Namaste Technologies Announces Phyto Extractions Shatter Now Available Nationally for Medical Consumers
25 5월 2021 - 8:30PM
Namaste Technologies Inc.
(“
Namaste” or the “
Company”)
(TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) a
marketplace platform for cannabis and wellness products, is excited
to announce that the Company’s subsidiary, CannMart Inc., holder of
exclusive distribution rights to all Phyto
Extractions
™ products, is now distributing Phyto
Extractions’ well known shatter products nationally for its medical
consumers at CannMart.com, and distribution to recreational
consumers via anticipated future sales to provincial monopoly
wholesalers. This new launch will provide patients through
CannMart.com the opportunity to purchase Phyto Extractions’ latest
shatter product line in three strain varieties: Pink Kush, Blue
Gorilla OG and D. Bubba, offering Canadians the opportunity of a
renewed experience in the limited shatter offerings currently
available in Canada. CannMart medical patients are easily able to
purchase Phyto Extractions products from the comfort of their home
and have them delivered directly to their door once they have
received their medical document.
“We are pleased to offer cannabis consumers high
quality shatter products from Phyto," said Meni Morim, CEO of
Namaste. "Shatter is a specialized subcategory of concentrate
products, which is currently underserved, and has higher margins.
The Phyto brand carries significant legacy cache when it comes to
this subcategory, all combined, making this product expansion a
compelling growth opportunity. While these products are available
now for medical customers, we expect them to be available on the
recreational market shortly. We have already received confirmations
and approvals for SKUs in hand and purchase orders in process of
finalization with certain provinces - all wanting this new product
line available for their consumers.”
Phyto Extractions’ shatter is a well-known
cannabis extract in its purest form, with over 70% THC, negligible
CBD content, and a distinguishing effect that is said to outperform
other extracts. Extracted with butane to preserve cannabis
terpenes, both shatter’s fast-acting onset and natural derived
terpenes that maintain and enhance the natural flavour of the
extracted plant are unique selling points that are highly regarded
by medical and recreational consumers. These products are
anticipated to be available shortly via CannMart’s wholesale
distribution channel in Alberta, Saskatchewan, Manitoba, British
Columbia and Ontario to recreational customers, looking for a
desirable experience with cannabis concentrates.
Producing pure extracts such as shatter, must be
conducted in a controlled laboratory environment with strict safety
measures. Phyto Extractions has recently upgraded its facility with
the new ExtractionTek Solutions MeP XT70 hydrocarbon extraction
system to ensure all shatter products are pure, safe and consistent
with unmatched quality to maximize the consumer experience. For
more information on how shatter is made, watch Phyto Extractions
facility tour and shatter production process:
https://youtu.be/bMz4V_WVoLI
About Phyto Extractions™
Phyto Extractions™ is an agricultural-scale
cannabis extraction, distillation and product manufacturer located
in Langley, BC at its co-located Health Canada Licensed Standard
Processing (extraction and products, no cultivation), Sales
(extracts, topicals, and edibles), and R&D through Adastra Labs
Inc. and Analytical Testing Laboratory through Chemia Analytics
Inc.
About Namaste Technologies
Inc.
Headquartered in Toronto, Canada, Namaste
Technologies is a marketplace platform for cannabis and wellness
products. At CannMart.com, the Company provides Canadian medical
customers with a diverse selection of hand-picked products from a
multitude of federally licensed cultivators and US customers with
access to hemp-derived CBD and smoking accessories. The Company
also distributes licensed and in-house branded cannabis and
cannabis derived products in Canada through a number of provincial
government control boards and retailing bodies and facilitates
licensed cannabis retailer sales online in Saskatchewan. Namaste’s
global technology and continuous innovation address local needs in
a burgeoning cannabis industry requiring smart solutions.
Information on the Company and its many products
can be accessed through the links below:
NamasteTechnologies.com
NamasteMD.com
Cannmart.com
For more information please
contact:Namaste Technologies Inc.Meni Morim, CEOEdward
Miller, VP Investor RelationsPh: 647-362-0390Email:
ir@namastetechnologies.com
Source: Namaste Technologies Inc
FORWARD-LOOKING INFORMATION – This news release
contains “forward-looking information” within the meaning of
applicable securities laws. All statements contained herein that
are not historical in nature contain forward-looking information.
Forward-looking information can be identified by words or phrases
such as “may”, “expect”, “likely”, “should”, “would”, “plan”,
“anticipate”, “intend”, “potential”, “proposed”, “estimate”,
“believe” or the negative of these terms, or other similar words,
expressions and grammatical variations thereof, or statements that
certain events or conditions “may” or “will” happen.
The forward-looking information contained
herein, including, without limitation, statements related to
distribution of products on cannmart.com and through CannMart
provincial buyers are made as of the date of this press release and
is based on assumptions management believed to be reasonable at the
time such statements were made, including, without limitation,
CannMart Inc.’s ability to finalize and fulfill purchase orders for
shatter products, as well as other considerations that are believed
to be appropriate in the circumstances. While we consider these
assumptions to be reasonable based on information currently
available to management, there is no assurance that such
expectations will prove to be correct. By its nature,
forward-looking information is subject to inherent risks and
uncertainties that may be general or specific and which give rise
to the possibility that expectations, forecasts, predictions,
projections or conclusions will not prove to be accurate, that
assumptions may not be correct and that objectives, strategic goals
and priorities will not be achieved. A variety of factors,
including known and unknown risks, many of which are beyond our
control, could cause actual results to differ materially from the
forward-looking information in this press release. Such factors
include, without limitation: regulatory risk, risks relating to the
Company’s ability to execute its business strategy and the benefits
realizable therefrom and risks specifically related to the
Company’s operations. Additional risk factors can also be found in
the Company’s current MD&A and annual information form, both of
which have been filed under the Company’s SEDAR profile at
www.sedar.com. Readers are cautioned not to put undue reliance on
forward-looking information. The Company undertakes no obligation
to update or revise any forward-looking information, whether as a
result of new information, future events or otherwise, except as
required by applicable law. Forward-looking statements contained in
this news release are expressly qualified by this cautionary
statement.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release or has in any way approved
or disapproved of the contents of this press release.
Namaste Technologies (TSXV:N)
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Namaste Technologies (TSXV:N)
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