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Namaste Enters Into Non-Binding LOI With CannMart, a Late Stage ACMPR Applicant

  • Namaste will purchase all of the issued and outstanding shares in the capital of CannMart, a late stage applicant under the Access to Cannabis for Medical Purposes Regulations
  • CannMart submitted its application to become a “sales only” licensed producer of medical cannabis

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Message: Tom LaSorda a new hire of Fisker Automotive !

Thanks Paul, it works fine. That is very interesting especially how they emphasized that at the end of the interview regarding A123. My only concern here is that I believe they will search for a company with deep pockets, they are currently searching for more funding. I don't think Electrovaya has that kind of money to invest in Fisker, but still a definate possibility. Let me share a couple other interesting tidbits. Bruce Coventry, electrovaya's VP was formerly the CEO of Global Electric Motorcars which was a division of Chrysler. Last year they were bought out by Polaris and they currently do not use lithium batteries only lead-acid. Also what nobody has seemed to notice Electrovaya formed a Danish corporation in Sept. last year-Electrovaya ApS "for the purpose of carrying out our business activities in Denmark and potentially surrounding countries". I think they have some developing opportunities there as well. I have been monitoring the local job bank and as I reported a while ago the hiring still continues. I believe they have something big in the works.

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