Namaste Technologies Inc.(CSE:N)(FRANKFURT:M5BQ)(OTCMKTS:NXTTF) is pleased to announce that its wholly owned subsidiary, Cannmart Inc., has signed a supply agreement with Israeli-based producer Cannbit Ltd.
The Agreement, subject to approval by Health Canada, will supply medical cannabis products sourced from Cannbit in Israel, to be sold exclusively in Canada through CannMart and Namaste sales channels. This Agreement represents a fundamental step in Namaste’s growth strategy to develop a marketplace for Canadian medical cannabis that will include product sourced both domestically and internationally.
Namaste will further pursue supply agreements with domestic and international producers in developing a unique online platform to provide a larger variety of medical cannabis products to patients sourced from domestic and international producers. Namaste recognizes that Israel is providing the medical cannabis industry with leading research and intends to provide Israeli-grown products to Canadian medical cannabis patients.
Sean Dollinger, President and CEO of Namaste comments: “We are very pleased to sign this Agreement. We had the opportunity of meeting with the Cannbit management team and feel very strongly that Namaste will bring some of the highest quality medical cannabis available in the world to our Canadian patients. Through our new platform, Namaste MD, we will be offering a full-service platform for users to flow through an initial consultation to issuance of a prescription. They will then be provided with access to our marketplace of medical cannabis products that will be sourced from multiple producers in Canada, as well as countries like Israel, that are innovators in research and development in our industry.”
About Namaste Technologies Inc.
Namaste Technologies Inc. is an emerging leader in vaporizer and accessories space. Namaste has 26 ecommerce retail stores in 20 countries, offers the largest range of brand name vaporizers products on the market and is actively manufacturing and launching multiple unique proprietary products for retail and wholesale distribution. The Company is currently focused on expanding its product offering, acquisitions and strategic partnerships, and entering new markets globally.
On behalf of the Board of Directors
Chief Executive Officer
Direct: +1 (786) 389 9771
Source: Technical 420