(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.
- 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
- 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
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