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Namaste $N.ca Announces Record BREAKING Sales in August of C$1.43M #Vaping

Posted by AGORACOM-JC at 9:00 AM on Thursday, September 7th, 2017

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  • August 2017 sales as reported by the Company were CAD$1,426,755
  • Represents the Company’s all-time record in monthly sales.

VANCOUVER, British Columbia, Sept. 07, 2017 — Namaste Technologies Inc. (“Namaste” or the “Company”) (CSE:N)(FRANKFURT:M5BQ)(OTCMKTS:NXTTF) is pleased to announce August 2017 unaudited sales as reported by the Company (including shipping revenues and after discounts and refunds) were CAD$1,426,755 which represents the Company’s all-time record in monthly sales.

The total unaudited sales in August 2017 can be compared to CAD$1,196,971 in July 2017, a 19% increase. The increase in revenues was driven due to a 516% increase in sales through channels (eBay, Amazon) and a 43% increase in wholesale revenues. Namaste Vapes revenues increased by 15%.

The table below displays a revenue breakdown for Namaste’s sales channels:

Revenues – June 2017 (C$)
Namaste 539,546
EDIT 173,645
Australian Vaporizers 416,469
Green Vapes 11,454
Distribution Goods 132,685
Dropshipping 16,981
Channels 135,975
Total revenues     1,426,755 

 

The following table details selected data for traffic, conversion rates, order quantities, basket prices and related revenues:

Selected operating data e-Commerce June 2017 in C$    
  traffic conversion orders  basket price   gross revenues 
Namaste 136,046 2.14 % 2,911 $ 181 $ 526,484
Australian Vaporizers 45,476 4.49 % 2,041 $ 210 $ 428,898
EDIT 258,646 0.99 % 2,561 $ 69 $ 175,401
GreenVapes 3,587 1.37 % 49 $ 227 $ 11,124
Total   443,755  1.70 %   7,562  $    151  $    1,141,908

Namaste has seen growth in revenue during what are typically the slowest months of the year for e-commerce businesses. Implementation of various machine learning algorithms on only 4 of its 30 sites has resulted in significant improvement in conversion rates and page values. The machine learning algorithms are used on product landing (category) pages and adjust the content of the page, based on the user’s on-site browsing history, product categories and price points. The landing pages which have the algorithms installed will display differently for every user that visits the site. Namaste has seen an immediate and direct impact on conversion rates resulting from the implementation of these algorithms on select landing pages. Namaste plans to implement the same technology across its entire platform of sites starting September 15, 2017 and with a brand new design.

Management Commentary

Sean Dollinger, President and CEO of Namaste comments: “We are very pleased to again see record breaking sales in one of the slowest months of the year for e-commerce companies. We are looking forward to full implementation of the machine learning algorithms across our entire platform. We are also very pleased to see strong growth in our marketplace channels (eBay and Amazon) and are looking forward to seeing strong growth going in to the fall and holiday season.”

About Namaste Technologies Inc. 

Namaste Technologies Inc. is an emerging leader in vaporizer and accessories space. Namaste has 26 ecommerce retail stores in 20 countries, offers the largest range of brand name vaporizers products on the market and is actively manufacturing and launching multiple unique proprietary products for retail and wholesale distribution. The Company is currently focused on expanding its product offering, acquisitions and strategic partnerships, and entering new markets globally.

On behalf of the Board of Directors

“Sean Dollinger”
Chief Executive Officer
Direct: +1 (786) 389 9771
Email: info@namastevapes.com

Further information on the Company and its products can be accessed through the links below:

www.namastetechnologies.com

www.namastevaporizers.com

www.namastevaporizers.co.uk

www.vaporseller.com

www.everyonedoesit.com

www.everyonedoesit.co.uk

FORWARD LOOKING INFORMATION This press release contains forward-looking information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions, Namaste assumes no responsibility to update or revise forward looking information to reflect new events or circumstances unless required by law. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s disclosure documents which can be found under the Company’s profile on www.sedar.com. This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The CSE has neither reviewed nor approved the contents of this press release.

