Business
Isodiol International Inc. Signs Binding Supply Agreement with Namaste Technologies Inc.
Isodiol International Inc. Signs Binding Supply Agreement with Namaste Technologies Inc..
About this update from Isodiol International Inc
[{"type":"text","content":"\n\n VANCOUVER, British Columbia, Jan. 12, 2018 (GLOBE NEWSWIRE) -- Isodiol International Inc. (CSE: ISOL) (OTC:ISOLF) (FSE:LB6A.F) (the “Company” or “Isodiol”), a global bio-active phytoceutical innovator specializing in the development of pharmaceutical and wellness products, is pleased to announce that it has signed a binding agreement with Namaste Technologies Inc. (“Namaste”) (CNSX:N) (OTCQB:NXTTF) (FRA:M5BQ), an online retailer for cannabis delivery systems globally. Through this non-exclusive partnership, Isodiol will become a provider of phytoceutical products to Namaste, to be sold through select distribution channels on its e-commerce platform.\n\n \n \n \n \n \n \n \n \n \n \n \n Namaste Technologies Inc.\n \n \n \n \n \n \n \n \n\n “The shopping habits of today’s consumers are greatly steered towards e-commerce and we want our customers to have the same convenience and ease when shopping for cannabinoid products that they do with other items,” said Marcos Agramont, CEO of Isodiol. “This partnership will be a great compliment to our current e-commerce platform as Namaste has expansive international distribution channels that will allow us to expand our product offerings on a global scale. We look forward to providing their consumers with safe, consistent and highly bio-active phytoceutical products.” This agreement is mutually beneficial for both companies, as it offers a new domestic and international sales channel for Isodiol to distribute its products. In addition, this agreement adds significant value to Namaste’s product offering on a global scale and through its wholly owned subsidiary, Cannmart Inc. (“Cannmart”), which is an Access to Cannabis for Medical Purposes (“ACMPR”) applicant for a medical cannabis “sales-only” license. Namaste intends to offer Isodiol’s innovative pharmaceutical-grade products to Cannmart patients and to distribute the products in regional markets where cannabinoid products are available. “This transaction further demonstrates our eagerness to attract industry leaders who see value and can benefit from our revolutionary e-commerce platform. We are very much looking forward to offering Isodiol's best in-class quality range of products through our sales channe...