Business
Cannmart announces asset purchase agreement with Buds2go.ca
Cannmart announces asset purchase agreement with Buds2go.ca Canada NewsWire VANC...
About this update from Lifeist Wellness Inc
[{"type":"text","content":"\n\n\n\nCannmart announces asset purchase agreement with Buds2go.ca\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Nov. 21, 2018\n\n\n\nVANCOUVER, Nov. 21, 2018 /CNW/ - Namaste Technologies Inc. (\"Namaste\" or the \"Company\") (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) is pleased to announce that the Company's wholly-owned subsidiary, Cannmart Inc. (\"Cannmart\") has signed an Asset Purchase Agreement (the \"Agreement\") with 1181530 BC Ltd. to acquire the domain Buds2go.ca. Subject to the terms of the Agreement, Cannmart purchased the Buds2go.ca domain along with social media accounts and all intellectual property in connection therewith including trademark applications in exchange for a cash payment of $300,000. The 1181530 BC Ltd. management team signed a 6-month consulting agreement to assist with integration and operations.\n\n \n \n\n \nThe acquisition of Buds2go.ca is strategic in nature as the domain has established high-ranking organic search results for many targeted and valuable keywords, and supports the Company's vision to become a global leader in cannabis e-commerce and technology. The Buds2go.ca domain receives approximately 400,000 site visits per month, with an average visit duration of 6 minutes and a bounce-rate of roughly 31%. The site visits, search traffic and SEO rankings of Buds2go.ca would be difficult to replicate and provide strong long-term value for the company.\nThe Company is pleased to report that it has also concurrently completed an integration with the Buds2go.ca domain and has launched a new website which is powered by Cannmart. This will allow patients to order products from Buds2go.ca through a regulated channel and have access to inventory fed directly through Cannmart. Further to the Company's October 29th, 2018 news release, Cannmart signed a Patient Services Agreement (the \"Services Agreement\") with 1181530 BC Ltd. to offer users access to the Company's online telemedicine platform, NamasteMD Inc.. \nBuds2go.ca has established strong organic search results and maintains a high level of domain ...