Namaste Technologies $N.ca Provides Update on CannMart Inc. – Facility is under review #MMJ #Marijuana #Hemp

Posted by AGORACOM-JC at 10:40 AM on Tuesday, September 5th, 2017

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  • Received confirmation from Health Canada that the facility acquired in the acquisition of Cannmart Inc. is under the review stage of its application
  • Under the Access to Cannabis for Medical Purposes Regulations to become a “sales only” licensed producer of medical cannabis

VANCOUVER, British Columbia, Sept. 05, 2017 — Namaste Technologies Inc. (“Namaste” or the “Company”) (CSE:N) (FRANKFURT:M5BQ) (OTCMKTS:NXTTF) is pleased to announce that it has received confirmation from Health Canada that the facility (the “Facility”) acquired in the acquisition of Cannmart Inc. (“CannMart”) is under the review stage of its application (the “Application”) under the Access to Cannabis for Medical Purposes Regulations (the “ACMPR”) to become a “sales only” licensed producer of medical cannabis. Namaste has also engaged David Hyde & Associates to provide security consulting for the Facility and Eurofins Experchem Laboratories Inc. (“Eurofins Experchem”) to consult for CannMart on regulatory compliance.

On August 22, 2017, CannMart received confirmation from Health Canada that it has reached the review stage of the Application, during which Health Canada will be completing a thorough review of the Application. Concurrently, CannMart’s submitted personnel security clearances are being processed. The Security Clearance Application Forms that were submitted as part of the Application will be reviewed for completeness before a request is submitted to the RCMP to conduct a check of the relevant files of law enforcement agencies, including intelligence gathered for law enforcement purposes.

Over the past 4 years, David Hyde & Associates has provided security consulting services to over 165 ACMPR license applicants across Canada, worked with 27 licensed producer sites and attended 22 pre-license inspections with Health Canada. Its 11-member team has extensive experience in security consultation within the regulated medical cannabis sector in Canada and beyond and recently became the first Associate Member of the Cannabis Canada Association.

Eurofins Experchem has been engaged by Namaste to provide regulatory consulting services for CannMart through its final stages of approval from Health Canada. Eurofins Experchem provides a wide range of regulatory and testing services for the Canadian medical cannabis industry, ensuring that facilities comply with the Marihuana for Medical Purposes Regulations.

Management Commentary

Sean Dollinger, President and CEO of Namaste comments: “We are very excited to make this announcement on the progress of activities with our CannMart facility. We are also very much looking forward to working with the teams from both David Hyde & Associates and Eurofins Experchem Laboratories Inc. to consult for CannMart during this stage and once operations at the Facility begin.”

About Namaste Technologies Inc.

Namaste Technologies Inc. is an emerging leader in vaporizer and accessories space. Namaste has 26 ecommerce retail stores in 20 countries, offers the largest range of brand name vaporizers products on the market and is actively manufacturing and launching multiple unique proprietary products for retail and wholesale distribution. The Company is currently focused on expanding its product offering, acquisitions and strategic partnerships, and entering new markets globally.

On behalf of the Board of Directors

“Sean Dollinger”
Chief Executive Officer
Direct: +1 (786) 389 9771
Email: info@namastevapes.com

Further information on the Company and its products can be accessed through the links below:

www.namastetechnologies.com

www.namastevaporizers.com

www.namastevaporizers.co.uk

www.vaporseller.com

www.everyonedoesit.com

www.everyonedoesit.co.uk

FORWARD LOOKING INFORMATION This press release contains forward-looking information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions, Namaste assumes no responsibility to update or revise forward looking information to reflect new events or circumstances unless required by law. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s disclosure documents which can be found under the Company’s profile on www.sedar.com. This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The CSE has neither reviewed nor approved the contents of this press release.

