TORONTO, July 19, 2019 /CNW/ - Pure Global Cannabis Inc.
(TSX.V: PURE; OTC: PRCNF; FRA: 1QS) ("Pure Global"), an
integrated growth-oriented sciences and consumer products cannabis
company, operating through its wholly-owned subsidiary PureSinse
Inc. ("PureSinse" or "Company"), is pleased to
announce the recent signing of a supply agreement with Namaste
Technologies Inc. ("Namaste") (TSXV: N) (FRANKFURT: M5BQ)
(OTCMKTS: NXTTF). The agreement will allow for the listing and
distribution of PureSinse products on Namaste's online marketplace:
CannMart.
This agreement will greatly increase PureSinse's distribution
capabilities. By listing on CannMart's direct-to-consumer platform,
PureSinse will be able to easily distribute their medical cannabis
products across Canada. PureSinse
will continue to strengthen their distribution strategy based on
providing access to high quality medical cannabis. The agreement
aligns perfectly with this strategy as it ensures that those who
require medical cannabis will have access regardless of their
proximity to cannabis retailers, issues with mobility, or other
challenges.
The distribution agreement ensures that PureSinse will retain
their brand loyalty. As PureSinse continues to build their strategy
on research, education, and raising awareness, maintaining their
own branding on CannMart's platform will ensure they are highly
visible as a trusted leader in medical cannabis products.
Pure Global CEO & President, Malay Panchal said, "We are
incredibly excited about this recent agreement with Namaste, as
their CannMart platform truly shares our goals and values. As a
medical cannabis distributor, we are always working to make it
easier for patients to access high-quality Health Canada approved
product. We look forward to providing even more customers across
Canada with PureSinse's
high-quality products now also available through CannMart's online
platform."
CannMart's direct-to-consumer platform uses a fee-based model
based on consignment. This innovative model allows CannMart to
manage working capital while LPs are able to maintain their unique
branding and customer loyalty. CannMart has supply agreements with
15 LP's, over 39 Strains, and 170 SKU's. Outside of Canada, the company has existing supply
relationships in Columbia and Australia, with imports pending government
approval. CannMart has experienced exponential growth since it
started sales on October 17, 2018,
and this new agreement will allow PureSinse to distribute to
CannMart's ever growing base.
About Pure Global Cannabis
Pure Global Cannabis Inc. is an innovation-based cannabis
company led by experienced pharma, biotechnology, horticultural,
and consumer packaged goods (CPG) experts. The Company's wholly
owned subsidiary, PureSinse Inc.,is a licensed producer under the
Cannabis Act. The Company's Brampton campus houses facilities for
vertically farmed cultivation, R&D, extraction, manufacturing,
and distribution. Pure Global will produce branded and
white-labeled cannabis products for the medical, pharmaceutical,
wellness, health & beauty, natural health, food & beverage,
craft, and recreational legal markets with uniquely formulated and
purified concentrates and dried flower. The Company is using the
Canadian market as a springboard to develop and manufacture
GMP-compliant premium quality cannabis products for international
sale and distribution with a goal to become one of the most trusted
premium international cannabis brands.
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
FORWARD-LOOKING STATEMENTS
This news release contains certain forward-looking statements,
including, but not limited to, statements about Pure Global's
future plans and intentions. Wherever possible, words such as
"may", "will", "should", "could", "expect", "plan", "intend",
"anticipate", "believe", "estimate", "predict" or "potential" or
the negative or other variations of these words, or similar words
or phrases, have been used to identify these forward-looking
statements. These statements reflect management's current beliefs
and are based on information currently available to management as
at the date hereof.
Forward-looking statements involve significant risks,
uncertainties and assumptions. Many factors could cause actual
results, performance or achievements to differ materially from the
results discussed or implied in the forward-looking statements.
These factors should be considered carefully, and readers should
not place undue reliance on the forward-looking statements.
Although the forward-looking statements contained in this news
release are based upon what management believes to be reasonable
assumptions, Pure Global cannot assure readers that actual results
will be consistent with these forward-looking statements. These
forward-looking statements are made as of the date of this news
release, and Pure Global assumes no obligation to update or revise
them to reflect new events or circumstances, except as required by
law.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSXV)
accepts responsibility for the adequacy or accuracy of this
release.
To register to Pure Global's mailing list, please visit
www.pureglobal.com. Follow @pureglobalcanna on Twitter
and Facebook and @pureglobalcannabis on Instagram.
SOURCE Pure Global Cannabis Inc.