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Namaste Provides Update on UK Medical Cannabis Strategy
Namaste Provides Update on UK Medical Cannabis Strategy Canada NewsWire VANCOUVE...
About this update from Lifeist Wellness Inc
[{"type":"text","content":"\n\n\n\nNamaste Provides Update on UK Medical Cannabis Strategy\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, Oct. 31, 2018\n\n\n\nVANCOUVER, Oct. 31, 2018 /CNW/ - Namaste Technologies Inc. (\"Namaste\" or the \"Company\") (TSXV: N), (FRANKFURT: M5BQ), (OTCMKTS: NXTTF) is pleased to provide an update for investors on its strategy to launch medical cannabis sales within the UK market. Namaste operates a global e-commerce platform which sells cannabis ancillary products in over 20 countries around the globe. One of the Company's largest consumer databases lies in the UK, with over 500,000 customers. With the impending roll-out of medical cannabis in the UK market, Namaste is well positioned to leverage its database along with its telemedicine application and potential acquisition of Access Fulfilment Ltd. (\"Access Fulfilment\"\") to enter directly into medical cannabis sales in the UK. The Company's strategy includes medical cannabis importation, telemedicine and distribution.\n\n \n \n\n \nSubject to compliance with UK federal regulations, the Company will be launching a UK version of its innovative telemedicine application, NamasteMD, which has been designed to provide patient consolations for the purposes of acquiring medical cannabis prescriptions, and is available in the Apple Store, on Android and on desktop at NamasteMD.com. The Company plans on submitting NamasteMD to the UK App Store and for Android in November 2018. The Company is active in securing strategic relationships with clinics and specialist healthcare practitioners that will provide resources to facilitate patient onboarding in the most effective manner possible. \nFurther to the Company's September 13th, 2018 news release, Namaste has entered into a binding terms sheet (the \"Terms Sheet\"), to acquire all of the issued and outstanding shares of UK-based Access Fulfilment Ltd. (\"Access Fulfilment\"). Access Fulfillment operates a 30,000 square-foot distribution facility in the UK and holds a Wholesale Distribution Authorization (Human) License issued by the Medicines a...