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Invested in #MMJ stocks such as #Cannabis Sativa $CBDS? Check out the world’s largest B2C #Vaporizer company Namaste $N.ca

Posted by AGORACOM-JC at 2:43 PM on Friday, September 1st, 2017

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  • World’s Largest E-Commerce B2C Vaporizer Company
  • Record Monthly Sales of CAD$1.349M For June 2017
  • Revenue for AUG 31 2018 expected $24.9 million
  • Owns 26 e-commerce stores in 20 countries
  • Distribution centers in North America, South America, Europe and Asia Pacific
  • Aggressively expanding into manufacturing and wholesaling

Are you an investor in Vapor Corp. $VPCO ? Check out the world’s LARGEST B2C #Vaporizer Company Namaste $N.ca

Posted by AGORACOM-JC at 4:34 PM on Tuesday, August 29th, 2017

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N:CSE

  • World’s Largest E-Commerce B2C Vaporizer Company
  • Record Monthly Sales of CAD$1.349M For June 2017
  • Revenue for AUG 31 2018 expected $24.9 million
  • Owns 26 e-commerce stores in 20 countries
  • Distribution centers in North America, South America, Europe and Asia Pacific
  • Aggressively expanding into manufacturing and wholesaling

Are you an investor in $MCIG.us Check Out The World’s Largest B2C #Vaporizer Company Namaste $N.ca

Posted by AGORACOM-JC at 10:04 AM on Wednesday, August 23rd, 2017

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  • World’s Largest E-Commerce B2C Vaporizer Company
  • Record Monthly Sales of CAD$1.349M For June 2017
  • Revenue for AUG 31 2018 expected $24.9 million
  • Owns 26 e-commerce stores in 20 countries
  • Distribution centers in North America, South America, Europe and Asia Pacific
  • Aggressively expanding into manufacturing and wholesaling

INTERVIEW: Namaste $N.ca Discusses Recording Breaking Revenues While Doing Business in Over 20 Countries #Vapes #Vaping

Posted by AGORACOM-JC at 3:38 PM on Friday, August 18th, 2017

Did you know Namaste $N.ca owns 26 e-commerce #Vaporizer stores in 20 countries #Vapes #Vaping

Posted by AGORACOM-JC at 10:48 AM on Wednesday, August 16th, 2017

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  • World’s Largest E-Commerce B2C Vaporizer Company
  • Monthly Sales of C$1.19M for July 2017
  • Aggressively expanding into manufacturing and wholesalingDistribution centers in North America, South America, Europe and Asia Pacific
  • Owns 26 e-commerce stores in 20 countries
  • Revenue for AUG 31 2018 expected $24.9 million

Namaste Announces July Sales of C$1.19M Representing 298% Year-on-Year Increase $N.ca

Posted by AGORACOM-JC at 8:10 AM on Tuesday, August 15th, 2017

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  • July 2017 unaudited sales as reported by the Company were CAD$1,196,971
  • 298% increase in July year-on-year sales

VANCOUVER, B.C., Aug. 15, 2017 — Namaste Technologies Inc. (“Namaste” or the “Company”) (CSE:N) (FRANKFURT:M5BQ) (OTCMKTS:NXTTF) is pleased to announce July 2017 unaudited sales as reported by the Company (including shipping revenues and after discounts and refunds) were CAD$1,196,971 compared to CAD$300,773 in July 2016, representing a 298% increase in July year-on-year sales.

The table below displays a revenue breakdown for Namaste’s various sales channels. These figures represent a 298% monthly year-on-year increase in revenue. Reported revenues declined by 11% in July 2017 when compared with June 2017. This is expected as the summer period is typically soft. Analysis of the larger sites shows a 1% decline in July 2017 when compared with June 2017. Sales increased 20.7% year on year in July on an organic basis in constant currency.

