World’s Largest E-Commerce B2C Vaporizer Company

Recorded record quarterly Q1-2017 revenue of over $2M an increase of 77.6% from the first quarter of 2016

Sponsored
Namaste Technologies Inc. Profile

 

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  • World’s Largest E-Commerce B2C Vaporizer Company
  • Recorded record quarterly Q1-2017 revenue of $2,087,188, an increase of 77.6% from the first quarter of 2016
  • Revenue for AUG 31 2018 expected $24.9 million
  • Thanks to organic growth, acquisitions and joint ventures we will be discussing
  • Owns 26 e-commerce stores in 20 countries
  • Distribution centers in North America, South America, Europe and Asia Pacific
  • Aggressively expanding into manufacturing and wholesaling
  • Signed MOU With Vinergy

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
  • In 2014, CannMart submitted its application to become a "sales only" licensed producer of medical cannabis (the "ACMPR Application").

Entered into a definitive agreement with Australian Vaporizers PTY Limited

  • Further Increase to Bought Deal Financing to $10M
  • For the period ended June 30, 2016, the company produced approximately $4.5 million of revenue and $1.1 million of EBITDA

Namaste Signs MOU With Canopy Growth Corporation

  • World-leading diversified cannabis company
  • Represents the execution of Namaste’s strategic objective to actively migrate medical cannabis consumers to a licensed producer
  • Purpose of MOU is to define the intention of Namaste and Canopy to expand their respective market positions by seeking to form multi-point working arrangements and exploring the development of new delivery devices for the consumption of cannabis

 

  • International ecommerce distribution
  • Proprietary vaporizer products
  • Targeting organic growth at 100% per year
  • Sourcing accretive M & A transactions

Namaste Expands Product Portfolio in Advance of US Elections

  • Secured new agreements with manufacturers of indoor growing equipment
  • Product lines added to Namaste’s e-commerce portals and complement the Company’s existing portfolio of vaporizers, pipes, papers and other accessories
  • New product portfolio also represents a further monetization of Namaste’s customer list of approximately 250 thousand names

Namaste Signs Definitive Agreement to Acquire URT1 Limited and Forms World’s Largest E-Commerce B2C Vaporizer Company

  • Unaudited 12 month trailing revenues were approximately C$3.2 million for the period ended August 31, 2016
  • Gross profit margin of 53%
  • In business since 2000
  • Combined proforma unaudited 12 month trailing revenues of approximately C$10 million for the period ended August 31, 2016
  • Total monthly site traffic of over 550,000 visitors
  • Entered into two new strategic partnerships to expand its market presence as the leading e-commerce company focused on vaporizers and accessories
  • Partnerships are with well-known online reviewer Sneaky Pete (SPV Enterprises LLC) and VaporTownUSA.com
  • Partnerships are anticpated to enhance the overall revenue of Namaste through online video reviews, high quality links to the Namaste sites and expansion of sales channels internationally

Regulation

  • Decriminalization and destigmatization of marijuana for medical and recreational use in US, Canada and Europe
  • Vaporizers have lower regulatory burden than growers

Health Advantages


Technical Advances

  • Improved mobility from reduced size of vaporizers
  • Ability to handle liquids, resins and plant matters
  • Conduction, convection, induction technologies
  • Mobile connectivity
  • Increasingly becoming part of the internet of things

 

 

 

Last changed at 03-Apr-2017 10:37AM by AGORACOM