Namaste Technologies Inc. (NXTTF) receives approval of Normal Course Issuer Bid to repurchase and cancel up to 25,308,136 shares

Namaste Technologies Inc. (“Namaste” or the “Company”) (TSXV:N.V) (M5BQ.F)(NXTTF) is pleased to announce that the Company has received approval from the TSX Venture Exchange (the “Exchange”) for a Normal Course Issuer Bid (“NCIB”) to repurchase for cancellation up to  25,308,136 common shares of its own capital through the facilities of the Exchange. The NCIB will be in place for a 12-month duration, commencing on July 18 ^th, 2018 and ending July 17 ^th, 2019. Additionally, Namaste is also pleased to announce that the Company will attend and present at Grit Capital Advisory’s upcoming July 25-27th 2018 conference, GritCAMP.

Pursuant to the notice of intention filed with the Exchange, the Corporation intends to purchase for cancellation, through the facilities of the Exchange and at the market price of the Corporation’s common shares (“Common Shares”) at the time of purchase, up to 25,308,136 Common Shares, representing approximately 8.9% of the Company’s issued and outstanding common shares and 10% of the Company’s “public float” (as such term is defined in the TSX-V Corporation Finance Manual).

The NCIB will be conducted on behalf of the Company by Canaccord Genuity Inc. (“Cannacord”). The actual number of Common Shares that may be purchased and the timing of any such purchases will be determined by the Corporation and will be made in accordance with the requirements of the Exchange.

The Corporation will enter into a pre-defined plan with Cannacord to allow for the purchase of Common Shares by the Corporation at times when it ordinarily would not be active in the market due to internal trading blackout periods.

Namaste is pleased to announce that CEO Sean Dollinger will be presenting at GritCAMP’s upcoming cannabis and crypto conference on July 25 ^th-27^th, 2018. Grit Capital Advisory firm is well-known for its aggressive “out of the box” thinking. The conference will feature 20 of the most exciting crypto, cannabis, gaming & health-tech companies in North America and will feature +50 international wealth managers, 1×1 company circuit, immersive games and competitions, unique skill building in personal cyber-security, presenting with flair, tricks of the trade tax planning, live pyrotechnics entertainment and much more.

Genevieve Roch-Decter , CEO of Grit Capital comments: – “Cannabis and crypto are two of the most booming growth sectors in North America . Billions of dollars of capital are being invested into these industries with increasing institutional backing. Grit Capital prides itself on showcasing the right companies to the right people, in immersive settings where “fun” and “informative” intersect, driving strong investor engagement.”

To sign-up for GritCAMP, the crypto & cannabis markets and investments conference, visit www.gritcamp.ca

Management Commentary

Sean Dollinger , President and CEO of Namaste comments: – “We believe that the present trading price of the Common Shares of the Namaste is at a significant discount to a what we believe is reflective of the Corporation’s value as a whole. Subsequently, management is of the view that it is in the best interests of all shareholders of the Corporation that, from time to time, Common Shares be acquired by the Corporation and returned to the treasury, thus increasing the Corporation’s value per Common Share for remaining shareholders.