21:08:47 EDT Thu 18 Apr 2024
Enter Symbol
or Name
USA
CA



Blissco Cannabis Corp
Symbol BLIS
Shares Issued 100,444,338
Close 2018-07-18 C$ 0.36
Market Cap C$ 36,159,962
Recent Sedar Documents

Namaste signs technology agreement with Blissco

2018-07-18 09:21 ET - News Release

See News Release (C-N) Namaste Technologies Inc

Mr. Sean Dollinger of Namaste reports

NAMASTE SIGNS E-COMMERCE AND TECHNOLOGY SERVICES AGREEMENT WITH BLISSCO CANNABIS CORP

Namaste Technologies Inc. has signed an e-commerce and technology services agreement with Blissco Cannabis Corp. Inc., whereby Namaste will provide services, including access to Namaste's technology platforms, software integrations and e-commerce services, including those powered by Namaste's e-commerce artificial intelligence (AI) platform, Findify.io.

Under the terms of this agreement, Namaste will leverage its proprietary technology platforms to develop an innovative on-line marketplace in partnership with Blissco to enhance Blissco's patient experience. Blissco is a Canadian licensed producer and distributor of high-quality medical cannabis that operates an Access to Cannabis for Medical Purposes Regulations (ACMPR) cultivation facility based in Langley, B.C.

Namaste has developed industry-leading technology platforms which bring significant value to both the company and the cannabis industry. This agreement with Blissco represents Namaste's ability to enhance the consumer experience for its own customers and those of its industry peers.

Under the terms of the agreement, Namaste will assist Blissco in enhancing its on-line platform by using Namaste's suite of innovative technologies, including:

  • Comprehensive audit of Blissco's e-commerce platform;
  • Enhancement recommendations to improve the user experience;
  • Software integrations including AI and machine learning through Findify.io;
  • Customization of Namaste's telemedicine application, NamasteMD;
  • E-commerce development services including programming and IT (information technology);
  • Access to same-day delivery service through Pineapple Express Inc.

Blissco will compensate Namaste for services with 210,000 common stock options. Each option will have an exercise term of up to three years.

Namaste is also pleased to announce that president and chief executive officer Sean Dollinger will join Blissco's board of directors. Namaste believes support from its management team will bring value to Blissco's board in areas of technology and e-commerce.

Namaste is focused on the development and acquisition of innovative technologies that will have a significant impact on the cannabis industry. As legalization of medical and recreational cannabis evolves globally and cannabis prices consolidate, Namaste will focus on technology and e-commerce innovations that can offer significant value to the company and its industry peers. As many companies focus on cultivation, Namaste is establishing its position as a leader in e-commerce and technology in the cannabis industry.

Management commentary

Damian Kettlewell, president and CEO of Blissco, comments: "By signing this partnership with Namaste, we are building yet another layer within the Blissco ecosystem that will enhance our connection with customers. This direct connection will provide a critical feedback loop to continuously improve our offerings, cultivate relationships and truly understand our customers. Providing a great experience is paramount for us, and this technology gives us the tools we need to deliver that seamlessly.

"We're also very pleased to have Namaste's CEO Sean Dollinger join our board of directors and feel that Sean will bring great value and insight to our board, and we look forward to expanding our relationship with Namaste in the future."

Mr. Dollinger comments: "We're very proud to be partnering with Blissco and offering these services. We truly feel that the technology we're developing will bring great value to others as well. We consider ourselves very fortunate to be breaking ground in exciting areas of technology, including AI and machine learning, within applications in the cannabis industry. Our technology platforms, like NamasteMD, can also help all Canadians with more convenient access to medical cannabis from the comfort of their home.

"We're proud to be able to offer these platforms to partners and enhance their patients' consultation and buying experience. We're certainly looking forward to working with Blissco and their team, who we believe are aligned with Namaste's values, and have great respect for their management team. Namaste will continue to create and acquire innovative technologies both domestically and abroad.

"I'm honoured to have the opportunity to join Blissco's board of directors and hope to provide significant value to their team in my role."

About Blissco Cannabis Corp.

Blissco Cannabis is an ACMPR licensed producer and future distributor of ultrapremium cannabis. The company sits at the heart of an international ecosystem and is focused on the success of its domestic and global partnerships.

Blissco leverages the latest technology and is continuously developing its network of top-tier industry experts to drive the success of its brand and channels, moving premium Canadian cannabis to local and international markets.

About Namaste Technologies Inc.

Namaste Technologies operates the largest global cannabis e-commerce platform with over 30 websites in over 20 countries under various brands. Namaste's product offering through its subsidiaries includes vaporizers, glassware, accessories and CBD (cannabidiol) products, and the company will soon be selling medical cannabis in the Canadian market, subject to approval by Health Canada.

Namaste has developed and acquired innovative technology platforms, including NamasteMD.com, Canada's first Health Canada compliant telemedicine application, and, in May, 2018, the company acquired a leading e-commerce AI and machine learning company, Findify AB.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.