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Namaste $N.ca $NXTTF receives approval of Normal Course Issuer Bid to repurchase and cancel up to 25,308,136 shares and announces attendance at #GritCAMP #cannabis & crypto conference July 25th-27th $VAPE $VPCO $MCIG $ABCN.ca $ACG.ca $ACB $WEED.ca $HIP.ca

Posted by AGORACOM-JC at 8:49 AM on Monday, July 16th, 2018

  • Announced that the Company has received approval from the TSX Venture Exchange for a Normal Course Issuer Bid to repurchase for cancellation up to  25,308,136 common shares of its own capital through the facilities of the Exchange

VANCOUVER, July 16, 2018 – Namaste Technologies Inc. (“Namaste” or the “Company”) (TSXV: N) (FRA: M5BQ)(OTCMKTS: NXTTF) is pleased to announce that the Company has received approval from the TSX Venture Exchange (the “Exchange”) for a Normal Course Issuer Bid (“NCIB”) to repurchase for cancellation up to  25,308,136 common shares of its own capital through the facilities of the Exchange. The NCIB will be in place for a 12-month duration, commencing on July 18th, 2018 and ending July 17th, 2019. Additionally, Namaste is also pleased to announce that the Company will attend and present at Grit Capital Advisory’s upcoming July 25-27th 2018 conference, GritCAMP.

Pursuant to the notice of intention filed with the Exchange, the Corporation intends to purchase for cancellation, through the facilities of the Exchange and at the market price of the Corporation’s common shares (“Common Shares”) at the time of purchase, up to 25,308,136 Common Shares, representing approximately 8.9% of the Company’s issued and outstanding common shares and 10% of the Company’s “public float” (as such term is defined in the TSX-V Corporation Finance Manual).

The NCIB will be conducted on behalf of the Company by Canaccord Genuity Inc. (“Cannacord”). The actual number of Common Shares that may be purchased and the timing of any such purchases will be determined by the Corporation and will be made in accordance with the requirements of the Exchange.

The Corporation will enter into a pre-defined plan with Cannacord to allow for the purchase of Common Shares by the Corporation at times when it ordinarily would not be active in the market due to internal trading blackout periods.

Namaste is pleased to announce that CEO Sean Dollinger will be presenting at GritCAMP’s upcoming cannabis and crypto conference on July 25th-27th, 2018. Grit Capital Advisory firm is well-known for its aggressive “out of the box” thinking. The conference will feature 20 of the most exciting crypto, cannabis, gaming & health-tech companies in North America and will feature +50 international wealth managers, 1×1 company circuit, immersive games and competitions, unique skill building in personal cyber-security, presenting with flair, tricks of the trade tax planning, live pyrotechnics entertainment and much more.

Genevieve Roch-Decter, CEO of Grit Capital comments: – “Cannabis and crypto are two of the most booming growth sectors in North America. Billions of dollars of capital are being invested into these industries with increasing institutional backing. Grit Capital prides itself on showcasing the right companies to the right people, in immersive settings where “fun” and “informative” intersect, driving strong investor engagement.”

To sign-up for GritCAMP, the crypto & cannabis markets and investments conference, visit www.gritcamp.ca

Management Commentary

Sean Dollinger, President and CEO of Namaste comments: – “We believe that the present trading price of the Common Shares of the Namaste is at a significant discount to a what we believe is reflective of the Corporation’s value as a whole. Subsequently, management is of the view that it is in the best interests of all shareholders of the Corporation that, from time to time, Common Shares be acquired by the Corporation and returned to the treasury, thus increasing the Corporation’s value per Common Share for remaining shareholders.

We’re also very proud to have joined Grit Capital’s GritCAMP conference and I’m very much looking forward to presenting and participating in the event. Grit Captial’s management team have demonstrated themselves to be forward-thinking and innovative with respect to their platform and initiatives in the cannabis industry.”

About Grit Capital Inc.

Grit Capital is a capital markets advisory firm based in Toronto, Canada. In a nutshell: We “Tell the Right Story to the Right People” and “Incessantly Chase ROI”. We showcase our clients to investors through targeted 1×1 meetings, events, conferences, cross-north America roadshows and on social media. We pride ourselves on “out of the box” thinking to captivate mindshare. The intersection of “fun” and “informative” is where we and our clients thrive. We control our own messaging through our media platform, GritMedia, featuring a weekly newsletter that goes out to ~2k curated finance professionals. For further information about Grit Capital, please visit our corporate website at;

www.gritcapital.ca

About Namaste Technologies Inc.

Namaste Technologies is Your Everything Cannabis Store™. Namaste operates the largest global cannabis e-commerce platform with over 30 websites in 20+ countries under various brands. Namaste’s product offering through its subsidiaries includes vaporizers, glassware, accessories, CBD products, and the company will soon be selling medical cannabis in the Canadian market, subject to approval by Health Canada.

Namaste has developed and acquired innovative technology platforms including NamasteMD.com, Canada’s first Health Canada compliant telemedicine application, and in May 2018 the Company acquired a leading e-commerce AI and Machine Learning Company, Findify AB. Findify uses artificial intelligence algorithms to optimize and personalize a consumer’s on-site buying experience. Namaste is focused on leveraging its cutting-edge technology to enhance the user experience throughout its platforms. Namaste will continue to develop and acquire innovative technologies which will provide value to the Company and to its shareholders as well as to the broader cannabis market.

 

On behalf of the Board of Directors

 

“Sean Dollinger”

 

Chief Executive Officer

 

Direct: +1 (786) 389 9771

 

Email: [email protected]

 

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

 

NamasteTechnologies.com

 

NamasteMD.com

 

NamasteVapes.ca

 

Everyonedoesit.ca

 

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. Neither the TSX Venture Exchange nor its market regulator has reviewed or approved the contents of this press release.

Namaste $N.ca $NXTTF announces domestic consulting agreement with Cannbit Ltd to expand Israeli operations and add new sales channels $VAPE $VPCO $MCIG $ABCN.ca $ACG.ca $ACB $WEED.ca $HIP.ca

Posted by AGORACOM-JC at 4:18 PM on Thursday, July 5th, 2018

  • Signed a consulting agreement with Cannbit Ltd., whereby Cannbit will provide domestic consulting services to Namaste
  • Will streamline the Company’s Israeli operations, expand its platform and increase domestic revenues
  • Namaste has identified strong growth potential in its Israeli market and will focus on the expansion of its current platform as well as introducing new technology like its telemedicine application, NamasteMD and Findify’s AI technology in Israel

VANCOUVER, July 5, 2018 – Namaste Technologies Inc. (“Namaste” or the “Company”) (TSXV: N)(FRA: M5BQ)(OTCMKTS: NXTTF) is pleased to announce the Company has signed a consulting agreement (the “Agreement”) with Cannbit Ltd. (“Cannbit” or “Cannbitltd.com”), whereby Cannbit will provide domestic consulting services to Namaste that will streamline the Company’s Israeli operations, expand its platform and increase domestic revenues. Namaste’s recent announcement of its 10% investment in Cannbit, with Cannbit’s intention to publicly list on the Tel Aviv Stock Exchange (“TASE”), is further supported by this strategic partnership.

Namaste has identified strong growth potential in its Israeli market and will focus on the expansion of its current platform as well as introducing new technology like its telemedicine application, NamasteMD and Findify’s AI technology in Israel. Cannbit will provide Namaste with local resources to facilitate this growth. Cannbit will provide Namaste with domestic management and operations of the Company’s Israeli e-commerce platform, business development, website translations, domestic customer support services and wholesale sales. Cannbit’s team will work closely with Namaste’s marketing team to further develop its online platform and expand its B2B channels business in Israel.

Israel has quickly emerged as a global leader in cannabis research and development and Namaste is well positioned to leverage its technology and database of Israeli consumers to launch new initiatives in the Israeli market including the Company’s revolutionary telemedicine application and patient portal, NamasteMD. Through its investment with Cannbit, a medical cannabis supply agreement and now this strategic partnership, Namaste will benefit from expansion of its revenue streams, import of high-quality Israeli grown cannabis to the Canadian market (subject to approval by Israeli regulators and Health Canada), and also in leveraging its technology to provide simple and effective access to its online healthcare platform.

Management Commentary

Yaron Razon, co-founder and CEO of Cannbit comments: – “We are delighted to strengthen our strategic partnership with Namaste by adding yet another business cooperation them. Namaste is a global leader with a sensational management team. This Agreement, as well as our other partnerships with Namaste will benefit both companies as well as their respective shareholders. I’m also certain that both companies will find more ways to cooperate in the near future.”

