~CannMart marketplace growing with CannTx Life Sciences products~
Toronto, Ontario, Canada – September 26, 2019 Namaste Technologies Inc. (“Namaste” or the “Company”) (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) today announced that CannMart has signed sales and marketing agreements with CannTx Life Sciences Inc. (“CannTx”) to launch and sell their flagship medical brand, BOWER, under CannMart’s consignment sales model. As an additional value-added service, CannMart will process and package BOWER products through its Health Canada-licenced processing facility. This allows CannMart to provide direct to consumer medical sales through CannMart.com and leverage its licence and approved facility to partner with licenced producers (“LPs”) in a more meaningful way.
“CannMart is expanding its products and services to grow its online marketplace of quality products and demonstrate an additional value proposition to LPs,” said Meni Morim, CEO of Namaste. “We’re adding new services and sales channels for LPs who are licensed for cultivation only and those companies who have yet to receive regulatory approval for their sales and distribution licenses.”
“We’ve chosen CannMart to launch our online sales of quality cannabis products based on their unique value proposition,” said Mike Abbott, President & Co-Founder of CannTx. “We have high quality products and we believe this new channel for us will help alleviate some previous barriers to market.”
CannTx products are available on CannMart’s website effective immediately.
About CannTx
CannTx Life Sciences is a privately-owned cannabis producer licensed by Health Canada under the Cannabis Act. Under its Steadystem Solutions division, CannTx is uniquely equipped to become a commercial-scale producer of micropropagated plantlets (produced from tissue cultures) for sale to other Licensed Producers. These plantlets also supply CannTx’s consumer divisions, Bower Therapy (Medicinal) and Solidus Standard (Recreational). Steadystem Solutions is also building a library of genetics that can be delivered to interested Licensed Producers for production on a commercial scale. The company was incorporated in 2013 and is located near Guelph, Ontario, in the heart of Canadian agricultural innovation.
About Namaste Technologies Inc.
With headquarters in Toronto, ON, and offices in 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, all on one convenient site. Namaste’s global technology and continuous innovation address local needs in a burgeoning cannabis industry requiring smart solutions. For further information about Namaste, please visit Namastetechnologies.com
For more information please contact:
Incite Capital Markets
Eric Negraeff / Darren Seed
Ph: 604.493.2004
For Meni Morim, CEO
Email: ir@namastetechnologies.com
Information on the Company and its many products can be accessed through the links below:
NamasteTechnologies.com
NamasteMD.com
Cannmart.com
NamasteVapes.ca
Everyonedoesit.ca