TORONTO – Namaste Technologies Inc. (“Namaste” or the “Company”) (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF), a main platform for hashish merchandise, equipment, and schooling, right this moment introduced CannMart Inc. (“CannMart”), a completely owned subsidiary, has been granted an unique license by IGNITE International Brands, Ltd. (“IGNITE”) (CSE: BILZ) (OTCQX: BILZF) to make the most of sure model emblems on cannabis-based merchandise on the market within the authorized Canadian market. In addition, CannMart has acquired approval from Alberta Gaming, Liquor & Cannabis (“AGLC”) and the Ontario Cannabis Retail Corporation working because the Ontario Cannabis Store (“OCS”) to start providing Cannabis 2.zero merchandise.

“Our agreement to become the exclusive distributor of IGNITE products in Canada is an important milestone for the company and positively reflects on our value proposition,” mentioned Meni Morim, CEO of Namaste Technologies. “CannMart continues to demonstrate its ability to grow its sales distribution channels in the Canadian market and this is attracting the attention of well-established brands like IGNITE. We place a high value on our relationships with these brands as it is our belief that brand recognition will be a major driver of growth as the legal industry matures and transitions to consumer-packaged goods. The opportunity for CannMart to be the exclusive distributor for IGNITE in Canada reinforces our position in the competitive cannabis market as consumers gravitate towards brands that are well known and trusted for their quality.”

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“The listing of Cannabis 2.0 products for the provinces of Ontario and Alberta is an important achievement and opens meaningful additional revenue channels. The Cannabis 2.0 market is a large addressable market and the approval to list our products in Alberta and Ontario, with more than 450 and 90 cannabis stores respectively, represents a substantial increase in the addressable market for CannMart. We expect to continue our recent sales success of cannabis products from premium brands, like IGNITE, through CannMart.com and throughout our network of government partners and retailers.”

“Canada is an important market for IGNITE International Brands and CannMart has shown its ability to deliver high quality products to our target market,” mentioned Lester Lee, President of IGNITE. “The awareness of the IGNITE brand continues to build throughout Canada and our product sales continue to grow. The team at CannMart has been instrumental and has proven their competency to navigate the regulations within the legal market. We trust that our brand can be nurtured in accordance with our high standards and together we can continue to build on our early success as we look to grow market share.”

Further to the information launch of March 20, 2020, CannMart and IGNITE have amended the licensing settlement so as to add exclusivity to the markets in Canada. The revised settlement grants CannMart an unique licence to make use of sure IGNITE model emblems on authorized cannabis-based merchandise (the “IGNITE Products”) in consideration for sure royalty funds. CannMart’s introduction of IGNITE hashish merchandise has been welcomed by its prospects and demand has continued to develop.

CannMart’s itemizing of its first Cannabis 2.zero merchandise within the provinces of Alberta and Ontario are actually accredited by each jurisdictions. CannMart’s first providing will likely be a wide range of vape cartridges. The AGLC is accountable for regulating and distributing hashish to Alberta’s licensed retailers and the only authorized on-line retailer for leisure hashish at www.albertacannabis.org. The OCS is the only authorized on-line retailer and wholesaler for leisure hashish for Canada’s most populous province.


About Ignite International Brands Ltd.
IGNITE is a world client model, working within the premium product phase of the market. Founded by Dan Bilzerian, IGNITEs ‘quality-first’ method is prime to the model and its merchandise. Originally working within the hashish and hemp-derived cannabidiol (CBD) wellness house, IGNITE was in a position to set up its model consciousness. IGNITE product classes now embrace a full line of CBD oil tinctures, CBD topicals, CBD pet merchandise and CBD vape gadgets, produced by varied companions and bought via choose distributors, brick and mortar retailers, and on-line via IGNITE’s web site, ignite.co. The IGNITE THC product line, which was launched subsequent to the CBD product line, incorporates high quality, domestically sourced, hashish merchandise.  

Since the launching of its THC and CBD merchandise, IGNITE has expanded into the beverage house, launching a full line of purposeful efficiency enhancing drinks. The IGNITE beverage line presently consists of PH-alkaline balanced water, a line of premium efficiency drinks, named Z-RO in addition to a gluten-free, seven-time distilled Vodka. IGNITE drinks will likely be distributed nationally inside the United States and obtainable to buy on the IGNITE drinks web site, IgniteDrinks.co.  

IGNITE is a socially accountable firm and is dedicated to utilizing its advertising and marketing and model energy as a constructive catalyst for a wholesome life-style. The IGNITE administration workforce believes that socially accountable oriented actions have a constructive affect on IGNITE, its staff and its shareholders.  

Shares of IGNITE are listed on the Canadian Securities Exchange (CSE) beneath the image “BILZ” and in the United States on the OTCQX beneath the image “BILZF”.  

About Namaste Technologies Inc.
With headquarters in Toronto, ON, and workplaces in each B.C. and across the globe, Namaste Technologies is a number one on-line platform for hashish merchandise, equipment, and accountable schooling. The firm’s ‘everything cannabis store’, CannMart.com, supplies prospects with a various number of hand-picked merchandise from a large number of federally-licensed cultivators, all on one handy web site. Namaste’s international know-how and steady innovation tackle native wants in a burgeoning hashish trade requiring good options.

Information on the Company and its many merchandise could be accessed via the hyperlinks beneath:
NamasteTechnologies.com
NamasteMD.com
Cannmart.com
NamasteVapes.ca
Everyonedoesit.ca

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