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Namaste to Acquire Australian Vaporizers and Announces $6.0 Million Bought Deal Financing $N.ca

Posted by AGORACOM-JC at 9:03 AM on Friday, February 24th, 2017

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  • Entered into a definitive agreement with Australian Vaporizers PTY Limited to acquire all of the issued and outstanding shares of Australian Vaporizers in exchange for a combination of cash, common shares and an earn-out payment
  • Company’s website www.australianvaporizers.com.au has approximately 80% of the market share
  • For the period ended June 30, 2016, the company produced approximately $4.5 million of revenue and $1.1 million of EBITDA

VANCOUVER, BRITISH COLUMBIA–(Feb. 24, 2017) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES

Namaste Technologies Inc. (“Namaste” or the “Company”) (CSE:N)(CSE:N.CN)(FRANKFURT:M5BQ) is pleased to report that it has entered into a definitive agreement (the “Agreement”) with Australian Vaporizers PTY Limited (“Australian Vaporizers”) to acquire all of the issued and outstanding shares of Australian Vaporizers in exchange for a combination of cash, common shares and an earn-out payment. Upon the completion of the transaction, Namaste further solidifies its position as the leading e-commerce company in the vaporizers and accessories space with significant market positions in the North America, Europe, South America and now Asia Pacific.

Australian Vaporizers was founded in 2010 and has grown to become the largest online retailer of vaporizers in Australia. The company’s website www.australianvaporizers.com.au has approximately 80% of the market share. The company’s customer database has over 48,000 individuals that have made upwards of 77,000 orders during the lifespan of the company. For the period ended June 30, 2016, the company produced approximately $4.5 million of revenue and $1.1 million of EBITDA. Gross margins for the period were over 45%. The financial results for the period have been audited by Grant Thornton Australia Ltd.

Strategic rationale for the transaction as follows:

  • Positions Namaste as the leading vaporizer and accessories company in Australia, a country with a population of 24.3 million people;
  • Expands customer database to well-over 300,000 individuals globally. This further positions the Company with one of the largest databases of cannabis consumers globally and spans all major markets. Namaste will enter commercial arrangements to further monetize these customers;
  • Positions the Company with over $18.0 million of run rate revenue and moves the Company into profitability. The higher margins of Australian Vaporizers are beneficial to the margins of the combined entity;
  • Provides full Australian distribution center and additional technical staff; and
  • Attractive valuation at approximately 1x sales and 5x EBITDA.

Transaction terms and conditions are as follows:

  • Purchase price of 1.0x 12-month trailing sales of $5.0 million, plus the value of inventory acquired within six (6) months preceding the closing, and 50% of the value of the inventory acquired prior to six (6) months preceding the closing, less all liabilities and plus trade debt and cash. The total purchase price is estimated to be approximately $5.5 million;
  • Consideration of 75% cash on closing, 10% in common shares based on the 20-day volume weighted average price upon signing of definitive agreement and 15% earn-out based on sales and integration milestones; and
  • Receipt of all director and requisite regulatory approvals relating to the transaction, including without limitation, CSE approval, if required.

Bought Deal Financing 

The Company is also pleased to announce that it has entered into a letter of engagement with Eight Capital and Canaccord Genuity Corp. as co-lead underwriters and joint bookrunners, and including Beacon Securities Limited. (together, the “Underwriters”), under which the Underwriters have agreed to purchase 24,000,000 units of the Company (the “Units”), on a “bought deal” private placement basis, subject to all required regulatory approvals, at a price per Unit of $0.25 (the “Offering Price”), for total gross proceeds of $6,000,000 (the “Offering”). Each Unit shall consist of one common share of the Company (a “Share”) and one-half of one common share purchase warrant (a “Warrant”). Each Warrant shall entitle the holder thereof to acquire one Share at a price of $0.35 for a period of 24 months following the Closing Date.

In the event that the closing sale price of the Company’s Shares on the Canadian Securities Exchange is greater than $0.70 per Share for a period of 10 consecutive trading days at any time after the closing of the Offering, the Company may accelerate the expiry date of the Warrants by giving notice to the holders thereof and in such case the Warrants will expire on the 30th day after the date on which such notice is given by the Company.

