Namaste Announces the Pre-Launch of CannMart.com in Anticipation of Receiving Canada's First Medical Cannabis Sales-Only License

Namaste Technologies Inc. (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) is very happy to announce that the Company has pre-launched its revolutionary medical cannabis online market through its wholly-owned subsidiary, CannMart Inc. (“CannMart” or”CannMart.com“). CannMart is poised to be Canada’s first medical cannabis”sales-only” license under Health Canada’s Access to Cannabis for Medical Purposes (“ACMPR”) program. The business has pre-launched CannMart’s website, CannMart.com, which will permit the Company to commence sales immediately after receiving its license. Receipt of its sales license, combined with the official launching of CannMart.com, will represent the most critical achievement in the provider’s history and will be the catalyst for Namaste introducing legal cannabis earnings into its global e-commerce platform. Namaste is very happy to report that it received communication from Health Canada on September 6th, 2018, and the Company would like to reaffirm that the program is progressing. CannMart’s license, which is the first of its kind in Canada, will enable Namaste to secure and sell medical cannabis from both national and international Health Canada accepted cultivators, which is extended in an AI-driven e-commerce market designed to provide a unique and personalized experience for each individual. Namaste holds inventory of a selection of cannabis flower and oil and has secured supply. Namaste has successfully launched and operates the largest global e-commerce market which retails cannabis ancillary devices on 30 sites in 20 countries. The business maintains a database of over 1.5 million customers and has developed and acquired leading e-commerce technology platforms including Findify.io (“Findify”), a leading e-commerce AI company, and NamasteMD (“NamasteMD.com“), Canada’s first fully integrated patient consultation portal available from the Apple and Google Play stores and online. Namaste’s technology team have integrated cutting-edge e-commerce AI that will offer a personalized user experience for every patient ordering through CannMart.com. The business anticipates the launching of receipt and CannMart’s website of its sales license will solidify the position of Namaste as the leader in cannabis e-commerce. By getting its earnings license, Namaste will complete the vision that it set out to reach only two short years back. What the Company has been able to achieve has been truly remarkable as most of its initiatives have been revolutionary to the cannabis space. In a very short time period, both the NamasteMD Program and recently published My Uppy Cannabis Journal App have shown that the Company’s forward-thinking strategies are highly successful. With over 18,000 registered users on NamasteMD, over 18,000 downloads of My Uppy, and Namaste’s Canadian database of over 17,000 vaporizer customers (derived through NamasteVapes.ca and Everyonedoesit.ca), collectively totaling a user-base of over 52,000 individuals, the Company, upon receipt of its earnings license will be well positioned to leverage its database, technologies and e-commerce experience to disrupt online cannabis sales in Canada and then internationally.  Under the present set of both provincial and federally regulated guidelines, Namaste’s platform represents one of the best resources to ensure the safe and reliable distribution of cannabis in the whole space. Namaste has received multiple requests to incorporate lots of the Company’s cutting-edge technologies. The business believes it is in a position to capitalize on opportunities that present themselves, as it seems to leverage its revolutionary technology in Canada and across the globe, as legalization draws nearer.  The business is encouraging investors and prospective patients to register their name and email address through CannMart.com to keep in touch and to have the chance to become one of the first CannMart patients. Management CommentarySean Dollinger, President and CEO of Namaste comments:”We are extremely excited and proud to be launching CannMart.com at this moment, in anticipation of starting online cannabis earnings through our platform in the very near future. I want to extend my deepest gratitude to all those who worked to make this happen and in helping this achievement is achieved by Namaste. The official launching of CannMart.com combined with receipt of our”sales only” license will mark a new chapter in our incredible journey of becoming the world’s first fully-integrated online cannabis market, one driven by cutting edge AI and machine learning technologies, as well as revolutionary facial recognition and age identification protocols. I am quite optimistic about where Namaste is currently positioned in the cannabis area and believe that the Company will now get the respect it deserves from its peers, as it has established itself as a pioneer in the space. We cannot wait to keep on pushing the boundaries and continue developing technologies aimed at improving the patient experience. Our focus remains on forming strategic alliances and in creating new initiative solutions. After receiving quite a few emails and calls, I’d like to take this chance to reaffirm to our shareholders that we have heard back from Health Canada and our program is progressing.” Namaste Technologies is Your Everything Cannabis Store&commerce;. Namaste operates the largest cannabis e-commerce platform with more than 30 sites. The product offering through its subsidiaries of namaste includes vaporizers, glassware, accessories, CBD products, and the business will soon be selling medical cannabis subject to approval by Health Canada. Namaste has developed and obtained advanced technology platforms including NamasteMD.com, Canada’s first Health Canada compliant telemedicine application, and in May 2018 the Company acquired a top e-commerce AI and Machine Learning Company, Findify AB. Findify uses artificial intelligence algorithms to optimize and personalize a consumer buying experience. Namaste is focused on leveraging its cutting-edge technologies to enhance the user experience during its platforms.  Namaste will continue to develop and acquire innovative technologies that will provide the Company and to its shareholders and to the broader cannabis market with value. These statements should not be read as guarantees of future performance or results. Namaste assumes no duty to update or revise forward-looking data unless required by law to reflect new events or circumstances although such statements are based on management assumptions. Because the Company can give no assurance that they will prove to be right, Even though the Company believes that the expectations and assumptions on the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements. 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 may be found under the Company’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 TSXV has neither reviewed nor approved the contents of this press release. View original content to download multimedia:http://www.prnewswire.com/news-releases/namaste-announces-the-pre-launch-of-cannmartcom-in-anticipation-of-receiving-canadas-first-medical-cannabis-sales-only-license-300709498.htmlSOURCE Namaste Technologies Inc..

Published at Mon, 10 Sep 2018 12:40:53 +0000

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