Tilray Signs Cannabis Purchase Agreement With Namaste

VANCOUVER, Sept. 7, 2018 /PRNewswire/ – Namaste Technologies Inc. ("Namaste" or the "Company") (TSXV:N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) is pleased to announce that the Company has signed a purchase agreement (the "Purchase Agreement") with Tilray Canada Ltd., a subsidiary of Tilray Inc. (NASDAQ:TLRY), whereby the Company will purchase bulk medical cannabis products from Tilray, to be sold on Namaste's e-commerce platform through its wholly-owned subsidiary Cannmart Inc. ("Cannmart").
With Cannmart's anticipated sales license imminent, the Company continues to aggressively seek and secure partnerships with the top global ACMPR Licensed Producers as it looks to implement its strategy. The Supply Agreement with Tilray Canada will add significant value to Cannmart's current product offering, and Namaste is incredibly excited to be able to offer patients Tilray's selection of high quality, pharmaceutical-grade medical cannabis products.
Tilray is a global leader in the research, cultivation, production and distribution of cannabis and cannabinoids, and currently serve tens of thousands of patients in eleven countries, spanning five continents. The Supply Agreement represents a significant milestone for Namaste and paves the way for future partnerships in global markets where the Company maintains strong market share.
Namaste remains committed to all of its medical cannabis patients by providing the most comprehensive patient experience possible through its online platform. By supplying inventory to Cannmart, Tilray's high-quality products will be available to Cannmart's patients. This partnership will not only allow patients on Namaste's platform to select from Tilray's variety of high-quality medical cannabis products, but so too will it add significant value for Cannmart's patients and the Company as a whole.