Lifeist Wellness Inc (NXTTF)

[SweetSweetLove]

Namaste will be able to procure and sell medical cannabis from both domestic and international Health Canada approved cultivators and offer them on an AI-driven e-commerce marketplace designed to provide a unique and personalized experience to each patient. The new marketplace will allow Namaste to bring together medical cannabis consumables from various LPs and brands, and sell them on its platform. This will not only enable the company to sell end-to-end medical cannabis products through its platform, but also allow it to offer a wide range of curated cannabis consumables that it can import from across the world, without having to grow it in-house. Since the company does not plan to grow medical cannabis, it is likely to have lower overhead costs, which should enhance its profitability in the coming years.
International Expansion
Lastly, Namaste plans to replicate its business model in Canada in international markets by launching a technology similar to NamasteMD in those markets. The company currently has a presence in the UK, Canada, and Germany and holds a portion of the online cannabis markets in Europe and Australia. With the growing demand for medical cannabis products, the company is aiming to cater to emerging markets such as Brazil, Mexico, and Chile through a number of new supply channels.