The supply agreement with Tilray will greatly widen its subsidiary Cannmart’s product offerings
Namaste Technologies (TSXV:N.V, OCTCMKTS:NXTTF) is widening its reach by signing up to buy bulk medical cannabis products from Tilray Canada that will be sold on its e-commerce platform via its wholly-owned subsidiary Cannmart.
With Cannmart’s sales license to distribute cannabis across Canada expected soon, Namaste is on the hunt to arrange partnerships with Canada’s marijuana producers.
The Vancouver-based company recently signed a wholesale supply agreement with Kief Cannabis Company Ltd, a producer of small-batch, artisan-crafted cannabis. A few months ago, it also signed a deal to acquire a majority share of Infinite Labz Inc, a facility that produces cannabis oil.
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The supply agreement with Tilray Canada will greatly widen Cannmart’s array of products on offer, according to Namaste.
“We have already had customers from NamasteMD ordering products through Tilray and the response has been overwhelmingly positive,” CEO Sean Dollinger said in a statement. “As such, we are looking forward to offering Tilray’s high-quality products in our platform.”
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Namaste’s product offerings through its subsidiaries include vaporizers, CBD products, glassware and other cannabis-related accessories.
It also runs NamasteMD, an online patient portal, and has developed Canada’s first cannabis telemedicine app for smart phones, which allow patients to connect to doctors or nurse practitioners for consultations on cannabis.
Namaste gets over 600,000 monthly visits to its e-commerce sites, which have a database of about 1.5mln users.