Revenues – July 2017 (CAD$)
Namaste  469,009
EDIT  176,899
Australian Vaporizers  409,928
Green Vapes  11,363
Distribution Goods  92,586
Dropshipping  15,108
Channels  22,078
Total revenues      1,196,971

The table below outlines gross sales of the major sites operated by the Company. Revenues below do not include shipping revenues and are before discounts and refunds.

Selected operating data e-Commerce July 2017 in CAD$      
  traffic conversion         orders      basket price     gross revenues
Namaste  103,918 1.91%  1,985  $241  $478,786
Australian Vaporizers  47,903 3.92%  1,876  $212 $ 398,629
EDIT  260,459 0.86%  2,244  $89  $200,659
GreenVapes  3,183 1.60%  51  $205  $10,462
Total  415,463 1.48%  6,156  $177  $1,088,536

The conversion ratio of Namaste Vapes was 1.91% in July 2017. This compares with 1.96% in June 2017 and 1.76% in July 2016. Traffic consisted of 103,918 visitors in July 2017, representing a significant increase in comparison with 43,350 visitors in July 2016 and 94,139 visitors in June 2017.

The conversion ratio of EveryoneDoesit was 0.86% in July 2017. This compares with 0.87% in June 2017 and 1.05% in July 2016. Traffic consisted of 260,459 visitors in July 2017 repersenting an 11% decline in comparison with 292,423 visitors in July 2016 and a 5% increase in comparison with 247,717 visitors in June 2017. The EveryoneDoesit site was moved from Magento to the Shopify platform in the first quarter of 2017 which caused a slowdown in traffic. The trend shows that the lowest point in traffic was passed in April 2017 and the migration to Shopify has started to show results, hence the month on month increase.

The conversion ratio of Australian Vaporizers was 3.92% in July 2017. This compares with 4.50% in June 2017 and 4.52% in July 2016. Traffic consisted of 47,903 visitors in July 2017, a substantial increase in comparison with 33,420 visitors in July 2016 and 45,040 visitors in June 2017. We believe that the decline in conversion ratio is temporary as Australian Vaporizers moved to the Shopify platform last month. The transition to another platform typically disrupts traffic.

Issued and Outstanding Shares of the Company

During the month of July 2017, the issued and outstanding share amount increased by 822,667 common shares of the Company, resulting from the exercise of warrants.

Management Commentary

Sean Dollinger, President and CEO of Namaste comments: “We are very pleased to see this amazing year-on-year growth with Namaste showing such strong sales for the month of July which is typically one of the slowest months of the year. Our efforts in implementing machine learning technology and enhancements on our platform are very exciting. We expect to see continued growth going forward into the fall and holiday season.”

About Namaste Technologies Inc.

Namaste Technologies Inc. is an emerging leader in vaporizer and accessories space. Namaste has 26 ecommerce retail stores in 20 countries, offers the largest range of brand name vaporizers products on the market and is actively manufacturing and launching multiple unique proprietary products for retail and wholesale distribution. The Company is currently focused on expanding its product offering, acquisitions and strategic partnerships, and entering new markets globally.

On behalf of the Board of Directors

“Sean Dollinger”
Chief Executive Officer
Direct: +1 (786) 389 9771
Email: info@namastevapes.com

Further information on the Company and its products can be accessed through the links below:

www.namastetechnologies.com

www.namastevaporizers.com

www.namastevaporizers.co.uk

www.vaporseller.com

www.everyonedoesit.com

www.everyonedoesit.co.uk

FORWARD LOOKING INFORMATION This press release contains forward-looking information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions, Namaste assumes no responsibility to update or revise forward looking information to reflect new events or circumstances unless required by law. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s disclosure documents which can be found under the Company’s profile on www.sedar.com. This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The CSE has neither reviewed nor approved the contents of this press release.

