TORONTO, March 03, 2021 (GLOBE NEWSWIRE) -- Namaste Technologies Inc. (“Namaste” or the “Company”) (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) a marketplace platform for cannabis and wellness products, is pleased to announce the appointment of Ms. Slava Klems, CPA, CA as Chief Financial Officer (CFO) effective March 3, 2021. Ms. Klems has been the Interim CFO as of October 31, 2020. “I would like to congratulate Ms. Klems on her well deserved appointment,” said Meni Morim, CEO of Namaste. “Ms. Klems has an impressive background in corporate finance with experience in technology and platform integration and has shown an incredible business acumen since joining the Company. Since Ms. Klems tenure, much work has been done to automate many new areas in accounting including our accounts payable cycle, streamlining the payment processing system directly to our bank accounts and managing our monthly budgeting analysis by integrating the company’s budgets directly into the accounting system. I look forward to continue working with Ms. Klems as we seek to drive Namaste forward.” About Slava Klems Ms. Klems is an accomplished finance executive with over 10 years experience in senior finance management positions at AIMIA Inc. (Aeroplan) and Dominion Citrus Income Fund, plus experience across diverse industries including retail, distribution, manufacturing, pharmaceutical and automotive sectors. She joined Namaste in July 2020 and has proven herself as a driven and hardworking professional with a proven record in change management, process optimization and improved operational efficiencies. Ms. Klems has also successfully completed multiple ERP software implementation projects, including PeopleSoft and Workday to integrate Operations and Finance functions driving sustainable operational effectiveness. Ms. Klems holds a Master of Science and a Bachelor of Business Administration from York University and earned her Chartered Accountant designation with KPMG. Corporate Update – Engagement of Stonebridge Partners LLC The Company announced it has engaged the services of Stonebridge Partners LLC (Technical420) to provide investor relations activities (as defined in TSX Venture Exchange policy). Stonebridge Partners, LLC has been engaged in a three-month contract to enhance investor relations efforts and provides content marketing services for a monthly fee of $6,000 USD. Further information may be found at: https://technical420.com/ About Namaste Technologies Inc. Headquartered in Toronto, Canada, Namaste Technologies is a marketplace platform for cannabis and wellness products. At CannMart.com, the Company provides Canadian medical customers with a diverse selection of hand-picked products from a multitude of federally licensed cultivators and US customers with access to hemp-derived CBD and smoking accessories. The Company also distributes licensed and in-house branded cannabis and cannabis derived products in Canada through a number of provincial government control boards and retailing bodies and facilitates licensed cannabis retailer sales online in Saskatchewan. Namaste’s global technology and continuous innovation address local needs in a burgeoning cannabis industry requiring smart solutions. Information on the Company and its many products can be accessed through the links below: NamasteTechnologies.com NamasteMD.com Cannmart.com For more information please contact:Namaste Technologies Inc.Meni Morim, CEOEdward Miller, VP Investor RelationsPh: 647-362-0390Email: firstname.lastname@example.org Source: Namaste Technologies Inc. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release or has in any way approved or disapproved of the contents of this press release.
CALGARY, Alberta, Feb. 26, 2021 (GLOBE NEWSWIRE) -- Sugarbud Craft Growers Corp. (TSXV: SUGR, SUGR.WT, SUGR.WS, SUGR.DB) ("Sugarbud" or the "Company") is pleased to announce that it has signed a supply agreement (the "Agreement") with CannMart Inc. ("CannMart"), a subsidiary of Namaste Technologies Inc. ("Namaste") (TSXV: N), to provide access to the Company's Craft Cannabis Collection to registered medical patients nationwide via CannMart's online medical cannabis sales platform. The Company has also refiled its Management Discussion & Analysis ("MD&A") for the period ended September 30, 2020. Supply Agreement Under the terms of the Agreement, Sugarbud will provide CannMart with a wide selection of its Craft Cannabis Collection of products, including premium dried flower and pre-rolls for direct sale to registered medical patients nationwide. The Agreement is subject to customary regulatory, licensing and new product notification requirements. "We are very pleased to be partnering with CannMart to provide registered medical patients across the country with access to our Craft Cannabis Collection," stated Sugarbud CEO, John Kondrosky. "Up until now our exceptional line of Craft Cannabis products were not available to