Sean Dollinger, President and CEO of Namaste comments: – “We’re very proud of our various partnerships with Cannbit and love working with their team. This Agreement will bring great value to Namaste by leveraging Cannbit’s resources and expertise in the Israeli market. We see this is the beginning of a long-term relationship with our partner. We believe working with Cannbit under this Agreement is the best way for us to operate and grow in the Israeli market. As our database of Israeli customers grows every day, we look forward to launching new initiatives in Israel to capture more market share and in providing Israeli citizens with access to simple and convenient healthcare through NamasteMD. The idea for us is to keep building our database of customers, in order to overlap it with a domestic sales license and provide a fully-integrated platform for the sale of medical cannabis in the Israeli market. We’re looking forward to launching operations under the terms of this new agreement, exporting cannabis to the Canadian market when possible, and growing our Israeli division of the Company.”

About Cannbit Ltd.

Cannbit is focused on growing high-quality medical-grade cannabis with advanced technology and agriculture platform while utilizing the best human resources to produce the highest level of quality available that will effectively treat a wide range of illnesses. The Israeli government is expected to approve the export of medical cannabis and Cannbit intends to become Israel’s leading exporter for medical cannabis to legal jurisdictions around the globe. Cannbit’s facility is 10,000 square meters with an additional 13,000 square meters available for expansion and is located in Neot Hakikar, an area well known in the Israeli agricultural community with clear advantages in the cold seasons. Our cultivation is carried out in a sophisticated greenhouse that provides ideal conditions for a variety of cannabis strains. Cannbit’s management is comprised of a group of industry professionals in relevant disciplines.

About Namaste Technologies Inc.

Namaste Technologies is a global leader in the sale of medical cannabis consumption devices. Namaste has nine offices with multiple distribution centers around the globe and operates over 30 websites under various brands. Namaste has developed innovative technology platforms including NamasteMD.com, Canada’s first ACMPR compliant telemedicine application. The company is focused on patient acquisition through NamasteMD and intends on building Canada’s largest database of medical cannabis patients. The company’s subsidiary, CannMart Inc. is an ACMPR Licensed Producer pending receipt of a “sales-only” license, whereby the company will offer a large variety of medical cannabis sourced from domestic and international producers. Namaste will continue to develop and acquire innovative technologies which will provide value to the Company and to its shareholders as well as to the broader cannabis market.

On behalf of the Board of Directors

“Sean Dollinger”

Chief Executive Officer

Direct: +1 (786) 389 9771

Email: [email protected]

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

NamasteTechnologies.com

NamasteMD.com

NamasteVapes.ca

Everyonedoesit.ca

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. Neither the TSX Venture Exchange nor its market regulator has reviewed or approved the contents of this press release.

SOURCE Namaste Technologies Inc.

Namaste $N.ca $NXTTF Signs Services Agreement with Indigenous Canadian Medical Dispensaries (IcMD) to Provide Patient Consultations to Over 1.5 Million Indigenous Community Members Exclusively through NamasteMD $ACB.ca $HIP.ca $WEED.ca $CMED.ca

Posted by AGORACOM-JC at 8:45 AM on Tuesday, July 3rd, 2018

  • Company has signed an exclusive Software Services Agreement (the “Agreement”) with Indigenous Canadian Medical Dispensaries Inc
  • Partnering with IcMD to provide all Indigenous communities across Canada (representing a population of over 1.5 million people) with free access to the Company’s revolutionary telemedicine application and online patient portal, NamasteMD

VANCOUVER, July 3, 2018 – Namaste Technologies Inc. (“Namaste” or the “Company”) (TSXV: N)(FRA: M5BQ)(OTCMKTS: NXTTF) is pleased to announce the Company has signed an exclusive Software Services Agreement (the “Agreement”) with Indigenous Canadian Medical Dispensaries Inc. (“IcMD” or “IcMD.ca”), whereby Namaste is partnering with IcMD to provide all Indigenous communities across Canada (representing a population of over 1.5 million people) with free access to the Company’s revolutionary telemedicine application and online patient portal, NamasteMD. The Company anticipates that this Agreement will drive further patient growth in Namaste achieving its target of acquiring over 50,000 medical cannabis patients by the end of 2018 and 200,000 by the end of 2019.

Under the terms of the Agreement, NamasteMD will provide IcMD with exclusive access to its online platform for Indigenous people across Canada, via both desktop and mobile phone platforms, on both Apple iOS and Android devices. In turn, IcMD has agreed to offer NamasteMD exclusivity for all its online patient consultations across Canada. As part of the Agreement, Namaste will use a unique code for IcMD to track patient acquisition from IcMD’s channels, and will offer medical cannabis, pharmaceutical products, as well as medical devices.

This Agreement represents a significant milestone, as Namaste and IcMD collaborate in providing Indigenous communities across Canada with the right to access medical cannabis. This will be accomplished by offering all community members with free consultations, whereby patients have instant access to doctors or nurse practitioners. Namaste and IcMD believe they can help bridge the gap for Indigenous communities across Canada who are suffering from an overwhelming lack of access to quality healthcare services. Through a platform powered by NamasteMD’s technology, IcMD plans to potentially provide healthcare access to over 1.5 million Indigenous peoples, many of whom currently reside in remote or rural areas, and have little to no access to comprehensive clinic services.

This Agreement embodies Namaste and IcMD’s belief that all Indigenous people across Canada, whether in urban environments or rural communities, should have proper access to healthcare practitioners and medical cannabis.  IcMD’s management team is committed to supporting Indigenous communities and believes NamasteMD will serve as a powerful tool to enhance the lives of many members. Both Namaste and IcMD view this partnership as an incredible opportunity to become leaders in the Indigenous medical cannabis and direct healthcare space by providing people with safe and reliable access to healthcare in their hands.

Namaste views this opportunity as potentially one of the most significant initiatives it has embarked on to date. Once deployed, Namaste believes its platform has the ability to have a significant social impact on Indigenous communities across Canada. Namaste and IcMD are also confident this technology has the ability to catch the attention of Indigenous leaders on a global scale once its effects are observed within the Canadian market. This represents a unique opportunity for both parties to come together and work with Indigenous leaders across the country in helping drive social reform.

At a time when political leaders at all levels of government have acknowledged an impending opioid epidemic, it would appear that there is no better time to implement better access to healthcare. By making it easier and more affordable to access doctors and nurse practitioners, it is believed that this will allow Indigenous members, whose communities have been some of the hardest hit, the ability to make more informed choices under the guidance of a trained professional.

The fact that the Indigenous market and its people have consistently been left out of equal access to healthcare is something Namaste and IcMD are extremely excited to change. Starting with nationwide access to medical cannabis and moving forward to health consultations and treatment plans Namaste & IcMD will truly be putting healthcare in the hands of the people.

Namaste’s wholly owned subsidiary, Cannmart Inc. (“Cannmart”) is a late-stage applicant for a medical cannabis “sales-only” license that will serve to provide a diverse selection of cannabis from preferred cultivation partners and will be integrated with IcMD’s platform through NamasteMD upon receipt of its sales license.

IcMD and Namaste are excited to attend and launch IcMD at the Assembly of First Nation’s 39th General Assembly in Vancouver, BC July 23 to 26, 2018. Namaste and IcMD will be highlighted in a booth at the AFN Circle of Trade. The AFN Circle of Trade provides the opportunity to meet, network and showcase products to over 4,500 key decision makers and influencers from a growing market within the First Nations communities across Canada.

The Assembly of First Nations (AFN) is a national advocacy organization representing First Nation citizens in Canada, which includes more than 900,000 people living in 634 First Nation communities and in cities and towns across the country. http://www.afn.ca/about-afn/

Namaste is pleased to be hosting a special edition Namaste420 Youtube live-stream at 9:00 AM EST on July 3rd, 2018 to discuss the Agreement with IcMD and answer questions. To join the stream please visit the link below;

https://www.youtube.com/watch?v=SOJb-uO-OXg

Management Commentary

Christopher Henry, CEO of IcMD comments: “As a proud member of the MMF I have been consistently involved in Indigenous employment and advancement to towards complete self-sufficiency. For the past 25 years, I have worked closely with and in Indigenous communities across Canada. During that time, I have personally seen the lack of access to almost every service most Canadians take for granted every day. By partnering with Namaste Technologies and NamasteMD we are able to gain access to technology that would allow us to realize our dream of putting healthcare in the hands of the people. This has the potential to change how we provide healthcare to Indigenous communities across Canada and bring them one more step to equality with all Canadians.”

Christopher Henry is a member of the Manitoba Metis Federation and co-owner of WorkingWarriors.ca a national Indigenous Engagement and Employment Company.

