Vancouver, Aug. 28, 2018 — /D.M.O. Newswire/ — Namaste Technologies Inc. ("Namaste" or the "Company") (TSXV:N) (FRANKFURT:M5BQ) (OTC:NXTTF) is pleased to announce its new corporate method associated to its position in the Canadian recreational cannabis marketplace. Due to a great deal uncertainty surrounding each federal and provincial roll-outs of recreational cannabis, Namaste remained focused solely on the healthcare cannabis marketplace till such time that a far more transparent framework was established. Speedy forward to nowadays and it is clearly evident that there has been considerable progress produced with regards to the guidelines and regulations outlining the sale and distribution of recreational cannabis. As such, Namaste has produced the choice to take a far more proactive strategy in an try to capitalize on various important locations of the recreational marketplace.
Additional to current updates from the Provincial Government of Ontario, Namaste is particularly confident that quite a few of its technologies assets will lend themselves to enhancing the safety and distribution of recreational cannabis on the net and in provincially operated dispensaries. Namaste’s platforms, like its exclusive partnership with YPB Group Ltd. ("YPB") (ASX: YPB), have the prospective to present far superior authentication and safety for provincially authorized cannabis goods. In addition, the Company’s age and identity verification, with exclusive rights to its facial recognition technologies, could enable present a a great deal safer protocol for on the net retail platforms. By way of NamasteMD, the Corporation has created and acquired cutting-edge age and identity verification technologies which is currently in use in Namaste’s platform, that would present considerable worth to all customers, by way of all the varying distribution channels across Canada. Namaste would like to reinforce that each platforms are currently established and in operation and would be offered for instant deployment inside these applications.
In addition to these important authentication protocols, Namaste has also identified the will need for its worldwide prospects to have self-confidence in the goods they are acquiring, and for vendors to have access to granular information on their finish-customers. As such, Namaste has introduced YPB’s options across its network of companies, like Canadian Licensed Producers, to enable bring certainty of authenticity and provide chain transparency to the complete legal cannabis sector globally. This coalition furthers Namaste’s agenda in delivering major technologies platforms for its worldwide marketplace and for enhancing the user practical experience for its prospects.
With YPB getting lately signed three new prospects, there is tiny doubt that this technologies brings worth to these who adopt YPB’s technologies. Namaste believes YPB’s technologies could present a far superior resolution to all provinces, specially thinking of the Ontario Provincial Governments choice concerning on the net dispensaries. The use of item QR codes would permit these who adopt the technologies the capacity to not only confirm the authenticity of a cannabis item becoming provincially authorized, but also present important item info, like strain information and origin.
Namaste will be initiating the improvement of a private-label line of cannabis goods by way of its Licensed Producer partners that will include things like a special providing of premium strains and goods that will be targeted to each healthcare and recreational markets. By securing a lot of agreements with a multitude of Licensed Producers, Namaste has effectively assured its provide channel on a going forward basis, and pending approval of Cannmart’s sales license, the Corporation is effectively positioned to launch its completely-integrated marketplace by introducing cannabis sales into its on the net platform.
The Corporation will be actively pursuing possibilities in on the net recreational cannabis sales inside provinces that permit. By way of its partnerships with Licensed Producers, Namaste will offer you a complete on the net platform for recreational cannabis like integration of its many technologies elements that will bring considerable worth to Namaste and its partners. Namaste will also have the special capacity to offer you other many technologies integrations, like Pineapple Express Inc. ("Pineapple Express") very same-day delivery service. With the initial launch of very same-day delivery in Toronto, which represents the fourth biggest city in North America, Namaste sooner or later plans to roll-out the service across Canada and into other main markets like Vancouver and Winnipeg.
Although Namaste has laid the foundation to develop into Canada’s major on the net retailer of medicinal cannabis and will continue to concentrate on the healthcare marketplace, the Corporation is now focused on expanding the scope of its platform to obtain marketplace share in the recreational space by providing the best Licensed Producer goods, sector-major technologies integrations and a superior user practical experience.
Sean Dollinger, President, and CEO of Namaste comments: "Over the previous year we’ve been pretty quiet as it relates to the recreational cannabis sector. We have taken our time to see how the legislation progresses province by province. While we are not a cultivator, we do see considerable marketplace share for the Corporation in delivering extremely important technologies platforms to the recreational marketplace. In addition, by way of strategic partnerships with Licensed Producers we will absolutely be building our personal brand that will be sold by way of healthcare and recreational channels.
As we progress towards official legalization Namaste has in no way been much better positioned to capitalize on each markets. Now that we have established that our platform functions, with the acceleration of our healthcare sufferers we can now perform on using our technologies to develop into a leader in the recreational space.
We are pretty excited to see our method coming collectively and unfolding just before our eyes. We’d like to thank all of our shareholders for their help and hope to see everybody at the Pledge Celebration September 12th.
About Namaste Technologies Inc.
Namaste Technologies is Your Every little thing Cannabis Retailer™. Namaste operates the biggest worldwide cannabis e-commerce platform with more than 30 sites in 20+ nations below many brands. Namaste’s item providing by way of its subsidiaries consists of vaporizers, glassware, accessories, CBD goods, and the business will quickly be promoting healthcare cannabis in the Canadian marketplace, topic to approval by Well being Canada.
Namaste has created and acquired revolutionary technologies platforms like NamasteMD.com, Canada’s 1st Well being Canada compliant telemedicine application, and in Could 2018 the Corporation acquired a major e-commerce AI and Machine Finding out Corporation, Findify AB. Findify utilizes artificial intelligence algorithms to optimize and personalize a consumer’s on-web page obtaining practical experience. Namaste is focused on leveraging its cutting-edge technologies to improve the user practical experience all through its platforms. Namaste will continue to create and obtain revolutionary technologies which will present worth to the Corporation and to its shareholders as effectively as to the broader cannabis marketplace.
On behalf of the Board of Directors
Chief Executive Officer
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FORWARD-Hunting INFORMATIONThis press release includes forward-hunting info primarily based on present expectations. These statements ought to not be study as guarantees of future overall performance or final results. Such statements involve identified and unknown dangers, uncertainties and other components that may perhaps bring about actual final results, overall performance or achievements to be materially diverse from these implied by such statements. While such statements are primarily based on management’s affordable assumptions, Namaste assumes no duty to update or revise forward-hunting info to reflect new events or situations unless essential by law. While the Corporation believes that the expectations and assumptions on which the forward-hunting statements are primarily based are affordable, undue reliance ought to not be placed on the forward-hunting statements simply because the Corporation can give no assurance that they will prove to be appropriate. Given that forward-hunting statements address future events and circumstances, by their pretty 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 components and dangers like many threat components discussed in the Company’s disclosure documents which can be discovered below the Company’s profile on www.sedar.com. This press release includes "forward-hunting 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-hunting statements are produced pursuant to the secure harbor provisions of the Private Securities Litigation Reform Act of 1995. The TSXV has neither reviewed nor authorized the contents of this press release.