TORONTO, May 25, 2021 (GLOBE NEWSWIRE) – Namaste Technologies Inc. (“Namaste“or the”Society”) (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) a market platform for cannabis and wellness products, is pleased to announce that the company’s subsidiary, CannMart Inc., holds the exclusive distribution rights for all phytosanitary extractions™ products, now distributes Phyto Extractions’ well-known burst products nationwide to its medical consumers on CannMart.com, and distribution to recreational consumers through planned future sales to provincial monopoly wholesalers. This new launch will offer patients through CannMart.com the opportunity to purchase the latest line of shatter products from Phyto Extractions in three strain varieties: Pink Kush, Blue Gorilla OG and D. Bubba, providing Canadians with the opportunity to renewed experience in limited shatter offers. currently available in Canada. CannMart’s medical patients can easily purchase Phyto Extractions products from the comfort of their home and have them delivered right to their doorstep once they have received their medical document.
“We are delighted to offer high quality popping products from Phyto to cannabis consumers,” said Meni Morim, CEO of Namaste. “Brilliance is a specialized sub-category of concentrates, which is currently underserved and has higher margins. The Phyto brand has a significant legacy cache when it comes to this sub-category, all combined, making this product expansion a compelling growth opportunity. While these products are now available to medical customers, we anticipate that they will soon be available in the recreational market. We have already received confirmations and approvals for SKUs on hand and POs being finalized with some provinces – all of whom want this new product line to be available to their consumers.
Phyto Extractions shatter is a well-known cannabis extract in its purest form, with over 70% THC, negligible CBD content and a distinctive effect that would outperform other extracts. Extracted with butane to preserve cannabis terpenes, the fast acting shatter and natural derivative terpenes that maintain and enhance the natural flavor of the extracted plant are unique selling points that are highly valued by medical and recreational consumers. These products are expected to be available shortly through CannMart’s wholesale distribution channel in Alberta, Saskatchewan, Manitoba, British Columbia and Ontario for recreational customers looking for a desirable experience with cannabis concentrates. .
The production of pure extracts, such as shatter, must be carried out in a controlled laboratory environment with strict safety measures. Phyto Extractions recently upgraded their facilities with the new ExtractionTek Solutions MeP XT70 hydrocarbon extraction system to ensure all burst products are pure, safe and consistent with unmatched quality to maximize the consumer experience . For more information on shatter making, watch the Phyto Extractions facility tour and the shatter production process: https://youtu.be/bMz4V_WVoLI
About Phyto Extractions ™
Phyto Extractions ™ is an agricultural-scale cannabis extraction, distillation and products manufacturer located in Langley, British Columbia at its standard processing facilities licensed from Health Canada (extraction and products, no cultivation). ), sales (extracts, topicals and edibles) and R&D via Adastra Labs Inc. and Analytical Testing Laboratory via Chemia Analytics Inc.
About Namaste Technologies Inc.
Based in Toronto, Canada, Namaste Technologies is a market platform for cannabis and wellness products. At CannMart.com, the company offers Canadian medical customers a diverse selection of handpicked products from a plethora of federally licensed growers and U.S. customers with access to hemp-derived CBD and smoking accessories. The Company also distributes licensed and private brand cannabis and cannabis derivatives in Canada through a number of provincial government regulatory boards and retail organizations and facilitates online sales. licensed cannabis retailers in Saskatchewan. Namaste’s global technology and continuous innovation meet local needs in a booming cannabis industry requiring smart solutions.
Information on the Company and its many products can be accessed via the links below:
For more information please contact:
Namaste Technologies Inc.
Meni Morim, CEO
Edward Miller, Vice President of Investor Relations
Phone. : 647-362-0390
Email: [email protected]
Source: Namaste Technologies Inc
FORWARD-LOOKING INFORMATION – This press release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained in this document that are not historical in nature contain forward-looking information. Forward-looking information may be identified by words or expressions such as “may”, “expect”, “likely”, “should”, “should”, “plan”, “anticipate”, “intend” of “,” possible “,” “proposed”, “estimate”, “believe” or the negative of these terms, or other words, expressions and grammatical variations of them, or statements that certain events or conditions “could” or “will” occur.
Forward-looking information contained in this document, including, without limitation, statements relating to the distribution of products on cannmart.com and through the provincial purchasers of CannMart are made as of the date of this press release. and are based on assumptions management believes to be reasonable at the time such statements were made, including, without limitation, the ability of CannMart Inc. to finalize and fulfill purchase orders for shatter products, as well as other considerations deemed appropriate in the circumstances. Although we consider these assumptions to be reasonable based on information currently available to management, there can be no assurance that these expectations will prove to be correct. By their nature, forward-looking information is subject to inherent risks and uncertainties which may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that the assumptions may not be correct and that the objectives, strategic goals and priorities will not be achieved. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information contained in this press release. These factors include, but are not limited to: regulatory risk, risks related to the ability of the Company to execute its business strategy and the resulting benefits and risks specifically related to the operations of the Company. Additional risk factors can also be found in the Company’s current MD&A and Annual Information Form, both of which have been filed under the Company’s SEDAR profile at www.sedar.com. Readers are cautioned not to place undue reliance on forward-looking information. The Company assumes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
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