Mr. Sean Dollinger reports

NAMASTE ANNOUNCES RECORD BREAKING SALES OF C$1.34M, REPRESENTING 21.8% MONTH-ON-MONTH INCREASE

Namaste Technologies Inc. has achieved record monthly sales and traffic for the month of June, 2017. The total unaudited sales as reported by the company (including shipping revenues and after discounts and refunds) were $1,349,545 in June, 2017, compared with $1,108,034 in May, 2017, a 21.8-per-cent increase.

The month-over-month increase in revenue was achieved across the large network of sites operated by Namaste, which all showed higher conversion rates. The increase in revenue is particularly pleasing as, typically, revenue is soft during the summer months. Namaste Vapes and Everyonedoesit showed good progress in conversion rates and average order value, which were drivers of revenue growth. Australian Vaporizers benefited from an already-high conversion rate, which increased to 4.5 per cent for the month. The attached table displays a revenue breakdown for Namaste's various sales channels.

Revenues                     June, 2017       
 
Channels                     $    6,942  
Distribution goods              143,437  
Drop shipping                    18,972  
EDIT                            191,500  
Green Vapes                      17,273  
Namaste                         547,459  
Australian Vaporizers           423,961  
                             ----------
Total revenues               $1,349,545
                             ==========

The attached table shows gross sales of the major sites operated by the company. Revenues in this table do not include shipping revenues and are before discounts and refunds.

 
                 SELECTED E-COMMERCE OPERATING DATA; JUNE, 2017 
   
                        Traffic     Conversion    Orders    Basket price  Gross revenues
             
Namaste                  94,139          1.96%     1,845         $   278     $   513,827
Australian Vaporizers    45,040          4.50%     2,026         $   182     $   367,766
EDIT                    247,717          0.87%     2,148         $    94     $   201,134
Green Vapes               3,479          1.47%        51         $   303     $    15,469
                        -------          -----     -----         -------     -----------
Total                   390,375          1.55%     6,070         $   181     $ 1,098,195
                        =======          =====     =====         =======     ===========

Namaste has implemented proprietary machine-learning algorithms on several of its major sites that adjust website content and product listings on the fly based on user behaviour. These sites have seen substantial increases in conversion rates as a result, and Namaste plans on launching the same technology throughout its platform.

At the end of June, the company granted 1,725,000 options to staff and consultants. The options will vest quarterly over a period of two years and are exercisable for five years at an exercise price of 25 cents.

Management commentary

Sean Dollinger, president and chief executive officer of Namaste, commented: "We're very excited to see amazing results in June sales due to of all the hard work from our management team in implementing innovative strategies to increase sales organically. The implementation of machine learning to our platform has had immediate positive results. We expect to see similar results once this technology is launched throughout our platform. We look forward to continued growth as well as expansion into new markets and product categories."

About Namaste Technologies Inc.

Namaste Technologies is an emerging leader in the 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. The company is currently focused on expanding its product offering, acquisitions and strategic partnerships and entering new markets globally.

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