NamasteMD Announces Acquisition of 28,000 Registered Users Representing a 48% Monthly Increase and 23,000 Downloads of This Uppy Strain Journal

NamasteMD Announces Acquisition of 28,000 Registered Users Representing a 48% Monthly Increase and 23,000 Downloads of the Uppy Strain Journal

Namaste Technologies Inc. (“Namaste” or the”Company”) (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) is pleased to announce that the Company has obtained over 28,000 registered customers through NamasteMD Inc. (“NamasteMD”), and that the Uppy Strain Journal (“Uppy” or”Uppy.com”) has now been downloaded over 23,000 times. The NamasteMD app can be found on iOS and Android devices and online at NamasteMD.com. NamasteMD is an online platform which offers free access via video conferencing. The Uppy Strain Journal collects user-generated data on cannabis strains and their impact on various medical problems.

Namaste Technologies Inc. (TSXV: N)(OTCQB: NXTTF)(FRA: M5BQ) (CNW Group/Namaste Technologies Inc.)

NamasteMD’s recent growth is attributed to an increase in organic traffic and patient referrals, and represents a 48% increase in the prior month. NamasteMD joins patients with licensed manufacturers including the business’s wholly-owned subsidiary, Cannmart Inc. (“Cannmart”) to purchase medical cannabis products. The business anticipates further growth of the NamasteMD platform and has expanded its network of healthcare consultants to meet demand. The business also intends on submitting the app to the Apple and Google Play stores in the united kingdom, where it will leverage its existing database of over 500,000 users to develop a similar model to its Canadian industry. Namaste is continuously seeking to expand its platform in different areas where telemedicine and cannabis become legalized. With over 1.5 million customers worldwide and Namaste working in over 20 countries, the corporation will have a competitive advantage in emerging markets.

The business is also pleased to report that its cannabis journaling app, the Uppy Strain Journal was downloaded on over 23,000 devices. Data collection through Uppy will induce machine learning algorithms which are used in conjunction with cannabis strain data to provide patients with improved strain recommendations. By adding value for medical patients in an online environment, the Company anticipates achieving a lower cost per patient purchase, higher conversion rates, increased revenue and provide a better user experience.

The Company’s goal is to supply a fully-integrated and truly unbiased online marketplace for medical cannabis with a diverse selection of goods, where consumer feedback through Uppy, better breed recommendations and an emphasis on customer service offer an outstanding user experience. The overall platform guides patients from consultation through prescription and ordering from Cannmart in the exact same day. Cannmart has been processing and shipping orders with next-day delivery and will be integrated with its partner, Pineapple Express Inc. (“Pineapple Express”) to provide same-day delivery in the GTA region.

Management Commentary:

Sean Dollinger, President and CEO of Namaste remarks:”We are proud to be at the point where we could have someone place an order within an hour of being seen by a nurse practitioner, which we believe to be the best turn-around time in the industry. Our goal is to streamline the process of acquiring medical documentation and obtaining medical cannabis through an online marketplace and in offering the very best user experience possible. We’re excited about launching same-day delivery with Pineapple Express and on continuing growth. We have received positive feedback from Cannmart patients and will continue to maximize the platform and add new features to bring value to our patients.”

Namaste Technologies is Your Everything Cannabis Store&commerce;. Namaste operates the largest global cannabis e-commerce platform with over 30 websites in 20+ countries under various brands. Namaste’s product offering through its subsidiaries includes vaporizers, glassware, accessories, CBD goods, and medical cannabis in the Canadian industry.

Namaste has developed and obtained innovative technology platforms including NamasteMD.com, 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 personalize a customer’s on-site buying experience. Namaste is focused on leveraging its cutting-edge technology to improve the user experience throughout its platforms.  Namaste will continue to develop and acquire innovative technologies which will provide value to the Company and to its shareholders and to the wider cannabis industry.

On behalf of the Board of Directors

Chief Executive Officer
Direct: +1 604-355-6100
Mail: info@namastetechnologies.com

Further information on the Company and its products can be accessed via the links below:
NamasteTechnologies.com
NamasteMD.com
NamasteVapes.ca
Everyonedoesit.ca

FORWARD-LOOKING INFORMATION This press release includes forward-looking information based on current expectations. These statements shouldn’t be read as guarantees of future performance or results. 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 shouldn’t be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. These statements speak only as of the date of the 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 which can be seen 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 TSXV has neither reviewed nor approved the contents of the press release.

Released at Thu, 08 Nov 2018 13:32:27 +0000

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