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Namaste Technologies Inc (TSXV:N)

Summary

Namaste Technologies Inc. (TSXV: N), (FRANKFURT: M5BQ), (OTCMKTS: NXTTF) is a publicly listed cannabis company based in Toronto, Canada. The company is focused on providing the best cannabis-related products and services available. The company operates the largest global cannabis e-commerce platform with over 30 websites in 20+ countries under various brands. The products offered through the company’s subsidiaries include vaporizers, glassware, accessories, CBD products and will soon include medical cannabis in the Canadian market.

Market Overview

$3.130 (-8.210%)
Vol 16,148,231.00
10 Days Avg Vol 0.00
3 Mo Avg Vol 11,303,047.33
52 Wk Lo/Hi $0.195 - $4.400
YTD Price Gain % 5.74%
12 Wks Moving Avg 1.785667
200 Days Moving Avg 1.963800
Market Cap 881,874,022

Company Background

Namaste Technologies Inc. (TSXV: N), (FRANKFURT: M5BQ), (OTCMKTS: NXTTF) 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 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. Findify uses 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.

Highlights

  • $4.1M reported quarterly revenue (Q3)
  • Global operations in over 30 countries
  • Largest E-Commerce Vape/Smoking accessories Globally
  • Integrated AI and Machine Learning acquisition (Findify.io)
  • Canadian medical cannabis ACMPR marketplace Cannmart.com
  • Canada’s leading patient prescription portal and mobile App, NamasteMD
  • “Your Everything Cannabis Store”

Share Structure

As of Aug 2nd , 2018
Shares Issued 284.3 Million
Warrants 27.1 Million
Options 22.5 Million
Fully Diluted 339.9 Million

Other Information

Products

  • NamasteTechnologies.com
  • NamasteMD.com (Canada’s 1st virtual patient portal for medical cannabis)
  • Uppy Cannabis Journal
  • NamasteVapes.ca
  • Everyonedoesit.ca

Management Profiles

Sean Dollinger

Co-Founder, President and CEO

Sean Dollinger is a serial entrepreneur with a shrewd ability to take an idea from conception through successful execution, has a diverse background in all facets of eCommerce. As cannabis became more accepted, Sean recognized an opportunity to not only grow Namaste Technologies originally around cannabis accessories but believed in the good such a business could do in providing people with an easy way to access products and ultimately the different cannabis formulations available. Putting technology like AI and machine learning at the forefront of Namaste’s strategy, Sean positioned Namaste as the number-one eCommerce retailer in the world for cannabis accessories and has set his sights on cannabis next.

Kenneth Ngo

CFO

Kenneth Ngo joined Namaste Technologies Inc. as a corporate controller in April 2018. He has more than 20 years of experience in finance and has held positions of increasing responsibility in a number of US and Canadian publicly traded companies. He received his Chartered Accountant designation while working for Deloitte LLP. Mr. Ngo is a graduate of Simon Fraser University in British Columbia, with a Bachelor of Business Administration degree. He is a member of the Chartered Professional Accountants of Ontario and a U.S. Certified Public Accountant in the state of Colorado.

Laurens Feenstra

Board Member

Laurens Feenstra is currently Product Manager at Waymo, formerly known as Google’s self-driving car project. Prior to Waymo, he worked on some of Google’s most well-known products such as Search, Chromebooks, and Android. As a strategy consultant at McKinsey & Company, he has helped large media, banking, and government clients become data analytics-driven companies. Mr. Feenstra holds degrees in Human-Computer Interaction and Artificial Intelligence from the University of Groningen in the Netherlands and was a visiting researcher on “Intelligent Tutoring Systems” at Carnegie Mellon University.

Branden Spikes

Board Member

Branden Spikes, considered as “Elon Musk’s most trusted lieutenant” by Venture Beat, worked side by side with Musk for over 15 years and helped pioneer groundbreaking technologies at SpaceX, Tesla, and PayPal. He was the CIO of SpaceX for ten years and was instrumental in setting up the information systems at Tesla Motors during its formative years after having served as Director of IT at PayPal. Spikes then founded Spikes Security in 2012, with a mission to solve the most pressing cybersecurity challenge, browser malware and served as its CEO until it merged with Aurionpro in 2017. Mr. Spikes is an investor, advisor and a technology evangelist.

Fern Glowinsky

Board Member

Fern Glowinsky joined Merrco in March 2018 following its acquisition of Payfirma Corporation. Merrco and Payfirma are committed to helping established and emerging businesses thrive through access to payments technology. Ms. Glowinsky has extensive payments sector experience, spending 15 years as a senior executive at Moneris, most recently as COO with accountability for enterprise operations, passionately focused on transforming customer experience. In 2016 Ms. Glowinsky joined Cliffside Capital as CEO and Director, managing its investments in the alternative lending sector. Ms. Glowinsky is a graduate of the joint MBA/JD program at Schulich School of Business and Osgoode Hall Law School and holds the ICD.D designation

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