Wednesday, October 8, 2025

Latest

Namaste Technologies Adds Kief Brand to its Product Line, Issues Corporate Update

Namaste Technologies Inc. (TSXV: N) has announced that CannMart Inc, its subsidiary, has increased its product line by adding Kief Cannabis Co. to the marketplace, and has also entered into an agreement to supply cannabis products to Alberta Gaming, Liquor & Cannabis (AGLC). In addition, Namaste has also granted stock options to its CFO.

Namaste Technologies Logo

Kief has successfully received a Health Canada license for its craft flower and concentrates, and now its medical cannabis products will be available via CannMart’s B2B sales and websites. Currently, CannMart owns a minority portion of Kief, as well as holds certain purchasing rights.

In addition to adding Kief products to its marketplace, CannMart has also entered into a supply agreement with Alberta Gaming, Liquor & Cannabis (AGLC), which is Alberta’s governing agency overlooking all cannabis distribution in the province. AGLC is also the only legal online seller for adult-use cannabis. The company has various other supply agreements with provincial regulators, including Manitoba, British Columbia, Saskatchewan, and Ontario.

Namaste has also announced that as of December 7, 2019, the company has granted its chief financial officer 200,000 stock options, with each stock option exercisable into one common share. The stock options have an exercise price of $0.325, and a duration of 5 years. After three years, those options will be eligible for full ownership by the employee, via equally divided tranches every six months.

Other news released by the company today includes that it has been integrating Artificial Intelligence (AI) into its online marketplace. NamasteMD is the company’s online consultation tool, which gives patients direct access with healthcare professionals. Now, the company has added an AI feature which will give the user a customized product recommendation based on their assessed needs, and then direct them to CannMart to purchase the product.

Furthermore, due to lack of effective revenues with some of Namaste’s online retail outlets, the company has decided to consolidate some of those websites in order to better compete in the cannabis market. Going forward, Namaste will consolidate a total of 14 websites, and will only have 6 international sites remaining, which are Namaste Vapes Canada, Namaste Vapes Germany, Namaste Vapes UK, Namaste Vapes France, Australian Vaporizers, and Everyonedoesit UK.

However, due to increasing international government regulations regarding insurance and medical cannabis, Namaste has decided to stop expanding its marketplace in the United Kingdom for the time being.

Namaste is a company focusing on online sales of cannabis accessories and products from licensed cultivators.

Namaste Technologies Inc is currently trading at $0.55 on the TSX Venture.


Information for this analysis was found via Sedar and Namaste Technologies Inc. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.


Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Plant Based Stocks – The Daily Dive feat Sean Dollinger of PlantX Life

Today on the Daily Dive, Sean Dollinger, founder of PlantX Life (CSE: VEGA) sits down...

Tuesday, December 8, 2020, 01:00:00 PM

Namaste Technologies Inks Two Provincial Distribution Agreements

Namaste Technologies (TSXV: N) announced this morning that it has signed two distribution agreements with...

Tuesday, November 12, 2019, 09:55:02 AM

Namaste Posts First Quarter Revenues of $5.3 Million, Net Loss of $7.4 Million

Namaste Technologies (TSXV: N) this morning published its first quarter 2020 financial results, revealing its...

Wednesday, June 10, 2020, 09:57:37 AM

Namaste Tech Prepares To Walk From Choklat Investment

It appears that Namaste Tech (TSXV: N) is about done with that of Choklat Inc,...

Wednesday, June 17, 2020, 08:40:55 AM

Namaste Technologies Settles Class Action Lawsuits

Namaste Technologies (TSXV: N) announced this morning that it had settled class action lawsuits that...

Thursday, July 25, 2019, 09:14:42 AM