Namaste Announces Exclusive Co-Supply, Marketing and Distribution Agreement With Leading Pre-Filled Vaporizer Company Airo Brands

Namaste Announces Exclusive Co-Supply, Marketing and Distribution Agreement With Leading Pre-Filled Vaporizer Company Airo Brands

Namaste Technologies Inc. (“Namaste” or the”Company”) (TSXV: N)(FRA: M5BQ)(OTCMKTS: NXTTF) is very happy to announce that the Company has signed an exclusive co-supply, advertising, and distribution agreement (the”Agreement”) with Airo Brands Inc. (“Airo Brands” or”airo-vapor. Com”) to launch Airo Brands’ pre-filled vaporizer cartridge brand in both the recreational and medical cannabis markets throughout Canada. As part of this arrangement, Namaste will create and distribute Airo Brand’s pre-filled vaporizer cartridges through the Company’s wholly-owned subsidiary and Health Canada’s Access to Cannabis for Medical Purposes Regulations (“ACMPR”) Licensed Producer, Cannmart Inc. (“Cannmart”). This Agreement represents a strategic partnership between Namaste and Airo Brands to leverage Namaste’s resources and Airo Brands established product, brand image and reputation. Through Infinite Labz, Namaste believes it has the capacity to become the”go to” service supplier in this high growth, high margin market of pre-filled cartridges. Namaste’s investment in Infinite Labz Inc. (“Infinite Labz”), which is a purpose-built centre for producing cannabis oil beneath the ACMPR regulations is situated directly across the road from Cannmart. Infinite Labz will offer oil production services that will provide supply for Airo Brands’ and goods that Namaste will bring into the online health and recreational markets. To be partnering with one of the leading US-based manufacturer of vaporizers that are pre-filled is a monumental step forward for the business and validates the strategy of Namaste. Namaste intends to utilize Airo Brands to source the highest quality cannabis oil and also to facilitate manufacturing, packaging and distribution through Cannmart. With the impending roll-out of recreational cannabis in Canada, the Company believes that over time the commoditization of cannabis will require companies to become more innovative in marketing and branding to differentiate themselves. Namaste is uniquely positioned with its Cannmart sales license to facilitate the production of unique, value-added products including Airo Brands vaporizer cartridges and pens, as well as other well-known brands such as Lowell Smokes, California’sleading pre-rolled manufacturer, who Namaste has also partnered with to expand into the Canadian market. Where the firm can leverage their e-commerce and technology platform to give value to brands such as Airo 25, namaste will continue to pursue partnerships. Airo Brands is devoted to perfecting the union between technology and private vaporizers. Airo Brands is one of the fastest growing brands in the usa with goods sold in 800 places and in five states. The market for pre-filled vaporizers has expanded rapidly in the US, and while Canadian’s anticipate expansion of the legal recreational and medical cannabis platforms to incorporate a wider offering of merchandise categories, Namaste has set itself to leverage its ACMPR license, technology and background in the vaporizer sector to deliver Airo Brands’ products into the Canadian marketplaceAs Namaste’s approach to become Canada’s leading online retailer of all things cannabis unfolds, the Company is focused on providing consumers with the best possible choices of cannabis products available on the market. Cannmart’s platform, that was designed as a comprehensive cannabis market, provides patients the biggest and most diverse offering of products including cannabis flower, oil, vaporizer pens and pre-filled cartridges together with pre-rolls and many other products as they become available in the medical and recreational markets. With each new arrangement that Namaste signs, the strength of its platform and market become clearer. The business has secured partnerships and supply agreements to provide consumers with the best user experience possible. The business has incorporated its innovative technology platforms including on-site AI and telemedicine throughout the business’s revolutionary program, NamasteMD (“NamasteMD.com”) into its user experience. Namaste will expand internationally in markets where the Company maintains a database of over 1.5 million clients to integrate cannabis sales into its ecommerce platform. While Canada’s market does not allow for vapor, we felt that Namaste’s approach to distribution made them a distinctive partner. In addition, relationships with different producers in Canada and Namaste’s strategy expands our ability to collaborate enabling us and Namaste to offer the end user a wide variety of choice. Sean Dollinger, President and CEO of Namaste Technologies comments;”We’re very happy to announce our partnership with Airo Brands who’s a pioneer in the pre-filled vaporizer industry in the united states and looking to enter into the Canadian market. It is extremely exciting to see US based firms like Lowell Brands and Airo Brands recognize Namaste as a pioneer in the area as they seem to penetrate the Canadian market. Cannmart’s license gives a strategic advantage for our partners whereby the Company can source types of oil and cannabis flower to generate products that will be sold through our recreational sales and medical channels. As we anticipate upcoming legalization and in anticipation of our revenue license, we are more focused now than ever before on securing cannabis supply agreements and strategic partnerships with well-known brands such as Airo Brands, and in offering value to our partners and our patients. By bringing innovative products into our platform, we will achieve our goal of producing the most unique and personalize user experience that will offer everything cannabis, from vaporizers and accessories through to cannabis and advanced devices in a single location.” Airo Brands, Inc is a US based company with a focus on distribution and innovation in the inhalation sector of the cannabis industry. The company operates in Colorado, Washington, Oregon, California and Nevada providing a wide variety of SKUs to best in class technology through its Airo Pro platform. To Learn More on Airo Brands please see Airobrands.comAbout Namaste Technologies Inc.. Namaste Technologies Is The Everything Cannabis Store&commerce;. Namaste operates the global cannabis e-commerce platform with more than 30 websites. Vaporizers, glassware, accessories goods are included by namaste’s product offering through its subsidiaries, and the company will sell medical cannabis in the Canadian market, subject to approval by Health Canada. Namaste has developed and acquired innovative technology platforms including NamasteMD.com, Canada’s first Health Canada compliant telemedicine application, and in May 2018 the Company acquired a leading e-commerce AI and Machine Learning Company, Findify AB. Findify uses artificial intelligence algorithms to optimize and personalize a customer’s on-site buying experience. Namaste is focused on leveraging its technology to enhance the user experience throughout its platforms.  Namaste will continue to develop and acquire innovative technologies that will provide value to the Company and to its shareholders and to the broader cannabis industry. To Learn More on Namaste Technologies please visitNamasteTechnologies.comOn behalf of the Board of Directors“Sean Dollinger”Chief Executive OfficerDirect: +1 604-355-6100Email: info@namastetechnologies.comInvestor Relations: Kory@NamasteTechnologies.comFurther information on the Company and its products can be accessed via the links below:NamasteTechnologies.comNamasteMD.comNamasteVapes.caEveryonedoesit.caFORWARD-LOOKING INFORMATION This press release contains forward-looking information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those. Although such statements are based on management assumptions, Namaste assumes no duty to update or revise forward-looking information unless required by law to reflect new events or circumstances. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be set on the forward-looking statements because the Company can provide no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results may differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s disclosure documents that may be found under the business’s profile on www.sedar.com. This press release contains “forward-looking statements” within the meaning 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-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The TSX Venture Exchange nor its market regulator has reviewed or approved the contents of this press release. View original content with multimedia:http://www.prnewswire.com/news-releases/namaste-announces-exclusive-co-supply-marketing-and-distribution-agreement-with-leading-pre-filled-vaporizer-company-airo-brands-300708021.htmlSOURCE Namaste Technologies Inc..

Published at Thu, 06 Sep 2018 12:31:29 +0000

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