Namaste Technologies Announces Expansion of Product Range to Canadian Medical Customers at CannMart.com with the Addition of ...
February 11 2021 - 7:30AM
Namaste Technologies Inc. (“
Namaste” or the
“
Company”)
(TSXV: N) (FRANKFURT: M5BQ)
(OTCMKTS: NXTTF) a marketplace platform for cannabis and
wellness products, is pleased to announce the expansion of its
product range to Canadian medical customers at CannMart.com with
the addition of leading licensed producers: Auxly Cannabis Group
Inc. (“
Auxly”) and The Green Organic Dutchman
Holdings Ltd. (“
TGOD”). As well as expanding the
product offering at CannMart.com with products from market leading
licensed producers, the Company is also pleased to welcome
carefully selected craft cannabis producers that bring new and
exciting products, most recently Wabi Sabi Brands LTD.
(“
Wabi Sabi”). Those registered at CannMart.com
can expect new products from Auxly, TGOD and Wabi Sabi to become
available in March 2021.
“We are seeing more and more licensed producers
and accessories suppliers contacting us to have their products
featured on CannMart.com as they realize that this will give them a
first mover advantage on the platform for which they can build
their audience at an accelerated rate,” said Meni Morim, CEO of
Namaste. “This growing validation of our platform is certainly
rewarding for our organization. As we witness shifting sands in the
cannabis industry dynamics, licensed producers are searching for
opportunities to streamline their distribution channels. We believe
companies cannot be everything for everyone, which is why we are
here to empower our partners to accelerate the growth of this
industry as a whole.”
“We are pleased to welcome many new companies
including, Auxly, TGOD and Wabi Sabi to CannMart.com. We continue
to leverage our Marketplace Platform, VendorLink, as many new
companies are increasingly seeing the added value Namaste’s
innovative technology can bring to their organizations,” said Chad
Agate, CTO and VP, Marketplace of Namaste Technologies. “We look
forward to working closely with our new partners to expand their
reach to Canadian cannabis consumers.”
About Namaste Technologies
Inc.
Headquartered in Toronto, Canada, Namaste
Technologies is a marketplace platform for cannabis and wellness
products. At CannMart.com, the Company provides Canadian medical
customers with a diverse selection of hand-picked products from a
multitude of federally licensed cultivators and will provide US
customers with access to smoking accessories and hemp-derived CBD.
The Company also distributes licensed and in-house branded cannabis
and cannabis derived products 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
For more information please contact:Namaste
Technologies Inc.Meni Morim, CEOEdward Miller, VP Investor
RelationsPh: 647-362-0390Email: ir@namastetechnologies.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 the expected timeframe for the
availability of new products on CannMart.com, 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 technological abilities to make available for
sale new products on its CannMart marketplace in a timely manner as
well as the ability of its new partners to fulfil orders for those
same products, 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 bring
on new products for sale on its CannMart marketplace from March
2021, 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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