Michael Birch, President, and COO of IcMD comments: “I grew up in Garden Hill First Nation. A fly in remote community in Northern Manitoba with over 3000 residents. We didn’t have access to a doctor or nurse or even a healthcare facility at times. To be able to put access to reliable secure healthcare in the hands of our people is a dream I didn’t think would ever happen in my lifetime. By partnering with Namaste and NamasteMD we will finally be able to give all Indigenous people, regardless of location, access to a more equal standard of care.”

Michael Birch is an entrepreneur originally from Garden Hill First Nation. He is owner & President of MBE a Facility Management and Logistics Company for Indigenous communities.

Sean Dollinger, President and CEO of Namaste comments: “We are beyond honored to have partnered with IcMD and their management team who exemplify the nature of Namaste and our core values. We truly believe that our technology will improve the health and well-being of hundreds of thousands of people in Indigenous communities across Canada. The level of accessibility to high-quality healthcare that we will be able to offer has the ability to create a significant social impact to all Indigenous communities. We are proud to be partnered with IcMD’s management team who are deeply committed to this cause.

This Agreement is just the start of what we feel will evolve into a long-term relationship and success in bringing value to the lives of many Indigenous people. While the legalization of recreational cannabis may not be accessible to community members across Canada, Namaste will serve to provide convenient access to medical cannabis in remote areas not yet served by the recreational market.

For IcMD to select Namaste among hundreds of ACMPR Licensed Producers in Canada, speaks volumes as to the value in our technology and we feel privileged to embark on this new and exciting initiative for the betterment of all Indigenous communities and its members. We’d like to thank IcMD’s team, Christopher Henry and Michael Birch for their support and hard work in putting together this exciting partnership.

We’re also pleased to announce the submission of the TSX Venture Form 5G at the close of the market on Friday, June 29th, 2018, and we anticipate commencing our Normal Course Issuer Bid (“NCIB”), whereby the Company will purchase up to 25,308,136 of its common shares, or 8.9% of the “Public Float” (as such term is defined in the TSX-V Corporation Finance Manual).”

About Indigenous Cannabis Medical Dispensaries Inc.

IcMD’s goal is to put reliable and accessible healthcare in the hands of Indigenous people. By working with our relationships created over a lifetime of work in the Indigenous community IcMD will bring medical cannabis to every region of Canada. We believe that the over prescription of pharmaceuticals to our people has had a negative effect on our communities. By offering a natural solution to many common conditions we believe will we be more able to return to our traditional roots. Moving towards health consultations and treatment plans will eventually see IcMD as the nationwide leader in direct Indigenous healthcare equality.

About Namaste Technologies Inc.

Namaste Technologies is a global leader in the sale of medical cannabis consumption devices. Namaste has nine offices with multiple distribution centers around the globe and operates over 30 websites under various brands. Namaste has developed innovative technology platforms including NamasteMD.com, Canada’s first ACMPR compliant telemedicine application. The company is focused on patient acquisition through NamasteMD and intends on building Canada’s largest database of medical cannabis patients. The company’s subsidiary, CannMart Inc. is an ACMPR Licensed Producer pending receipt of   a “sales-only” license, whereby the company will offer a large variety of medical cannabis sourced from domestic and international producers. Namaste will continue to develop and acquire innovative technologies which will provide value to the Company and to its shareholders as well as to the broader cannabis market.

On behalf of the Board of Directors

“Sean Dollinger”

Chief Executive Officer

Direct: +1 (786) 389 9771

Email: [email protected]

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

NamasteTechnologies.com

NamasteMD.com

NamasteVapes.ca

Everyonedoesit.ca

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. Neither the TSX Venture Exchange nor its market regulator has reviewed or approved the contents of this press release.

SOURCE Namaste Technologies Inc.

View original content with multimedia: http://www.newswire.ca/en/releases/archive/July2018/03/c4242.html

Namaste $N.ca $NXTTF Announces Intention to Commence a Normal Course Issuer Bid to Repurchase Up to 10% of its Public Float and Provides a Corporate Update Including Incoming CFO, New Board Director and Consultants $ACB.ca $HIP.ca $WEED.ca $CMED.ca

Posted by AGORACOM-JC at 8:48 AM on Thursday, June 28th, 2018

  • Subject to regulatory approval, it intends to commence a normal course issuer bid 
  • The Company intends to purchase up to 25,308,136 common shares, representing approximately 8.9% of the Company’s issued and outstanding common shares and 10% of the Company’s “public float”

VANCOUVER, June 28, 2018 – Namaste Technologies Inc. (“Namaste” or the “Company”) (TSXV: N)(FRA: M5BQ)(OTCMKTS: NXTTF) is pleased to announce that, subject to regulatory approval, it intends to commence a normal course issuer bid (“NCIB”). The Company intends to purchase up to 25,308,136 common shares, representing approximately 8.9% of the Company’s issued and outstanding common shares and 10% of the Company’s “public float” (as such term is defined in the TSX-V Corporation Finance Manual).

The Company is in the process of appointing Canaccord Genuity Inc. as its broker to conduct the NCIB on its behalf. The NCIB will commence three business days following the TSX-V’s acceptance of the Company’s Notice of Intention to commence the NCIB.

All purchases will be made through the facilities of the TSX-V at market prices and otherwise in accordance with the rules and policies of the TSX-V. All common shares acquired by the Company under the NCIB are being purchased for cancellation.

Namaste’s board of directors believes that, from time to time, the market price of the common shares does not adequately reflect the Company’s underlying value and future prospects and that, at such times, the purchase of the common shares represents an appropriate use of the Company’s financial resources and will enhance shareholder value.

In addition to the NCIB, the Company is pleased to announce the appointment of Kenneth Ngo as the Company’s CFO and the appointment of Fern Glowinsky, president of Merrco Payments Inc. (“Merrco”) to the Company’s board of directors. Namaste has also engaged advisory consultants including Tim Henley and Dr. Paul Neider (DVM) who are focused on launching CBD production for both human and pet consumption in Namaste’s international markets. Additionally, the Company’s board of directors has approved new stock options grants in accordance with the Company’s stock option plan.

CFO Appointment

The Company is also pleased to announce the appointment of Kenneth Ngo as Namaste’s CFO. Kenneth Ngo joined Namaste Technologies Inc. as a corporate controller in April 2018.  He has more than 20 years of experience in finance and has held positions of increasing responsibility in a number of US and Canadian publicly traded companies.  He received his Chartered Accountant designation while working for Deloitte LLP.  Mr. Ngo is a graduate of Simon Fraser University in British Columbia, with a Bachelor of Business Administration degree. He is a member of the Chartered Professional Accountants of Ontario and a U.S. Certified Public Accountant in the state of Colorado.

Mr. Ngo, Namaste CFO comments: “I’m thrilled to being part of an exciting journey. Namaste is a true visionary of technology platforms that is well positioned for significant growth.”

Subsequently, Mr. Philip Van der Berg has submitted his resignation as Namaste CFO and the Company would like to take the opportunity to thank him for his service and wish him best of luck on his future endeavors.

Board Appointment

The Company is pleased to announce the appointment of Fern Glowinsky, CEO of Merrco to its board of directors. Namaste has been a client of Merrco for several years and is proud to have their CEO join the board. Fern Glowinsky joined Merrco in March 2018 following its acquisition of Payfirma Corporation. Merrco and Payfirma are committed to helping established and emerging businesses thrive through access to payments technology. Ms. Glowinsky has extensive payments sector experience, spending 15 years as a senior executive at Moneris, most recently as COO with accountability for enterprise operations, passionately focused on transforming customer experience. In 2016 Ms. Glowinsky joined Cliffside Capital as CEO and Director, managing its investments in the alternative lending sector. Ms. Glowinsky is a graduate of the joint MBA/JD program at Schulich School of Business and Osgoode Hall Law School and holds the ICD.D designation.

Fern Glowinsky, comments: “With Merrco’s dedication to enabling payments in the cannabis sector, I’m extremely excited to be joining Namaste’s board and partnering with Sean, his team and the rest of the board as Namaste continues its mission of innovating cannabis technology solutions globally, while delivering a better user experience.”

Advisory Consultants

Subject to TSX-V approval, Namaste is planning on launching the sale of CBD products in international markets, particularly in the under-serviced markets in the UK and EU and has been working hard to develop new sales channels. As such, Namaste has engaged two consultants, Tim Henley and Dr. Paul Neider who provide valuable resources that will have a direct impact on the success of such endeavors. These two appointments will help Namaste in launching CBD products for both human consumption and for animal applications, as Dr. Neider is a doctor of veterinary medicine and supporter of CBD use to support the well-being of pets and animals.

