PHOENIX, AZ / ACCESSWIRE / November 7, 2018 /Namaste Technologies Inc. (”Namaste” or the ”Company”) (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) operates the largest global cannabis e-commerce platform with over 30 websites in 20+ countries under various brands. Kory Zelickson, Co-Founder and VP of Business Develop and Investor’s Relations, joined Stock Day’sEverett Jolly.
Jolly started off by asking Zelickson to explain the strategy and deal with Buds2Go, an online platform.
”The company is really focused onecommerce and technology,” said Zelickson. ”What’s unique about our license is it’s the first medical cannabis sales license that’s been issued to a non-cultivator. Every other which sells cannabis inCanada, also grows it. But our intention isn’t to grow cannabis, we want to focus on selling it online.”
Zelickson went on to say that Namaste Technologies offers the largest global platform for cannabis and ancillary products and accessories. He says they are leveraging their expertise in selling online in Canada. Buds2go will now offer users access to medical cannabis consultations through the Company’swholly ownedsubsidiary and online patient portal, NamasteMD Inc.
”It’s a really exciting opportunity for us because we get to use our technology and our platform, NamasteMD to help people gain access to consultations for medical cannabis that will allow them to order through regulated channels.”
Jolly then asked how the legalization of recreational marijuana has impacted the business. Zelickson said they have noticed a supply shortage and some producers are allocating their entire stock to recreational users are running out of stock for medical patients.
”We are hoping that over the next 8 to 10 months, with a lot more producers coming online and a lot more licenses inprocess, we’ll sort of bridge that gap as an industry,” said Zelickson.
Jolly then asked for an update on UK medical cannabis. Zelickson said there’s been amazing progress in the UK.
”They’ve now introduced new legislation that allows for the use of medical cannabis for specific conditions. It’s a little bit restricted right now, but hopefully opening up real soon,” explained Zelickson.
He went on to say that Namaste Technologies has a presence in the UK with half-a-million people in the database. The UK is a very important market for the company. They have a three-pronged approach to tackling the market with distribution and importation and supply. They are also looking to acquire a partner in the UK and launch the telemedicine app, NamasteMD.
Jolly then asked how the company will keep up withpatient acquisition. Zelickson explained there is an influx of traffic through NamasteMD as a result of the agreement with Bud2go.
”We’ve been ramping up the healthcare practitioner team that facilitates the consultations through NamasteMD in order to accommodate the demand. The idea is that NamasteMD is a platform and people can come on, download the app and start their consultations and then the Nurse Practitioners should access the system, and as we expand more and more will be brought on.”
To hear the entire interview, follow the link here to the Stock Day podcast: https://upticknewswire.com/featured-interview-co-founder-kory-zelickson-of-namaste-technologies-inc-otcqb-nxttf-2/
About Namaste Technologies Inc.:
Namaste Technologies is Your Everything Cannabis Store™. Namaste operates the largest global cannabis e-commerce platform with over 30 websites in 20+ countries under various brands. Namaste’s product offering through its subsidiaries includes vaporizers, glassware, accessories, CBD products, and medical cannabis in the Canadian market.
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.Findifyuses artificial intelligence algorithms to optimize and personalize a consumer’s on-site buying experience. Namaste is focused on leveraging its cutting-edge technology to enhance the user experience throughout its platforms. Namaste will continue to develop and acquire innovative technologies which will provide value to the Company and to its shareholders as well as to the broader cannabis market.
Chief Executive Officer
Direct: +1 604-355-6100
Email: [email protected]
Further information on the Company and its products can be accessed through the links below:
This press release contains forward-looking information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions, Namaste assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s disclosure documents which can be found under the Company’s profile on www.sedar.com. This press release contains ”forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The TSXV has neither reviewed nor approved the contents of this press release.
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