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Vancouver, B.C. — September four, 2018 — /D.M.O. Newswire/ — Namaste Technologies Inc. (“Namaste” or the “Company”) (TSXV:N) (FRANKFURT:M5BQ) (OTC:NXTTF) is pleased to announce that the Firm has signed a veteran patient solutions agreement (“Patient Solutions Agreement”) and a health-related cannabis provide agreement (the “Supply Agreement”) with Breton CannaPharms Ltd. (“Breton CannaPharms” or “Bretoncannabis.com”). Breton CannaPharms has a incredibly powerful presence in veteran communities across Canada and the complete management group has comprehensive expertise in holistically servicing veterans and educating communities on the good and misunderstood effects of health-related cannabis to treat veterans suffering from each chronic discomfort and post-traumatic strain disorder (“PTSD”).
Namaste is focused on supporting several initiatives surrounding veteran communities and on offering cost-free access to its on-line patient platform, NamasteMD Inc. (“NamasteMD.com”).
Beneath the terms of the Patient Solutions Agreement, Breton Farms will function exclusively with NamasteMD to target patient acquisition inside veteran groups across the nation. Namaste is proud to companion with Breton Cannabis to concentrate on acquiring veteran sufferers and servicing their wants via its Access to Cannabis for Health-related Purposes Regulations (“ACMRP”) Licensed Producer partners. NamasteMDprovides easy access to nurse practitioners for health-related consultations via on-line video and is offered on the Apple Retailer, Google Play devices and on-line at NamasteMD.com.
Additional to the Patient Solutions Agreement, Namaste has also signed a Provide Agreement with Breton Cannabis, whereby the Firm will buy bulk cannabis merchandise from Breton CannaPharms to offer you on its on-line platform via the Company’s wholly owned-subsidiary and ACMPR Licensed Producer, Cannmart Inc. (“Cannmart”). Namaste will concentrate on providing Breton CannaPharms higher potency strains that are particularly cultivated to meet the demand of its veteran sufferers.
Veteran Affairs Canada delivers veterans with reimbursements on cannabis for health-related purposes, for up to three grams of cannabis per day, beneath the terms of their reimbursement policy POC-10. In addition, veterans are entitled to coverage of up to $300 each 3 years for a health-related vaporizer prescribed by their medical professional for an awarded pensioned situation. Health-related vaporizers are sold and distributed by Namaste. Beneath the terms of the Patient Solutions Agreement, Breton CannaPharms management group, who are effectively versed with Veteran’s entitlements and direct-billing coverage, will help Namaste in the management of its veteran sufferers to making certain the highest level of care attainable.
Each agreements exemplify Namaste’s approach in leveraging its technologies assets via partnerships with organizations like Breton CannaPharms and in offering added-worth for health-related sufferers across Canada. Namaste strongly believes that the veteran neighborhood remains very beneath-served in today’s industry. The partnership with Breton CannaPharms will not only serve to drive very important veteran patient development but also delivers education and awareness with regards to the influence of health-related cannabis for veterans who endure from chronic discomfort and serious trauma.
By way of its partnership with Breton CannaPharms, Namaste will concentrate on constructing a section on Cannmart to offer you specialty merchandise particularly for veteran sufferers. Namaste will leverage its AI platform via its wholly owned subsidiary, Findify AB (“Findify”) to study the effects of several health-related cannabis strains and how they influence veterans suffering from discomfort and post-traumatic strain disorder (“PTSD”). The aim of the AI integration with Findify is to assist offer superior strain suggestions primarily based on a patient’s distinct situation and strengthen the user expertise. By adding worth for Namaste’s sufferers via technological innovation, Namaste will set the highest benchmark for patient care and solidify its position as Canada’s major cannabis e-commerce retailer.
Namaste is also pleased to offer additional facts for share purchases to-date, topic to the Company’s Standard Course Issuer Bid (“NCIB”), via the facilities of the Toronto Venture Exchange (“TSXV”) under
July 2018 – 1,111,700 shares at an typical price tag of $1.357 CAD
August 2018 – 1,056,000 shares at an typical price tag of $1.349 CAD
Total – two,167,700 shares at an typical price tag of $1.354 CAD
Management Commentary
Fabian Henry, Founder of Breton CannaPharms comments: “After half a decade assisting and educating Licensed Producers in the cannabis market, it is a correct pleasure to lastly companion with a experienced group like Namaste Technologies.
Namaste’s leadership with its craft strategy, patient acquisition approach and their NamasteMD platform produced effortless, are incredibly welcomed to the veteran neighborhood. This strategic partnership will enable veterans nationally to access a wide range of health-related craft cannabis and vaporizers on a single platform, whilst adding extra choices on how veterans can handle their personal healthcare.
