Namaste UP 12% On Big News – Namaste Technologies Inc. (“Namaste” or the “Company”) (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) today announced that CannMart has received a purchase order for pre-rolled cannabis products from the BC Liquor Distribution Branch (LDB) to cater to the Province of British Columbia. The LDB is the sole wholesale distribution and public retailer of non-medical cannabis in B.C. Namaste’s pre-roll products will be available to purchase at licensed private retail stores, and online and in-store at government-run B.C. Cannabis Stores.
Namaste Technologies Inc. (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) (CNW Group/Namaste Technologies Inc.)
“This is a major milestone for Namaste as it is the first order that we have received from a government agency,” said Meni Morim, CEO of Namaste Technologies Inc. “Our unique positioning with Cannmart which enables us to offer a selection of products from multiple licensed producers, some of which may only have a cultivation license, allows provincial distributors the opportunity to purchase a diversified inventory all in one place. Today’s announcement also signifies the expansion of our business model to include new markets where, as a marketplace, we can add value and best connect buyers and sellers.”
Namaste is in discussions with multiple provincial government agencies in an effort to further expand its customer base, leveraging its unique license, streamlined purchasing process, and diverse product selection through one location.
About Namaste Technologies Inc.
With headquarters in Toronto, ON, and offices in both B.C. and around the globe, Namaste Technologies is the world’s leading online platform for cannabis products, accessories, and responsible education. The company’s ‘everything cannabis store’, CannMart.com, provides customers with a diverse selection of hand-picked products from a multitude of federally-licensed cultivators.
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