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Namaste announces supply agreement with Bonify and acquisition of over 14,000 registered users with NamasteMD
Namaste announces supply agreement with Bonify and acquisition of over 14,000 registered u...
About this update from Lifeist Wellness Inc
[{"type":"text","content":"\n\n\n\nNamaste announces supply agreement with Bonify and acquisition of over 14,000 registered users with NamasteMD\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. 22, 2018\n\n\n\n\n \n \n\n\n\nVANCOUVER, Aug. 22, 2018 /CNW/ - Namaste Technologies Inc. (\"Namaste\" or the \"Company\") (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) is pleased to announce that the Company has signed a wholesale supply agreement (the \"Supply Agreement\") with Manitoba-based ACMPR Licensed producer, Bonify Inc. (\"Bonify\"). Under the terms of the Supply Agreement, Namaste will purchase bulk cannabis products through the Company's wholly-owned subsidiary, Cannmart Inc. (\"Cannmart\").  Bonify operates a large-scale cultivation facility and will expand capacity to over 350,000 square-foot that will accommodate Namaste's growth trajectory. Namaste will work with Bonify to develop private-label strains of cannabis for the medical and recreational markets as well as in offering the full selection of Bonify products.\n\n\n \n \n\n \nFurther to the Company's August 13th news release, Cannmart completed its Health Canada Pre-Sales inspection on July 31st, 2018 and the receipt of its \"sales-only\" license will represent a major milestone for the Company. With Cannmart's \"sales-only\" license imminent, and in order to accommodate the acceleration of NamasteMD's (NamasteMD.com) database and with the launch of Canadian recreational cannabis sales pending, the Supply Agreement with Bonify will guarantee adequate supply to support Namaste's demand.\n\nNamaste is also pleased to announce that it has registered over 14,000 users in its online patient portal and mobile app, NamasteMD representing a 130% increase in registered users in approximately 2 months. With the latest launch of the NamasetMD app, the Company has streamlined the on-boarding process, improved conversion rates and has opened the app's scheduling to accommodate appointments within 15 minutes from sign-up. The accelerated growth in patient acquisition which has taken place over the past two and a ...