Namaste Technologies Inc. (NXTTF) signs Master Services Agreement with Australian-based YPB

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. Their fully integrated e-commerce network spans across the globe offering everything from rolling papers to vaporizers. In Canada , Namaste has developed the country’s first telemedicine app, available on iPhone and Android devices which allows patients to connect to doctors or nurse practitioners and have access to a wide range of high-quality cannabis products and services. The shared strategy of this Agreement is to leverage Namaste’s market position with the objective that all vendors on its platform across the entire cannabis supply chain will adopt this technology and mark every product with YPB ProtectCodes to help protect consumers by ensuring the products and services they are purchasing are safe and reliable.

Sean Dollinger , President, and CEO of Namaste comments: “Our extensive tender process identified Australian-based company YPB as being able to deliver the most sophisticated forensic level anti-counterfeit security for brand protection. We are confident YPB’s Secure Supply Chain tracking will enhance trust in the legitimacy and integrity of the vast range of products and services being sold throughout the industry. Namaste has spent years building strong, trusted relationships with vendors in the industry many of whom suffer from having their products counterfeited and sold through unlicensed distributors. Through this partnership, Namaste offers an effective solution to further support our vaporizer and hardware vendors. Additionally, we believe this technology has the ability to revolutionize the sale of cannabis throughout the Canadian market, with the potential for global market penetration. We fully intend on leveraging our relationships with licensed producers with the hope of providing additional value to LP’s and their customers. As the market expands and becomes more competitive we expect to see an increased demand for the adoption and implementation of anti-counterfeit security to ensure all parties involved are adequately protected. We believe YPB is a leader in the space and we are excited to work alongside them to come up with unique solutions for the cannabis industry.