Namaste Announces Record-Breaking Revenue

Namaste Announces Record-Breaking Revenue

Namaste Technologies Inc. (“Namaste” or the”Company”) (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) is very happy to announce record-breaking earnings for the business across its global online platforms, totaling more than $1.24 million (CAD) through the Black Friday and Cyber Monday holiday shopping weekend. The total reported unaudited earnings from Friday, November 22 through Monday, November 26 was roughly $988,361.14. Due to anticipated demand, Namaste’s e-commerce platforms launched their sale on Thursday, bringing the five-day total to about $1,248,897.71, the highest-ever earnings figures for the business within the same weekend. These strong numbers were almost entirely from the sale of vaporizers and smoking accessories and included the first holiday weekend earnings of legal medical cannabis sold through Namaste’s wholly-owned subsidiary CannMart Inc. (“CannMart”) online portal, Canada’s first e-commerce platform that can safely and securely deliver legal medical cannabis to patients from a vast array of licensed producers. CannMart successfully launched rush and same-day order delivery in the Greater Toronto Area through Pineapple Express on November 27. The Company expects strong revenue growth in 2019 as it continues to grow cannabis sales in Canada, and in anticipation of launch cannabis sales across the UK and in other overseas markets. Management CommentarySean Dollinger, President, and CEO of Namaste comments:”With an increasingly-diverse product selection, excellent customer service and a peerless user experience, Namaste is very happy to offer its customers enhanced value year over year. We are excited to continue to grow and expand our offerings and services through 2019 and beyond.” Namaste Technologies is Your Everything Cannabis Store™. Namaste operates the largest global cannabis e-commerce platform with more than 30 websites in 20+ countries under various brands. Namaste’s product offering through its subsidiaries includes vaporizers, glassware, accessories, CBD products, and the business will shortly be selling medical cannabis in the Canadian industry. Namaste has developed and obtained innovative technology platforms including NamasteMD.com, Canada’s first Health Canada compliant telemedicine application, and in May 2018 the Company obtained a top e-commerce AI and Machine Learning Company, Findify AB. Findify uses artificial intelligence algorithms to optimize and customize a consumer’s on-site buying experience. Namaste is focused on using its cutting-edge technologies to improve the user experience during its platforms.  Namaste will continue to develop and acquire advanced technologies that will provide value to the Company and to its shareholders and to the broader cannabis industry. On behalf of the Board of Directors“Sean Dollinger”Chief Executive OfficerDirect: +1 604-355-6100Mail: info@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 implied by such statements. Although such statements are based on management’s reasonable assumptions, Namaste assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. Although the Company believes that the assumptions and expectations on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements since the Company can provide no assurance that they will prove to be right. These statements speak only as of the date of this press release. Actual results could 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 can be seen under the business’s profile on www.sedar.com. The TSXV has neither reviewed nor approved the contents of this press release.

Released at Fri, 30 Nov 2018 13:31:11 +0000

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