Namaste’s CannMart indicators licensing agreement with Phyto Extractions – Cannabis News | Life-style Recommendations | Specialist Opinions

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~Phyto Extractions products to be sold by means of CannMart‘s on the internet marketplace and distribution partners~

TORONTO, Dec. two, 2019 /CNW/ – Namaste Technologies Inc. (“Namaste” or the “Company”) (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF), a top on the internet platform for cannabis goods, accessories, and accountable education, right now announced that its majority owned subsidiary, CannMart Labs Inc. has entered into an exclusive licensing agreement with a BC numbered firm dba Phyto Extractions (“Phyto”). The agreement grants CannMart Labs Inc. with an exclusive licence to use Phyto trademarks on specific cannabis goods such as cannabis vaporizing pen cartridges and batteries cannabis capsules and cannabis tincture bottles and jars. The agreement delivers that CannMart Labs Inc., till such time as it could receive a production license, could assign such rights below the agreement to Namaste‘s wholly-owned subsidiary CannMart Inc. 

“Phyto Extractions is an established brand name in the Canadian cannabis marketplace and we welcome their revolutionary goods to the CannMart every little thing cannabis retailer and distribution channel,” mentioned Meni Morim, CEO of Namaste Technologies Inc. “Competition is heating up in Canada with the upcoming launch of cannabis derivative goods following current regulations referred to as Cannabis two. and Namaste is committed to functioning with top cannabis brands, such as Phyto, to get higher excellent goods to prospects. Phyto has a history in the Canadian marketplace and is properly recognized with our present client base. Namaste expects this solution recognition to drive future sales with current and new prospects on the CannMart site and all through our network of government partners.”

Namaste is adding Phyto’s solution line to CannMart, its on the internet marketplace, as it continues to aggressively expand its on the internet solution providing. CannMart is Canada’s on the internet ‘everything cannabis store‘ which carries 1 of the biggest selections of legal cannabis goods from established cannabis producers in Canada and about the planet. It is focused on supplying health-related cannabis individuals and adult-use enthusiasts with access to the highest excellent cannabis goods offered. Namaste is normally in search of to expand and enhance the CannMart on the internet marketplace by means of new goods, retailers and on the internet experiences. CannMart also prepares, packages and distributes cannabis goods by means of strategic relationships with top government agencies. Phyto goods are anticipated to be offered on CannMart.com on December 17, 2019.

About Phyto Extractions
Phyto Extractions is an awarding winning, premium grade cannabis Business primarily based in Canada. The firm was formed more than five years ago and was the 1st spot winner of the Karma Cup in 2015.

About Namaste Technologies Inc.
With headquarters in Toronto, ON, and offices in each B.C. and about the globe, Namaste Technologies is a top on the internet platform for cannabis goods, accessories, and accountable education. The company’s ‘everything cannabis store‘, CannMart.com, delivers prospects with a diverse choice of hand-picked goods from a multitude of federally-licensed cultivators, all on 1 easy web page. Namaste’s worldwide technologies and continuous innovation address regional desires in a burgeoning cannabis market requiring clever options. For additional details about Namaste, please take a look at NamasteTechnologies.com

Supply Namaste Technologies Inc.

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