The Company has granted the Underwriters an over-allotment option to purchase up to an additional 3,600,000 Units at the Offering at the Offering Price, exercisable in whole or in part, at any time on or prior to 48 hours prior to the closing of the Offering. If this option is exercised in full, an additional $900,000 will be raised pursuant to the Offering and the aggregate proceeds of the Offering will be up to approximately $6,900,000.

The Company intends to use the net proceeds of the Offering will be used for the acquisition of Australian Vaporizers PTY Limited and for working capital and general corporate purposes.

The closing date of the Offering is scheduled to be on or about March 9, 2017 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the Canadian Securities Exchange and the applicable securities regulatory authorities.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the United States Securities Act of 1933, as amended, and applicable state securities laws.

Management Commentary  

Mr. Sean Dollinger, President and CEO of Namaste, comments: “The acquisition of Australian Vaporizers completes the geographical profile of Namaste and puts us in a very strong position in all four corners of the globe. This acquisition also further builds the critical mass of Namaste, instantly moves us into profitability and expands our database of high value customers. We look forward to further advancing our relationship with Australian Vaporizers and completing the proposed transaction.”

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.

Namaste Technologies Inc.
Sean Dollinger
Chief Executive Officer
+1 (786) 389 9771
info@namastevapes.com
www.namastetechnologies.com

Namaste Has Been Approved to Retail Marley Natural Brand Accessories $N.ca

Posted by AGORACOM-JC at 8:27 AM on Thursday, February 2nd, 2017

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  • Approved by Little Bay, Inc.  accessories product line in the United States
  • Marley Natural is the official cannabis brand of Bob Marley, one of the most iconic names in the cannabis industry

VANCOUVER, BRITISH COLUMBIA–(Feb. 2, 2017) - Namaste Technologies Inc. (“Namaste” or the “Company”) (CSE:N)(CSE:N.CN)(FRANKFURT:M5BQ) is pleased to announce that it has been approved by Little Bay, Inc. (“Little Bay”) (a subsidiary of Privateer Holdings Inc.) as a retailer of the Marley Natural™ (“Marley Natural”) accessories product line in the United States. Marley Natural is the official cannabis brand of Bob Marley, one of the most iconic names in the cannabis industry. The brand is deeply rooted in the ideas and legacy of Bob Marley and celebrates nature, justice and the positive potential of the herb. The terms of resale will be governed by a retail agreement between Namaste and Little Bay.

The collection is made from American Black Walnut and accented by heat resistant hand-blown glass that ensures durability, convenient maintenance, and a comfortable hand-held feel. Namaste’s in-house merchandising team has identified the Marley Natural brand as an ideal collection for specific growth markets. Namaste will market the Marley Natural products to its customer list of over 250,000 individuals and through its e-commerce brands including Namaste Vapes, Everyonedoesit and VaporSeller.

Management Commentary

Sean Dollinger, President and CEO of Namaste, comments: “We are very pleased to carry the Marley Natural brand, the official cannabis brand of Bob Marley. We also pleased to have entered our first commercial arrangement with one of the Privateer Holdings companies, a leader in the cannabis industry, and look forward to further developing a relationship as both our companies expand.”

About Marley Natural

Marley Natural™ is dedicated to creating uniquely designed accessories and offers an elevated line of smoking products for discerning herb connoisseurs. Balancing intuitive form, with subtle Jamaican-inspired accents, the line caters to a personalized and very sensory approach to the classic ritual of smoking. Marley Natural accessories may only be used with legal smoking herbs and may not be used with tobacco products.

About Namaste Technologies Inc.

