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Namaste's CannMart Signs Licensing Agreement with Award Winning Cannabis Brand Phyto Extractions
Namaste's CannMart Signs Licensing Agreement with Award Winning Cannabis Brand Phyto Extra...
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[{"type":"text","content":"\n\n\n\nNamaste's CannMart Signs Licensing Agreement with Award Winning Cannabis Brand Phyto Extractions\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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, Dec. 2, 2019\n\n\n\n~Phyto products to be sold through CannMart's online marketplace and distribution partners~\n TORONTO, Dec. 2, 2019 /CNW/ - Namaste Technologies Inc. (\"Namaste\" or the \"Company\") (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF), a leading online platform for cannabis products, accessories, and responsible education, today announced that its majority owned subsidiary, CannMart Labs Inc. has entered into an exclusive licensing agreement with a BC numbered company dba Phyto Extractions (\"Phyto\"). The agreement grants CannMart Labs Inc. with an exclusive licence to use Phyto trademarks on certain cannabis products such as cannabis vaporizing pen cartridges and batteries; cannabis capsules; and cannabis tincture bottles and jars. The agreement provides that CannMart Labs Inc., until such time as it may obtain a production license, may assign such rights under the agreement to Namaste's wholly-owned subsidiary CannMart Inc. \n\n \n \n\n \n\"Phyto Extractions is an established brand name in the Canadian cannabis marketplace and we welcome their innovative products to the CannMart everything cannabis store and distribution channel,\" said Meni Morim, CEO of Namaste Technologies Inc. \"Competition is heating up in Canada with the upcoming launch of cannabis derivative products following recent regulations referred to as Cannabis 2.0 and Namaste is committed to working with leading cannabis brands, such as Phyto, to get high quality products to customers. Phyto has a history in the Canadian marketplace and is well known with our current customer base. Namaste expects this product recognition to drive future sales with existing and new customers on the CannMart website and throughout our network of government partners.\"\nNamaste is adding Phyto's product line to CannMart, its online marketplace, as it continues to aggressively expand its o...