Business
Namaste Technologies Inc. Discusses Expanding Markets and the Challenges of Keeping Up with Demand on Uptick Newswire's Stock Day Podcast
PHOENIX, AZ / ACCESSWIRE / November 7, 2018 /Namaste Technologies Inc. (''Namaste'' or the ''...
About this update from Lifeist Wellness Inc
[{"type":"text","content":"Namaste Technologies Inc. Discusses Expanding Markets and the Challenges of Keeping Up with Demand on Uptick Newswire’s Stock Day PodcastPHOENIX, AZ / ACCESSWIRE / November 7, 2018 /Namaste Technologies Inc. (''Namaste'' or the ''Company'') (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) operates the largest global cannabis e-commerce platform with over 30 websites in 20+ countries under various brands. Kory Zelickson, Co-Founder and VP of Business Develop and Investor's Relations, joined Stock Day'sEverett Jolly. Jolly started off by asking Zelickson to explain the strategy and deal with Buds2Go, an online platform. ''The company is really focused onecommerce and technology,'' said Zelickson. ''What's unique about our license is it's the first medical cannabis sales license that's been issued to a non-cultivator. Every other which sells cannabis inCanada, also grows it. But our intention isn't to grow cannabis, we want to focus on selling it online.'' Zelickson went on to say that Namaste Technologies offers the largest global platform for cannabis and ancillary products and accessories. He says they are leveraging their expertise in selling online in Canada. Buds2go will now offer users access to medical cannabis consultations through the Company'swholly owned subsidiary and online patient portal, NamasteMD Inc. ''It's a really exciting opportunity for us because we get to use our technology and our platform, NamasteMD to help people gain access to consultations for medical cannabis that will allow them to order through regulated channels.'' Jolly then asked how the legalization of recreational marijuana has impacted the business. Zelickson said they have noticed a supply shortage and some producers are allocating their entire stock to recreational users are running out of stock for medical patients. ''We are hoping that over the next 8 to 10 months, with a lot more producers coming online and a lot more licenses inprocess, we'll sort of bridge that gap as an industry,'' said Zelickson. Jolly then asked for an update on UK medical cannabis. Zelickson said there's been amazing progress in the UK. ''They've now introduced new legislation that allows for the use of medical cannabis for specific conditions. It's a little bit restricted right now, but hopefully opening up real soon,'' explained Zelickson. He went on to say that...