Business
Namaste provides update on Share Pledge Party and reaffirms its intention to list the company on the NASDAQ Exchange
Namaste provides update on Share Pledge Party and reaffirms its intention to list the comp...
About this update from Lifeist Wellness Inc
[{"type":"text","content":"\n\n\n\nNamaste provides update on Share Pledge Party and reaffirms its intention to list the company on the NASDAQ Exchange\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, Sept. 11, 2018\n\n\n\nVANCOUVER, Sept. 11, 2018 /CNW/ - Namaste Technologies Inc. (\"Namaste\" or the \"Company\") (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) is pleased to announce that further to its July 23rd news release, the Company intends to continue to pursue the listing of its common shares on the NASDAQ Capital Market (\"NASDAQ\"). Due to Company developments and a recent increase in its share price, the Company is now closer to meeting the requirements to list on NASDAQ. Based on the Company's current share price, and the anticipated increase in sales through the launch of its Access to Cannabis for Medical Purposes Regulations (\"ACMPR\") sales license, the Company currently intends on reaching the share-price target organically without any share consolidation. \n\n \n \n\n \nBy up-listing to the NASDAQ, the Company believes it will gain new exposure and access to a larger base of retail and institutional investors in the US and internationally. The NASDAQ is well-known as a technology exchange and with Namaste being a leading technology company in the cannabis space, management feels strongly that the up-listing would bring significant value to the Company.\nThe Company believes that the up-listing will allow Namaste the ability to capitalize on investment from an international audience and help bring awareness to its revolutionary technology platform. The NASDAQ will provide a venue for Namaste to unlock the full value of its technology assets and bring much-needed awareness to its role in the global cannabis market. \nWhile cannabis-industry investors have been focused on cultivators, the Company believes that further commoditization of cannabis will lead to a lower cost per gram and eventual consolidation across the sector. As the market matures, Namaste anticipates that a greater amount of pressure will be placed on cultivators to incorporate innovate te...