannabis brand and drive revenue for both companies.
"We have developed expertise in the distribution of a highly
regulated product which we will combine with TREC's unique brand in
order to ensure high quality products are distributed into
protected brick and mortar marketplaces like Saskatchewan and Ontario," said Meni
Morim, CEO of Namaste Technologies Inc. "TREC is known for
its superior brands and the great work it does supporting
initiatives in Canada and around
the world. We look forward to embracing our common goal of creating
a culture of consciousness around the cannabis sector and driving
sales into the adult-use marketplace."
"Namaste and TREC are coming together to offer the many segments
of the Canadian cannabis marketplace a uniquely personal cannabis
experience and drive revenue," said Trang
Trinh, Founding Director and CEO, TREC Brands Inc. "We look
forward to the Namaste team introducing WINK Cannabis dried flower
products into Saskatchewan with
additional products and markets in the future."
TREC is an acronym for Trust, Respect, Equality and Compassion:
the values that we believe are at the core of all business
decisions made for the socially-conscious cannabis company. TREC
provides extensive marketing expertise for consumer-facing cannabis
products, in a market that is continually evolving under new
regulations. TREC is driven by a commitment to work with those who
share their mission to "Do Good" and empower consumers, extending
this vision to their investors, employees and partners, premium
licensed producers and distribution channels. With an initial
shareholder base of Canadian hospitality, nightlife and
entertainment innovators and cannabis industry experts, TREC has
demonstrated its unique access to today's luxury cannabis consumer.
WINK products are available through Leaflink.com serving licensed
retailers in Saskatchewan.
CannMart is a Canadian online cannabis marketplace which carries
one of the largest selections of legal cannabis products from
established cannabis producers in Canada and around the world. It is focused on
providing medical cannabis patients and adult-use enthusiasts with
access to the highest quality cannabis products available. Namaste
is always seeking to expand and improve the CannMart online
marketplace through new products, retailers and online
experiences.
About TREC Brands Inc.
TREC Brands is a global premium
cannabis brand house with expertise in promotions, marketing and
licensing. Based in Toronto,
Canada, the socially conscious brand management organization
operates on a foundation of trust, respect, equality and
compassion, affectionately known as TREC. Currently overseeing
WINK, Blissed and Thumbs Up cannabis brands, product offerings
include dried flower, pre-rolls, cannabis oil and vape pens,
with a significant investment into future innovations. For more
information please visit www.trecbrands.com.
About Namaste Technologies Inc.
With headquarters in
Toronto, ON, and offices in both
B.C. and around the globe, Namaste Technologies is a leading online
platform for cannabis products, accessories, and responsible
education. The company's 'everything cannabis store', CannMart.com,
provides customers with a diverse selection of hand-picked products
from a multitude of federally-licensed cultivators, all on one
convenient site. Namaste's global technology and continuous
innovation address local needs in a burgeoning cannabis industry
requiring smart solutions. For further information about Namaste,
please visit NamasteTechnologies.com.
Information on the Company and its many products can be accessed
through the links below:
NamasteTechnologies.com
NamasteMD.com
Cannmart.com
NamasteVapes.ca
Everyonedoesit.ca
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 is made as of the date
of this press release and is based on assumptions management
believed to be reasonable at the time such statements were made,
including management's perceptions of Namaste's standing in the
online marketplace for cannabis products, management's perceptions
of TREC's customer base and standing in the cannabis industry, the
ability of Namaste and TREC to distribute products in protected
brick and mortar markets such as Saskatchewan and Ontario, the ability of Namaste and TREC to
bring high quality products to TREC's customer base while driving
sales and revenue growth for both companies, the ability of TREC to
introduce WINK cannabis products into Saskatchewan and other markets, future growth,
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 their
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: risks relating to the Company's
ability to execute its business strategy and the benefits
realizable therefrom, risks specifically related to the Company's
international operations, and risks relating to the market price of
Namaste common shares. 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.