Namaste Technologies Inc (NXTTF) provides update on Share Pledge Party and reaffirms its intention to list the company on the NASDAQ Exchange

By up-listing to the NASDAQ, the Company believes it will gain new exposure and access to a larger base of retail and institutional investors in the US and internationally. The NASDAQ is well-known as a technology exchange and with Namaste being a leading technology company in the cannabis space, management feels strongly that the up-listing would bring significant value to the Company.

The Company believes that the up-listing will allow Namaste the ability to capitalize on investment from an international audience and help bring awareness to its revolutionary technology platform. The NASDAQ will provide a venue for Namaste to unlock the full value of its technology assets and bring much-needed awareness to its role in the global cannabis market.

While cannabis-industry investors have been focused on cultivators, the Company believes that further commoditization of cannabis will lead to a lower cost per gram and eventual consolidation across the sector. As the market matures, Namaste anticipates that a greater amount of pressure will be placed on cultivators to incorporate innovate technology, e-commerce and marketing strategies to ensure their competitiveness in the sector. Namaste is a platform and is open to offer product from all cultivators large and small. The Company will focus on expanding its product offering to include premium craft-cannabis brands which will provide valuable retail exposure for its partners, starting in Canada and launching in new legal markets around the world.

As such, the Company believes that it is well positioned for future growth with industry-leading platforms such as Findify AB, (“Findify” or “Findify.io”) the Company’s AI machine learning platform, Namaste MD (“NamasteMD.com”), Canadas first fully integrated online patient consultation app available on iPhone and Android devices, its partnership with YBP Group Ltd. (“YPB”)(YPB.AX), a leading consumer goods authentication platform, and Namaste’s exclusive age and identity verification technology which incorporates facial recognition for cannabis e-commerce. Through its technology platforms, global partnerships and its consumer base, Namaste is well positioned to solidify itself as an innovator and industry leader in cannabis technology.

Namaste currently operates the largest online marketplace selling cannabis ancillary products in 20 countries and on 30 websites. The Company maintains a database of over 1.5 million customers that it will leverage with its various technology platforms as it enters a new phase of its strategy in incorporating cannabis sales within its platform. The Company’s wholly-owned subsidiary, Cannmart Inc. (“Cannmart’) will be Canada’s first ACMR medical cannabis “sales-only” license, which will enable Namaste to launch a medical cannabis marketplace that will incorporate all aspects of its technology platform and change the way Canadians access medical cannabis products.