Amidst legal battle with former CEO, Namaste delivers letter to shareholders – Cannabis Life Network

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TORONTO/CNW/ – Namaste Technologies Inc. (“Namaste” or the “Company”) (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) supplied the following letter to its shareholders on Feb. eight, 2019.

Dear fellow shareholders,

I want to thank all our shareholders for your continued help for our business more than the previous week. I know a lot of you have queries about the future of Namaste.

In scenarios like this there is typically a fantastic deal of rumour and speculation circling about. I want you to know the business will present updates anytime achievable. I’d urge you to concentrate on communications that you obtain from the business and ignore the rumours even although I know they can get loud.

I’d also ask you to concentrate on what actually matters:

This is a great business with fantastic individuals, goods and prospects.

We have a powerful, talented management group in spot, and we all think the future of Namaste is vibrant. I’m extremely humbled and excited by the chance I have as Interim CEO to lead this business forward, but it is actually not about me Namaste is larger than any 1 person.

We have fantastic individuals across the business and a strong organization. With that in thoughts, and hunting at our overall performance to date, we’re in a fantastic position. Think about the following information:

1.     Our group has not stopped innovating:

a.     We have highly effective Artificial Intelligence capabilities that are getting deeply integrated into our client expertise – and we’re continuing improvement.

b.     We’re creating Uppy version two. primarily based on feedback from our clients.

c.     NamasteMD has been fully re-architected and will be released in the coming weeks. This will enhance overall performance, user expertise and allow speedy deployment in new markets.

d.     We’re close to completion of our ERP replacement project. This will drive provide chain optimization, enhanced operational efficiency and superior reporting capabilities.

two.     We have a license to distribute health-related cannabis in Canada and powerful provide agreements. The choice on Cannmart continues to develop, and we are operating on enhancing the getting expertise.

three.     Our organization improvement group led by our Chief Approach Officer has a healthier pipeline of partnerships which will continue to strengthen the position of the business.

four.     We have a powerful money position that enables us to execute on our technique and continue to innovate.

In quick, the management team’s concentrate continues to be on executing our strategic program, expanding the organization and developing shareholder worth for you, Namaste’s owners.  That is our mandate, and we are moving complete-steam ahead.

Thank you for your ongoing patience and help, and we’ll continue updating every person as items progress.

Meni Morim, Interim CEO

About Namaste Technologies Inc.

Namaste Technologies powers the ultimate on the net client expertise for medicinal cannabis and associated goods. Starting with NamasteMD.com, the Company’s integrated telemedicine application, we connect health-related customers with overall health care practitioners to a lot more readily concern and renew cannabis prescriptions on the net. Featuring the initially Canadian Healthcare Sales-Only Licence, the Company’s personal Cannmart.com is your ‘everything cannabis store’ supplying customers a big wide variety of strains to fill their prescription requirements. Namaste’s special artificial intelligence (AI) engine incorporated in its platforms and associated Uppy App, completes our ecosystem by identifying the proper solution and pairing to address certain health-related cannabis needs. Namaste also delivers vaporizers and accessories across various platforms operating in a lot more than 20 nations. Namaste’s international technologies addresses neighborhood requirements in a burgeoning cannabis market requiring intelligent options. For a lot more details about Namaste, please visit www.Namastetechnologies.com.

Supply Namaste Technologies Inc.

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