Tim Henley has spent the last 3 years researching and studying the Cannabinoid space and trends. His research in CBD (Cannabidiol) lead him to become a Director of the UK’s Cannabis Trades Association.  Tim was instrumental in helping organize the early days of the association and its membership. He subsequently stood down to pursue a more radical approach to economic development and cannabis reform. Tim has been actively engaged in working with Namaste to assess the regulatory requirements for the sale of CBD products in the UK and has provided advisory services to both Namaste and its partners in the context of packaging and marketing of CBD products. Tim’s role with Namaste outside of his consultancy will be procuring the highest quality CBD products for the Company’s e-commerce marketplace.

Tim Henley, Namaste’s New Products Manager comments: “I came across Namaste when developing my business. I wanted to sell vaporizers and found Namaste to be a really easy modern company to deal with and set up my own company, Cannablyss Ltd.  I would often talk to Kory Zelickson, co-founder, as I placed my wholesale orders. I am an evangelist for 21st Century Cannabis and its potential to help humanity fix so many of the ills of modern society. Be it the revolution in our understanding of the Endocannabinoid system and how this affects our bodies in so many ways. We need to nourish our minds and bodies with Phyto cannabinoids not pharmaceuticals. The changes I have seen in the industry are nothing compared to what is coming. Namaste is helping to create the future and it’s the most exciting and dynamic company I have ever worked for. Namaste is going to change the world building a sustainable future!!”

Paul Neider is an accomplished veterinarian and serial entrepreneur.  Being the founder of three veterinary hospitals, three other companies, shows Paul’s creativity and ability to diversify into various fields. He is passionate about helping animals (humans too) which carries through to his activities with Namaste.  He will work at a task until perfection and never stops learning. Dedicated, enthusiastic and fun to be around, living with four dogs reminds him to just chase a ball once in a while!

Paul Neider, DVM comments: “The team at Namaste is one of the most innovative and passionate group of entrepreneurs I’ve met in a long time. By joining them I will help expand the company into the very large veterinary/pets market.”

Stock Option Grant

Subject to the terms of the Company’s Stock Option Plan, Namaste’s board of directors has approved the issuance of 2,515,000 options to a number of employees and consultants of the Company. All options are exercisable at a price of $1.32 per common shares for a period of five years. The options will vest in quarterly instalments over a two-year period.

Management Commentary

Sean Dollinger, President and CEO of Namaste comments: “We’re very pleased to announce strengthen Namaste’s corporate governance team by announcing the appointment of Kenneth Ngo as our new CFO and Fern Glowinsky to our board of directors. Both Kenneth and Fern will provide great value to the company in their respective roles. We believe that Namaste is remains in the infancy stage of our development as a technological leader in the global cannabis industry and as such are pleased to announce our intentions to commence a NCIB to buy back and cancel up 10% of the Company’s “public float”. Furthermore, we’re very pleased to bring on Tim Henley and Paul Neider to lead the launch of high-quality CBD products in our platform for both human and animal use. CBD products have been proven effective in treating many conditions and in improving overall health and well-being.

We’d like to take the opportunity to thank everyone for their support and to welcome new members to the team. We are very excited about the future of the Company and look forward to many milestones to come. Namaste is constantly evolving and adapting to the changing landscape of this exciting industry that we are very proud to be a part of.”

About Namaste Technologies Inc.

Namaste Technologies is a global leader in the sale of medical cannabis consumption devices. Namaste has nine offices with multiple distribution centers around the globe and operates over 30 websites under various brands. Namaste has developed innovative technology platforms including NamasteMD.com, Canada’s first ACMPR compliant telemedicine application. The company is focused on patient acquisition through NamasteMD and intends on building Canada’s largest database of medical cannabis patients. The company’s subsidiary, CannMart Inc. is an ACMPR Licensed Producer pending receipt of   a “sales-only” license, whereby the company will offer a large variety of medical cannabis sourced from domestic and international producers. Namaste will continue to develop and acquire innovative technologies which will provide value to the Company and to its shareholders as well as to the broader cannabis market.

On behalf of the Board of Directors

“Sean Dollinger”
Chief Executive Officer
Direct: +1 (786) 389 9771
Email: [email protected]

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

NamasteTechnologies.com
NamasteMD.com
NamasteVapes.ca
Everyonedoesit.ca

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. Neither the TSX Venture Exchange nor its market regulator has reviewed or approved the contents of this press release.

SOURCE Namaste Technologies Inc.

View original content with multimedia: http://www.newswire.ca/en/releases/archive/June2018/28/c3500.html

 

Sean Dollinger, Chief Executive Officer, Direct: +1 (786) 389 9771, Email: [email protected] CNW Group 2018

Namaste $N.ca $NXTTF signs Master Services Agreement with Australian-based YPB to Provide consumer confidence solutions to its customers $ATT.ca $ABCN.ca $ACG.ca $ACB $WEED.ca $HIP.ca

Posted by AGORACOM-JC at 8:36 AM on Wednesday, June 27th, 2018

  • Announced signing of a Master Services Agreement with YPB Group Ltd. (“YPB”)(ASX: YPB), an Australian based product verification and customer engagement company
  • Namaste plans to introduce YPB’s solutions across its network of manufacturers and to Canadian Licensed Producers to bring certainty of authenticity and supply chain transparency to the entire legal cannabis industry globally

VANCOUVER, June 27, 2018 – Namaste Technologies Inc. (“Namaste” or the “Company”) (TSXV: N)(FRA: M5BQ)(OTCMKTS: NXTTF) is pleased to announce signing of a Master Services Agreement (the “Agreement”) with YPB Group Ltd. (“YPB”)(ASX: YPB), an Australian based product verification and customer engagement company. Namaste has identified the need for its global customers to have confidence in the products they are purchasing, and for vendors to have access to granular data on their end-users. As such, Namaste plans to introduce YPB’s solutions across its network of manufacturers and to Canadian Licensed Producers to bring certainty of authenticity and supply chain transparency to the entire legal cannabis industry globally. This coalition furthers Namaste’s agenda in providing leading technology platforms for its global marketplace and in enhancing the user’s experience for its customers.

Namaste is the world’s largest and most comprehensive cannabis-focused e-commerce platform with 32 sites in 20 countries and over 600,000 monthly visits to their e-commerce sites with a database of approximately 1.5 million users. Their fully integrated e-commerce network spans across the globe offering everything from rolling papers to vaporizers. In Canada, Namaste has developed the country’s first telemedicine app, available on iPhone and Android devices which allows patients to connect to doctors or nurse practitioners and have access to a wide range of high-quality cannabis products and services. The shared strategy of this Agreement is to leverage Namaste’s market position with the objective that all vendors on its platform across the entire cannabis supply chain will adopt this technology and mark every product with YPB ProtectCodes to help protect consumers by ensuring the products and services they are purchasing are safe and reliable.

Sean Dollinger, President, and CEO of Namaste comments: “Our extensive tender process identified Australian-based company YPB as being able to deliver the most sophisticated forensic level anti-counterfeit security for brand protection. We are confident YPB’s Secure Supply Chain tracking will enhance trust in the legitimacy and integrity of the vast range of products and services being sold throughout the industry. Namaste has spent years building strong, trusted relationships with vendors in the industry many of whom suffer from having their products counterfeited and sold through unlicensed distributors. Through this partnership, Namaste offers an effective solution to further support our vaporizer and hardware vendors. Additionally, we believe this technology has the ability to revolutionize the sale of cannabis throughout the Canadian market, with the potential for global market penetration. We fully intend on leveraging our relationships with licensed producers with the hope of providing additional value to LP’s and their customers. As the market expands and becomes more competitive we expect to see an increased demand for the adoption and implementation of anti-counterfeit security to ensure all parties involved are adequately protected. We believe YPB is a leader in the space and we are excited to work alongside them to come up with unique solutions for the cannabis industry.

In the last five years, Founder and CEO of YPB, John Houston has seen a notable increase in the number of global eCommerce brands who are looking at how to protect consumers and brand value with YPB’s technology. It is predicted that by 2022, the value of the global counterfeit market will reach $US4.2 Trillion and 5.4 million jobs will be at risk. According to World Health Organization estimates, one million people die each year from counterfeit medicines. Counterfeit is a global issue and brands are increasingly needing to become smarter and look at ways to protect their customers from fakes to mitigate risk to their brand reputation.

The ability to engage directly with customers who have scanned a YPB protected product to confirm authenticity but have not purchased through a Namaste platform will also provide them with valuable market intelligence to know, understand and connect with a greater proportion of the cannabis community more effectively.

John Houston, YPB Executive Chairman comments: “Namaste is a smart, rapidly growing company with powerful competitive advantages and a unique central hub position in the legal cannabis industry. YPB could not find a better partner with whom to participate in the expected rapid growth of cannabis consumption. Namaste’s footprint offers YPB exceptional global access with ease of execution at low cost and its adoption of our technology is recognition of the power of product authenticity to build customer trust, relationships and numbers. This is YPB’s single biggest opportunity yet and we will work closely with Namaste to ensure conversion to real shareholder wealth. I’m also delighted to welcome Namaste onto our share register and the magnification of our mutual interests that it brings.”