Their results in e-commerce each in Canada and internationally have shown what Namaste Technologie is exceptionally capable of planet-wide. On behalf of the Breton CannaPharms group, we are incredibly pleased to join the Namaste loved ones and appear forward to a lengthy-lasting operating partnership with veterans for healing as our finish state. ”
Fabian Henry founded Marijuana for Trauma (“MFT”) in 2013. MFT is a chain of health-related cannabis clinics across Canada with more than eight,000 registers sufferers. Soon after finishing an RTO with Licensed Producer Abba Medix in 2016, Fabian donated 100% of his ownership to a charity for veterans known as the GAFF (Worldwide Alliance Foundation Fund).
In summer season 2017, Mr. Henry moved towards becoming a Licensed Producer by acquiring a 75,000 sq ft constructing with 14 acres in Cape Breton, Nova Scotia. The Breton CannaPharms group is poised for results and anticipates making 12,500 kg of higher-good quality cannabis per year.
Mr Henry was instrumental in constructing worth in promoting item and assisting Licensed Producers with the processes connected with a extensive therapy program for veterans by gaining authorized coverage beneath Veterans Affairs Canada.
Sean Dollinger, President and CEO of Namaste comments: “We’re incredibly proud to have partnered with Breton CannaPharms on this fascinating project. We think strongly in supporting our veterans and that our technologies will assist strengthen veteran access to health-related cannabis for discomfort and trauma therapy. Breton CannaPharms management group are very respected in the veteran communities across Canada and will bring substantial worth to Namaste in assisting to obtain and service veteran sufferers inside our platform.
We’re also pleased to have signed a provide agreement with Breton CannaPharms at the similar time, which will make certain provide of higher potency strains of cannabis that are grown particularly for veterans, to be supplied as a stand-alone category inside Cannmart’s on-line marketplace.
We’re focused on enhancing the lives of veterans not only in Canada but globally, and in employing our technologies for the higher very good.”
About Breton Cannabis Group
Breton Cannabis Group (“BCG”) is a completely integrated late stage ACMPR Applicant Focused on health-related and adult use cannabis in Canada.
Led by a group of knowledgeable Business authorities who have constructed and run several prosperous health-related marijuana clinics across Canada, BCG will use that important information to adequately pick and safe the suitable phenotypes for our patient populations distinct chronic injury and illnesses.
We are developing craft cannabis for a targeted health-related group employing the greatest of breed genetics, information analytics, and developing methods.
Making use of-cutting edge tech to track and handle provide for two motives: 1. Get rid of human error from shipping direct to patient and two. Handle provide and back up provide to match health-related group’s wants, specially mental wellness.
About Namaste Technologies Inc.
Namaste Technologies is Your Every thing Cannabis Retailer™. Namaste operates the biggest international cannabis e-commerce platform with more than 30 sites in 20+ nations beneath several brands. Namaste’s item providing via its subsidiaries consists of vaporizers, glassware, accessories, CBD merchandise, and the business will quickly be promoting health-related cannabis in the Canadian industry, topic to approval by Well being Canada.
Namaste has created and acquired revolutionary technologies platforms such as NamasteMD.com, Canada’s 1st Well being Canada compliant telemedicine application, and in Could 2018 the Firm acquired a major e-commerce AI and Machine Understanding Firm, Findify AB. Findify makes use of artificial intelligence algorithms to optimize and personalize a consumer’s on-web site obtaining expertise. Namaste is focused on leveraging its cutting-edge technologies to boost the user expertise all through its platforms. Namaste will continue to create and obtain revolutionary technologies which will offer worth to the Firm and to its shareholders as effectively as to the broader cannabis industry.
On behalf of the Board of Directors
“Sean Dollinger”
Chief Executive Officer
Direct: +1 604-355-6100
Additional facts on the Firm and its merchandise can be accessed via the hyperlinks under:
NamasteTechnologies.com
NamasteMD.com
NamasteVapes.ca
Everyonedoesit.ca
FORWARD-Searching INFORMATIONThis press release includes forward-searching facts primarily based on present expectations. These statements really should not be study as guarantees of future functionality or final results. Such statements involve recognized and unkno wn dangers, uncertainties and other things that might result in actual final results, functionality or achievements to be materially diverse from these implied by such statements. Though such statements are primarily based on management’s affordable assumptions, Namaste assumes no duty to update or revise forward-searching facts to reflect new events or situations unless needed by law. Though the Firm believes that the expectations and assumptions on which the forward-searching statements are primarily based are affordable, undue reliance really should not be placed on the forward-searching statements since the Firm can give no assurance that they will prove to be appropriate. Because forward-searching statements address future events and circumstances, by their incredibly nature they involve inherent dangers and uncertainties. These statements speak only as of the date of this press release. Actual final results could differ materially from these at the moment anticipated due to a quantity of things and dangers such as several danger things discussed in the Company’s disclosure documents which can be located beneath the Company’s profile on www.sedar.com. This press release includes “forward-searching statements” inside the which means of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-searching statements are produced pursuant to the protected harbor provisions of the Private Securities Litigation Reform Act of 1995. The TSXV has neither reviewed nor authorized the contents of this press release.