Namaste Technologies Inc. is an emerging leader in vaporizer and accessories space. Namaste has 26 e-commerce 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 several 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 Inc.
Sean Dollinger
Chief Executive Officer
+1 (786) 389 9771
info@namastevapes.com
www.namastetechnologies.com

Namaste Announces Record Quarterly Revenue of over $2M for Q1 2017 $N.ca

Posted by AGORACOM-JC at 9:51 AM on Monday, January 30th, 2017

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  • Recorded record quarterly revenue of $2,087,188, an increase of 77.6% from the first quarter of 2016;
  • Generated gross profit of $683,016, an increase of 75.9% from the first quarter of 2016;
  • Expanded the customer list to over 250,000 individuals producing monthly traffic of approximately 600,000 site visits in November

VANCOUVER, BRITISH COLUMBIA–(Jan. 30, 2017) - Namaste Technologies Inc. (“Namaste” or the “Company“) (CSE:N)(CSE:N.CN)(FRANKFURT:M5BQ) is pleased to announce the filing of its unaudited quarterly financial statements, management’s discussion and analysis, and certification of the quarterly filings for the first quarter of fiscal 2017. The statements for the period can be accessed on SEDAR at www.sedar.com.

The operational and financial highlights for the period include the following:

  • Recorded record quarterly revenue of $2,087,188, an increase of 77.6% from the first quarter of 2016;
  • Generated gross profit of $683,016, an increase of 75.9% from the first quarter of 2016;
  • Expanded the customer list to over 250,000 individuals producing monthly traffic of approximately 600,000 site visits in November;
  • Closed the acquisition of the assets of URT1 Limited, which comprised its Everyonedoesit business (“Everyonedoesit”) and raised approximately $3.5 million of capital; and
  • Appointed experienced members to the management team and board.

Financial Results

During the financial reporting period from September 1, 2016 to November 30, 2016, the Company focused efforts on further expanding its traffic and customer base, growing revenues, integrating the asset acquisitions of VaporSeller and Everyonedoesit, and securing capital to expand operations. Because of these focused initiatives, the Company achieved the following financial results:

  • Net revenue of $2,087,188 (Q1 2016 – $1,175,341), an increase of 77.6% as compared to the first quarter of 2016. These financial results include net revenues for a 44-day period from the Everyonedoesit asset acquisition, which produced revenue of $316,460. On a gross basis (prior to adjustments for refunds, discounts and charge backs), the revenues for the period were $2,460,738, an increase of $373,550 to net revenues. These adjustments are anticipated to normalize as the Company has now integrated the acquisition of VaporSeller and URT1, which is anticipated to result in a higher net revenue going forward.
  • Cost of sales of $1,404,172 (Q1 2016 – $787,008), which resulted in a gross profit of $683,016 (Q1 2016 – $388,333). As a percentage of sales, the gross margin was 32.7% compared to 33.0% in the first quarter of 2016. Going forward, the Company is optimizing its product mix to include higher margin glassware, private label products such as the Gurutm and related product accessories, products sourced from larger volume manufacturers, and driving higher average purchase prices from the VaporSeller and URT1 acquisitions.
  • Operating costs of $1,580,087 (Q1 2016 – $513,977), an increase of 207.4% as compared to the first quarter of 2016. This increase in operating costs includes non-cash and currency expenses of $71,416. These costs relate to share based compensation and foreign exchange movements in the Company’s source currencies including the British Pound and Euro. In addition, were non-recurring legal expenses of $175,000 related to the URT1 acquisition and financing. After adjusting for these numbers, management estimates total operating costs of $1,333,671 for the period. In addition to these expenditures, the Company has also incurred costs associated with positioning the business for scalability and the administration of its public listing.
  • Comprehensive loss of $(897,072) (Q1 2016 – $(125,644)). Going forward, management anticipates sales growth to strengthen from organic revenue generation and completed acquisitions, cost of sales to reduce due to higher volume purchases and optimization of the product portfolio, and operating costs to reduce as a result of normalized operations, which management anticipates to result in profitability and positive cash flow generation in fiscal 2017.

Management Commentary

Sean Dollinger, President and CEO of Namaste, comments: “The first quarter of 2017 represents substantial financial progress. In the first quarter, our team obtained these results while integrating multiple acquisitions and fulfilling orders during some of our most active months. Going forward, we continue to streamline operations, including optimizing our websites, human resources, and distribution networks, and believe our financial results will continue to reflect the value we have created for shareholders.”

