Vancouver, British Columbia–(August 18, 2016) – Namaste Technologies (CSE: N) (FSE: M5BQ) (OTC Pink: NXTTF), an emerging leader in the vaporizer and accessories space, reports that site traffic is up 531% from 42,353 in April to 267,144 in July. Management attributes this growth to the recent acquisition of VaporSeller along with enhanced digital marketing strategies.
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Based on this growth rate, Namaste is on track to achieve its near term goal of becoming the largest global retail e-commerce company in its space, and is actively looking to further expand its markets globally, through acquisitions and strategic partnerships.
The company has invested significant resources into improving the domain authority index of its flagship UK websites. As a result, domain authority has increased from 21 to 41, which now places Namaste in the top decile of all vaporizer sales globally, based on this important metric.
With more than 30 e-commerce retail stores in 20 countries, targeting both medical and recreational herb consumers, the company currently offers the largest range of brand name vaporizer products in the market.
According to Wells Fargo Research, the global market for vapor products is estimated to have exceeded $2 billion in 2014.
The company launched VASTrader, (www.VASTrader.com), a marketplace for the trading of previously owned vaporizers, and launched the Groovy Vapes application, available in the Google Play and Apple stores, for the purchasing of vaporizers.
Sean Dollinger, CEO, stated: “Almost exactly one year ago, we started the process of transforming Namaste into a public company with the objective of utilizing our ecommerce, engineering and financial skills to capture significant vaporizer market share. With our acquisition of Vaporseller and our investment in technology, the Company is now in position to become the leading industry consolidator. I am also happy to report that our TSX Venture Exchange listing application is being submitted to the exchange within the coming weeks.”
For more information please visit the company’s website www.NamasteTechnologies.com, or contact Sean Dollinger, CEO, at 786-389-9771 or email [email protected].
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