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Namaste Technologies Inc (OTCMKTS:NXTTF) And Phivida Holdings Inc (OTCMKTS:PHVAF) Report Exclusive Supply Deal

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Namaste Technologies Inc (OTCMKTS:NXTTF) and Phivida Holdings Inc (OTCMKTS:PHVAF) has finalized a Global Digital Reseller-Supply Deal. As key terms in the deal, Namaste has been permitted as the preferred global digital affiliate marketing associate and online retailer partner for Phivida Holdings’ product line of best hemp-derived Cannabidiol infused functional drinks and clinical heath products. The deal includes an international online territory, targeting the release in Germany and Australia.

The details

Phivida Holdings CBD beverages, extracts, shots and juices are professionally made with premium ingredients, and made by health care practitioners, tested for safety, quality and manufactured to GMP set guidelines. This Agreement exhibits a strategic initiative between two firms to promote high quality Cannabidiol products via Namaste’s platform and to the firm’s current databases of customers within the Territories. Cannabidiol is a cannabinoid compound and can be derived from hemp as well as cannabis plants and plays a major role in the emerging international medicinal cannabis market.

With management team of Phivida having a remarkable background from the beverage market and branding, including ex-senior executives from Proctor and Gamble, McKesson’s and Redbull, Namaste Technologies is delighted to be able to offer Phivida Holdings’ premium CBD infusions and beverages to its patients and practitioners internationally, with an initial release in Australia and Germany.

Namaste has exclusive privileges for online retail of Phivida Holdings’ products in the Territories. This deal holds valid for a 24-month period. It payment terms are net thirty days. Namaste Technologies shall be accountable for delivery costs. It will under no condition retail PHIVIDA offerings for a rate that is less than the set regular retail price. This is the same price at which the offerings are advertised on PHIVIDA Holdings’ website. The deal mentions that all web product marketing expenses occurred within the Territories will be shared mutually between Namaste Technologies and PHIVIDA.

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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