Mr. Sean Dollinger reports

NAMASTE ANNOUNCES FURTHER INCREASE TO BOUGHT DEAL OFFERING TO $10 MILLION

Further to its press release dated Feb. 24, 2017, Namaste Technologies Inc. has entered into an amended letter of engagement with Eight Capital and Canaccord Genuity Corp. as co-lead underwriters and joint bookrunners, and including Beacon Securities Ltd., under which the underwriters have now agreed to purchase 40 million units of the company on a bought deal private placement basis, subject to all required regulatory approvals, at a price per unit of 25 cents for total gross proceeds of $10-million. Each unit shall consist of one common share of the company and one-half of one common share purchase warrant. Each warrant shall entitle the holder thereof to acquire one share at a price of 35 cents for a period of 24 months following the closing date.

In the event that the closing sale price of the company's shares on the Canadian Securities Exchange is greater than 70 cents per share for a period of 10 consecutive trading days at any time after the closing of the offering, the company may accelerate the expiry date of the warrants by giving notice to the holders thereof, and, in such case, the warrants will expire on the 30th day after the date on which such notice is given by the company.

The company has granted the underwriters an overallotment option to purchase up to an additional six million units at the offering at the offering price, exercisable in whole or in part, at any time on or prior to 48 hours prior to the closing of the offering. If this option is exercised in full, an additional $1.5-million will be raised pursuant to the offering, and the aggregate proceeds of the offering will be $11.5-million.

The company intends to use the net proceeds of the offering for the acquisition of Australian Vaporizers Pty. Ltd., and for working capital and general corporate purposes.

The closing date of the offering is scheduled to be on or about March 9, 2017, and is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the Canadian Securities Exchange and the applicable securities regulatory authorities.

About Namaste Technologies Inc.

Namaste Technologies is an emerging leader in vaporizer and accessories space. Namaste has 26 e-commerce retail stores in 20 countries, offers the largest range of brand name vaporizers products on the market, and is actively manufacturing and launching multiple unique proprietary products for retail and wholesale distribution.

We seek Safe Harbor.