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 5 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 Inc.
Sean Dollinger
Chief Executive Officer
+1 (786) 389 9771
info@namastevapes.com
www.namastetechnologies.com

Namaste expands its customer list to over 250,000 individuals producing monthly traffic of nearly 600,000 site visits $N.ca

Posted by AGORACOM-JC at 5:40 PM on Friday, January 6th, 2017

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  • Expanded its customer list to over 250,000 individuals producing monthly traffic of nearly 600,000 site visits;
  • Expanded its portfolio to over 3,000 products from over 200 vendors and delivered these products to retail customers in 75 countries;
  • Expanded commercial relationships with Pax Labs, Firefly, eBay, VaporTown USA, and Inhalator

 

VANCOUVER, BRITISH COLUMBIA–(Jan. 6, 2017) - Namaste Technologies Inc. (“Namaste” or the “Company“) (CSE:N) (CSE:N.CN) (FRANKFURT:M5BQ) announces the filing of its annual audited financial statements, management discussion and analysis, and certification of the annual filings for the year ended August 31, 2016 (collectively, the “2016 Financials“). The Company also provides investors an overview of corporate activities and outlines objectives for 2017. The statements for the period can be accessed on SEDAR at www.sedar.com.

Operational Highlights

During the financial reporting period and year-to-date, the Company focused efforts on expanding its customer base, completing a public listing on the Canadian Securities Exchange, securing growth capital, bringing the latest vaporizer and accessory products to the global market, accelerating organic sales generation from more costly pay-per-click advertising, completing strategic partnerships and acquisitions, and expanding the management team and board. As a result of these focused initiatives, the Company achieved the following:

  • Expanded its customer list to over 250,000 individuals producing monthly traffic of nearly 600,000 site visits;
  • Expanded its portfolio to over 3,000 products from over 200 vendors and delivered these products to retail customers in 75 countries;
  • Expanded commercial relationships with Pax Labs, Firefly, eBay, VaporTown USA, and Inhalator;
  • Acquired the VaporSeller and URT1 Limited (“URT1″) assets;
  • Raised approximately $5.7 million; and
  • Appointed experienced members to the management team and board.

Financial Results

During the period from September 1, 2015 to August 31, 2016, the Company’s inbound organic revenue generation strategy produced e-commerce revenue of $3,488,902 and gross profit of $1,220,474 (including all transportation and shipping costs), resulting in a 32% gross profit margin. These financial results include revenues for a 47-day period from the VaporSeller asset acquisition, which produced revenue of $394,901. On a proforma basis, including the acquisition of assets relating to URT1 Limited during Q1 of fiscal 2017, management estimates the combined assets of Namaste, VaporSeller and URT1 generated revenue of $12,423,486. 2016 financial results include the following:

  • Revenue of $3,488,902 (2015 – $4,568,276), a decline of 23.6% as compared to the year ended August 31, 2015. This decline in revenue is due to a change in business model, from pay-per-click advertising to growing organic traffic through search engine optimization. Due to this change in strategy, the annual spending on advertising during the period was substantially reduced to $203,423 from $466,379 in the prior period, a reduction of 56% in total expenditure. Going forward, the Company’s investment of resources into this strategy will result in more sustainable and recurring revenue generation at a lower customer acquisition cost compared to utilizing pay-per-click advertising.
  • Cost of sales of $2,368,428 (2015 – $2,565,251), which resulted in a gross profit of $1,120,474 (2015 – $2,003,025). As a percentage of sales, the gross margin was 32% compared to 44% in the previous year. This reflects the acquisition of VaporSeller which generates lower gross margin sales. Going forward, the Company is optimizing its product mix to include higher margin glassware, private label products such as the Gurutm and related product accessories, products sourced from larger volume manufacturers, and driving higher average purchase prices from the acquisition of VaporSeller and URT1.
  • Operating costs of $3,286,666 (2015 – $1,414,157), an increase of 132%. This increase in operating costs includes non-cash, non-recurring and currency expenses of $1,372,505. These costs relate to the share issuance value associated with listing the Company on the Canadian Securities Exchange through a reverse takeover, share based compensation, legal expenses for listing the Company, financings and the acquisition of VaporSeller, and foreign exchange movements in the Company’s source currencies including the British Pound and Euro. After adjusting for these numbers, management estimates total operating costs of $1,914,161 for the period. In addition to these expenditures, the Company has also incurred costs associated with positioning the business for scalability and the administration of its public listing.
  • Comprehensive loss of $1,927,776 (2015 – profit of $355,230). This decrease in net income is attributable to the transition of the Company’s business model, decline in gross margin and increase in operating costs. Going forward, management anticipates sales growth to strengthen from organic revenue generation and completed acquisitions, cost of sales to reduce due to high volume purchases and optimization of the product portfolio, and operating costs to reduce as a result of normalized operations. The Company anticipates being profitable and cash flow positive in fiscal 2017.

