Namaste Technologies Inc (CVE:N) (FRA:M5BQ) (OTCMKTS:NXTTF) has said that its CannMart Inc subsidiary is now distributing Phyto Extractions Inc’s (CSE:XTRX) well-known shatter products nationally for its medical consumers at CannMart.com.
The Toronto-based cannabis-focused e-commerce giant said that CannMart, which holds exclusive distribution rights to all Phyto Extractions products, will in all likelihood soon distribute the shatter products to recreational consumers through “anticipated future sales to provincial monopoly wholesalers.”
A favourite among Cannabis enthusiasts, the shatter launches are with three of the most popular cannabis strain extracts on the market: Pink Kush, Blueberry Gorilla and Death Bubba
“CannMart medical patients are easily able to purchase Phyto Extractions products from the comfort of their home and have them delivered directly to their door once they have received their medical document,” noted Namaste.
“We are pleased to offer cannabis consumers high-quality shatter products from Phyto. Shatter is a specialized subcategory of concentrate products, which is currently underserved, and has higher margins. The Phyto brand carries significant legacy cache when it comes to this subcategory, all combined, making this product expansion a compelling growth opportunity,” Namaste CEO Meni Morim said in a statement.
“While these products are available now for medical customers, we expect them to be available on the recreational market shortly. We have already received confirmations and approvals for SKUs in hand and purchase orders in process of finalization with certain provinces – all wanting this new product line available for their consumers,” he added.
Phyto Extractions’ shatter is a well-known cannabis extract in its purest form, with over 70% THC, negligible CBD content, and an effect that is said to outperform other extracts. Extracted with butane to preserve cannabis terpenes, both shatter’s fast-acting onset and natural derived terpenes that maintain and enhance the natural flavour of the extracted plant are unique selling points that are highly regarded by medical and recreational consumers.
“These products are anticipated to be available shortly via CannMart’s wholesale distribution channel in Alberta, Saskatchewan, Manitoba, British Columbia and Ontario to recreational customers, looking for a desirable experience with cannabis concentrates,” noted the company.
Phyto Extractions has upgraded its facility with the new ExtractionTek Solutions MeP XT70 hydrocarbon extraction system to ensure all its shatter products are pure, safe and consistent to maximize the consumer experience. Investors can tour Phyto Extractions facility and watch how shatter is made HERE
Contact the author Uttara Choudhury at [email protected]
Follow her on Twitter: @UttaraProactive
Story by ProactiveInvestors
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