Mr. Meni Morim reports
NAMASTE TECHNOLOGIES ANNOUNCES THE LAUNCH OF ITS CONSUMER-FOCUSED RECREATIONAL HOUSE BRAND "ROILTY"
Namaste Technologies Inc. has launched its 2.0 consumer-focused recreational house brand
Under the Roilty brand, Namaste's wholly owned subsidiary, CannMart Inc., will launch new products such as live resin targeted to be available in February, followed by rosin, shatter, crumble and wax in successive quarters. Trademark for Roilty is pending approval.
The focus of the new brand Roilty is specifically focused around 2.0 products. With the recent acquisition of CannMart Labs Inc., Namaste now has the capability to develop high-quality products that are in high demand at a lower price than competitors. Roilty will be positioned as a high-end, accessible mainstream brand.
CannMart Labs facility in Ontario is completed for BHO extraction using leading extraction technology, making it one of only a few facilities in Canada with such capabilities;
Set to produce in-house branded cannabis 2.0 products for medical channel customers available at CannMart and recreational customers across Canada through sister company CannMart's network of provincial sales partners;
Cannabis 2.0 products initially planned include vape cartridges, live resin and shatter, with capabilities to expand future product offerings to rosin, capsules, tinctures and edibles.
Phyto one-gram vape cartridges
- CannMart to launch Phyto 1-gram vape carts, a product with high demand coupled with high margins. The company anticipates a shift in consumer demand from 0.5-gram to one-gram vape cartridges.
The following SKUs will be available in a one-gram cartridge:
A purchase order from a province has just been received for two of our best-selling strains, blueberry and pink kush. Grapefruit haze and green apple are two new strains based on consumer demand feedback.
"We are excited for the launch of our in-house brand Roilty as we see an increasing demand for additional 2.0 products with a strong value proposition," said Meni Morim, chief executive officer of Namaste. "We are working hard towards receiving our processing licence from Health Canada and look forward to producing our in-house branded cannabis 2.0 products, for our medical channel customers at
[the CannMart website]
and recreational consumers across Canada through our network of provincial sales partners. We are clearly focused on the execution of our strategy to position Namaste as a leading cannabis company and look forward to building on this positive momentum in 2021."
Namaste retains market-making services
Namaste has, subject to regulatory approval, retained Venture Liquidity Providers Inc. (VLP) to initiate its market-making service to provide assistance in maintaining an orderly trading market for the common shares of the company.
The market-making service will be undertaken by VLP through a registered broker, W.D. Latimer Co. Ltd., in compliance with the applicable policies of the TSX Venture Exchange and other applicable laws. For its services, the corporation has agreed to pay VLP $5,000 per month for a period of 12 months. The agreement may be terminated at any time by the corporation or VLP. The corporation and VLP act at arm's length, and VLP has no present interest, directly or indirectly, in the corporation or its securities. The finances and the shares required for the market-making service are provided by W.D. Latimer. The fee paid by the company to VLP is for services only.
VLP is a specialized consulting firm based in Toronto providing a variety of services focused on TSX-V-listed issuers.
About Namaste Technologies Inc.
Headquartered in Toronto, Canada, Namaste Technologies is a leading on-line platform for cannabis products, accessories and responsible education. The company's everything cannabis store, CannMart, provides medical customers with a diverse selection of hand-picked products from a multitude of federally licensed cultivators, all on one convenient site. The company also distributes licensed and in-house branded cannabis and cannabis-derived products to recreational consumers in Canada through a number of provincial government control boards and retailing bodies and facilitates licensed cannabis retailer sales on-line in Saskatchewan. Namaste's global technology and continuous innovation address local needs in a burgeoning cannabis industry requiring smart solutions.
We seek Safe Harbor.
© 2023 Canjex Publishing Ltd. All rights reserved.