Namaste Technologies Inc. (NXTTF) signs revenue-sharing agreement with Cannvas MedTech

Namaste Technologies Inc. (“Namaste” or the “Company”) (TSXV:N.V) (M5BQ.F) (NXTTF) is pleased to announce that it has signed a definitive revenue sharing agreement (the “Agreement”) with Cannvas MedTech Inc. (“Cannvas”) (CSE: MTEC, FRA: 3CM), a leading cannabis business technology company, whereby the two companies will share revenue generated through co-branding and marketing efforts between Namaste’s medical cannabis patient portal, NamasteMD (or “NamasteMD.com”) and the Cannvas.me cannabis education platform.”

Under the terms of the Agreement, Cannvas and Namaste will build and deploy technologies driving customer acquisition and value-added services between company platforms.  Both organizations will continue to explore other avenues to expand the partnership and enhance user experiences across their respective platforms.

Namaste is the world’s largest and most comprehensive cannabis-focused e-commerce platform with 32 sites in 20 countries and over 600,000 monthly visits to their e-commerce sites with a database of approximately 1.5 million users. The Company’s fully integrated e-commerce network spans across the globe offering everything from CBD products to rolling papers and vaporizers. In Canada , Namaste has developed the country’s first cannabis telemedicine app, available on iPhone and Android devices, allowing patients to connect to doctors or nurse practitioners for consultations within 15 minutes from sign-up.

The Agreement represents a strategic initiative whereby Namaste is partnering with a technology platform to drive new patient acquisition and create value for its partners. With the use of NamasteMD, the Cannvas.me educational platform will offer users convenient access to book medical cannabis consultations through NamasteMD, providing added value for and a new revenue stream for Cannvas.me.

Steve Loutskou , COO of Cannvas MedTech Inc. comments: “As we close in on the launch of Cannvas.me, we are very excited to team up with Namaste Technologies. They have done an incredible job creating the world’s largest and most comprehensive cannabis-focused e-commerce platform and make an ideal partner for Cannvas MedTech. We share a similar outlook of aspiring to partner with leading companies  making a difference educating consumers about the benefits of medical cannabis. I look forward to working with the Namaste team and building a long-term and mutually beneficial partnership.”

Kory Zelickson , Co-Founder and VP of Business Development for Namaste comments: “I am very impressed with the vision of Cannvas to become the unbiased source of education for medicinal and recreational cannabis users worldwide. With the legalization of cannabis in Canada only a few short months away, forming a long-term partnership with an educational platform furthers Namaste’s commitment to its patients around the safe and responsible use of cannabis.”

About Cannvas MedTech Inc.

Cannvas MedTech is a leading business technology company in the cannabis space. We design and build customer-centric solutions that enable our partners to harness the power of data to truly understand their customers, industry, and key business drivers.