Namaste will be a big player of Edibles too- Anytime spike Choklat Inc Edibles License
The additional members are a step in the right direction, but it is likely that Namaste stock is reacting to the company’s second announcement also made Friday.
Namaste announced that Choklat Inc has submitted its license application for edibles manufacturing.
Namaste acquired a 49% stake in Calgary-based Choklat Inc back in March. The pair will enter the cannabis edibles market in Canada; this arm of the industry will be legalized later in 2019.
With Choklat being the largest premium craft chocolate maker in Canada, the joint venture will see the pair create a line of cannabis-infused edibles. The venture will leverage Choklat’s already popular e-commerce site and network of distributors across Canada.