Namaste Technologies Inc.
(“
Namaste” or the “
Company”)
(TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) a
marketplace platform for cannabis and wellness products, is pleased
to provide the following corporate updates:
550+ New SKUs on
CannMart.com
Namaste is very excited to announce that it is
presently receiving a record amount of requests from vendors across
North America to list their products onto the CannMart.com
platform. This validation is a clear statement from an increasing
amount of vendors that the CannMart.com marketplace platform can
make a valuable differentiated distribution channel which has
resulted in over 550 SKUs launched in the last three months
including items from these popular brands:
In Canada we have launched SKUs from the
following brands:
- Bello Vapor Tap - The world’s first
vapor tap
- Emprise - A wide range of
proprietary water-soluble nano-emulsion oils and sprays
- Heritage Cannabis - Industry leader
in cannabinoid extractions and CPG innovations
- Kalaya - Medically directed, health
and beauty care brand that uses problem-solution based
formulations
- KUSHKRAFT - Embracing the rich
history of cannabis by integrating its vast culture into the
licensed market
- Lumiera Health - AwayeTM - A
non-regulated cannabinoid derived topical cream for the potential
treatment of joint and muscle pain
In the USA we have further expanded our platform
with the addition of SKUs from the following brands:
- 7NRG - World’s first fully
recyclable sports nutrition shake that combines energy and protein
powders with hemp derived CBD
- CBD For The People - A hemp derived
CBD flower producer
- Martha Stewart CBD - Combining
gourmet flavors with state-of-the-art hemp derived CBD isolate
- Kine Industries - Sublingual
products infused with the highest quality hemp derived CBD and CBG
extracted from industrial hemp that contain no THC, and are vegan
and gluten free
- FullBodyZen - a vertically
integrated hemp derived CBD / CBG / Hemp / Melatonin Supplier
- Shine Brands - Parent company of
Shine Papers is the inventor of the world's first 24K gold rolling
paper
Namaste Corporate Makes Move to Virtual
Office Permanent:
The Company has successfully subleased its
Toronto office location until expiry of its lease on October 30,
2024 such that all corporate staff now work virtually from anywhere
in the world.
"We are a global company that hires the best
talent irrespective of their location,” said Meni Morim, CEO of
Namaste. “Furthermore, we are committed to reducing our carbon
footprint as part of developing Environmental, Social and
Governance (ESG) plans, appreciating that ESG is increasing in
importance to all stakeholders.”
This strategic and sustainable decision will
also save the Company approximately $138,000 annually.
Award Grants:
The Board of Directors and its compensation
committee consulted with independent industry experts to best
determine the overall remuneration package to stay competitive in
the marketplace and to attract and retain top-tier talent. Long
term incentive program benchmarks, including option and RSU grants,
were established from peer companies with comparable market
capitalization, operating not only within the cannabis sector, but
in similar and adjacent sectors, and compared against historical
grants and standards. Long term incentives that vest over multiple
years tie individual success with the long-term success of the
Company without impacting cash resources.
To that end, the Board of Directors yesterday
approved, effective after market close, the grant of an aggregate
of 311,250 stock options to officers and a consultant of the
Company, which are exercisable into common shares of Namaste at a
price of $0.25 per common share, having previously granted on May
6, 2021, 735,800 stock options to non-officer employees and a
consultant of the Company, in accordance with the rules of the TSX
Venture Exchange and the Company’s Stock Option Plan. The stock
options granted to officers and employees have a term of four years
in equal tranches every six months over three years from the
applicable grant date and will expire on June 13, 2025 and May 5,
2025 respectively.
In addition, at the same time, the Board of
Directors approved the grant of 311,250 restricted share unit
awards (“RSUs”) in favour of officers and a
consultant of the Company thereby reserving 311,250 commons shares
for issuance in connection therewith, having previously granted on
May 6, 2021, 535,800 RSUs in favour of non-officer employees in the
Company, all in accordance with the rules of the TSX Venture
Exchange and the Company’s Restricted Share Unit Plan adopted by
the shareholders at the Company’s last AGM. The RSUs granted to
officers and employees vest in equal tranches every six months over
three years from the date of their respective grants.
For further information on Namaste’s public
disclosure, consult the Company’s issuer profile on SEDAR at
www.sedar.com.
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, are made as of the date of this press release and are based
on assumptions management believed to be reasonable at the time
such statements were made. 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, projections or conclusions will not prove
to be accurate, that 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: the Company’s
ability to successfully operate everywhere in a virtual
environment. 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.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release or has in any way approved
or disapproved of the contents of this press release.
Namaste Technologies (TSXV:N)
過去 株価チャート
から 11 2024 まで 12 2024
Namaste Technologies (TSXV:N)
過去 株価チャート
から 12 2023 まで 12 2024