Namaste Technologies Inc. (NXTTF) Signs E-Commerce and Technology Services Agreement with BlissCo Cannabis Corp

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Namaste Signs E-Commerce and Technology Services Agreement with BlissCo Cannabis Corp

Namaste Technologies Inc. (“Namaste” or the “Company”) (TSXV:N.V) (M5BQ.F) (NXTTF) is pleased to announce that the Company has signed an e-commerce and technology services agreement (the “Agreement”) with BlissCo Cannabis Corp Inc. (“BlissCo”) (BLIS.CN) (FRA: GQ4B:GR), whereby Namaste will provide services including access to Namaste’s technology platforms, software integrations and e-commerce services including those powered by Namaste’s e-commerce artificial intelligence (AI) platform, Findify.io.

Under the terms of this Agreement, Namaste will leverage its proprietary technology platforms to develop an innovative online marketplace in partnership with BlissCo to enhance BlissCo’s patient experience. BlissCo is a Canadian licensed producer and distributor of high-quality medical cannabis that operates an Access to Cannabis for Medical Purposes Regulations (“ACMPR”) cultivation facility based in Langley, BC .

Namaste has developed industry-leading technology platforms which bring significant value to both the Company and the cannabis industry. This Agreement with BlissCo represents Namaste’s ability to enhance the consumer experience for its own customers and those of its industry peers.

Under the terms of the Agreement, Namaste will assist BlissCo in enhancing its online platform by utilizing Namaste’s suite of innovative technologies including;

  • Comprehensive audit of BlissCo’s e-commerce platform.
  • Enhancement recommendations to improve the user experience.
  • Software integrations including AI and machine learning through Findify.io.
  • Customization of Namaste’s telemedicine application, NamasteMD.
  • E-commerce development services including programming and IT.
  • Access to same-day delivery service through Pineapple Express Inc.

Blissco will compensate Namaste for services with 210,000 common stock options. Each option will have an exercise term of up to three (3) years.

Namaste is also pleased to announce that President and CEO, Sean Dollinger will join BlissCo’s board of directors. Namaste believes support from its management team will bring value to BlissCo’s board in areas of technology and e-commerce.

Namaste is focused on the development and acquisition of innovative technologies that will have a significant impact on the cannabis industry. As legalization of medical and recreational cannabis evolves globally and cannabis prices consolidate, Namaste will focus on technology and e-commerce innovations that can offer significant value to the Company and its industry peers. As many companies focus on cultivation, Namaste is establishing its position as a leader in e-commerce and technology in the cannabis industry.

Management Commentary

Damian Kettlewell , President and CEO of BlissCo comments; “By signing this partnership with Namaste, we are building yet another layer within the BlissCo Ecosystem that will enhance our connection with customers. This direct connection will provide a critical feedback loop to continuously improve our offerings, cultivate relationships and truly understand our customers. Providing a great experience is paramount for us and this technology gives us the tools we need to deliver that seamlessly.”

We’re also very pleased to have Namaste’s CEO Sean Dollinger join our board of directors and feel that Sean will bring great value and insight to our board and we look forward to expanding our relationship with Namaste in the future.

Sean Dollinger , President and CEO of Namaste comments; “We’re very proud to be partnering with Blissco and offering these services. We truly feel that the technology we’re developing will bring great value to others as well. We consider ourselves very fortunate to be breaking ground in exciting areas of technology including AI and machine learning within applications in the cannabis industry. Our technology platforms, like NamasteMD can also help all Canadians with more convenient access to medical cannabis from the comfort of their home.

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