Namaste Technologies Inc. (OTCMKTS:NXTTF) has through its subsidiary CannMart Inc. entered an agreement with Indiva Limited’s (OTSMKTS:NDVAF) wholly-owned subsidiary Indiva Inc. Indiva is one of the best producers of cannabis edibles and products in Canada and through the agreement a collection of Indiva products will be now available on the B2C distribution platform of CannnMart to medical customers.
Namaste expanding its Cannabis 2.0 offering
Niel Marotta, the CEO and President of Indiva, said that Cannmart has been enhancing its position in Canada’s legal cannabis market. Thus it was a natural choice of Indiva’s award-winning cannabis products. He added that Indiva’s capsules and softgels are highly regarded because of their quality and consistency and were availed on the Cannmart distribution channel in late August. Marotta said that they look forward to introducing the Wana™ Sour Gummies and Bhang® chocolate to the CannMart marketplace this fall.
Namaste’s CEO Meni Morim said that Indiva’s Indica Capsules, CBD Softgels, Wana™ Sour Gummies, and Bhang® Chocolates are a huge addition to the CannMart platform. Meni said that the company has made significant expansion in both the recreational and medical sales channels. The massive investment the company has made in processing and distribution infrastructure has allowed it to enhance its reach in Canada’s legal cannabis market. With the addition of more premium Cannabis 2.0 products from the likes of Indiva, Meni noted that they expect more suppliers, customers, and revenue for Cannmart.
Besides being a licensed premium cannabis producer, Indiva also offers manufacturing and production services to third parties. The addition of Indiva products to CannMart is part of Namaste’s strategy of expanding the Cannabis 2.0 offering on the online marketplace.
Namaste Annual General Meeting announcement
Also, Namaste has announced mailing materials to its stockholders for the company’s 2020 Annual General Meeting. The company is planning to hold the AGM virtually on September 29, 2020, through a live webcast where stockholders will vote and submit questions.