registered medical patients. Our partnership with CannMart leverages our existing production and immediately expands our reach to medical patients nationwide - while at the same time allowing Sugarbud to maintain the Company's primary focus and allocation of commercial resources on scaling up our core recreational cannabis business," concluded Mr. Kondrosky "We are pleased to welcome Sugarbud to CannMart.com which will leverage the VendorLink platform as many new companies are increasingly seeing the added value Namaste's innovative technology can bring to their organization," said Chad Agate, CTO and VP of Marketplace of Namaste Technologies. "We look forward to working closely with our new partner to expand their reach to Canadian cannabis consumers." Amended MD&A The Company has refiled its MD&A for the period ended September 30, 2020 (the "Amended MD&A"). The Amended MD&A provides additional disclosures related to the three and nine months ended September 30, 2020 and 2021 guidance, including with respect to use of proceeds from the prospectus financing completed in June 2020. About Sugarbud Sugarbud is an Alberta-based, consumer-driven boutique craft cannabis company focused on the cultivation and production of superior, select-batch, craft cannabis products. Our vision and mission are to become a trusted and well-respected consumer brand renowned for providing exceptional high-quality craft cannabis products to legal markets by delighting the most discerning of cannabis consumers. READ CORPORATE INVESTOR DECK HERE About CannMart CannMart is a wholly owned subsidiary of Namaste Technologies Inc. (TSXV: N) a leading platform for cannabis products, accessories, and education. John Kondrosky Chief Executive Officer Sugarbud Craft Growers Corp. Phone: (604) 499-7847 E-mail: email@example.comInvestor Relations ContactChris MoulsonChief Financial OfficerSugarbud Craft Growers Corp.Tel: (778) 388-8700E-mail: firstname.lastname@example.org Websites: http://www.sugarbud.ca/ Address: Suite 620, 634 - 6th Avenue S.W., Calgary, Alberta T2P 0S4 Forward Looking and Cautionary Statements This news release contains forward-looking statements. More particularly, and without limitation, this news release contains statements concerning: Sugarbud's assessment of future plans, operations and cannabis cultivation, including sales, marketing and distribution opportunities; the Company's ability to remain operating in accordance with developing public health efforts to contain COVID-19; product quality; partnerships, including with CannMart; the development, production and sale of cannabis derivative products, including vape cartridges; applying for an amendment to its sales license to permit direct sale of cannabis extracts; future growth; and the ability to build shareholder value. When used in this document, the words "will," "anticipate," "believe," "estimate," "expect," "intent," "may," "project," "should," and similar expressions are intended to be among the statements that identify forward-looking statements. The forward-looking statements are founded on the basis of expectations and assumptions made by Sugarbud. Forward-looking statements are subject to a wide range of risks and uncertainties, and although Sugarbud believes that the expectations represented by such forward-looking statements are reasonable, there can be no assurance that such expectations will be realized. Any number of important factors could cause actual results to differ materially from those in the forward-looking statements including, but not limited to: currently contemplated expansion and development plans may cease or otherwise change; production of cannabis may be lower than expected, Sugarbud may not obtain the required approvals from Health Canada, including with respect to an amended sales license; demand for Sugarbud's products may be lower than anticipated; results of production and sale activities; results of scientific research; changes in prices and costs of inputs; demand for labour; demand for products; failure of counter-parties to perform contractual obligations; failure to maintain consumer brand recognition and loyalty of customers; reliance on relationships with wholesalers and retailers for distribution of products and failure to maintain strategic business relationships; intense competition, including from illicit sources; uncertainty and continued evolution of markets; product liability litigation; reliance on information technology; infringement on intellectual property; failure to benefit from partnerships; sensitivity of end-customers to increased sales taxes and economic conditions; failure to comply with certain regulations; departure of key management personnel or inability to attract and retain talent; actions and initiatives of federal and provincial governments and changes to government actions, initiatives and policies and the execution and impact thereof; the ability to implement