2017 Corporate Objectives

In 2017, the Company will continue to focus on key objectives to deliver value to its shareholders. These objectives include the following:

  • Continue to focus on high growth markets and position the Company to capitalize on the destigmatization of cannabis in major markets including the US and Canada. Grow organic sales at greater than 30% year-over-year from current business efforts and reach portability;
  • Complete multiple strategic acquisitions that expand the Company’s geographical presence, product offering and e-commerce capabilities. Seamlessly integrate these acquisitions into existing operations.
  • Further enhance e-commerce systems and further streamline the Company’s analytical reporting capabilities. Utilize the latest technologies to provide in-depth information on consumer and industry buying trends.
  • Expand the Company’s board and management team with qualified professionals and further train and develop existing staff members. Generate a results driven corporate culture focused on shared objectives.

Cease Trade Order

As disclosed in the Company’s press release dated January 5, 2017, trading of the Company’s common shares has been halted pursuant to a cease trade order of same date (“CTO“) issued by the British Columbia Securities Commission (the “Commission“) under National Policy 11-207 Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisidictions. The filing of the 2016 Financials constitutes the Company’s application for removal of the CTO and initiates the Commission’s review process. The Company will provide additional disclosure as and when information becomes available in respect of the Commission’s review process.

Management Commentary

Sean Dollinger, President and CEO of Namaste, comments: “2016 has been a transformation year for Namaste. Looking back at the accomplishments of our team and our goals for 2017, I see nothing but opportunity. The hallmark of our team’s execution capabilities has been based on defining attainable objectives, implementing the right strategy, focusing the right people on executing that strategy, and overcoming any challenges as a team. I would like to thank all of our stakeholders for their support in 2016 and believe we will look back at 2017 with the same sense of accomplishment and optimism for the future.”

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 STATEMENTS

Certain statements included in this press release constitute forward-looking statements under applicable securities legislation. These statements relate to future events or future performance of the Company. All statements other than statements of historical fact are forward-looking statements. In some cases, forward-looking statements can be identified by terminology such as may, will, should, expect, plan, anticipate, believe, estimate, predict, potential, continue, or the negative of these terms or other comparable terminology. Undue reliance should not be placed on these forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur, which may cause actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. 

The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above. New factors emerge from time to time, and it is not possible for management of the Company to predict all of these factors and to assess in advance the impact of each such factor on the Companys business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statement or information. The forward-looking statements contained herein are expressly qualified by this cautionary statement. Moreover, neither the Company nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements.

The Canadian Securities Exchange has in no way approved nor disapproved the contents of this press release and does not accept responsibility for the adequacy or accuracy of this press release.

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

Namaste Establishes Channel on Peeks Social Commerce Platform $N.ca

Posted by AGORACOM-JC at 8:48 AM on Thursday, December 1st, 2016

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  • Announced that it has entered an agreement with Keek Inc., the online social commerce company that is monetizing Peeks, an e-commerce enabled platform that allows users to livestream personal interactive e-commerce enabled mobile broadcasts
  • Established a channel on the peeks platform and will received exposure to Peek’s global user base of over 75 million registered users in approximately 100 countries

VANCOUVER, BRITISH COLUMBIA–(Dec. 1, 2016) - Namaste Technologies Inc. (“Namaste”) (CSE:N)(CSE:N.CN)(FRANKFURT:M5BQ) is pleased to announce that it has entered an agreement with Keek Inc., the online social commerce company that is monetizing Peeks, an e-commerce enabled platform that allows users to livestream personal interactive e-commerce enabled mobile broadcasts. Namaste has established a channel on the peeks platform and will received exposure to Peek’s global user base of over 75 million registered users in approximately 100 countries.

