Namaste Technologies Announces Termination of Agreement with Ignite

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[{"type":"text","content":"NamasteIGNITETerminat\n \n \n \n Namaste Technologies Announces Termination of Agreement with Ignite\n \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 Canada NewsWire\n \n \n TORONTO, Oct. 2, 2020\n \n \n \n \n \n TORONTO\n \n ,\n \n Oct. 2, 2020\n \n /CNW/ -\n \n Namaste Technologies Inc. (\"Namaste\" or the \"Company\")\n \n (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF), a leading online platform for cannabis products, accessories, and responsible education, today announces the mutual termination of an agreement between CannMart Inc., a wholly owned subsidiary of the Company, and IGNITE International Brands, Ltd. (\"\n \n Ignite\n \n \") to utilize certain Ignite trademarks on cannabis based products. CannMart will continue selling remaining Ignite inventory through provincial control boards and through its medical channel at Cannmart.com through to\n \n December 29, 2020\n \n and will no longer act as distributor for Ignite in\n \n Canada\n \n . Ignite products, to the extent made available by licensed retailers in\n \n Saskatchewan\n \n , will also continue to be available on Cannmart.com via it's VendorLink platform.\n \n \n \n \n \n \n \n \n \n \"Our customers and partners are critical to the long-term success of our company, and we are on a mission to connect consumers with the solutions that fit into their lives,\" said\n \n Meni Morim\n \n , CEO of the Company. \"It is also our belief that brand recognition will be a major driver of growth as the legal industry matures and transitions to consumer packaged goods (CPG). The cannabis landscape is continuously changing, and I'm excited about our future, innovative product portfolio that will continue to delight our consumers. We wish Ignite all the best in its future endeavours.\"\n \n \n \n About Ignite\n \n \n \n IGNITE is a global consumer brand, operating in the premium product segment of the market. Founded by\n \n Dan Bilzerian\n \n , the Company's 'quality-first' approach is fundamental to the brand and its products. Originally operating in the cannabis and hemp-derived cannabidiol (CBD) wellness spa...

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