Vancouver, British Columbia, Canada – Namaste Technologies Inc. (“Namaste” or the “Company”) (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) is pleased to announce that the Company’s wholly-owned subsidiary, Cannmart Inc. (“Cannmart”) has signed a Delivery Agreement (the “Agreement”) to launch much-anticipated same-day delivery service in the Greater Toronto Area (“GTA”) through Pineapple Express Delivery Inc. (“Pineapple Express”) for its medical cannabis products.
Effective immediately, Cannmart patients within the GTA area will have access to same-day, set-time, and rushed delivery services. The launch of same-day delivery within Cannmart’s platform further supports the Company’s vision to offer value to its patients in a medical cannabis online marketplace.
Subject to the Agreement, Cannmart will offer Pineapple Express services as outlined below;
- Rush-order delivery: $30 flat-rate or $15 for orders over $200
o Order before 10 AM, delivery between 11am-1pm
o Order before 11 AM, delivery between 12pm-2pm
o Order before 12 PM, delivery between 1pm-3pm
o Order before 1 PM, delivery between 2pm-4pm
o Order before 2 PM, delivery between 3pm-5pm
- Same-day delivery: $15 or free for orders over $200
o Order before 3pm, delivery between 6pm to 10pm
Delivery times are subject to Pineapple Express’s Terms and Conditions and within Cannmart’s delivery zone.
The Company is pleased to launch services through Pineapple Express and looks forward to offering these services in other areas outside of the GTA in the near future.
Randy Rolph, CEO of Pineapple Express Deliver Inc. comments: “We are very pleased to announce the launch of our second hub for same day delivery here in Toronto with Cannmart, to provide this valuable service to their medical patients. It has been an incredibly exciting year and it’s fulfilling to see the relationship with Namaste continue to grow and evolve.”
Sean Dollinger, President, and CEO of Namaste comments: “We are very pleased to announce the launch of Pineapple Express same-day delivery service. We invested in Pineapple Express some time ago, so it’s exciting to see this project come full circle as we launch services in the GTA area. The Company is looking forward to launching same-day delivery services through Cannmart in other regions as we expand our platform.”
About Pineapple Express Delivery Inc.
Pineapple Express’ management team has over 10 years of experience offering same-day 60-minute delivery services in multiple industries across Canada, and has successfully integrated with Ample Organics Inc., Canada’s leading seed-to-sale medical cannabis software platform. Pineapple Express offers a personalized experience for its customers and has established in depth security and delivery protocols to facilitate same-day delivery of medical cannabis across the country. Pineapple Express is dedicated to providing patients with a fully integrated, simple to use, same-day delivery platform which it believes brings great value to medical patients across the country. For more information visit: www.pineappleexpressdelivery.ca
About Namaste Technologies Inc.
Namaste Technologies is Your Everything Cannabis Store™. Namaste operates the largest global cannabis e-commerce platform with over 30 websites in 20+ countries under various brands. Namaste’s product offering through its subsidiaries includes vaporizers, glassware, accessories, CBD products, and the company will soon be selling medical cannabis in the Canadian market. Namaste has developed and acquired innovative technology platforms including NamasteMD.com, Canada’s first Health Canada compliant telemedicine application, and in May 2018 the Company acquired a leading e-commerce AI and Machine Learning Company, Findify AB. Findify uses artificial intelligence algorithms to optimize and personalize a consumer’s on-site buying experience. Namaste is focused on leveraging its cutting-edge technology to enhance the user experience throughout its platforms. Namaste will continue to develop and acquire innovative technologies which will provide value to the Company and to its shareholders as well as to the broader cannabis market.
On behalf of the Board of Directors
Chief Executive Officer
Direct: +1 604-355-6100
Further information on the Company and its products can be accessed through the links below:
FORWARD-LOOKING INFORMATION This press release contains forward-looking information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions, Namaste assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s disclosure documents which can be found under the Company’s profile on www.sedar.com. This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. The TSXV has neither reviewed nor approved the contents of this press release.