TORONTO, Sept. 12, 2019 /CNW/ - Namaste Technologies Inc.
("Namaste" or the "Company") (TSXV: N) (FRANKFURT:
M5BQ) (OTCMKTS: NXTTF) today announced that it has signed a
distribution and marketing agreement with Cultivated Beauty, a
subsidiary of leading skin care retailer Swisspharme Inc and
Elizabeth Grant International, to offer a line of its specially
formulated hemp-based skin care products through CannMart's online
marketplace. These products are now available on the CannMart
website.
"We're launching into the skin care market with one of
Canada's top selling topical
brands," said Meni Morim CEO of Namaste Technologies. "Cultivated
Beauty's advanced luxury skin care products, infused with hemp, are
a great match with CannMart's diverse customer base and leading
online marketplace. CannMart will be able to leverage its AI-driven
technology platform to build its customer-centric experience and
help consumers get the right products and the best all-around
purchasing experience possible."
"We pride ourselves on new and innovative concepts with
brand partners who share our vision of delivering quality products
to our customers. We see working with CannMart as an integral
component to our sales and marketing strategy to expand Cultivated
Beauty's brand and related sales," said Margot Witz, Vice President of Swisspharme Inc.
"We appreciate CannMart's dedication to educating its customers
about its products, a trait we incorporate into our own commercial
efforts."
About Namaste Technologies Inc.
Namaste
Technologies powers the ultimate online customer experience for
medicinal cannabis and related products. Beginning with
NamasteMD.com, the Company's integrated telemedicine application,
Namaste connects medical clients with health care practitioners to
more readily issue and renew cannabis prescriptions online.
Featuring the first Canadian Medical Sales-Only Licence, the
Company's own Cannmart.com is your 'everything cannabis store'
offering clients a large variety of strains to fill their
prescription needs. Namaste's unique artificial intelligence (AI)
engine incorporated in its platforms and related Uppy App,
completes our ecosystem by identifying the right product and
pairing to address specific medical cannabis requirements. Namaste
also provides vaporizers and accessories across several platforms
operating in several countries. Namaste's global technology
addresses local needs in a burgeoning cannabis industry requiring
smart solutions. For further information about Namaste, please log
onto www.Namastetechnologies.com
About Swisspharme Inc.
Swisspharme Inc. is a contract
developer and manufacturer of skin care, body care, cosmetics and
health products. We create customized solutions and services
for prestigious brands and industry leaders who distribute through
major retail, direct and online channels. Our team helps to create;
design and implement customized manufacturing solutions that offers
our clients with a turnkey package
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 in this press release,
includes, but is not limited to, statements related to the match
between Cultivated Beauty's products and CannMart's customer base;
the ability of CannMart to leverage its AI-driven technology and
build on customer experience; and the ability of CannMart to become
an integral component of Cultivated Beauty's sales and marketing
strategy and assist in expanding sales. 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 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
the 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.