 

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FEATURE: Namaste (N:CSE) World’s Largest E-Commerce B2C Vaporizer Company with $1.3M in Monthly Revenue (June ’17) $N.ca

Posted by AGORACOM-JC at 12:50 PM on Tuesday, July 25th, 2017

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(CSE:N) (FRANKFURT:M5BQ) (OTCMKTS:NXTTF)

  • World’s Largest E-Commerce B2C Vaporizer Company
  • Record Monthly Sales of CAD$1.349M For June 2017
  • Revenue for AUG 31 2018 expected $24.9 million
  • Owns 26 e-commerce stores in 20 countries
  • Distribution centers in North America, South America, Europe and Asia Pacific
  • Aggressively expanding into manufacturing and wholesaling

Namaste Signs Marketing Agreement With Peeks Social to Promote and Sell Vaporizers in Peeks Platform

  • To work with strong social influencers actively involved in the network and supportive of the medical cannabis industry to promote certain brands of products selected by Namaste.

Receives Health Canada Medical Device Establishment Licence in Order to Distribute Health Canada Approved Vaporizers

  • Its wholly owned subsidiary, has been approved by Health Canada for a Medical Device Establishment Licence
  • MDEL will allow Namaste to import and distribute vaporizers which are approved by Health Canada as Medical Devices

Namaste Enters Into Non-Binding LOI With CannMart, a Late Stage ACMPR Applicant

  • Namaste will purchase all of the issued and outstanding shares in the capital of CannMart, a late stage applicant under the Access to Cannabis for Medical Purposes Regulations
  • In 2014, CannMart submitted its application to become a “sales only” licensed producer of medical cannabis (the “ACMPR Application”).

Entered into a definitive agreement with Australian Vaporizers PTY Limited

  • Further Increase to Bought Deal Financing to $10M
  • For the period ended June 30, 2016, the company produced approximately $4.5 million of revenue and $1.1 million of EBITDA

  • International ecommerce distribution
  • Proprietary vaporizer products
  • Targeting organic growth at 100% per year
  • Sourcing accretive M & A transactions

Namaste Expands Product Portfolio in Advance of US Elections

  • Secured new agreements with manufacturers of indoor growing equipment
  • Product lines added to Namaste’s e-commerce portals and complement the Company’s existing portfolio of vaporizers, pipes, papers and other accessories
  • New product portfolio also represents a further monetization of Namaste’s customer list of approximately 250 thousand names

Namaste Signs Definitive Agreement to Acquire URT1 Limited and Forms World’s Largest E-Commerce B2C Vaporizer Company

  • Unaudited 12 month trailing revenues were approximately C$3.2 million for the period ended August 31, 2016
  • Gross profit margin of 53%
  • In business since 2000
  • Combined proforma unaudited 12 month trailing revenues of approximately C$10 million for the period ended August 31, 2016
  • Total monthly site traffic of over 550,000 visitors
  • Entered into two new strategic partnerships to expand its market presence as the leading e-commerce company focused on vaporizers and accessories
  • Partnerships are with well-known online reviewer Sneaky Pete (SPV Enterprises LLC) and VaporTownUSA.com
  • Partnerships are anticpated to enhance the overall revenue of Namaste through online video reviews, high quality links to the Namaste sites and expansion of sales channels internationally

Regulation

  • Decriminalization and destigmatization of marijuana for medical and recreational use in US, Canada and Europe
  • Vaporizers have lower regulatory burden than growers

Health Advantages

Technical Advances

  • Improved mobility from reduced size of vaporizers
  • Ability to handle liquids, resins and plant matters
  • Conduction, convection, induction technologies
  • Mobile connectivity
  • Increasingly becoming part of the internet of things

Namaste Announces Record Breaking Sales of C$1.34M Representing 21.8% Month-On-Month Increase $N.ca

Posted by AGORACOM-JC at 8:49 AM on Monday, July 10th, 2017

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  • Achieved record monthly sales and traffic for the month of June
  • Total unaudited sales as reported by the Company were C$1,349,545 in June 2017
  • Compared to C$1,108,034 in May 2017, a 21.8% increase.

