Business
Namaste Announces Approval of NamasteMD Android App and Accelerates Patient Acquisition in Anticipation of Sales License
Namaste Announces Approval of NamasteMD Android App and Accelerates Patient Acquisition in...
About this update from Lifeist Wellness Inc
[{"type":"text","content":"\n\n\n\nNamaste Announces Approval of NamasteMD Android App and Accelerates Patient Acquisition in Anticipation of Sales License\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, Aug. 24, 2018\n\n\n\nVANCOUVER, Aug. 24, 2018 /CNW/ - Namaste Technologies Inc. (\"Namaste\" or the \"Company\") (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) is pleased to announce that the Company has received official approval of the latest version of its NamasteMD (\"NamasteMD.com\") cannabis telemedicine App for Google Android devices, which is live in the Google Play store as of 8 AM EST August 23rd, 2018. Approximately 50% of mobile phone users in Canada use Android devices. With the new launch of the apps on both iOS and Android platforms, NamasteMD can now facilitate online patient consultations, free of charge, within 15 minutes from sign-up on the App. The Company anticipates launching real-time consultations through NamasteMD within the next 10 days. Further to the Company's Aug 22nd news release, NamasteMD has achieved over 14,000 registered users, representing a 130% increase over a 2-month period. The Company anticipates significant acceleration in conversion rates with additional exposure through the Google Play store. \n\n\n \n \n\n \nNamaste has developed Canada's first fully-compliant medical cannabis patient portal, available on iPhone or Android devices, which allows Namaste to acquire patients faster and at a lower cost in comparison with other Licensed Producers. Patients acquired through NamasteMD have access to purchase medical cannabis through Namaste's cultivation partners (\"Licensed Producers). Under the terms of various Educational Service Agreements (\"Service Agreements\"), Namaste collects between 15-20% of the gross revenue derived from patient purchasing through referrals to Licensed Producers under NamasteMD. Namaste is presently partnered with over 10 Licensed Producers.  \n\nWith Namaste's medical cannabis \"sales-only\" license imminent, the Company anticipates a sharp increased revenue and margin with Cannmart booking full r...