World’s Largest E-Commerce B2C Vaporizer Company

October '17 Sales of C$1.3m Representing a 174% Year-On-Year Increase

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Namaste Technologies Inc. Profile

 

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  • World’s Largest E-Commerce B2C Vaporizer Company
  • October '17 Sales of C$1.3m Representing a 174% Year-On Increase
  • Revenue for AUG 31 2018 expected $24.9 million
  • 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, Vaporiza.co.il
  • Acquired the domain and customer database of Brazil’s largest vaporizer retailer, vaptvupt.lojaintegrada.com.br

Namaste Signs Marketing Agreement With Peeks Social to Promote and Sell Vaporizers in Peeks Platform

  • To work with strong social influencers actively involved in the network and supportive of the medical cannabis industry to promote certain brands of products selected by Namaste.
  • Acquired the domain and customer database of Brazil’s largest vaporizer retailer, vaptvupt.lojaintegrada.com.br

Receives Health Canada Medical Device Establishment Licence in Order to Distribute Health Canada Approved Vaporizers

  • Its wholly owned subsidiary, has been approved by Health Canada for a Medical Device Establishment Licence
  • MDEL will allow Namaste to import and distribute vaporizers which are approved by Health Canada as Medical Devices

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

 

  • 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 14-Nov-2017 09:25AM by AGORACOM