Business
Cannmart Signs Supply Agreement With Rocky Mountain Marijuana Inc. Including a 20% First Right of Refusal
Cannmart Signs Supply Agreement With Rocky Mountain Marijuana Inc. Including a 20% First R...
About this update from Lifeist Wellness Inc
[{"type":"text","content":"\n\n\n\nCannmart Signs Supply Agreement With Rocky Mountain Marijuana Inc. Including a 20% First Right of Refusal\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, Oct. 29, 2018\n\n\n\nVANCOUVER, Oct. 29, 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 medical cannabis supply agreement (the \"Agreement\") with RMMI Corp.'s (CSE: RMMI) wholly-owned subsidiary, Rocky Mountain Marijuana Inc. (\"RMMI\"), whereby Cannmart will purchase medical cannabis from RMMI to offer in its online platform. Subject to the terms of the Agreement, Cannmart will have the right of first refusal (\"ROFR\") on 20% of RMMI's gross production. \n\n \n \n\n \nCannmart holds the first \"sales-only\" license to be issued to a non-cultivator. Cannmart's goal is to offer a unique selection of high-quality cannabis products sourced from Licensed Producers across Canada. This strategy is the cornerstone of Cannmart's business model which is focused on enhancing the user experience and offering industry-leading customer support. The Agreement with RMMI which includes the 20% ROFR is important to the Company as it guarantees products for our patients and strengthens Cannmart's supply chain. Subject to the terms of the Agreement, Cannmart will purchase packaged, pre-labeled and tested products from RMMI to offer through its online platform.\nWith virtually hundreds of new cultivators in various stages of the application process, Cannmart will provide a platform whereby all licensed producers can offer their products in a competitive marketplace. As the industry evolves, Namaste's management team is confident in its ability to set itself apart as a true innovator in cannabis e-commerce.\nFurther to the Company's Oct 29th press release which outlined terms of a Patient Acquisition Agreement with Buds2go.ca, whereby Buds2go.ca is a highly-ranked website with strong organic search traffic and a database of ...