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Namaste Technologies debuts new marketplace platform VendorLink for cannabis accessories

Cannabis hardware company Canada Puffin will be the first brand uploaded to VendorLink

Namaste Technologies Inc -
CannMart is Toronto-based Namaste’s online cannabis store

Namaste Technologies Inc (CVE:N) (OTCMKTS:NXTTF) is launching VendorLink, a new marketplace platform for cannabis accessory products, it announced Friday.

The proprietary platform allows brands and vendors to upload and sell cannabis accessory products directly to CannMart customers, according to the firm. CannMart is Toronto-based Namaste’s online cannabis store.

Cannabis hardware company Canada Puffin, which specializes in hand-blown glass and natural pipes and accessories, will be the first brand uploaded to VendorLink.

READ: Namaste Technologies inks agreement with e-commerce company Lifted Innovations

In a statement, Namaste told shareholders that CannMart is in a “unique position” to leverage its online presence with companies looking to expand their reach.

"Having been first conceived two years ago, we are thrilled to present VendorLink as the answer for cannabis accessory vendors large and small, looking to introduce their products to a fresh, Canada-wide audience through CannMart.com via a marketplace model," said Meni Morim, CEO of Namaste Technologies.

Morim called Canada Puffin the “perfect brand” to debut its products on the platform as a “dedicated proponent” of both cannabis and Canadian culture.

Canada Puffin CEO Dale Falkenstein said VendorLink offers a great way for Canada Puffin to introduce its premium accessories to a new audience of “dedicated, cannabis-positive” Canadians.

"We look forward to expanding our presence through the Namaste network and are excited to be featured within this marketplace amongst some of the most notable brands in the industry,” Falkenstein added.

Namaste recently inked an agreement with private e-commerce company Lifted Innovations Inc to collaborate on potential US business opportunities.

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

Quick facts: Namaste Technologies Inc

Price: 0.285 CAD

TSX-V:N
Market: TSX-V
Market Cap: $92.33 m
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