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Cannmart signs Product Acquisition Agreement with Custom Cannabis Inc
Cannmart signs Product Acquisition Agreement with Custom Cannabis Inc Canada NewsW...
About this update from Lifeist Wellness Inc
[{"type":"text","content":"\n\n\n\nCannmart signs Product Acquisition Agreement with Custom Cannabis Inc\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. 1, 2018\n\n\n\nVANCOUVER, Nov. 1, 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 a Product Acquisition Agreement (the \"Agreement\") with Custom Cannabis Inc. (\"Custom Cannabis\"), whereby Cannmart will purchase packaged and tested cannabis products from Custom Cannabis to offer in Cannmart's online marketplace. \n\n \n \n\n \nCannmart's \"sales-only\" license is the first of its kind in Canada to be issued to a non-cultivator, which allows Namaste to leverage its technology platforms and e-commerce expertise to sell medical cannabis procured from a variety of licensed producers throughout Canada. The addition of Custom Cannabis through this Agreement will further enhance Cannmart's offering of high-quality products. The Company continues to focus on securing supply agreements with licensed producers that will ensure product availability for the future. \nWith Namaste's technology and Cannmart's platform, the Company believes that it is well-positioned to offer significant value to a broad range of licensed producers across Canada. The Company believes that Cannmart's platform will create an even playing field for all cultivators who choose to participate in the platform by providing a sales channel with more exposure and shipping across the country. As the industry evolves, Namaste's management team is confident in its ability to set itself apart as a true innovator in the cannabis e-commerce space.\nManagement Commentary\nJeff Nielsen, CEO of Custom Cannabis comments: \"From seed to extraction, everything we do considers the needs of patients who rely on finely-crafted medical strains for the treatment of their conditions. We're excited to know that patients seeking medical cannabis crafted by expert growers can access the Custom C...