Namaste Technologies Inc. (NXTTF) Announces Exclusive Co-Supply, Marketing and Distribution Agreement

Namaste Technologies Inc. (NXTTF) Announces Exclusive Co-Supply, Marketing and Distribution Agreement

Namaste Technologies Inc. (“Namaste” or the “Company”) (TSXV:N.V)(M5BQ.F) (NXTTF) is pleased to announce that the Company has signed an exclusive co-supply, marketing, and distribution agreement (the “Agreement”) with Airo Brands Inc. (“Airo Brands” or “”) to launch Airo Brands’ pre-filled vaporizer cartridge brand in both the recreational and medical cannabis markets throughout Canada. As part of the arrangement, Namaste will produce and distribute Airo Brand’s pre-filled vaporizer cartridges through the Company’s wholly-owned subsidiary and Health Canada’s Access to Cannabis for Medical Purposes Regulations (“ACMPR”) Licensed Producer, Cannmart Inc. (“Cannmart”).

This Agreement represents a strategic partnership between Namaste and Airo Brands to leverage Namaste’s resources and Airo Brands established product, brand image and reputation. Through Infinite Labz, Namaste believes it has the capacity to become the “go to” service provider in this high growth, high margin market of pre-filled cartridges. Namaste’s investment in Infinite Labz Inc. (“Infinite Labz”), which is a purpose-built facility for producing cannabis oil under the ACMPR regulations is located directly across the street from Cannmart. Infinite Labz will provide oil production services that will provide supply for Airo Brands’ and other products which Namaste will bring to the online medical and recreational markets. To be partnering with one of the leading US-based producer of pre-filled vaporizers further validates Namaste’s strategy and is a monumental step forward for the Company. Namaste plans to work with Airo Brands to exclusively source the highest quality cannabis oil and to facilitate production, packaging and distribution through Cannmart.

With the impending roll-out of recreational cannabis in Canada, the Company believes that over time the commoditization of cannabis will require companies to become more innovative in branding and marketing to differentiate themselves. Namaste is uniquely positioned with its Cannmart sales license to facilitate the production of unique, value-added products including Airo Brands vaporizer cartridges and pens, as well as other well-known brands like Lowell Smokes, California’s leading pre-rolled brand, who Namaste has also partnered with to expand into the Canadian market. Namaste will continue to pursue strategic partnerships where the Company can leverage their e-commerce and technology platform to provide value to brands like Airo Brands.

Airo Brands is dedicated to perfecting the union between technology and personal vaporizers. Airo Brands is one of the fastest growing brands in the US with products sold in five states and in 800 physical locations. The market for pre-filled vaporizers has expanded rapidly in the US, and while Canadian’s anticipate expansion of the legal medical and recreational cannabis platforms to include a wider offering of product categories, Namaste has positioned itself to leverage its ACMPR license, technology and background in the vaporizer industry to bring Airo Brands’ products into the Canadian marketplace

As Namaste’s strategy to become Canada’s leading online retailer of all things cannabis unfolds, the Company is focused on providing consumers with the best possible choices of cannabis products available on the market. Cannmart’s platform, which has been designed as a comprehensive cannabis marketplace, will offer patients the largest and most diverse offering of products including cannabis flower, oil, vaporizer pens and pre-filled cartridges along with pre-rolls and many other products as they become available in the medical and recreational markets.

Published at Thu, 06 Sep 2018 12:49:54 +0000

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