ABOUT NAMSTE TECHNOLOGIES

Namaste Technologies is a global leader in the sale of medical cannabis consumption devices. Namaste has nine offices with multiple distribution centers around the globe and operates over 30 websites under various brands. Namaste has developed innovative technology platforms including NamasteMD.com, Canada’s first ACMPR compliant telemedicine application. The company is focused on patient acquisition through NamasteMD and intends on building Canada’s largest database of medical cannabis patients. The company’s subsidiary, CannMart Inc. is an ACMPR Licensed Producer pending receipt of a “sales-only” license, whereby the company will offer a large variety of medical cannabis sourced from domestic and international producers. Namaste will continue to develop and acquire innovative technologies which will provide value to the Company and to its shareholders as well as to the broader cannabis market.

About YPB

Established in Australia in 2011 (listed on the ASX in 2014), YPB is at the centre of the global fight to protect the integrity of brands from commercial losses through highly advanced authentication solutions that enable brands to trigger customer engagement.

On behalf of the Board of Directors

“Sean Dollinger”

Chief Executive Officer

Direct: +1 (786) 389 9771

Email: [email protected]

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

NamasteTechnologies.com

NamasteMD.com

NamasteVapes.ca

Everyonedoesit.ca

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. Neither the TSX Venture Exchange nor its market regulator has reviewed or approved the contents of this press release.

SOURCE Namaste Technologies Inc.

View original content with multimedia: http://www.newswire.ca/en/releases/archive/June2018/27/c3887.html

Sean Dollinger, Chief Executive Officer, Direct: +1 (786) 389 9771, Email: [email protected] CNW Group 2018

Namaste $N.ca $NXTTF enters into distribution agreement with Lowell Herb Co California’s fastest growing #cannabis brand to penetrate the Canadian recreational market $ACB.ca $HIP.ca $WEED.ca $CMED.ca

Posted by AGORACOM-JC at 9:44 AM on Wednesday, June 6th, 2018

Namaste Technologies (CNW Group/Namaste Technologies Inc.)

  • Company has signed a supply and distribution agreement with Lowell Herb Co.
  • To launch Lowell Smokes brand of ultra-premium cannabis products for the Canadian recreational and medical cannabis markets
  • Agreement represents a strategic partnership between Namaste and Lowell Smokes to leverage Namaste’s resources and Lowell’s international brand appeal

VANCOUVER, June 6, 2018Namaste Technologies Inc. (“Namaste” or the “Company”) (TSXV: N)(FRA: M5BQ)(OTCMKTS: NXTTF) is pleased to announce that the Company has signed a supply and distribution agreement (the “Agreement”) with Lowell Herb Co. (“Lowell Smokes” or “lowellsmokes.com”) to launch Lowell Smokes brand of ultra-premium cannabis products for the Canadian recreational and medical cannabis markets. In anticipation of Canada’s roll-out of legal recreational cannabis, the Agreement represents a strategic partnership between Namaste and Lowell Smokes to leverage Namaste’s resources and Lowell’s international brand appeal. Namaste will work with Lowell Smoke’s procurement team to source the highest quality cannabis grown with organic methods and facilitate packaging and distribution through the Company’s wholly-owned subsidiary, Cannmart Inc. (“Cannmart”). Namaste anticipates a strong demand for organic cannabis products as the general consumer market becomes more conscious of the products they consume.

California is considered by many to be the most competitive cannabis brand market in the world. Lowell Smokes has established itself as one of the strongest brand names in California and within the entertainment industry and its ties to Hollywood have played a key role in supporting the brand and making it ideally suited for international expansion. In a recent BDS Analytics report, Lowell Smokes ranked as the #1 pre-roll brand in California amongst over 50 other brands listed, with an impressive 12% market share. Lowell Smokes is in over 250 top dispensaries across the entire state of California. With celebrities like N.O.R.E, Snoop Dogg, Jimmy Kimmel, Sarah Silverman, Bella Thorne, Bria Vinaite, Sasha Lane and dozens of others talking about the brand and posting content on social media, this Agreement will bring great value to Namaste and its shareholders.

With the impending roll-out of recreational cannabis in Canada, the Company believes that over time, the commoditization of Cannabis will require companies to become more innovative in branding and marketing to differentiate themselves. Namaste will continue to pursue strategic partnerships where the Company can leverage their e-commerce and technology platform to provide value to brands like Lowell Smokes.

Terms of the Agreement

  • Namaste will secure supply of high-quality cannabis and produce Lowell Smoke’s branded products on-site at Cannmart.
  • Lowell Smokes will provide packaging and branding guidelines, in compliance with Health Canada regulations.
  • Lowell Smokes will pay a monthly rental fee that will include storage and overhead costs to Cannmart.
  • Lowell Smokes will pay Namaste a 5% royalty fee for all wholesale orders sold through Cannmart.
  • Lowell Smokes will provide Namaste with wholesale prices for non-cannabis products that will be sold through Namaste’s e-commerce platform.

MANAGEMENT COMMENTARY

David Elias, President and CEO of Lowell Herb Co comments; “We are thrilled to announce our partnership with Namaste. Lowell Herb co is the fastest growing cannabis brand in California, and we believe that there is a massive opportunity for our brand internationally.  Working with Namaste, we are confident that they are the perfect partner to help us enter the Canadian market.  They have a unique offering, and they are solid operators with deep domain expertise in eCommerce.”

Sean Dollinger, President and CEO of Namaste Technologies comments; “We believe the strength of the Lowell Smokes brand makes it a perfect brand to be distributed globally. We have seen the sales data in California, the largest and most competitive market in the US, and it’s clear that customers love and adore the Lowell brand. We feel confident that the market for organic cannabis products will play an important role for Canadian consumers and that the timing is perfect for Namaste to not only help the team at Lowell take advantage of the opportunity in Canada but also to help them explore the international marketplace.

When we created the platform, our primary focus was on enhancing the customer experience and we built it with brands like Lowell Smokes in mind. We have been long-time fans of the Lowell Smokes brand and we are excited for them to be our first American brand on the platform, as we look to bring our customers the very best products the cannabis market has to offer. We believe expanding our offering will broaden our customer base and help set us apart from our competitors.”

About Lowell Herb Co.

The Lowell Herb Co is the fastest growing, most talked about cannabis brand in California and its signature product, Lowell Smokes, a pack of pre-rolls, is currently the number one selling cannabis product in California, available in over 250 dispensaries and for delivery statewide through their partnership with Eaze.  Lowell cultivates, and sources flowers grown with only organic fertilizer, never using synthetic pesticides. Vanity Fair recently described Lowell as “The California family of farms that grows organic cannabis for green-minded consumers who value premium goods and sophisticated design.”  Lowell has been featured in major media outlets including Cosmopolitan, High Times, NPR, Time Out LA, CBS News, Huffington Post, and many others.

For more information on Lowell Herb Co please visit

http://www.lowellsmokes.com/

About Namaste Technologies Inc.

Namaste Technologies is a global leader in the sale of medical cannabis consumption devices. Namaste has nine offices with multiple distribution centers around the globe and operates over 30 websites under various brands. Namaste has developed innovative technology platforms including NamasteMD.com, Canada’s first ACMPR compliant telemedicine application. The company is focused on patient acquisition through NamasteMD and intends on building Canada’s largest database of medical cannabis patients. The company’s subsidiary, CannMart Inc. is an ACMPR Licensed Producer pending receipt of a “sales-only” license, whereby the company will offer a large variety of medical cannabis sourced from domestic and international producers. Namaste will continue to develop and acquire innovative technologies which will provide value to the Company and to its shareholders as well as to the broader cannabis market.

For more information on Namaste Technologies please visit

NamasteTechnologies.com

On behalf of the Board of Directors

“Sean Dollinger”

Chief Executive Officer

Direct: +1 (786) 389 9771

Email: [email protected]

Investor Relations: [email protected]

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

NamasteTechnologies.com

NamasteMD.com

NamasteVapes.ca

Everyonedoesit.ca

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. Neither the TSX Venture Exchange nor its market regulator has reviewed or approved the contents of this press release.

Lowell Herb Co (CNW Group/Namaste Technologies Inc.)

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/namaste-enters-into-distribution-agreement-with-lowell-herb-co-californias-fastest-growing-cannabis-brand-to-penetrate-the-canadian-recreational-market-300660669.html

SOURCE Namaste Technologies Inc.

