Lifeist Wellness Inc (NXTTF)

[sillylung]

http://thecse.com/sites/default/files/N-PR-Oct13-2017.pdf

Vancouver, British Columbia, Canada - Namaste Technologies Inc. (“Namaste” or the “Company”)
(CSE:N)(FRANKFURT:M5BQ)(OTCMKTS:NXTTF) is pleased to announce a non-brokered private placement
financing of up to 20,000,000 units of the Company (“Units”) at a price of CAD $0.25 per Unit, with each
Unit being comprised of one common share of the Company (a “Common Share”) and one Common Share
purchase warrant (a “Warrant”), with each Warrant being exercisable for one Common Share at an
exercise price of CAD $0.35 per Common Share for a period of 24 months following the closing date (the
“Offering”). All securities issued in connection with the Offering will be subject to a four month and a day
hold period. As compensation for the services provided in connection with the Offering, certain eligible
finders will receive a cash commission equal to 7% of the gross proceeds raised in the Offering from
purchasers directly introduced to the Company by the finders.
The proceeds of the Offering will be used for the following:
? Construction costs for a state-of-the-art facility at Namaste’s wholly-owned subsidiary Cannmart
Inc. (“CannMart”). CannMart is a late-stage applicant for a medical cannabis distribution license
under the Access to Cannabis for Medical Purposes Regulations (the “ACMPR”). Funds will be put
towards completing and upgrading the facility in an effort to reach licensing as soon as possible.
CannMart will offer same-day delivery for medical cannabis products in the Greater Toronto Area
with an estimated population of over 6 million people. The facility will also offer added value
services for Canadian licensed producers under the ACMPR program (“Licensed Producers”), for
packaging and order fulfillment services.
? In anticipation of licensing for CannMart, funds from the Offering will be reserved for inventory
purchasing of bulk medical cannabis through supply agreements with Canadian Licensed
Producers.
? Expansion of a Canadian based warehouse for vaporizer hardware and fulfillment in the CannMart
facility. Namaste expects to see substantial revenue growth in its cannabis peripherals business
due to recent announcements in relation to exclusive hardware supply agreements with Licensed
Producers and as a result of continued organic growth through Namaste’s Canadian hardware
distribution network.
Listed on the Canadian Securities Exchange CSE: N Germany FSE: M5BQ
FOR IMMEDIATE RELEASE – October 13th, 2017

Looks like a buying opportunity here as conversion equals .20 per USD share. from .25 offering.