Pursuant to the terms of the agreement, Peeks shall offer Namaste a premium position within its upcoming discovery channel that will cater towards multiple media partners, user generated content and highlighted e-commerce partners who will be able to monetize their live and archived videos. One of the upcoming discovery channel categories will focus on legalized cannabis and will feature Namaste as a premier e-commerce partner within that channel. Furthermore, Peeks will enlist social influencers that will participate in promoting the purchase of products through the Peeks Offer-Box technology. By simply tapping their screen, viewers inside Peeks can purchase influencer endorsed products provided by Namaste.

Management Commentary

Sean Dollinger, President and CEO of Namaste, comments: “We are very pleased to launch on the Peeks platform. We see significant opportunity to generate revenue through this application and plan to work with multiple high-profile influencers to affectively convert Peek’s 75 million registered users into exponential sales growth.”

About Keek Inc.

Keek’s core business is the developing of an online social video platform for both web and mobile with an emphasis on mobile which allows users to upload and share personal videos of themselves or events surrounding them, their self-expression. Keek has developed a global video social network, enabled over the Internet and on mobile devices around the world. Since inception, Keek’s community has grown to over 75 million registered users across 6 global regions including North America, South America, Europe, Middle East, Asia/Oceania, and Africa. Keek has also began an integration of Peeks livestreaming technology. Peeks is described as an e-commerce enabled platform that allows users to livestream personal interactive e-commerce enabled mobile broadcasts.

About Namaste Technologies Inc.

Namaste Technologies Inc. is an emerging leader in vaporizer and accessories space. Namaste has 26 e-commerce 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 link 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 several 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 Inc.
Sean Dollinger
Chief Executive Officer
+ 1 (786) 389-9771
info@namastevapes.com
www.namastetechnologies.com

FEATURE: #1 Vaporizer Distributor in Europe, $5.8M USD of Revenue Run Rate $N.ca

Posted by AGORACOM-JC at 5:25 PM on Wednesday, September 14th, 2016

Namastelarge_copy

  • #1 vaporizer distributor in Europe
  • $5.8M USD of revenue run rate
  • Proprietary products launched
  • Perfect market timing for expansion

  • International ecommerce distribution
  • 30+ International based portals
  • 10 Languages
  • Proprietary vaporizer products
  • Targeting organic growth at 100% per year
  • Sourcing accretive M & A transactions

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 Closes Acquisition of VaporSeller While Increasing Annualized Run Rate Revenue By Approximately 142% to US$5.8M $N.ca

Posted by AGORACOM-JC at 11:03 AM on Monday, July 18th, 2016

Highlights of the acquisition:

  • Increases annualized run rate revenue by approximately 142% to US$5.8 million;
  • Expands customer list by over 150,000 names;
  • Adds new manufacturer relationships and products that will be sold though VaporSeller as well as Namaste’s retail and wholesale division;
  • Provides strategic entrance into the US market.

TORONTO, ONTARIO–(July 18, 2016) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES

Namaste Technologies Inc. (“Namaste” or the “Company”) (CSE:N)(OTC PINK:NXTTF)(FRANKFURT:M5BQ) reports that it has completed the acquisition of VaporSeller, an e-commerce portal for the sale of vaporizers and accessories that generated an unaudited revenue base of US$3.4 million in 2015. The Company has commenced integration activities to ensure an effective transition into the operations of Namaste. This includes software integration, inventory storage and controls, and the transition of customer service and support functions. The following sets forth the highlights of the acquisition:

  • Increases annualized run rate revenue by approximately 142% to US$5.8 million;
  • Expands customer list by over 150,000 names;
  • Adds new manufacturer relationships and products that will be sold though VaporSeller as well as Namaste’s retail and wholesale division; and
  • Provides strategic entrance into the US market.

