Namaste Technologies (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) has signed a supply and purchase agreement with True Leaf Brands (OTCQX: TRLFF) (CSE: MJ) (DEUTSCHE BORSE: TLA).
Under the agreement with True Leaf, Namaste will market and distribute a line of hemp-based supplements for pets through its online marketplace, CannMart.com.
“We’re building a technologically exciting marketplace for the adult-use cannabis market where we can reimagine the experience and product offering available to both our customers and vendors,” Meni Morim, interim CEO at Namaste, stated.
The companies have jointly agreed to donate 10 percent of all profits generated from the first month of sales to help local animal rescue shelters.
CannMart.com is expected to launch the True Leaf products in the third quarter of 2019.
“Namaste Technologies and its online direct-to-consumer platforms allow us to reach cannabis customers worldwide who are looking for safe, legal, and effective alternatives for their pets,” True Leaf CEO Darcy Bomford stated. “Our line of hemp-seed based pet supplements is a great way to introduce Namaste’s customers to the health benefits of hemp for pets. We also look forward to soon offering a line of CBD products for pets in Canada and abroad, pending regulatory approval.”
World’s Leading Cannabis Marketplace
Namaste is a cannabis e-commerce. Founded in 2005 by Sean Dollinger and Kory Zelickson, the company is now known as the Amazon of cannabis.
The company uses artificial intelligence to assist patients and customers, and conducts business selling vaporizers and smoking paraphernalia in 20+ countries with 30+ websites and currently has over 1.5 million global customers, according to Wikipedia.
Namaste integrated telemedicine application, NamasteMD.com, connects medical clients with health care practitioners to more readily issue and renew cannabis prescriptions online. Featuring the first Canadian medical sales-only license, the company’s own CannMart.com which is your ‘everything cannabis store’.
The company’s artificial intelligence engine incorporated in its platforms and related Uppy App is designed to identify the right product and pairing to address specific medical cannabis requirements.