Business
Namaste announces 300% growth for August month-on-month revenue in its Canadian marketplace and 50% growth in its global platform
Namaste announces 300% growth for August month-on-month revenue in its Canadian marketplac...
About this update from Lifeist Wellness Inc
[{"type":"text","content":"\n\n\n\nNamaste announces 300% growth for August month-on-month revenue in its Canadian marketplace and 50% growth in its global platform\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, Sept. 5, 2018\n\n\n\nVANCOUVER, Sept. 5, 2018 /CNW/ - Namaste Technologies Inc. (\"Namaste\" or the \"Company\") (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) is pleased to announce that the Company has achieved a 300% month-on-month growth rate in its Canadian marketplace, in comparison with August of 2017, and 50% growth globally. In the month of August of 2018, the Company generated $1.65M in revenue which represents a 50% increase in revenue in comparison with August of 2017 after consideration of the loss of revenue due to Namaste divesting its US assets that were incorporated into its 2017 sales. The Company has also achieved over 300% growth on its Canadian websites, which now includes over 17,000 customers.   \n\n\n \n \n\n \nThe Company has been focused on developing its Canadian market by enhancing its e-commerce platform and focusing on organic growth through content production, search-engine optimization (\"SEO\") and in implementation of its proprietary AI technology through the Company's wholly-owned subsidiary, Findify AB (\"Findify\" or \"Findify.io\"). With increased competition in the Canadian market, Namaste is pleased to have achieved such significant growth in a key market for the Company.\n\nIn anticipation of receiving Canada's first medical cannabis \"sales-only\" license, under the guidelines of Health Canada's Access to Cannabis for Medical Purposes Regulations (\"ACMPR\"), expansion of its Canadian platform including hardware sales as well as registered users in both NamasteMD (\"NamasteMD.com\") and My Uppy Cannabis (\"My Uppy\") Journal represent significant advances for the Company as it looks forward to launching cannabis sales into its Canadian e-commerce marketplace. \n\nFurther to its growth in the Company's hardware business, Namaste, through its wholly-owned subsidiaries and revolutionary mobile apps, NamasteMD and...