Na­maste pro­vides de­tails on VapeBr deal

Stockwatch Daily - - MINES & METALS - Mr. Sean Dollinger re­ports

NA­MASTE TECH­NOLO­GIES Inc. has ac­quired the do­main and cus­tomer data­base of Brazil’s largest va­por­izer re­tailer, VapeBr, in con­sid­er­a­tion of sign­ing an ex­clu­sive ser­vices agree­ment for ful­fil­ment for Na­maste’s Brazil­ian op­er­a­tions. There was no cash con­sid­er­a­tion for the ac­qui­si­tion. Based on VapeBr’s 90-day sales his­tory with monthly sales over $80,000 per month, and through im­ple­men­ta­tion of Na­maste’s SEO (search en­gine op­ti­miza­tion) and ma­chine-learn­ing al­go­rithms, the com­pany ex­pects to add over $1-mil­lion in ad­di­tional an­nual rev­enue to Na­maste’s cur­rent rev­enue stream. Na­maste be­lieves that, with the ac­qui­si­tion of VapeBR and with estab­lish­ing a lo­cal ful­fil­ment cen­tre, its Brazil­ian op­er­a­tions will be prof­itable im­me­di­ately.

Un­der the terms of the agree­ment, Na­maste has ac­quired the VapeBr do­main and will there­fore in­herit all fu­ture as­so­ci­ated rev­enue in ex­change for an ex­clu­sive ful­fil­ment ser­vices agree­ment. VapeBr man­age­ment will re­ceive a $20 (U.S.) ful­fil­ment fee for each or­der ful­filled and has agreed to pro­vide the fol­low­ing ser­vices:

• In­ven­tory man­age­ment — main­tain­ing stock on be­half of Na­maste, keep­ing ac­cu­rate stock counts, mon­i­tor­ing for fraud­u­lent or­ders and man­ag­ing charge­backs, and pro­vid­ing fore­casts for fu­ture in­ven­tory pur­chas­ing;

• Or­der pro­cess­ing — re­ceiv­ing or­ders elec­tron­i­cally, and pick­ing, pack­ing and pro­cess­ing or­ders to ship to Na­maste and VapeBR cus­tomers;

• Lo­cal sup­port — lo­cal sales and cus­tomer ser­vice, man­ag­ing tick­ets and live chat;

• War­ranty/re­turn pro­cess­ing — re­ceiv­ing faulty items and is­su­ing re­place­ments un­der war­ranty. Na­maste has also agreed to work with the VapeBr man­age­ment team to so­licit top brands in or­der to pro­vide lo­cal war­ranty and re­pair ser­vices for the Brazil­ian mar­ket.

As a re­sult of this trans­ac­tion, Na­maste plans to greatly ex­pand the VapeBr prod­uct of­fer­ing as it sees very strong growth po­ten­tial in the Brazil­ian mar­ket. The ac­qui­si­tion of the VapeBr e-com­merce plat­form is also ex­pected to add over 10,000 ad­di­tional cus­tomers to Na­maste’s grow­ing global data­base of med­i­cal cannabis users.

Ad­di­tion­ally, Na­maste is pleased to an­nounce that the Na­mas­teMD smart phone app has been sub­mit­ted to the Ap­ple Store, is await­ing ap­proval, and is ex­pected to soon be avail­able on both IOS and An­droid de­vices. Na­mas­teMD is a rev­o­lu­tion­ary telemedicine ap­pli­ca­tion that has been de­signed to con­nect pa­tients with doc­tors and nurse prac­ti­tion­ers in an at­tempt to fa­cil­i­tate a seam­less process for ob­tain­ing med­i­cal doc­u­ments un­der Canada’s Ac­cess to Cannabis for Med­i­cal Pur­poses Reg­u­la­tions (ACMPR) pro­gram. Na­maste plans on uti­liz­ing this tech­nol­ogy on the Na­mas­teMD plat­form to dis­trib­ute medic­i­nal cannabis through its wholly owned sub­sidiary, Can­n­mart Inc.

Sean Dollinger, pres­i­dent and chief ex­ec­u­tive of­fi­cer of Na­maste, com­mented: “I am ex­tremely proud of our team for build­ing an e-com­merce plat­form that is be­ing ac­tively so­licited by our di­rect com­peti­tors to work col­lab­o­ra­tively. Based on this agree­ment, we ex­pect fur­ther op­por­tu­ni­ties to present them­selves for Na­maste to work with com­pa­nies look­ing to di­vest their busi­nesses and be­lieve such ar­range­ments are a win-win sit­u­a­tion for all par­ties in­volved. We are ex­tremely ex­cited that our ef­forts are not only be­ing no­ticed, but re­warded with ar­range­ments as such. Na­maste wel­comes these op­por­tu­ni­ties and an­tic­i­pates these trends to con­tinue as Na­maste steals mar­ket share on a global scale. This trans­ac­tion fur­ther con­firms the value we have cre­ated with re­gards to the prod­ucts and ser­vices we pro­vide and our abil­ity to lever­age our data­base mov­ing for­ward.

“As our e-com­merce plat­form evolves, we are con­fi­dent our de­ci­sion to im­ple­ment cut­ting-edge age and iden­tity ver­i­fi­ca­tion tech­nol­ogy ahead of our com­pe­ti­tion will be in­stru­men­tal in al­low­ing us to be­come in­dus­try lead­ers. We be­lieve these in­no­va­tive ini­tia­tives not only demon­strate our com­mit­ment to the in­dus­try, but also pro­vide an ideal so­lu­tion to en­sure the safe and re­spon­si­ble dis­tri­bu­tion of recre­ational cannabis on both a pro­vin­cial and fed­eral level.”

We seek Safe Har­bor.

Erika Flores con­densed this news re­lease (erikaf@stock­

Sean Dollinger, Sefi Dollinger, Ki­ran Sidhu, Peter Em­manouil Simeon, Philip van den Berg

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