Further to the Company’s press release dated June 7, 2016 that outlines the definitive terms for the acquisition of VaporSeller, the Company has acquired all VaporSeller related website domains, a customer list of over 150,000 names, and related intellectual property, goodwill, and support services, in exchange for US$500,000 in cash, 5.0 million shares of Namaste over time and an earn-out of US$1.5 million, subject to revenue and margin controls.

In addition to closing the acquisition of VaporSeller, the Company has also closed on the minimum subscription requirement of its non-brokered private placement by issuing approximately 8.0 million units (“Units) of the Company for gross proceeds of approximately $960,000. Each Unit consists of one common share of the Company and one common share purchase warrant at an exercise price of $0.18 for a period of 2-years. All securities issued pursuant to the non-brokered private placement are subject to a four month plus one day hold period. The Company continues to work with investors to obtain additional subscriptions for its non-brokered private placement and will update investors in due course.

Mr. Sean Dollinger, President and CEO of Namaste, comments: “The closing of VaporSeller represents a very significant accomplishment for the Company. In less than 6-months from going public, we have more than doubled the size of Namaste’s revenue base, substantially expanded our customer base, entered the US market and added important new lines of products. I would like to personally thank all those involved in bringing this transaction together.”

About Namaste Technologies Inc.

Namaste Technologies Inc. is an emerging leader in vaporizer and accessories space. Namaste has over 30 e-commerce 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 link below:

www.namastetechnologies.com

www.namastevaporizers.com

www.namastevaporizers.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 Inc.
Sean Dollinger
Chief Executive Officer
+ 1 (604) 685-8045
+ 1 (786) 389-9771
info@namastevapes.com
www.namastetechnologies.com

 

Namaste Ranked as #1 E-Commerce Vaporizer Portal Globally $N.ca

Posted by AGORACOM-JC at 11:02 AM on Tuesday, June 28th, 2016

Namastelarge_copy

  • Current revenue run rate of approximately US$2.4M
  • Experiencing organic revenue growth in current sales of 6% monthly (100% annual)
  • After the previously announced acquisition of VaporSeller, Namaste will expand run rate to US$5.8 million
  • Seek to increase sales by the same organic growth rate of 6% monthly, while generating breakeven to positive cash flows

TORONTO, ONTARIO–(June 28, 2016) – Namaste Technologies Inc. (“Namaste” or the “Company”) (CSE:N)(OTC PINK:NXTTF)(FRANKFURT:M5BQ), a leading international vaporizers and accessories e-commerce company based on customer trustworthiness and service quality, reports on recent positive developments relating to its e-commerce and manufacturing divisions. The following are the unique strategic attributes of the Company:

  • An international leader in the e-commerce sale of vaporizers and accessories with sales in over 20 countries. Namaste is the only publicly listed Canadian vaporizer investment opportunity focused on addressing medical and recreational herb consumers;
  • Current revenue run rate of approximately US$2.4 million and experiencing organic revenue growth in current sales of 6% monthly (100% annual). After the previously announced acquisition of VaporSeller, Namaste will expand run rate revenue from US$2.4 million to US$5.8 million and seeks to increase sales by the same organic growth rate of 6% monthly, while generating breakeven to positive cash flows; and
  • Combining an excellent array of management skillsets with expertise in e-commerce, product development and engineering and corporate finance.

Under the leadership of Sean Dollinger, an e-commerce expert and President and CEO of Namaste, the Company has had its ranking as the number one ranked e-commerce portal for the sale of vaporizers and accessories re-confirmed by Trustpilot. Namaste has maintained its 9.8 out of a maximum possible score of 10. This score independently ranks Namaste’s e-commerce customer trustworthiness and service quality as the highest ranking in the world for vaporizer distributors. This score also places Namaste in the top 0.2% of the world’s e-commerce sites for trustworthiness and service. Trustpilot is an independent rating company that reports customer experiences with e-commerce companies.

