Category: Consumption Devices

Namaste Receives Health Canada Confirmation of Readiness

SHARE THIS POST VANCOUVER, British Columbia, Jan. 22, 2018 (GLOBE NEWSWIRE) — Namaste Technologies Inc. (“Namaste” or the “Company”) (CSE:N) (FRA:M5BQ) (OTCMKTS:NXTTF) is pleased to announce that Health Canada’s Office of Medical Cannabis has provided the Company with a Confirmation of Readiness (“COR”) for a license under Canada’s Access to Cannabis for Medical Purposes Regulations (“ACMPR”) for the Company’s wholly owned subsidiary, Cannmart Inc. (“Cannmart”). Cannmart is a late-stage applicant under the ACMPR for a medical cannabis “sales-only” license. Namaste plans to leverage its growing site traffic and existing consumer databases along with the Company’s revolutionary patient acquisition tool, NamasteMD.com, to become Canada’s leading e-commerce retailer for medical cannabis products. Further to receiving the COR and as construction of the Cannmart facility nears completion, the Company is now focused on providing all additional information as required by Health Canada in order to have the “sales-only” license issued. Once Cannmart’s ACMPR “sales-only” license is issued, the Company will focus on sourcing medical cannabis from a large variety of domestic and international producers in order to offer the largest variety of strains to its patients. Namaste’s goal is to create a simplified user experience to assist patients with a smooth onboarding process and access to the highest quality products available on the market. Management Commentary Sean Dollinger, President and CEO of Namaste comments: “We are beyond excited to receive this amazing...

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Namaste Announces Participation As Lead Order In Atlas Growers Private Placement And Secures 20% Of Net Production

SHARE THIS POST Vancouver, British Columbia, Canada – Namaste Technologies Inc. (“Namaste” or the “Company”) (CSE: N), (FRANKFURT: M5BQ), (OTCMKTS: NXTTF) is pleased to announce that the Company is participating as a lead order in a private placement offering (“Private Placement”) by Atlas Growers Ltd. (“Atlas”), which is a late-stage applicant for an Access to Cannabis for Medical Purposes (“ACMPR”) cultivation and sales license. In consideration of the investment, Atlas and Namaste’s wholly owned subsidiary, Cannmart Inc. (“Cannmart”) have entered in to a Supply Agreement (the “Supply Agreement”) whereby Atlas agrees to guarantee supply to Cannmart by offering first right of refusal for a minimum of 20% of the net production of medical cannabis through Atlas. The Company’s participation in the Private Placement and subsequent Supply Agreement offer significant value to Namaste shareholders not only as an investment, but also in securing a reliable supply of high quality medical cannabis. The Company believes Atlas’ strong management team and business plan provide a strategic partnership opportunity with Atlas to ensure a guaranteed cannabis supply to Namaste, while at the same time broadening Atlas’ exposure to the market via Cannmart’s online retail channels. Namaste has completed the Subscription Agreement under the terms of the Private Placement, for C $200,000 in exchange for 200,000 Class B Common shares of Atlas stock at a price of C $1.00 per common share. The Supply...

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Lifestyle Delivery Systems Announces Completion of Non-Brokered Private Placement Financing and Grant of Stock Options

SHARE THIS POST Vancouver, British Columbia–(Newsfile Corp. – January 12, 2018) – Lifestyle Delivery Systems Inc. (CSE: LDS) (OTCQB: LDSYF) (FSE: LD6) (WKN: A14XHT) (“LDS” or the “Company”) is pleased to announce that it has closed a non-brokered private placement financing (the “Financing”) of a total of 5,500,000 units (the “Units”) at a price of Cdn$0.50 per Unit (the “Issue Price”), for total gross proceeds of Cdn$2,750,000. Due to strong investor demand, the Financing was oversubscribed. Each Unit sold in the Financing consisted of one common share of the Company (each a “Unit Share”) and one common share purchase warrant (each a “Warrant”) entitling the holder to purchase one additional common share (a “Warrant Share”) at a price of $0.75 per Warrant Share for a period ending one year from the date of issuance. The Company may accelerate the expiration date of the Warrants if the daily volume weighted average share price of the Company’s common shares on the Canadian Securities Exchange (or such other stock exchange as the Company’s common shares are then trading on) is equal to or greater than Cdn$1.50 for 10 consecutive trading days. The securities issued under the Offering will be subject to a hold period expiring on May 12, 2018, pursuant to applicable Canadian securities laws. This news release does not constitute an offer to sell, or a solicitation of an offer to...

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Namaste Announces Services Agreement With Cannamerx Cannabis Mercantile Exchange

SHARE THIS POST January 10, 2018 by Namaste Technologies Namaste Technologies Inc. (“Namaste” or the “Company”) (CSE: N)(FRANKFURT: M5BQ)(OTCMKTS: NXTTF) is pleased to announce that it has entered into a Services Agreement (the “Agreement”) with 3955 Trading Inc. (“Cannamerx”), Canada’s first online marketplace for the wholesale purchase of medical cannabis certified under the Access to Cannabis for Medical Purposes Regulations (“ACMPR”). Cannamerx is a fully automated, ACMPR-compliant forward auction trading platform for bulk cannabis and cannabis products in Canada. Developed in close collaboration with Canadian licensed producers, Cannamerx is designed to facilitate the trade of bulk cannabis and cannabis products between licensed producers throughout the country. Namaste believes that Cannamerx’s platform will offer strategic benefits to the Company’s wholly owned subsidiary, Cannmart Inc. (“Cannmart”), which is a late stage ACMPR applicant for a medical cannabis “sale-only” license. Through Cannmart, Namaste will create an online retail marketplace for medical cannabis that will offer the largest variety of products sourced from ACMPR licensed producers as well as international cultivators. Terms of the Agreement: All bids submitted over the platform are binding; Sale transactions are Ex Works; Cannamerx offers strong buyer protection to ensure products match descriptions; Cannamerx ensures that all ACMPR compliant; Cannamerx is strictly a business to business marketplace; Cannamerx does not charge sign-up or listing fees; Cannamerx does not charge any buyer commission; Bidding on Cannamerx is anonymous; and...

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