Mr. Meni Morim reports
NAMASTE TECHNOLOGIES PROVIDES A CORPORATE UPDATE
Namaste Technologies Inc. has provided the following corporate updates.
Namaste's wholly owned subsidiary, CannMart Inc., has expanded its product offering to both its provincial customers who sell to recreational consumers and to its own medical customers across Canada on CannMart's website, by entering into a number of supply agreements including with CannTx Life Sciences Inc., Rilaxe Canna Inc. and Safari Flower Co.
CannTx
A supply agreement with CannTx Life Sciences, a licensed cultivator and processor, to distribute Royal City Cannabis Co. branded premium artisanal hash products. These high-purity handcrafted pressed ice hash products are derived from single-strain whole flower cannabis material and washed in small batches to ensure the highest-quality hash for Royal City's consumers. These products will be sold and distributed throughout CannMart's provincial footprint starting in Ontario in the adult-use market and on-line through the medical platform through the CannMart website.
Rilaxe
A Canada-wide exclusive production and distribution agreement with Rilaxe Canna bringing to market a new format of edibles that are made from dried fruit with the intention to serve the wellness community, medical patients and adult-use customers. There are presently only gummies and chocolate available in the edibles category across the country and this new novel line of products will further expand the category. CannMart is in a unique position to take a first mover advantage with this exciting new product offering. These products will be sold and distributed throughout CannMart's provincial footprint starting in British Columbia in the adult-use market and on-line through the medical platform by CannMart's website.
Safari
A supply agreement with Safari Flower, a licensed cultivator and processor for various flower and various cannabis 2.0 categories. CannMart will be distributing products through its provincial body supply agreements and on-line through the medical platform by CannMart's website.
"We are very pleased to welcome all our new partners including CannTx Life Sciences, Rilaxe Canna and Safari Flower to CannMart as we continue to expand our product offering to our customers," said Meni Morim, chief executive officer of Namaste. "We are excited to have these products available by the end of May of this year as we look to grow our future revenues. These products will be available for our medical patients across Canada on-line at CannMart.com, and through our business-to-business distribution channels throughout our provincial customers. The team continues to work very hard at successfully bringing in new partners as we look to be the world's foremost marketplace in wellness."
Findify named as one of the world's best personalized site search apps
Findify has been named one of the world's best personalized site search apps. The prestigious title was bestowed upon the company recently by experts at Ecommerce Tech, an organization which connects e-commerce teams with the right tech tools.
Findify is also specifically listed as being one of the most popular personalization apps, as well as one of the best personalization apps for large stores. The experts at Ecommerce Tech say they look for personalization apps that have a robust artificial intelligence offering, load quickly and asynchronously, and include top-notch analytics capabilities.
Ecommerce Tech said: "These personalization apps are for bringing the user closer to their desired outcome, in an automated way. They increase conversion rate and average order value."
About Namaste Technologies Inc.
Headquartered in Toronto, Namaste Technologies is a marketplace platform for cannabis and wellness products. At CannMart's website, the company provides Canadian medical customers with a diverse selection of hand-picked products from a multitude of federally licensed cultivators and United States customers with access to hemp-derived CBD and smoking accessories. The company also distributes licensed and in-house branded cannabis and cannabis-derived products in Canada through a number of provincial government control boards and retailing bodies and facilitates licensed cannabis retailer sales on-line in Saskatchewan. Namaste's global technology and continuous innovation address local needs in a burgeoning cannabis industry requiring smart solutions.
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