Business
Namaste announces record-breaking revenue of $1.25M from Black Friday and Cyber Monday sales
Namaste announces record-breaking revenue of $1.25M from Black Friday and Cyber Monday sal...
About this update from Lifeist Wellness Inc
[{"type":"text","content":"\n\n\n\nNamaste announces record-breaking revenue of $1.25M from Black Friday and Cyber Monday sales\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, Nov. 30, 2018\n\n\n\nVANCOUVER, Nov. 30, 2018 /CNW/ - Namaste Technologies Inc. (\"Namaste\" or the \"Company\") (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) is pleased to announce record-breaking sales for the Company across its global online platforms, totaling more than $1.24 million (CAD) through the Black Friday and Cyber Monday holiday shopping weekend.\n\n \n \n\n \nThe total reported unaudited sales from Friday, November 22 through Monday, November 26 was approximately $988,361.14. Due to anticipated demand, Namaste's e-commerce platforms launched their sale on Thursday, bringing the five-day total to approximately $1,248,897.71, the highest-ever sales figures for the Company over the same weekend.\nThese strong numbers were almost entirely from the sale of vaporizers and smoking accessories and included the first holiday weekend sales of legal medical cannabis sold through Namaste's wholly-owned subsidiary CannMart Inc. (\"CannMart\") online portal, Canada's first e-commerce platform that can safely and securely deliver legal medical cannabis to patients from a wide variety of licensed producers. CannMart successfully launched same-day and rush order delivery in the Greater Toronto Area via Pineapple Express on November 27.\nThe Company expects strong revenue growth in 2019 as it continues to grow cannabis sales in Canada, and in anticipation of launching cannabis sales across the UK and in other overseas markets. \nManagement Commentary\nSean Dollinger, President, and CEO of Namaste comments: \"With an increasingly-diverse product selection, excellent customer service and a peerless user experience, Namaste is pleased to offer its customers improved value year over year. We're excited to continue to grow and expand our offerings and services through 2019 and beyond.\"\nAbout Namaste Technologies Inc.\nNamaste Technologies is Your Everything Cannabis Store™. Namaste operates the ...