Namaste $N.ca Announces Updates to NamasteMD Patient Acquisition Portal and Appointment of Baran Dilaver as Interim COO $ACB.ca $HIP.ca $WEED.ca $CMED.ca

Posted by AGORACOM-JC at 9:00 AM on Monday, May 14th, 2018

Namaste large new

  • Announced the integration of several critical updates to the Company’s online patient acquisition tool, NamasteMD Inc.
  • Company’s revolutionary mobile app, which is available on desktop, Apple IOS and Android devices, has allowed Namaste to accelerate patient growth at a rate that exceeds any industry peers and at significantly lower cost per patient

VANCOUVER, British Columbia, May 14, 2018 – Namaste Technologies Inc. (“Namaste” or the “Company”) (TSXV:N) (FRANKFURT:M5BQ) (OTCMKTS:NXTTF) is pleased to announce the integration of several critical updates to the Company’s online patient acquisition tool, NamasteMD Inc. (“NamasteMD”). NamasteMD, which is the Company’s revolutionary mobile app, which is available on desktop, Apple IOS and Android devices, has allowed Namaste to accelerate patient growth at a rate that exceeds any industry peers and at significantly lower cost per patient. NamasteMD is presently ranked as the #2 Medical application in the Canadian Apple Store. NamasteMD provides a simple digital platform for patients to acquire medical cannabis documentation from the comfort of their home. Since its initial launch, the Company has acquired over 2,000 patients exclusively through organic growth without any paid advertising. The Company believes that the recent updates to the app will allow Namaste to fully deploy its marketing strategy and accelerate growth in what the Company believes will soon be Canada’s largest database of medical cannabis patients.

With this release patients now have a more streamlined and reliable video experience, enabled by our trusted partner Twilio. This release also includes stability and performance improvements, including a fix for a bug that was preventing a small percentage of our users from logging in. The Company will focus on continued updates to increase the acceleration rate of its patient database through organic and paid advertising channels.

Additionally, the Company would like to announce that co-founder Kory Zelickson is transferring roles to become Vice President of Business Development and Investor Relations, and that Baran Dilaver will be appointed as the Company’s interim Chief Operating Officer. With the Company’s rapid expansion, Kory will focus on the growth of the Company in the areas of business development, strategic partnership and in investor relations and hand-off operations to Baran Dilaver, who has many years of experience in operations. This strategic decision will allow both Kory and Baran to excel in each of their respective areas to further propel the growth of the Company. Mr. Baran Dilaver has extensive experience in running companies and for the past three months, Baran Dilaver has been focused on improving Namaste’s operations and organizing its various business divisions. The Company welcomes Baran in joining as Interim COO and believes that these changes will provide further value to its shareholders. Upon his appointment, Baran Dilaver commented: “I am thrilled to have such a critical role in shaping Namaste’s future, and I am in a great position to lead the recruitment of a world class COO to hand over some of the initiatives I started here with the operations and finance teams.”

About Baran Dilaver

Baran is an entrepreneur, creator, and an accomplished executive.  He launched several well-known brands worldwide and conceived and developed over 80 products.  Baran is the founder of FutureScape, a technology focused product design and branding company and recently, as the COO and CMO at Firefly Vapor, he created and implemented business strategies that established Firefly as one of the most admired brands in the cannabis industry.  Prior to Firefly, Baran Dilaver was the CEO of United Brands, a leading food technology company based out of San Francisco. He is a speaker in conferences like Tech Open Air Berlin, CannaTech, and European Communications Summit.  He was a scholar athlete at UC Berkeley and studied Economics.  He loves kitesurfing and snowboarding around the world and building large-scale art installations at Burning Man.

Management Commentary

Sean Dollinger, President and CEO of Namaste comments; “We’re very pleased to have had major updates approved to the NamasteMD platform. I believe that NamasteMD provides the Company with a competitive edge in being the first company in Canada to fully digitize patient acquisition. At a cost of only $60 per patient, Namaste is able to acquire patients at a much lower cost than our peers who require the use of physical clinics or doctors to acquire patients. In a very short period of time we have managed to acquire over 2,000 patients organically with zero spend on marketing or promotion. At this point of the business cycle we now feel that the platform is ready for full launch and anticipate an even more significant acceleration of growth over the next several months through a strategic marketing campaign.

Additionally, I’m very pleased to have Kory focus on his areas of expertise in business development and investor communications where he brings major value to the Company. We have been continuously growing as a company and Kory has filled in as COO, but we have now decided to have each team member focus exclusively in their areas of expertise. The investor relations and business development role is very important to the Company and Kory is best fit for this role. We are also very pleased to be bringing on Baran Dilaver as interim COO who has many years of experience in the industry and as someone who has developed a deep level of understanding of Namaste’s global operations. Moving forward we are in a prime position to leverage an amazing management team and innovative technology to advance as a global leader in all things cannabis.”

About Namaste Technologies Inc.

Namaste Technologies is a global leader in the sale of medical cannabis consumption devices. Namaste has nine offices with multiple distribution centers around the globe and operates over 30 websites under various brands. Namaste has developed innovative technology platforms including NamasteMD.com, Canada’s first ACMPR compliant telemedicine application. The company is focused on patient acquisition through NamasteMD and intends on building Canada’s largest database of medical cannabis patients. The company’s subsidiary, CannMart Inc. is an ACMPR Licensed Producer with a “sales-only” license, whereby the company will offer a large variety of medical cannabis sourced from domestic and international producers. Namaste will continue to develop and acquire innovative technologies which will provide value to the Company and to its shareholders as well as to the broader cannabis market.

On behalf of the Board of Directors

“Sean Dollinger”

Chief Executive Officer

Direct: +1 (786) 389 9771

Email: [email protected]

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

NamasteTechnologies.com

NamasteMD.com

NamasteVapes.ca

Everyonedoesit.ca

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 TSXV has neither reviewed nor approved the contents of this press release.

Namaste $N.ca $NXTTF Signs Exclusive Drop-Shipping Agreement With Ample Organics Enabling Ample’s Licensed Producer Customers to Sell Vaporizers and Accessories $ACB.ca $HIP.ca $WEED.ca $CMED.ca

Posted by AGORACOM-JC at 9:49 AM on Monday, May 7th, 2018

  • Signed an exclusive drop-shipping supply agreement with Ample Organics Inc.
  • Ample Organics is Canada’s leading seed-to-sale software platform, currently used by the majority of Canada’s licensed producers of medical cannabis
  • Namaste will connect its cannabis hardware and accessory platform via API integration with Ample Organics’ system

VANCOUVER, British Columbia, May 07, 2018 — Namaste Technologies Inc. (“Namaste” or the “Company”) (TSXV:N) (FRA:M5BQ) (OTCMKTS:NXTTF) is pleased to announce that the Company has signed an exclusive drop-shipping supply agreement (the “Agreement”) with Ample Organics Inc. (“Ample Organics”). Ample Organics is Canada’s leading seed-to-sale software platform, currently used by the majority of Canada’s licensed producers of medical cannabis (“LPs”). Under the terms of the Agreement, Namaste will connect its cannabis hardware and accessory platform via API integration with Ample Organics’ system. This will allow each of Ample Organics’ LP customers to have instant access to a large variety of devices and accessories available for purchase during checkout. The Agreement will provide added value for Ample Organics customers by offering their patients industry-leading products. Namaste is proud to have this unique opportunity in partnering with Canada’s most innovative seed-to-sale software company and this Agreement clearly demonstrates Namaste’s continued focus on achieving technological development for the cannabis industry.

Key Terms of the Agreement

  • Namaste will supply Ample Organics customers with access to the Company’s full range of vaporizers and accessories through an API integration, as the exclusive drop-shipping supplier to Ample Organics.
  • Namaste will have first right of refusal to supply new products as requested by Ample Organics, or its customers, for drop-shipping through the API integration.
  • In the event that Namaste decides not to carry a new product or cannot source such product within 30 days, Ample Organics will be granted the right to offer the new product using drop-shipping through a 3rd party supplier.
  • Each order will be submitted electronically via API integration that will also provide live access to tracking information, inventory and shipping data.
  • Namaste will be responsible, at its cost for all product support, returns and warranty claims.
  • Unless Namaste advises otherwise, solely due to pricing restrictions from the product manufacturers, Ample Organics and its customers shall agree to set the prices for the Products at a Minimum Advertised Price (MAP), to be specified by Namaste for each product.

Namaste’s partnership with Ample Organics represents a unique opportunity to provide virtually hundreds of thousands of medical cannabis patients with access to a variety of high-quality vaporizers, which research has shown is a far superior and healthier way to consume medical cannabis. This agreement further demonstrates Namaste’s commitment to the medical cannabis patients of Canada, and in ensuring that they have easy and affordable access to the best cannabis hardware products on the market.

