World’s Largest E-Commerce B2C Vaporizer Company

Received ACMPR Medical Cannabis Production License

Namaste Technologies Inc. Profile


Namaste large new


  • Company’s sales for the second quarter of 2018 were $5.6M,
    • representing a $3.7M or 195% increase quarter-over-quarter. 
  • Gross profit for the second quarter of 2018 was $1.9M, representing a $1.2M or 150% increase quarter-on-quarter.
  • Wholly owned subsidiary, Cannmart has received its Access to Cannabis for Medical Purposes Regulations Production License
  • Closed its previously announced acquisition of Swedish-based A.I. and machine learning technology platform, Findify AB
  • Signed a non-binding letter of intent with Pineapple Express Delivery Inc
  • Signed a Medical Cannabis Supply Agreement with Marigold Projects Jamaica Ltd.
  • Non-Binding Letter of Intent With O Cannabis Clinic for Management Services
  • Aurora and Namaste to Complete Strategic Private-Label Software and Patient Referral Agreements
    Announces Wholesale Supply LOI With Israel-Based BRLEV
  • 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
  • Product acquisition agreement announced with Aphria Inc.
  • Announced Start of Vaporizer Sales through Aurora Website
  • Joint Venture Agreement with one of Israel’s premier online vaporizer retailers,
  • Acquired the domain and customer database of Brazil’s largest vaporizer retailer,
  • Divests US Assets to Focus on Legal Cannabis Markets


  • 2018 will focus on establishing Namaste MD, the secure telemedicine portal designed to connect doctors with medical marijuana patients.
    • After an application and video consultation, Canadian patients can receive their medical marijuana recommendation via email.
    • They can also receive their prescription (fulfilled via CannMart) from the convenience of their homes – utilizing same-day and 2-day delivery options.
  • Leveraging 50,000+ dataset of Canadian consumers, Namaste will strive to secure space as Canada’s one-stop-shop for medical cannabis.

Further 2018 Objectives

  • Expansion of Namaste’s product offerings, with the ability to sell both vaporizers and consumables from one location.
  • Namaste launching a Canadian warehouse in the CannMart facility in order to process both vaporizer and medical cannabis shipments, medical cannabis packaging, filling for pod-based vaporizers, and distribution for other brands of medical cannabis products.


Last changed at 30-Aug-2018 01:18PM by AGORACOM