Namaste Technologies Exceeds its Goal with Time to Spare

Namaste Technologies Inc. (TSXV:N) has acquired more than 6,000 registered users on NamasteMD, Canada’s first fully-integrated medical cannabis telemedicine application

SmallCapPower | June 27, 2018: Namaste Technologies Inc. (TSXV:N) (OTCMKTS: NXTTF) Monday announced that it has exceeded its July 1st goal. The Company has acquired more than 6,000 registered users on NamasteMD with a 4.9-star rating based on 209 reviews on Apple iOS devices and a 4.7-star rating on Google Android based on 106 consumer reviews, exceeding the Company’s July 1st target of 5,000 registered users. NamasteMD is Canada’s first fully-integrated medical cannabis telemedicine application available on iPhone and Android devices, which provides free consultations in an enhanced online environment.

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Namaste Technologies anticipates further acceleration of its database during the second half of the year with new marketing initiatives and strategic partnerships, including applications of NamasteMD for Indigenous communities, targeted healthcare organizations, digital marketing and high-traffic content networks.

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Namaste Technologies is now focused on launching a comprehensive marketing strategy that will include content networks, digital marketing and PPC advertising. NamasteMD will provide remote access to rural communities, which suffer from sparce access to healthcare services. The Company will leverage its technology in partnerships with rural Indigenous communities as well as specialized healthcare groups to further accelerate patient growth during the next six months.

Namaste’s ability to acquire medical cannabis patients online, with an acquisition cost of only $59 per patient, should propel NamasteMD to become Canada’s largest database of Canadian medical cannabis patients. Namaste Technologies is confident that it will achieve its goal of acquiring 50,000 patients in 2018, with a target of 200,000 in 2019. Namaste Technologies has firmly established itself as a global innovator of technology platforms, e-commerce, telemedicine and artificial intelligence, all of which has helped propel its growing revenue as well as creating innovation within the cannabis industry.

Namaste Technologies currently trades at a market capitalization of $388.09 million on the TSXV.

Disclosure: Neither the author nor his family own shares in the company mentioned above.

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