Further to the Company’s press release on May 30, 2016 and under the direction of Kory Zelickson, an experienced electrical engineer and Chief Operating Officer of Namaste, the Grizzly Guru, a handheld portable vaporizer that provides a seamless solution for vaporizing dry herbs, concentrates and liquids, has been gaining significant sales momentum in the first month of commercial availability. This is the first product designed and manufactured by Namaste. The Company has now sold over 300 units through retail and wholesale channels and continues to increase production rates in order to meet demand. Based on market feedback, the Company anticipates continued success in terms of expanding sales of these high margin products and will continue pursue other unique product concepts for commercialization. The Grizzly Guru can be purchased at www.grizzlyoriginals.com.

About Namaste Technologies Inc.

Namaste Technologies Inc. is an emerging leader in vaporizer and accessories space. Namaste has over 30 e-commerce 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 link below:

www.namastetechnologies.com

www.namastevaporizers.com

www.namastevaporizers.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 Inc.
Sean Dollinger
Chief Executive Officer
+ 1 (604) 685. 8045
+ 1 (786) 389-9771
info@namastevapes.com
www.namastetechnologies.com

 

Vaping Is 95% Healthier and 40% Cheaper Than Smoking $N.ca

Posted by AGORACOM-JC at 3:00 PM on Monday, June 6th, 2016

http://www.namastetechnologies.com/wp-content/uploads/2016/03/logops-3.png

  • Funded by the tobacco lobby but rather the U.K.’s Department of Health, also noted that around half of the general public falsely assumed vaporizers and e-cigarettes were as unhealthy as a pack of Lucky’s
  • No evidence vaporizers lead to smoking. In fact, the report suggested e-cigarettes as a useful tool to help people quit smoking

The pack-a-day smoker can save around $1,200 per year by vaping.

 

The CDC and various health organizations don’t want to endorse smoking or nicotine consumption in any form, so it’s understandable that they’ve emphasized first and foremost that e-cigarettes are bad for people.

According to a new study published by Public Health England on Wednesday, however, vaping is actually 95% less harmful than their smouldering counterpart.

The study, which was not funded by the tobacco lobby but rather the U.K.’s Department of Health, also noted that around half of the general public falsely assumed vaporizers and e-cigarettes were as unhealthy as a pack of Lucky’s, and that there’s no evidence vaporizers lead to smoking. In fact, the report suggested e-cigarettes as a useful tool to help people quit smoking.

What the report doesn’t mention is that jumping on the e-cig train could save considerable money compared to traditional smoking. According to NerdWallet, disposable e-cigarettes will mug you an average of $1,387 per year if you’re a pack-a-day smoker—considerably less than the $2,569 equivalent yearly cost of the real thing. While it’s still enough to make a dent in your budget, the savings could be critical for many, since tobacco use is higher among among people at a lower socioeconomic status.

If you really want to get that cost down, you can sacrifice some convenience and buy a reusable vape with liquid refills, getting the cost down to about $500 to $600 per year—an average savings of over $2,000. Well, it could save you that, plus a couple decades on your life.

Of course, smokers would save the most–and enjoy the best health and longest lives–by kicking the habit in all forms.

Source: http://time.com/money/4005030/vaping-healthier-cigarettes-expensive/

 

AGORACOM Welcomes Namaste Technologies (N: CSE) With $4.8M of Sales In Initial Year $N.ca

Posted by AGORACOM-JC at 10:38 AM on Monday, June 6th, 2016

Namastelarge_copy

N: CSE

  • #1 vaporizer distributor in Europe
  • $4.8 million of sales in initial year
  • Proprietary products ready for launch
  • Perfect market timing for expansion

  • On-line Retail Distribution
  • 30+ International Websites
  • 10 Languages
  • Proprietary Vaporizer Products
  • Strategic M&A

Regulation

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

Health Advantages

  • Vaporizers proven to be healthier alternative to paper combustibles
  • Ability to vaporize key compounds

Technical Advances

  • Improved mobility from reduced size of vaporizers
  • Ability to handle liquids, resins and plant matters


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