Namaste Technologies Announces Settlement with Sean Dollinger and Provides Corporate Update
Toronto, Canada, February 19, 2019 – Namaste Technologies Inc. (“Namaste” or the “Company”) (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) today is pleased to announce that it has reached a mutually agreed upon settlement with Sean Dollinger resulting in Mr. Dollinger entering into an advisory relationship with Namaste providing transition support to the Company to ensure […]
NAMASTE PROVIDES LETTER TO SHAREHOLDERS
Toronto, Canada, February 8, 2019 – Namaste Technologies Inc. (“Namaste” or the “Company”) (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) today provided the following letter to its shareholders. Dear fellow shareholders, I want to thank all our shareholders for your continued support for our company over the past week. I know a lot of you have […]
NAMASTE RESTRUCTURES PREVIOUSLY ANNOUNCED ACQUISITION OF UK-BASED AF TRADING LTD.
~New structure focuses on UK License versus distribution~ Vancouver, British Columbia, Canada, January 31, 2019 – Namaste Technologies Inc. (“Namaste” or the “Company”) (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) today announced an update to its previously announced intention to acquire UK based AF Trading Ltd. (operating as “Access Fulfillment” or “accessfulfilment.com”). Under the previously announced […]
Namaste Announces Acceleration of Expiry of Warrants Issued on October 30th, 2017
Namaste is pleased to confirm that an Acceleration Event occurred as of the close of market on January 14, 2019. Accordingly, the Company has chosen to accelerate the expiry of the October 2017 Warrants until 4:00 p.m. (Toronto time) on February 15, 2019.
Namaste Provides Capital Markets Update & Filing of CEO Employment Agreement
In consideration for their services, Incite will be paid $6,500 per month over a six-month term of engagement plus pre-approved out-of-pocket expenses, which amounts will be paid from general working capital. After six months, Incite’s engagement will then convert to a month to month basis subject to a 30-day termination notice, by either party.
Namaste Provides Update on Bonify Product Recall
The Company’s wholly-owned subsidiary, Cannmart Inc. (“CannMart”) is responsible for ensuring the quality of the medical cannabis products it distributes in dried form and has strict quality assurance standards intended to review analytical testing reports provided by licenced producers. In addition, CannMart may engage licenced laboratories to perform independent analytical testing using validated methods to ensure that these products meet microbial and chemical contaminant limits specified by the Good Production Practice requirements of the cannabis regulations.
Namaste Technologies Corporate Update
The Company is pleased to announce that Meni Morim has agreed to act as the Company’s first Chief Product Officer (CPO) subject to board approval. The Company is announcing these new appointments to allow it to focus on the information technology infrastructure to support its broad product base and to add a stronger emphasis on governance and legal risk management across the organization.
Namaste’s Agreement with Pineapple Express supports the Company’s strategy to invest in innovative companies which bring value to the Company and to the broader market. Namaste believes that same-day delivery for medical and recreational cannabis through Pineapple Express’ platform will provide patients and consumers with added-value.
Cannmart Signs Supply Agreement with AgraFlora Organics Providing it with up to 10% of Production
Subject to the terms of the Agreement, AgraFlora agrees to sell up to 10% of its annual production of Cannabis to Cannnmart. This Agreement is in-line with the Company’s vision to offer a diverse range of high-quality cannabis products in its online platform through Cannmart. The Company is focused on expanding the offering and in securing future supply for cannabis through strategic agreements.
Namaste Announces Launch of Namaste Cafe Model and H.E.A.L Branded Food Products
The Namaste Café will be an immersive medical cannabis education-focused café that will center on safe use and responsible methods of consumption directed at an age-appropriate audience. The Namaste Café will proudly serve the “world’s worst coffee” through a supply agreement to be agreed with Pigeon Coffee.