corporate strategies; the state of domestic capital markets; the ability to obtain financing; changes in general market conditions; industry conditions and events; the size of the medical marijuana market and the recreational marijuana market; government regulations, including future legislative and regulatory developments involving medical and recreational marijuana; construction delays; risks inherent in the agricultural business, such as insects, plant diseases and similar agricultural risks which can have a significant impact on the size and quality of the harvest of cannabis crops; competition from other industry participants; and other factors more fully described from time to time in the reports and filings made by Sugarbud with securities regulatory authorities. In addition, the Company cautions that current global uncertainty with respect to the spread of the COVID-19 virus and its effect on the broader global economy may have a significant negative effect on the Company. While the precise impact of the COVID-19 virus on the Company remain unknown, rapid spread of the COVID-19 virus may have a material adverse effect on global economic activity, and can result in volatility and disruption to global supply chains, operations, mobility of people and the financial markets, which could affect interest rates, credit ratings, credit risk, inflation, business, financial conditions, results of operations and other factors relevant to the Company. Please refer to Sugarbud's most recent annual information form and management's discussion and analysis for additional risk factors relating to Sugarbud, which can be accessed under Sugarbud's profile on www.sedar.com. Except as required by applicable laws, Sugarbud does not undertake any obligation to publicly update or revise any forward-looking statements. Neither the TSXV nor its regulation services provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
- CannMart.com now offers U.S. based customers hemp derived CBD and smoking accessories TORONTO, Feb. 26, 2021 (GLOBE NEWSWIRE) -- Namaste Technologies Inc. (“Namaste'' or the “Company”) (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) a marketplace platform for cannabis and wellness products, is pleased to announce that www.CannMart.com is live in the USA offering Americans hemp derived CBD and smoking accessories. Namaste is excited to be leveraging its VendorLink technology in collaboration initially with DankStop and PeakBirch Logic, Inc., and looks forward to adding more partners to the platform. The announcement of this expansion in the USA underscores Namaste’s intention to increase its total addressable market and exploration into other verticals and geographies as regulation evolves and other adjacent complementary market opportunities present themselves. “With ever stronger signals that the regulatory landscape in the USA is evolving, our entry into the jurisdiction through the sale of hemp derived CBD and accessories will position us strategically to begin capturing new market share and build a first mover advantage if and when cannabis becomes legalized federally,” said Meni Morim, CEO of Namaste. “This development also further validates our investment in technology, as the expansion will be facilitated via our marketplace technology. We look forward to building on this positive momentum as we continue to execute our strategy to position Namaste as a leading global cannabis and wellness company.” “Our goal will be to aggressively expand our footprint into the USA as we scale up our marketplace platform,” said Chad Agate, CTO and VP of Marketplace at Namaste. “We are not growing or exporting products from Canada into the USA, we are simply carving out our role as the facilitators using CannMart.com and our VendorLink platform. American and other companies that wish to sell legal products in the USA can now use our innovative platform to conduct business similarly to Amazon. We look forward to adding more partners selling their innovative products throughout the USA.” For companies looking to expand their presence on our marketplace platform please contact us via the following link: https://cannmart.com/sell-on-cannmart About Namaste Technologies Inc. Headquartered in Toronto, Canada, Namaste Technologies is a marketplace platform for cannabis and wellness products. At CannMart.com, the Company provides Canadian medical customers with a diverse selection of hand-picked products from a multitude of federally licensed cultivators and US customers with access to hemp-derived CBD and smoking accessories. The Company also distributes licensed and in-house branded cannabis and cannabis derived products in Canada through a number of provincial government control boards and retailing bodies and facilitates licensed cannabis retailer sales online in Saskatchewan. Namaste’s global technology and continuous innovation address local needs in a burgeoning cannabis industry requiring