leadf
logo-loader
viewNamaste Technologies Inc

Namaste Technologies subsidiary CannMart inks Canadian supply deal with HEXO

Namaste said the new agreement with HEXO points to the continued validation of CannMart.com as a platform for Canadian medical cannabis

Namaste Technologies Inc -
Namaste says working with established players such as HEXO expands the company’s product range within the medical cannabis market, while allowing its partners to focus on producing and marketing their cannabis products

Namaste Technologies Inc (CVE:N) (OTCMKTS:NXTTF) (FRA:M5BQ) announced that cannabis products from well-known licensed producer HEXO Corp (TSE:HEXO) will be available to Canadian medical customers on Namaste subsidiary CannMart.com beginning in March on an ongoing basis, or until such time as the agreement is terminated by either party.  

Namaste said the new agreement with HEXO points to the continued validation of CannMart.com as a platform for Canadian medical cannabis. 

“Working with established players such as HEXO expands our product range within the medical cannabis market, while allowing our partners to focus on their business of producing and marketing their cannabis products,” Namaste Technologies CEO Meni Morim said in a statement.  

READ: Namaste Technologies receives TSX approval for its US expansion plans

He added: “It is important that we continue to offer our medical customers increased access to a wider range of medical cannabis products for home delivery across Canada.”

“We recently announced the addition of Auxly and The Green Organic Dutchman (TGOD) to CannMart.com’s offering and the addition of HEXO products illustrates continued validation of our platform as a growing distribution channel for cannabis in Canada.”

Namaste Technologies is a cannabis-focused, e-commerce technology company with a goal of becoming the one-stop-shop for everything a cannabis user needs.

The Toronto-based company, which has been described as the “Amazon of cannabis,” operates the largest global cannabis e-commerce platform with over 30 websites in more than 20 countries under a variety of brands. 

In addition to its product offerings of vaporizers, glassware, accessories, and CBD products, the company's CannMart Inc, is a key part of its operations that sells online medical and recreational cannabis.  

Contact Sean at sean@proactiveinvestors.com

Quick facts: Namaste Technologies Inc

Price: 0.34 CAD

TSX-V:N
Market: TSX-V
Market Cap: $136.92 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Namaste Technologies Inc named herein, including the promotion by the Company of Namaste Technologies Inc in any Content on the Site, the...

FOR OUR FULL DISCLAIMER CLICK HERE

Namaste’s Business Evolution Expanding into Wellness and Nutraceuticals

Namaste (CVE: N- OTCMKTS: NXTTF) CEO Meni Morim joined Steve Darling from Proactive with news the company is making a move into wellness with the launch of a Nutraceuticals Division. Morim talks about the strategy behind this move, how the company plans to lead in Cannabis 3.0 and also about...

3 weeks, 4 days ago

2 min read