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Namaste announces domestic consulting agreement with Cannbit Ltd to expand Israeli operations and add new sales channels
Namaste announces domestic consulting agreement with Cannbit Ltd to expand Israeli operati...
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[{"type":"text","content":"\n\n\n\nNamaste announces domestic consulting agreement with Cannbit Ltd to expand Israeli operations and add new sales channels\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, July 5, 2018\n\n\n\nVANCOUVER, July 5, 2018 /CNW/ - Namaste Technologies Inc. (\"Namaste\" or the \"Company\") (TSXV: N)(FRA: M5BQ)(OTCMKTS: NXTTF) is pleased to announce the Company has signed a consulting agreement (the \"Agreement\") with Cannbit Ltd. (\"Cannbit\" or \"Cannbitltd.com\"), whereby Cannbit will provide domestic consulting services to Namaste that will streamline the Company's Israeli operations, expand its platform and increase domestic revenues. Namaste's recent announcement of its 10% investment in Cannbit, with Cannbit's intention to publicly list on the Tel Aviv Stock Exchange (\"TASE\"), is further supported by this strategic partnership.\n\n\n \n \n\n \nNamaste has identified strong growth potential in its Israeli market and will focus on the expansion of its current platform as well as introducing new technology like its telemedicine application, NamasteMD and Findify's AI technology in Israel. Cannbit will provide Namaste with local resources to facilitate this growth. Cannbit will provide Namaste with domestic management and operations of the Company's Israeli e-commerce platform, business development, website translations, domestic customer support services and wholesale sales. Cannbit's team will work closely with Namaste's marketing team to further develop its online platform and expand its B2B channels business in Israel. \n\nIsrael has quickly emerged as a global leader in cannabis research and development and Namaste is well positioned to leverage its technology and database of Israeli consumers to launch new initiatives in the Israeli market including the Company's revolutionary telemedicine application and patient portal, NamasteMD. Through its investment with Cannbit, a medical cannabis supply agreement and now this strategic partnership, Namaste will benefit from expansion of its revenue streams, import of high-quality Israeli grown...