smart solutions. Information on the Company and its many products can be accessed through the links below: NamasteTechnologies.com NamasteMD.com Cannmart.com About DankStop DankStop is the one of the world's largest and fastest growing online smoking supply retailers. Nothing like your ordinary headshop, DankStop is the quickest, cheapest, and easiest way to get the best smoking supplies delivered discreetly to your door. With an industry leading and innovative website, dedicated support team, and the biggest product selection available online, DankStop has single-handedly raised the bar for the online smoking supply industry since 2014. From humble beginnings, our co-founders started DankStop in "moms basement". Our founding vision was to remove the "sketchy" stigma from the headshop industry by providing high quality, low priced products in a simple and transparent manner. Leveraging our in house technology, we now offer a variety of B2B services for the Cannabis industry in addition to our retail websites ranging from drop shipping to third party logistics. Information on the Company and its many products can be accessed through: www.dankstop.com About PeakBirch Logic, Inc. PeakBirch is a cohesive ecommerce technology group scaling multiple online businesses to become internationally successful brands. With a strong focus on consumer journey, deep analytics and AI powered trend analysis PeakBirch unlocks the true growth potential of customer-centric brands by providing revenue acceleration with customer experience optimization via a lean platform. Through a combination of the latest digital best practices and a proven team, PeakBirch Logic is committed to generating significant and sustained return on investor capital over the long-term. Information on the Company can be accessed through: www.peakbirch.com For more information please contact:Namaste Technologies Inc.Meni Morim, CEOEdward Miller, VP Investor RelationsPh: 647-362-0390Email: email@example.com FORWARD-LOOKING INFORMATION – This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not historical in nature contain forward-looking information. Forward-looking information can be identified by words or phrases such as “may”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen. The forward-looking information contained herein, including, without limitation, statements related to Namaste’s entry into the United States markets for smoking accessories and hemp-derived CBD via CannMart.com,, Namaste's ability to leverage its VendorLink technology in collaboration with DankStop and PeakBirch Logic, Inc., Namaste's proposed expansion efforts, and the likelihood of legislative change in the United States. Such statements are made as of the date of this press release and are based on assumptions that management believed to be reasonable at the time, including, without limitation, Namaste's ability to ensure compliance with applicable state and federal laws with respect to the sale of smoking accessories and hemp-derived CBD in the United States, Namaste's ability to leverage its VendorLink technology in collaboration with DankStop and PeakBirch Logic, Inc., anticipated continued improvements to the regulatory landscape for the sale of cannabis, associated products and accessories that will benefit Namaste’s business in the United States and globally, Namaste's beliefs regarding the expected demand in the future for cannabis products and current demand for accessories and hemp derived CBD products and the expected growth of these market globally, results of operations, operational matters, historical trends, current conditions and expected future developments, as well as other considerations that are believed to be appropriate in the circumstances. While we consider these assumptions to be reasonable based on information currently available to management, there is no assurance that such expectations will prove to be correct. By its nature, forward-looking information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information in this press release. Such factors include, without limitation: the failure to achieve the intended sales results and benefits from the Company’s expansion efforts, regulatory risk both in the United States and globally, including in particular regulations not evolving in a manner to that would benefit Namaste’s business, risks relating to the Company’s ability to execute its business strategy and plans and the benefits realizable therefrom and risks specifically related to the Company’s operations. Additional risk factors can also be found in the Company’s current MD&A and annual information form, both of which have been filed under the Company’s SEDAR profile at www.sedar.com. Readers are cautioned not to put undue reliance on forward-looking information. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release or has in any way approved or disapproved of the contents of this press release.