TORONTO, Feb. 26, 2021 (GLOBE NEWSWIRE) -- Namaste Technologies Inc. (“Namaste'' or the “Company”) (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) a marketplace platform for cannabis and wellness products, is pleased to announce that www.CannMart.com is live in the USA offering Americans hemp derived CBD and smoking accessories. Namaste is excited to be leveraging its VendorLink technology in collaboration initially with DankStop and PeakBirch Logic, Inc., and looks forward to adding more partners to the platform.
The announcement of this expansion in the USA underscores Namaste’s intention to increase its total addressable market and exploration into other verticals and geographies as regulation evolves and other adjacent complementary market opportunities present themselves.
“With ever stronger signals that the regulatory landscape in the USA is evolving, our entry into the jurisdiction through the sale of hemp derived CBD and accessories will position us strategically to begin capturing new market share and build a first mover advantage if and when cannabis becomes legalized federally,” said Meni Morim, CEO of Namaste. “This development also further validates our investment in technology, as the expansion will be facilitated via our marketplace technology. We look forward to building on this positive momentum as we continue to execute our strategy to position Namaste as a leading global cannabis and wellness company.”
“Our goal will be to aggressively expand our footprint into the USA as we scale up our marketplace platform,” said Chad Agate, CTO and VP of Marketplace at Namaste. “We are not growing or exporting products from Canada into the USA, we are simply carving out our role as the facilitators using CannMart.com and our VendorLink platform. American and other companies that wish to sell legal products in the USA can now use our innovative platform to conduct business similarly to Amazon. We look forward to adding more partners selling their innovative products throughout the USA.”
For companies looking to expand their presence on our marketplace platform please contact us via the following link: https://cannmart.com/sell-on-cannmart
About Namaste Technologies Inc.
Headquartered in Toronto, Canada, Namaste Technologies is a marketplace platform for cannabis and wellness products. At CannMart.com, the Company provides Canadian medical customers with a diverse selection of hand-picked products from a multitude of federally licensed cultivators and US customers with access to hemp-derived CBD and smoking accessories. The Company also distributes licensed and in-house branded cannabis and cannabis derived products in Canada through a number of provincial government control boards and retailing bodies and facilitates licensed cannabis retailer sales online in Saskatchewan. Namaste’s global technology and continuous innovation address local needs in a burgeoning cannabis industry requiring smart solutions.
Information on the Company and its many products can be accessed through the links below:
NamasteTechnologies.com
NamasteMD.com
Cannmart.com
About DankStop
DankStop is the one of the world's largest and fastest growing online smoking supply retailers. Nothing like your ordinary headshop, DankStop is the quickest, cheapest, and easiest way to get the best smoking supplies delivered discreetly to your door. With an industry leading and innovative website, dedicated support team, and the biggest product selection available online, DankStop has single-handedly raised the bar for the online smoking supply industry since 2014. From humble beginnings, our co-founders started DankStop in "moms basement"?. Our founding vision was to remove the "sketchy"? stigma from the headshop industry by providing high quality, low priced products in a simple and transparent manner. Leveraging our in house technology, we now offer a variety of B2B services for the Cannabis industry in addition to our retail websites ranging from drop shipping to third party logistics. Information on the Company and its many products can be accessed through: www.dankstop.com
About PeakBirch Logic, Inc.
PeakBirch is a cohesive ecommerce technology group scaling multiple online businesses to become internationally successful brands. With a strong focus on consumer journey, deep analytics and AI powered trend analysis PeakBirch unlocks the true growth potential of customer-centric brands by providing revenue acceleration with customer experience optimization via a lean platform. Through a combination of the latest digital best practices and a proven team, PeakBirch Logic is committed to generating significant and sustained return on investor capital over the long-term.
Information on the Company can be accessed through: www.peakbirch.com
For more information please contact: Namaste Technologies Inc. Meni Morim, CEO Edward Miller, VP Investor Relations Ph: 647-362-0390 Email: ir@namastetechnologies.com
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