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Namaste Technologies increases stake in Pineapple Express to 49%

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viewNamaste Technologies Inc

Namaste Technologies () (OTCMKTS:NXTTF) CEO Sean Dollinger tells Proactive Investors the cannabis company is acquiring a 49% stake in Pineapple Delivery Inc, a company that offers a same-day delivery service platform for medical and recreational cannabis to Canadian licensed producers.

Dollinger says the reason why the company increased its stake in the company to just 49% from 15% is that Dollinger believes Pineapple Express should remain the lead the delivery side of the business, and Namaste should remain focused on its own specialty, e-commerce.

TSX-V:N

Market: TSX-V
Market Cap: $155.41 m
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