Business
Namaste Announces Record-Breaking November 2018 Revenue of $2.6 Million Representing 52% Monthly Growth from October
Namaste Announces Record-Breaking November 2018 Revenue of $2.6 Million Representing 52% M...
About this update from Lifeist Wellness Inc
[{"type":"text","content":"\n\n\n\nNamaste Announces Record-Breaking November 2018 Revenue of $2.6 Million Representing 52% Monthly Growth from October\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, Dec. 3, 2018\n\n\n\nVANCOUVER, Dec. 3, 2018 /CNW/ - Namaste Technologies Inc. (\"Namaste\" or the \"Company\") (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) is pleased to announce record-breaking unaudited gross revenue of more than $2.6 Million across its global online platform, representing approximately 52% growth from October 2018 and approximately 30% growth year-on-year after excluding US revenue derived during the month of November 2017. After a successful Black Friday through Cyber Monday holiday weekend and with strong sales through November, the Company anticipates seeing strong revenue in December and into the new year. \n\n \n \n\n \nNovember revenue derived through Namaste's global platform was almost entirely from the sale of vaporizers and smoking accessories. The Company has been focused on cannabis sales through its wholly-owned subsidiary, Cannmart Inc. (\"Cannmart\"), Canada's first medical cannabis sales-only licensed issued to a non-cultivator and an online marketplace where medical patients can purchase medical cannabis sourced from a variety of producers across Canada. By expanding on the product offering through Cannmart, the Company anticipates building its platform to represent the most diverse offering of high-quality cannabis products available in the Canadian market. \nCannmart recently announced the launch of same-day delivery within the Greater Toronto Area through its partners at Pineapple Express Delivery Inc. (\"Pineapple Express\") which has been well received by its patients. Cannmart is pleased to have also launched pre-rolled cannabis products in its platform and will be adding cannabis oils to its platform in the near future. Following Cannmart's recent acquisition of Buds2go.ca (\"Buds2go), it anticipates launching its second online platform through Buds2go this week. The acquisition of Buds2go.ca is significant the domain holds stro...