The MDEL Licence approval represents a strategic milestone for Namaste. The Company will import and distribute Health Canada approved vaporizers classified as Medical Devices in Canada. The licence will provide further value in the future as new manufacturers begin to produce medical grade vaporizer and cannabis devices. This approval positions Namaste as a preferred distributor for medical grade vaporizers across the country.
The acquisition of CannMart represents a strategic decision for Namaste to leverage its strength in e- commerce and logistics in becoming a leader in retail distribution of medical cannabis in Canada.
Namaste is pleased to announce that it has signed a definitive agreement (the “Agreement”) with Cannmart Inc. (“CannMart”) whereby Namaste will purchase all of the issued and outstanding shares in the capital of CannMart, a late stage applicant under the Access to Cannabis for Medical Purposes.
Namaste is pleased to announce that it has entered a memorandum of understanding (“MOU”) with Vinergy Resources Ltd. (“Vinergy”), to jointly market Vinergy’s proprietary Cannabidiol (CBD) extract formulations through referral traffic generated on Namaste’s sales channels and websites.
Namaste is pleased to provide an update on its ecommerce activities including the integration of the EveryoneDoesIt platforms and eBay marketplace.