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Namaste Technologies subsidiary CannMart inks supply deals with three craft cannabis companies

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Namaste Technologies Inc (CVE:N) (OTCMKTS:NXTTF) (FRA:M5BQ) announced that its wholly-owned CannMart Inc subsidiary has entered into supply agreements with craft cannabis companies CannTx Life Sciences Inc, Rilaxe Canna Inc, and Safari Flower Co to expand product offerings to CannMart’s recreational consumers and medical cannabis customers across Canada. 

“We are excited to have these products available by the end of May of this year, as we look to grow our future revenues,” Namaste Technologies CEO Meni Morim said in a statement. 

Morim added: “These products will be available for our medical patients across Canada online at CannMart.com, and through our business-to-business distribution channels throughout our provincial customers.” 

READ: Namaste Technologies looks to become the ‘Amazon of cannabis’ with its integrated, intelligent cannabis experience

“The team continues to work very hard at successfully bringing in new partners as we look to be the world’s foremost marketplace in wellness.”

Namaste noted the supply agreement with CannTx Life Sciences involves the distribution of Royal City Cannabis Company-branded premium artisanal hash products, in which sales will begin in Ontario’s adult-use market and online, through the medical platform via CannMart.com.

CannMart’s Canada-wide exclusive production and distribution agreement with Rilaxe Canna, meanwhile, will bring to market a new format of edibles that are made from dried fruit with the intention to serve the wellness community, medical patients and adult-use customers. The products will be sold starting in British Columbia’s adult-use market and online through the medical platform via CannMart.com.

And, its supply deal with Safari Flower will involve the sale of various flower and Cannabis 2.0 products that will be distributed by CannMart through its provincial body supply agreements and online through the medical platform via CannMart.com.

Namaste Technologies is a cannabis-focused, e-commerce technology company with the goal of becoming the one-stop-shop for everything a cannabis user needs.

The Toronto-based company, which has been described as the “Amazon of cannabis,” operates the largest global cannabis e-commerce platform with over 30 websites in more than 20 countries under a variety of brands. 

In addition to its product offerings of vaporizers, glassware, accessories, and CBD products, the company’s CannMart Inc, is a key part of its operations that sells online medical and recreational cannabis.

Contact Sean at [email protected]

Story by ProactiveInvestors



Source: http://www.proactiveinvestors.com/companies/news/946445/namaste-technologies-subsidiary-cannmart-inks-supply-deals-with-three-craft-cannabis-companies-946445.html


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