Namaste Announces Submission of its Application to List on the NASDAQ
VANCOUVER, July 23, 2018 /PRNewswire/ – Namaste Technologies Inc. (“Namaste” or the “Company”) (TSXV: N) (FRANKFURT: M5BQ) (OTCQB: NXTTF) is pleased to announce that the Company has submitted its application to list its common shares on the NASDAQ Capital Market (“NASDAQ”).
In advance of the listing on NASDAQ, Namaste will file a Form 40-F Registration Statement with the United States Securities and Exchange Commission. The listing of the Company’s common shares on NASDAQ remains subject to the approval of NASDAQ and the satisfaction of all applicable listing and regulatory requirements, including the effectiveness of the Form 40-F Registration Statement. The Company may also seek shareholder approval for a share consolidation in order to meet the share-price requirements of NASDAQ.
Namaste’s common shares will continue to trade on the OTCQB under the ticker symbol NXTTF until NASDAQ approval and uplisting, at which time the Company’s ticker symbol will change to NAMD. Namaste’s common shares will continue to trade on the TSX Venture Exchange (“TSXV”) under the ticker symbol “N” post-NASDAQ uplisting.
Management Commentary
We’re very excited to become one of the first Canadian cannabis companies to pursue this prestigious listing. Listing Namaste shares on NASDAQ will support the Company’s anticipated growth as we’re actively expanding our global business and entering into new sales channels.
Sean Dollinger, President and CEO of Namaste
Namaste has certainly come a long way from humble beginnings and we’re very proud of our team and their accomplishments and are very much looking forward to elevating the Company’s profile by listing on NASDAQ.
About Namaste Technologies Inc.
Namaste Technologies is Your Everything Cannabis Store™. Namaste operates the largest global cannabis e-commerce platform with over 30 websites in 20+ countries under various brands. Namaste’s product offering through its subsidiaries includes vaporizers, glassware, accessories, CBD products, and the company will soon be selling medical cannabis in the Canadian market, subject to approval by Health Canada.
Namaste has developed and acquired innovative technology platforms including NamasteMD.com, Canada’s first Health Canada compliant telemedicine application, and in May 2018 the Company acquired a leading e-commerce AI and Machine Learning Company, Findify AB. Findify uses artificial intelligence algorithms to optimize and personalize a consumer’s on-site buying experience. Namaste is focused on leveraging its cutting-edge technology to enhance the user experience throughout its platforms. Namaste will continue to develop and acquire innovative technologies which will provide value to the Company and to its shareholders as well as to the broader cannabis market.
