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Emerald Health Therapeutics Inc. (OTCMKTS:EMHTF) And Namaste Technologies Inc (OTCQB:NXTTF) Reports LOI For Global Partnership And Supply Deal

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Emerald Health Therapeutics Inc. (OTCMKTS:EMHTF) and Namaste Technologies Inc (OTCQB:NXTTF) have finalized a Letter of Intent whereby both firms intend to enter into a definitive deal to collaborate on strategic business prospects globally and advance a fully-integrated online platform to serve as a retail platform for Emerald’s patients.

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As per the terms of the Proposed Deal, the firms would leverage Namaste’s current consumer databases, e-commerce technology and site traffic for marketing purposes together with Emerald Health’s biotech and pharmaceutical expertise to advance medical cannabis downstream offerings tailored to particular markets and patients.

The online platform will be advanced utilizing Namaste’s technology, including advanced on-site optimization processes and machine learning algorithms, and is planned to be offered on mobile devices and desktop. Through the platform Namaste Technologies would offer its full product catalog of more than 1000 cannabis delivery devices to Emerald Health for sale to its patients. This online platform is intended to connect to Namaste Technologies’ inventory management system and be accommodating with Canada’s ACMPR regulations.

Under the LOI, Emerald Health will finalize a medical cannabis Supply Deal with Namaste’s subsidiary, Cannmart Inc., whereby Emerald would offer proprietary strains of medicinal cannabis to Cannmart. Emerald Health is an ACMPR approved producer of medical cannabis that grows proprietary cannabis strains utilizing validated growing methods supported by cutting-edge research. Cannmart intends to influence the medical cannabis web retail market in Canada as it emphasizes on bringing an extensive variety of medical cannabis offerings from several licensed producers, both abroad and domestically, on a seamless platform for patients.

Avtar Dhillon, the Executive Chairman of Emerald Health, reported that their objective is to provide a broad selection of cannabis offerings to adult customers through different legal channels, including physical and digital stores. They consider that combining Namaste’s web marketing tools and expertise, growing and large consumer base, and collection of cannabis delivery items with their cannabis strains and product advancement expertise can result in notable incremental sales in approved markets in Canada and globally.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of MMJReporter.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure

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