• Daily Marijuana Observer Facebook
  • Daily Marijuana Observer Twitter
  • Daily Marijuana Observer StockTwits
  • Daily Marijuana Observer SA
  • Daily Marijuana Observer Instagram
  • Daily Marijuana Observer Youtube
  • Pinterest Social Icon
  • Daily Marijuana Observer Talk Market

Namaste's CannMart Granted Producer License

March 16, 2018


Shares and warrants of Namaste Technologies Inc. (CSE:N) (OTC:NXTTF) were just halted by the Investment Industry Regulatory Organization of Canada due to "Pending News." The pending news, according to Health Canada's website, is that Namaste's CannMart Inc. was granted its production license. 



CannMart recently submitted its Affirmation of Readiness and video evidence package to Health Canada, which Namaste announced on March 5th. The next step will be CannMart's sales license. 


Namaste has been preparing for this for months having signed both a Letter of Intent with licensed producer Emerald Health Therapeutics Inc. (TSXV:EMH) (OTC:EMHTF) and a Supply Agreement with licensed producer The Supreme Cannabis Company, Inc. (TSXV:FIRE) (OTC:SPRWF) back in January. 


For those not familiar with CannMart, it was added into Namaste's portfolio last year via acquisition, and it "operates as a subsidiary that allows [Namaste] to engage in distribution of medical cannabis through [the company's] Toronto location."




To stay up to date with important developments in the cannabis industry, be sure to subscribe to one or more of our free email newsletters. Also, connect with The Daily Marijuana Observer on Facebook, Twitter, StockTwits and Instagram!



Please reload

Please reload

Please reload


© Copyright 2016-2020 Smoke Show Ventures, Inc.

RSS Feed

Disclaimer: Except for the historical information and data presented herein, matters discussed in articles on this website contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future performance or achievements expressed or implied by such coverage. Smoke Show Ventures, Inc., which owns The Daily Marijuana Observer, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Smoke Show Ventures, Inc., which owns The Daily Marijuana Observer, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. Before making specific investment decisions, readers should seek their own professional advice and that of their own professional financial adviser. Smoke Show Ventures, Inc. or its affiliates, which owns The Daily Marijuana Observer, may be compensated for its services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.dailymarijuanaobserver.com/legal-disclaimer/.