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Namaste Announces CannMart Success with IGNITE International Exclusivity Agreement and Listing of Cannabis 2.0 Products in Alberta and Ontario
Namaste Announces CannMart Success with IGNITE International Exclusivity Agreement and Lis...
About this update from Lifeist Wellness Inc
[{"type":"text","content":"\n\n\n\nNamaste Announces CannMart Success with IGNITE International Exclusivity Agreement and Listing of Cannabis 2.0 Products in Alberta and Ontario\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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, June 22, 2020\n\n\n\n~Continued brand and sales channel expansion for CannMart supports value proposition, new product launches, and revenue growth~\n TORONTO, June 22, 2020 /CNW/ - Namaste Technologies Inc. (\"Namaste\" or the \"Company\") (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF), a leading platform for cannabis products, accessories, and education, today announced CannMart Inc. (\"CannMart\"), a wholly owned subsidiary, has been granted an exclusive license by IGNITE International Brands, Ltd. (\"IGNITE\") (CSE: BILZ) (OTCQX: BILZF) to utilize certain brand trademarks on cannabis-based products for sale in the legal Canadian marketplace. In addition, CannMart has received approval from Alberta Gaming, Liquor & Cannabis (\"AGLC\") and the Ontario Cannabis Retail Corporation operating as the Ontario Cannabis Store (\"OCS\") to begin offering Cannabis 2.0 products.\n\n \n \n \n \n \n \n\n \n\"Our agreement to become the exclusive distributor of IGNITE products in Canada is an important milestone for the company and positively reflects on our value proposition,\" said Meni Morim, CEO of Namaste Technologies. \"CannMart continues to demonstrate its ability to grow its sales distribution channels in the Canadian market and this is attracting the attention of well-established brands like IGNITE. We place a high value on our relationships with these brands as it is our belief that brand recognition will be a major driver of growth as the legal industry matures and transitions to consumer-packaged goods. The opportunity for CannMart to be the exclusive distributor for IGNITE in Canada reinforces our position in the competitive cannabis market as consumers gravitate towards brands that are well known and trusted for their quality.\"\n\"The listing of Cannabis 2.0 products for the provinces of Ontario and A...