The Agreement represents an important step for Namaste and is accretive in nature, as it will provide immediate, low-overhead revenue for both Namaste and Ample Organics. The Company will now focus its efforts on completing the integration with Ample Organics as soon as possible and will continue to explore further opportunities that have the potential to bring value to Namaste, its partners, and the entire cannabis market.

Management Commentary

John X. Prentice, President and CEO of Ample Organics comments; “This partnership represents a substantial value-add for Ample Organics’ clients and their patient customers. It will simplify inventory management and fulfillment for LPs, while ensuring that medical cannabis patients across the country have access to a substantial catalogue of vaporizers and cannabis accessories at great prices. We are excited to continue the development of our relationship with Namaste and look forward to advancing the industry in new and innovative ways together.”

Sean Dollinger, President and CEO of Namaste comments; “We are very proud to be partnered with Ample Organics on this project. It’s been very rewarding to collaborate with the management team, on what we believe is an important initiative for all those involved, most importantly of which are the medical cannabis patients of Canada. We are incredibly excited to be associated with Ample Organics and to have the opportunity to provide healthier, more affordable options for medical patients to consume cannabis. Our commitment to developing a platform with easily accessible products and services for the cannabis industry is what inspired the opportunity to work with Ample Organics. We’re looking forward to completing the integration and to further enhancing the patient experience.”

About Ample

Ample Organics is Canada’s leading cannabis business solution, adopted by 75% of the nation’s Licensed Producers. To date, the Ample Organics platform has processed more than 880,000 orders and 16,000,000 grams of cannabis. Ample Organics makes compliance easy by tracking individual plants from seed to consumer and reporting every detail of the growth, production, and sales processes. With Ample Organics, data is collected at the most granular levels, offering insights that can drive business decisions and help to protect public safety. Beyond seed to sale, Ample Organics’ extended suite of products creates a complete ecosystem for cannabis businesses. From easy patient registration to cannabis-exclusive payment solutions, Ample Organics continues to evolve and release new products to provide reliable and compliant solutions for the cannabis industry.

About Namaste Technologies Inc.

Namaste Technologies is a global leader in the sale of medical cannabis consumption devices. Namaste has nine offices with multiple distribution centers around the globe and operates over 30 websites under various brands. Namaste has developed innovative technology platforms including NamasteMD.com, Canada’s first ACMPR compliant telemedicine application. The company is focused on patient acquisition through NamasteMD and intends on building Canada’s largest database of medical cannabis patients. The company’s subsidiary, CannMart Inc. is an ACMPR Licensed Producer with a “sales-only” license, whereby the company will offer a large variety of medical cannabis sourced from domestic and international producers. Namaste will continue to develop and acquire innovative technologies which will provide value to the Company and to its shareholders as well as to the broader cannabis market.

On behalf of the Board of Directors,

Sean Dollinger
Chief Executive Officer
Direct: +1 (786) 389 9771
Email: [email protected]

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

namastetechnologies.com
namastevapes.ca
everyonedoesit.ca
namastevaporizers.co.uk
everyonedoesit.co.uk
australianvaporizers.com.au

For more information about Ample Organics, please visit ampleorganics.com or contact:
Peter Slater
VP, Corporate Development
Direct: +1 (416) 262-4175
Email: [email protected]

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 harbour provisions of the Private Securities Litigation Reform Act of 1995. The Canadian Securities Exchange has neither reviewed nor approved the contents of this press release.

Namaste $N.ca Acquires #Findify, a Leading A.I. and Machine Learning Company, to Increase Conversion Rates, Average Order Value, Retention and Referrals $ACB.ca $HIP.ca $WEED.ca $CMED.ca

Posted by AGORACOM-JC at 11:06 AM on Wednesday, May 2nd, 2018

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  • Company executed a definitive agreement to acquire all of the issued and outstanding shares of Findify AB
  • purchase price of US $12,000,000 in a combination of cash and common shares of the Company
  • Findify is a global leader in A.I. powered e-commerce personalization, delivering solutions such as personalized search, recommendations, and advanced data analytics

VANCOUVER, British Columbia, May 02, 2018 – Namaste Technologies Inc. (“Namaste” or the “Company”) (TSX-V:N) (FRA:M5BQ) (OTCMKTS:NXTTF) is pleased to announce that on May 1, 2018 the Company executed a definitive agreement to acquire (the “Acquisition”) all of the issued and outstanding shares of Findify AB (a Swedish corporation, “Findify”), for a purchase price of US $12,000,000 in a combination of cash and common shares of the Company. Findify is a global leader in A.I. powered e-commerce personalization, delivering solutions such as personalized search, recommendations, and advanced data analytics. Among its customers are Nine West, PLV Shoes, and Rocketdog.

Management expects the integration of Findify’s proprietary technology to increase monetization and propel revenue growth in both cannabis and hardware sales. In addition to anticipated growth in Namaste’s core business, the Company will allocate resources to expand on Findify’s existing platform and expects this to result in increased EBITDA by the end of 2019. Namaste also anticipates accelerating patient growth through its wholly owned subsidiary and Canada’s first fully-compliant online patient portal, NamasteMD Inc. (“NamasteMD” or “NamasteMD.com”). By implementing Findify’s technology in applications of patient acquisition, conversion rates, order value and customer retention, the Company expects to reach 50,000 medical cannabis patients by the end of 2018 and up to 100,000 by the end of 2019.

Findify’s platform which is used by leading e-commerce websites, including Namaste, uses proprietary real-time machine learning algorithms to build unique user profiles, and deliver a personalized experience for each user. The platform continuously learns from user behavior to automatically improve search results, recommendations, and product landing pages, displaying the most relevant products at any given time. It identifies product trends and, in combination with an analysis of unique customer behavior, ranks products in a way to optimize revenue, conversion rates and average order value. Based on the Bank of Canada’s exchange rate on May 1, 2018, Findify’s annual 2017 revenue was $503,170 and its first quarter 2018 revenue was $198,211.

Key terms of the Acquisition:

  • Namaste will acquire all issued and outstanding shares of Findify in exchange for:
    • US $2,000,000 in cash to be paid upon the closing date of the transaction.
    • US $10,000,000 to be paid in common shares of Namaste at a mutually agreed price of C$1.80 per common share.

Key designated employees of Findify will be remaining with the company after the completion of the acquisition.

The acquisition of Findify brings an incredible amount of value to the Company in applications related to the online retail of medical cannabis. Namaste recognizes this as a unique opportunity to offer medical cannabis patients an even more personalized experience. The acquisition of Findify will reinforce Namaste’s goal of becoming the global leader in cannabis technology solutions by further expanding its innovative e-commerce platform and enhancing the user experience for cannabis patients globally.

In addition, the acquisition of Findify creates a new revenue stream for the Company in the field of artificial intelligence and data analytics. Namaste will continue to operate and expand on Findify’s existing platform and client portfolio.  Namaste anticipates rapid expansion of its technology licensing business.

Management Commentary

Meni Morim, Founder and CEO of Findify comments: “The Findify team is very excited to join the Namaste family, and take part in revolutionizing the online cannabis domain. The team brings years of experience, having built a unique machine learning platform that leverages user behavior, to deliver a personalized e-commerce experience across touchpoints, with a focus on search & discovery. We believe that Namaste’s strong positioning in the market will enable us to take advantage of this technology in the best possible way, and deliver immediate value to customers and shareholders – by buildings the world’s first fully integrated A.I. platform for cannabis.

Having built a relationship with Namaste as a client over the past two years, we found that we share many of the same core values, work ethic, and passion for building products that people love. We’re confident that the merging of our teams will enable us to continue innovating in this fast-paced, growing industry.”

Laurens Feenstra, Director of Namaste, an A.I. expert, and Product Manager for Google Waymo comments: “I am super excited for the talented team of Findify to join Namaste! Their leading machine learning models have already made Namaste much better at recommending the right products to our customers. And, even more importantly, we are thrilled to apply their deep A.I. expertise to cannabis. There are approximately 800 identified strains of cannabis each with hundreds of active ingredients, meaning each plant works differently for each person. Understanding which plant works for whom will be key in helping cannabis benefit everyone.”

Sean Dollinger, President and CEO of Namaste comments: “We’re very pleased to announce the acquisition of Findify. This is a very exciting opportunity for Namaste to forge new ground in the cannabis industry by introducing what we believe to be the most innovative technology for on-site personalization. Moving forward we believe global cannabis patients will demand a more customized online experience, as products and services in the cannabis industry continue to grow exponentially. Having worked with Findify as a client, we have witnessed excellent results through the implementation of their technology and believe strongly in the quality of their management team. Based on the success we have seen in the utilization of similar technology in other industries, we are extremely excited and optimistic to become the first company to introduce this incredible technology into the cannabis market and further enhance the online experience for cannabis patients.

