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Namaste Technologies Inc (OTCMKTS:NXTTF) Finalizes LOI With Supreme Pharmaceuticals Inc (OTCMKTS:SPRWF)

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Namaste Technologies Inc (OTCMKTS:NXTTF) Finalized a letter of intent with Supreme Pharmaceuticals Inc (OTCMKTS:SPRWF). The deal, finalized by Supreme 100% owned subsidiary named 7ACRES, and Namaste’s subsidiary, Cannmart Inc. provides that Supreme will offer CannMart with a leading range of premium dried cannabis flower, which will be sold in the firm’s medical marketplace.

The details

Supreme Pharmaceuticals is focused on producing premium cannabis via a commitment to carefully designed genetics, quality focused grow practices and a post-harvest procedure that comprises a 14-day whole crop drying procedure and hand finishing of flowers. Under the LOI terms, Namaste has dedicated to work with Supreme Pharmaceuticals as a preferred vendor as linked to possible branded associations, in addition to supply for company in-house branded medicinal cannabis.

All Supreme Pharmaceuticals cannabis will have the 7ACRES producers mark. Namaste Technologies considers that Supreme B2B distribution model goes well with Namastes Technologies focus on becoming online major retailer for medicinal cannabis in Canada.

Other terms of the LOI comprise: purchase orders to be given accompanied by guidelines governing the sale and purchase of medicinal cannabis in accordance with ACMPR; all products offered by 7ACRES to CannMart had to in agreement with ACMPR, 7ACRES SOP and GMP Practices; 7ACRES will offer all product photography and descriptions to be used pertaining to the sale of 7ACRES items through CannMart; CannMart will showcase 7ACRES trade-mark on packaging pertaining to the sale of any 7ACRES items through CannMarts online site; 7ACRES will be CannMarts selected supplier of leading dried cannabis flowers as it links to celebrity endorsements in association with Namaste and CannMart.

The LOI exhibits further progress for Namaste Technologies in finalizing this supply deal with one of Canadas major producers of leading quality cannabis. The company will focus on providing the massive variety of medicinal cannabis products.

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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