Namaste Technologies Announces Letter to Shareholders

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[{"type":"text","content":"\n\n\n\nNamaste Technologies Announces Letter to Shareholders\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\nTORONTO, May 1, 2020\n\n\n\nTORONTO, May 1, 2020 /CNW/ - Namaste Technologies Inc. (\"Namaste\" or the \"Company\") (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF), an online platform for cannabis products, accessories, and responsible education, today announced a letter to shareholders from CEO, Meni Morim.\n\n \n \n \n \n \n \n\n \nDear Fellow Shareholders and Friends, \nI'm reaching out to you today for a singular reason: I don't get the opportunity to speak directly to you as often as I would like. I'll be frank; it has been a tough year, for the company and for shareholders. Many of you have been with us right from the start, while some of you are brand new to Namaste. Either way, this letter is for you.\nIn February 2019, I was asked to consider the position of CEO by the Board of Directors. After careful deliberation, I agreed, together with the team, to lead Namaste into the next phase of growth. I saw (and still see) many opportunities in the Cannabis industry that Namaste is in a unique position to take advantage of. I also knew that 2019 would be our ground-zero, and difficult challenges needed to be overcome to position ourselves to capitalize on those opportunities in 2020.\nAs I settled into my new role, there was no question this company's future was, and remains, bright.  However, I also recognized the imperative need for change – refocusing on what we want our business to become, and letting go of distractions not aligned with that focus. I believe that the first step toward enacting change is to learn from our past. The second is to start a rebuild from the ground up. Once we worked through a deep, holistic self-audit, one unified element stood strong: we have all the necessary pieces to forge a defensible path in becoming a trusted leader in cannabis & cannabis-derivative products. \nThough 2019 was challenging, we did pass several significant milestones, including: \nSettling class-action lawsuits in Canada and ...

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