Our vision for the Company in becoming a global leader in medical cannabis technology is evident from the addition of our new board members coming from Google and SpaceX, industry leaders in the areas of machine learning and A.I. that chose to join Namaste’s team. Furthermore, this acquisition represents a major milestone for Namaste in solidifying itself as one of the most innovative technology companies in the cannabis industry.”

About Findify AB

Findify is a leader in e-commerce machine learning applications, with over 1200 customers in more than 60 countries around the world. Findify has developed a unique machine learning core, that leverages user behaviour, to personalize online experiences in real-time. Findify’s machine learning technology has been proven to deliver up to 27% uplift in conversion rate, and up to 30% uplift in revenue per user.

Findify is an official Shopify Plus Technology Partner, recognized as a “Best-In-Class Solution” for modern, rapidly growing e-Commerce businesses.

About Namaste Technologies Inc.

Namaste Technologies is a global leader in the sale of medical cannabis consumption devices. Namaste has nine offices with multiple distribution centers around the globe and operates over 30 websites under various brands. Namaste has developed innovative technology platforms including NamasteMD.com, Canada’s first ACMPR compliant telemedicine application. The company is focused on patient acquisition through NamasteMD and intends on building Canada’s largest database of medical cannabis patients. The company’s subsidiary, CannMart Inc. is an ACMPR Licensed Producer with a “sales-only” license, whereby the company will offer a large variety of medical cannabis sourced from domestic and international producers. Namaste will continue to develop and acquire innovative technologies which will provide value to the Company and to its shareholders as well as to the broader cannabis market.

On behalf of the Board of Directors

“Sean Dollinger”
Chief Executive Officer
Direct: +1 (786) 389 9771
Email: [email protected]

Further information on Namaste and its products can be accessed through the links below:
namastetechnologies.com
namastevapes.ca
everyonedoesit.ca
namastevaporizers.co.uk
everyonedoesit.co.uk
australianvaporizers.com.au

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 harbour provisions of the Private Securities Litigation Reform Act of 1995. Neither the TSX Venture Exchange nor its market regulator has reviewed or approved the contents of this press release.

Namaste $N.ca Signs Non-Binding LOI to Acquire Up to 25% Equity in Leading Same-Day Cannabis Delivery Service Pineapple Express Delivery Inc $ACB.ca $HIP.ca $WEED.ca $CMED.ca

Posted by AGORACOM-JC at 9:30 AM on Wednesday, April 25th, 2018

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  • Signed a non-binding letter of intent with Pineapple Express Delivery Inc.
  • Namaste will invest $1,000,000 to acquire 15% of the share capital of Pineapple Express and:
  • Obtain a right of first refusal to purchase an additional 10% of the share capital for an additional $1,200,000

VANCOUVER, British Columbia, April 25, 2018 – Namaste Technologies Inc. (“Namaste” or the “Company”) (CSE:N) (FRA:M5BQ) (OTCMKTS:NXTTF) is pleased to announce that it has signed a non-binding letter of intent (“LOI”) with Pineapple Express Delivery Inc. (“Pineapple Express”), whereby Namaste will invest $1,000,000 to acquire 15% of the share capital of Pineapple Express and obtain a right of first refusal to purchase an additional 10% of the share capital for an additional $1,200,000.

Pineapple Express currently operates a same-day delivery service for medical cannabis and expects to expand across Canada. Pineapple Express’ management team have a proven track record of launching cross-country same-day delivery services, having sold a previous same-day delivery venture to Just Eat Canada.

The proposed agreement will allow Namaste and Pineapple Express to expand on Pineapple Express’ existing same-day delivery service for medical cannabis platform to provide same-day delivery of medical cannabis across Canada. Namaste intends to assist with the development and marketing of Pineapple Express’ brand and in the optimization of its existing software platform. Namaste will also look to leverage its international exposure and offer Pineapple Express’ fully-integrated software application to international cannabis licensed producers.

The Company along with Pineapple Express will retain exclusive rights to use the Pineapple Express software platform in North America, and Namaste will hold the rights to use the software platform internationally. Pineapple Express has also signed an LOI with Canada’s leading seed-to-sale platform, Ample Organics Inc., to offer same-day delivery to its customers.

Terms of the LOI

  • Namaste will make an initial capital investment of $1,000,000 for 15% of the share capital of Pineapple Express. The initial capital investment will be comprised of $850,000 in cash and $150,000 in Namaste common stock, subject to exchange approval.
  • Namaste will receive a right of first refusal to acquire an additional 10% interest in Pineapple Express for $1,200,000 for 14 months following the closing date of the definitive agreement. This payment would be comprised of $780,000 in cash and $420,000 in Namaste common stock, subject to exchange approval.
  • Namaste will reserve for issuance up to 150,000 common share options (the “Options”) to be issued to Pineapple Express and/or its officers pursuant to consulting agreements entered into on execution of the definitive agreement. The Options will vest on a quarterly basis. Namaste will reserve up to 150,000 Options for issuance each year to Pineapple Express and/or its officers for so long as they have consulting agreements with Namaste.
  • Namaste and Pineapple Express will jointly hold the exclusive rights to Pineapple Express’ software and technology in North America. Namaste will solely hold the exclusive worldwide rights outside of North America to use Pineapple Express’ software and have a right to sublicense.

Management Commentary

Randy Rolph, President and CEO of Pineapple Express: “we are excited by the prospect of partnering with Namaste, as I see this as an excellent fit for both companies. Namaste has built an excellent reputation within the medicinal cannabis industry and has focused on expanding its services so that its customers benefit from a wider array of product offerings. As an extension of these efforts, we believe that our company can ensure their customers get a secure delivery of these products within a very quick turnaround from time of order. Through other businesses, we have successfully offered fast product delivery options for over 10 years across Canada, including same day as well as deliveries in less than one hour. We are familiar with the issues and most importantly the solutions to bring similar levels of service to the medicinal cannabis industry. Customer service has always been our main focus and what has driven the success of our business. We look forward to offering this same level of service to all customers.”

Sean Dollinger, President and CEO of Namaste comments: “We are very pleased to have signed this LOI to acquire shares of an amazing company offering a unique service with a proven record of success. As the cannabis market continues to grow, so too has the competitiveness among our industry peers looking to expand their market share. We believe that our ability to offer same-day delivery service for medical cannabis will provide a competitive edge to the Company in terms of offering an incredible buying experience for our patients. Namaste’s mandate from the outset has been focused on providing patients with unparalleled customer service. This transaction reaffirms our team’s ability to identify shortcomings within the cannabis industry, seek viable solutions, and then explore opportunities that aim to further enhance our patient’s experience. We believe this transaction will not only help Namaste attract new patients, but more importantly, it will help us retain patients who see value in the services we provide. We look forward to working with Pineapple Express’ management team and to grow its business and expand internationally. We are very grateful for this opportunity and look forward to cultivating a strong partnership together.”

About Pineapple Express Delivery Inc.

Pineapple Express’ management team has over 10 years of experience offering same-day 60-minute delivery services in multiple industries across Canada, and has successfully integrated with Ample Organics Inc., Canada’s leading seed-to-sale medical cannabis software platform. Pineapple Express offers a personalized experience for its customers and has established in depth security and delivery protocols to facilitate same-day delivery of medical cannabis across the country. Pineapple Express is dedicated to providing patients with a fully integrated, simple to use, same-day delivery platform which it believes brings great value to medical patients across the country. For more information visit: www.pineappleexpressdelivery.ca

About Namaste Technologies Inc.

Namaste is the largest online retailer for medical cannabis delivery systems globally. Namaste distributes vaporizers and smoking accessories through 24 e-commerce sites in 20 countries and with distribution hubs located around the world. Namaste has majority market share in Europe and Australia, with operations in the UK, Canada and Germany and has opened new supply channels into emerging markets including Brazil, Mexico and Chile. Namaste, through its acquisition of Cannmart Inc., a Canadian based late-stage applicant for a medical cannabis sales license (under the ACMPR Program) is pursuing a new revenue vertical in online retail of medical cannabis in the Canadian market. Namaste intends to leverage its existing database of Canadian medical cannabis consumers, along with its expertise in e-commerce to create an online marketplace for medical cannabis patients, offering a larger variety of product and a better user experience.

On behalf of the Board of Directors

“Sean Dollinger”

Chief Executive Officer

Direct: +1 (786) 389 9771

Email: [email protected]

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

namastetechnologies.com

namastevapes.ca

everyonedoesit.ca

namastevaporizers.co.uk

everyonedoesit.co.uk

australianvaporizers.com.au

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 harbour provisions of the Private Securities Litigation Reform Act of 1995. The Canadian Securities Exchange has neither reviewed nor approved the contents of this press release.