RE:PeakBirch Logic2832669 Anyone look at this company financial report if one can call it that ? Take a look people. Meni says he working with this company 2 years now .
the whole pre earnings two fluff reports regarding USA entry was a scam only to raise the share prices to get the price up to do the bought offering .
I like the sneaky tactics . Meni hired a true scamster in hiring Edward the new IR guy .
whisky11: I see the beautiful deal very promising.
By partnering with Namaste, PeakBirch will gain a new revenue stream to include online B2B sales. PeakBirch is actively looking to expand sales to include other online B2B stores in both Canada and the United States. PeakBirch will be drop-shipping CBD and hemp-derived products for Namaste through its CannMart.com marketplace.
On December 20th, 2018 the U.S. passed the farm bill into law which included special provisions to legalize the cultivation, distribution and sale of Hemp derived products such as CBD. Since then the FDA has approved CBD products for various specific medical treatments. The market has seen exponential growth over the last two years, with growth from USD$620 million in sales in 2018 to USD$4.7 billion in sales in 2020, as reported by Brightfield Group.
"We see a lot of revenue potential in the CBD market and we are excited to be entering into a collaborative agreement with Namaste that will provide us with access to a whole new revenue stream but most importantly it marks a key milestone in our company's growth journey. PeakBirch has been working hard behind the scenes to develop key technologies that will enable it now and in the future to scale its B2B sales," says Marc Mulvaney, CEO of PeakBirch. "By leveraging our existing brand relationships and purchasing power we are well positioned to compete in the B2B space."
"We first announced our 24 month collaboration arrangement with PeakBirch in September, 2020 including the possible development of business in the USA and we are delighted to see the first fruits of that collaboration today," said Meni Morim, CEO of Namaste. "With the changing regulatory landscape improving in the USA and now this proposed entry into the U.S. hemp derived CBD market, we continue the execution of our strategy to position Namaste as a leading global cannabis company and look forward to building on this positive momentum. This development also further validates our investment in technology, as the proposed expansion will be facilitated via our marketplace technology and we are looking forward to launching more vendors onto the platform."
To learn more about PeakBirch's new collaborative agreement with Namaste, please contact PeakBirch using the information below..