Changes for page Namaste Technologies
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... ... @@ -4,38 +4,29 @@ 4 4 5 5 = Paragraph 1 = 6 6 7 - Namaste is thelargest onlineretailerfor medical cannabisdelivery systemsglobally. Namasteistributesvaporizers andsmokingaccessoriesthroughe-commercesites in26countries andwith 5distributionhubs locatedaroundtheworld. Namaste has majoritymarketsharein EuropeandAustralia,withoperationsinthe UK, CanadaandGermanyandhasopened newsupplychannels intoemerging marketsincludingBrazil, Mexicoand Chile. Namaste, throughitsacquisitionof CannmartInc.,aCanadianbasedlate-stageapplicant for amedicalcannabisdistributionlicense(undertheACMPR Program)is pursuinga newrevenueverticalin online retailof medicalcannabis intheCanadian market. Namaste intendstoeverageitsexistingdatabaseof Canadianmedical cannabis consumers,along with its expertise ine-commerceocreateanonlinemarketplaceformedical cannabispatients,offeringalarger varietyof product anda betteruserexperience.7 +Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum. 8 8 9 -== ==Description of thebusiness====9 +== Sub-paragraph == 10 10 11 - DollingerEnterprisesU.S.A.commencedcommercialoperations onSeptember3,2014,andfollowingan amalgamationwithNext GenMetalsInc.inFebruary2016,continueditsoperations underthe nameNamasteTechnologiesInc.(the"Company").11 +Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum. 12 12 13 - Throughits wholly-owned subsidiaries, the Company is an international leader in vaporizer and accessories distribution, social media and e-commerce, andproduct designand manufacturing. The Company has over 30 e-commerce retail stores in 20 countries and offers one of the largestrange of brand name vaporizer products on themarket. Recognized as a source of information, reviews and social media on vaporizer products, the Company has a unique market perspective and ability design and engineer products that align with the current direction of the market. The Company is currently focused on expanding its product offering, acquisitions and strategic partnerships, and entering new markets globally.13 +== Sub-paragraph == 14 14 15 - ====Business strategyofthe company====15 +Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum. 16 16 17 - Management’sbusiness strategy is currently focused on a multi-pronged approach to diversify revenue streams including e-commerce, wholesale distribution,product designand manufacturing,and selective acquisitions. Management believes there isan established and growing consumer demand for itsproducts internationally andhasdeveloped strong sales channels in the United States, United Kingdom and Continental Europe. The current expansion focus is as follows:17 +=== Sub-sub paragraph === 18 18 19 - **•E-Commerce, social media**19 +Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum. 20 20 21 -Namaste has a competitive advantage in international markets through its established e-commerce presence, logistics and fulfillment capabilities, and best-in-class customer service standards as evidenced by the Company receiving the #1 rating in the online vaporizer category from TrustPilot, a globally recognized and independent customer review portal. Going forward, Namaste will continue to expand its presence through further enhancement of its search engine optimization, online advertising through select channels, and social media campaigns. The Company is currently focused on entering and expanding in key markets including the US and Canada, Mexico, Australia, and Brazil. 22 22 23 - **•Design, manufacturing**22 += Paragraph 2 = 24 24 25 - The Companyhascompleteddevelopment andsproceedingwith commercializationof itsin-house designed proprietaryproduct,the GuruTM. This isthefirst vaporizertoseamlessly provide asolutiontovaporize all ofdryherbs, concentratesand liquids.The productwill bedistributedthroughtheCompany’se-commerceplatformaswellasdistribution agreementswithwholesalers.Afterthisitiallaunch,theCompanyalso planson commercializingadditionalproductstoexpanditsproprietyportfolio.24 +Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum. 26 26 27 - **•Wholesale distribution**26 +== Sub-paragraph == 28 28 29 - Namastehasidentified anopportunitytofurtherexpandnto wholesale distributionin internationalmarketsandintendstoutilize its establishedfrastructuretoprovidetangiblebenefitstoselectmanufacturers.This includesenteringinto exclusivedistributionpartnerships with manufacturers forselect territoriesand providinginternationalservices includingfulfillmentandlogisticsmanagement,inventorycontrol,repairandreplacement centers, and multi-lingual customerservicesupport. Managementbelievesasthe marketpotentialforvaporizersexpandsandcontinuesto become mainstream,more manufacturerswillseektoexpandoutsidethe US. Namasteisideallypositionedtocapturethismarketshare withdistributionand fulfillmentcenters locatedin theUS, UK, Australiaand Brazil.28 +Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum. 30 30 31 -== ==Industry consolidation====30 +== Sub-paragraph == 32 32 33 -As one of the first true vaporizer and accessories companies to access public capital, the Company has identified multiple opportunities to expand by acquisition. The focus of the Company’s acquisition strategy is to identify companies that complement Namaste in terms of financial profile, geographical focus, and product and service offering and enter into transactions that are accretive on a per share basis. Based on management’s analysis of the market, the vaporizer and accessory space is fragmented and high growth, which makes the industry ideal for consolidation. 34 - 35 -==== Recent development ==== 36 - 37 -ICTORIA, British Columbia and VANCOUVER, British Columbia, Jan. 30, 2018 (GLOBE NEWSWIRE) ~-~- Emerald Health Therapeutics Inc. (“Emerald”) (TSXV:EMH) (OTCQX:EMHTF) and Namaste Technologies Inc. (“Namaste”) (CSE:N) (FRANKFURT:M5BQ) (OTCMKTS:NXTTF) have signed a Letter of Intent (“LOI”) whereby Namaste and Emerald propose to enter into a definitive agreement (the “Proposed Agreement”) to collaborate on strategic business opportunities worldwide and develop a fully-integrated e-commerce platform (the “Platform”) to serve as a retail channel for Emerald’s patients. Under the terms of the Proposed Agreement, the companies would leverage Namaste’s existing consumer databases, site traffic and e-commerce technology for marketing purposes along with Emerald’s pharmaceutical and biotech expertise to develop medical cannabis downstream products tailored to specific markets and patients. 38 - 39 -The e-commerce platform will be developed using Namaste’s technology, including machine learning algorithms and advanced on-site optimization techniques, and is planned to be available on desktop and mobile devices. Through the Platform Namaste would make available its full product catalog of over 1000+ cannabis delivery devices to Emerald for sale to its patients. This e-commerce platform is planned to connect to Namaste’s inventory management system and be compliant with Canada’s Access to Cannabis for Medical Purposes (“ACMPR”) regulations. 40 - 41 -Under the LOI, Emerald will enter into a medical cannabis Supply Agreement with Namaste’s wholly owned subsidiary, Cannmart Inc. (“Cannmart”), whereby Emerald would supply proprietary strains of medical cannabis to Cannmart, a late-stage ACMPR applicant for a medical cannabis “sales-only” license. Emerald is an ACMPR licensed producer of medical cannabis that cultivates proprietary cannabis strains using proven growing methods backed by cutting-edge research. Cannmart, with its “sales-only” platform, intends to impact the medical cannabis online-retail industry in Canada as it focuses on bringing a larger variety of medical cannabis products from many licensed producers, both domestically and abroad, in an easy-to-use platform for patients. 32 +Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.