VANCOUVER, British Columbia, July 10, 2017 — Namaste Technologies Inc. (“Namaste” or the “Company”) (CSE:N) (FRANKFURT:M5BQ) (OTCMKTS:NXTTF) is pleased to announce that it has achieved record monthly sales and traffic for the month of June. The total unaudited sales as reported by the Company (including shipping revenues and after discounts and refunds) were C$1,349,545 in June 2017 compared to C$1,108,034 in May 2017, a 21.8% increase.

The month-on-month increase in revenue was achieved across the large network of sites operated by Namaste which all showed higher conversion rates. The increase in revenue is particularly pleasing as typically revenue is soft during the summer months. Namaste Vapes and Everyonedoesit showed good progress in conversion rates and average order value which were drivers of revenue growth. Australian Vaporizers benefited from an already high conversion rate which increased to 4.5% for the month.

The table below displays a revenue breakdown for Namaste’s various sales channels.

Revenues – June 2017 (C$)
Channels   6,942
Distribution Goods   143,437
Dropshipping   18,972
EDIT   191,500
Green Vapes   17,273
Namaste   547,459
Australian Vaporizers   423,961
Total revenues     1,349,545
Below are gross sales of the major sites operated by the Company. Revenues below do not include shipping revenues and are before discounts and refunds.
Selected operating data e-Commerce June 2017 in C$    
  traffic conversion orders  basket price  gross revenues
Namaste 94,139 1.96 % 1,845 $   278 $   513,827
Australian Vaporizers 45,040 4.50 % 2,026 $   182 $   367,766
EDIT 247,717 0.87 % 2,148 $   94 $   201,134
GreenVapes 3,479 1.47 % 51 $   303 $   15,469
Total   390,375 1.55 %   6,070 $    181 $    1,098,195

Namaste has implemented proprietary machine learning algorithms on several of its major sites that adjust website content and product listings ‘on-the-fly’ based on user behavior. These sites have seen substantial increases in conversion rates as a result and Namaste plans on launching the same technology throughout their platform.

At the end of June the Company granted 1,725,000 options to staff and consultants. The options will vest quarterly over a period of two years and are exercisable for five years at an exercise price of $0.25.

Management Commentary

Sean Dollinger, President and CEO of Namaste comments: “We’re very excited to see amazing results in June sales due to of all the hard work from our management team in implementing innovative strategies to increase sales organically. The implementation of machine learning to our platform has had immediate positive results. We expect to see similar results once this technology is launched throughout our platform. We look forward to continued growth as well as expansion into new markets and product categories.”

About Namaste Technologies Inc.

Namaste Technologies Inc. is an emerging leader in vaporizer and accessories space. Namaste has 26 ecommerce retail stores in 20 countries, offers the largest range of brand name vaporizers products on the market and is actively manufacturing and launching multiple unique proprietary products for retail and wholesale distribution. The Company is currently focused on expanding its product offering, acquisitions and strategic partnerships, and entering new markets globally.

On behalf of the Board of Directors

“Sean Dollinger”
Chief Executive Officer

Further information on the Company and its products can be accessed through the links below:

www.namastetechnologies.com

www.namastevaporizers.com

www.namastevaporizers.co.uk

www.vaporseller.com

www.everyonedoesit.com

www.everyonedoesit.co.uk

FORWARD LOOKING INFORMATION This press release contains forward-looking information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions, Namaste assumes no responsibility to update or revise forward looking information to reflect new events or circumstances unless required by law. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s disclosure documents which can be found under the Company’s profile on www.sedar.com. This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The CSE has neither reviewed nor approved the contents of this press release.

Contact:
Sean Dollinger
Chief Executive Officer
Direct: +1 (786) 389 9771
Email: info@namastevapes.com