World’s Largest E-Commerce B2C Vaporizer Company

Record Monthly Sales of CAD$1.349M For June 2017

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Namaste Technologies Inc. Profile

 

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  • World’s Largest E-Commerce B2C Vaporizer Company
  • Record Monthly Sales of CAD$1.349M For June 2017
  • 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

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.

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 02-Aug-2017 12:34PM by AGORACOM