Namaste Technologies Subsidiary CannMart Signs Master Distribution Agreement with Rapid Dose Therapeutics Corp.
09 Julho 2021 - 9:00AM
Namaste Technologies Inc.
(“
Namaste” or the “
Company”)
(TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) a
marketplace platform for cannabis and wellness products, is very
pleased to announce that its subsidiary, CannMart Inc. has signed a
Master Distribution Agreement with Rapid Dose Therapeutics Corp.
(“RDT”) (CSE: DOSE). As part of this agreement and subject to
certain criteria, CannMart will be the exclusive distributor of
their innovative RDT branded products across Canada including:
1. QuickStrip™, a 10 mg THC
sublingual oral dissolving strip, infused with cannabis that is
delivered quickly into the bloodstream bypassing first-pass
metabolism resulting in rapid onset of the active ingredient
and;
2. QuickSips™, a 10 mg THC
lined drinking straw that is 100% biodegradable made from sugarcane
fibres which is easily used in hot or cold beverages lined with a
precise dose that dissolves quickly and is taken up with your
beverage in a few sips.
“We are excited to enter into this agreement
with RDT to distribute their innovative cannabis products,” said
Meni Morim, CEO of Namaste. “As we continue to build a wide
spectrum of cannabis products that offer both traditional and newer
delivery platforms, and we are pleased to be entering a new
category with the addition of the QuickStrip™ and QuickSips™ line
of products. CannMart continues to rapidly increase its SKU count
which now stands at approximately 700 and receives a record number
of requests from vendors across North America to list their
products onto our innovative marketplace platform. We are confident
this will be a successful partnership with RDT and we look forward
to achieving our growth objectives.”
“Roilty” Brand Vape Carts First Purchase
Orders:
CannMart is pleased to announce that it has
received its first purchase orders from the provinces of Manitoba,
and Saskatechewan for its 2.0 consumer-focused, recreational house
brand “Roilty” Concentrates. Under the “Roilty''
brand, we will launch new products such as distillate vapes
followed by live resin, shatter, crumble and wax in the coming
quarters and with many more provinces across Canada. The distillate
vapes will be manufactured in bulk by a third party to be packaged
at the CannMart facility. This will be a great step to get products
into the market as the CannMart Labs team dials in its processes
for new and exciting 2.0 products coming in the near future.
“Roilty” will be positioned as a premium, accessible and legacy
inspired brand. This launch of the “Roilty” Concentrate Vapes is in
conjunction with July 10th (“710” / “OIL”) International Oil
Day.
About Rapid Dose Therapeutics
Corp:
Rapid Dose Therapeutics Corp. is a
publicly-traded Canadian life sciences company providing
innovative, proprietary drug delivery technologies designed to
improve outcomes and quality of lives. RDT offers Quick,
Convenient, Precise and Discreet™ choices to consumers. RDT is
focused and committed to clinical research and product development
for the healthcare manufacturing industry — including
nutraceutical, pharmaceutical and cannabis industries. RDT is
committed to continually create innovative solutions for humans,
animals, and plants.
About Namaste Technologies
Inc.
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
For more information please
contact:Namaste Technologies Inc.Meni Morim, CEOEdward
Miller, VP Investor RelationsPh: 647-362-0390Email:
ir@namastetechnologies.com
Source: Namaste Technologies Inc
FORWARD-LOOKING INFORMATION – This news release
contains “forward-looking information” within the meaning of
applicable securities laws. All statements contained herein that
are not historical in nature contain forward-looking information.
Forward-looking information can be identified by words or phrases
such as “may”, “expect”, “likely”, “should”, “would”, “plan”,
“anticipate”, “intend”, “potential”, “proposed”, “estimate”,
“believe” or the negative of these terms, or other similar words,
expressions and grammatical variations thereof, or statements that
certain events or conditions “may” or “will” happen.
The forward-looking information contained
herein, including, without limitation, statements related to
distribution of cannabis products including Roilty products through
CannMart provincial buyers are made as of the date of this press
release and is based on assumptions management believed to be
reasonable at the time such statements were made, including,
without limitation, Namaste’s ability to maintain momentum of
expanding the CannMart Inc. business, as well as other
considerations that are believed to be appropriate in the
circumstances. While we consider these assumptions to be reasonable
based on information currently available to management, there is no
assurance that such expectations will prove to be correct. By its
nature, forward-looking information is subject to inherent risks
and uncertainties that may be general or specific and which give
rise to the possibility that expectations, forecasts, predictions,
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assumptions may not be correct and that objectives, strategic goals
and priorities will not be achieved. A variety of factors,
including known and unknown risks, many of which are beyond our
control, could cause actual results to differ materially from the
forward-looking information in this press release. Such factors
include, without limitation: regulatory risk, risks relating to the
Company’s ability to execute its business strategy and the benefits
realizable therefrom and risks specifically related to the
Company’s operations. Additional risk factors can also be found in
the Company’s current MD&A and annual information form, both of
which have been filed under the Company’s SEDAR profile at
www.sedar.com. Readers are cautioned not to put undue reliance on
forward-looking information. The Company undertakes no obligation
to update or revise any forward-looking information, whether as a
result of new information, future events or otherwise, except as
required by applicable law. Forward-looking statements contained in
this news release are expressly qualified by this cautionary
statement.
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