Connect with us


Namaste (OTCMKTS:NXTTF) Enters Licensing Agreement With Phyto Extraction And TREC Brands



Namaste Technologies (OTCMKTS:NXTTF) has announced that CannMart Labs Inc., its wholly-owned subsidiary has signed a licensing agreement with cannabis brand Phyto Extraction. This comes days after CannMart also announced a licensing and manufacturing agreement with TREC Brands.

Cannmart Labs signs licensing agreement with Phyto Extractions

The exclusive licensing agreement with Phyto Extractions grants CannMart Labs a license to use trademarks of Phyto on particular cannabis products such as cannabis capsules, tincture bottles and jars, and vaporizing pen cartridges. According to the agreement, CannMart Labs may obtain a production license and may assign the rights under the agreement to Namaste’s subsidiary CannMart Inc.

Namaste’s CEO Meni Morim praised the move saying that Phyto Extractions is an established brand name in the cannabis space. He also welcomed the company’s innovative products to CannMart’s cannabis store and distribution platform. Meni indicated that there is growing competition in the industry as cannabis companies anticipate cannabis derivatives hitting the market following the legalization of Cannabis 2.0. As a result, Namaste is working with leading brands in the industry like Phyto so that it can source high-quality products for customers.

The company has added Phyto’s product line to its website as it continues to enhance its product offering aggressively. CannMart is the online ‘everything cannabis store in Canada that offers a wide range of legal cannabis products in the country.

Namaste enters an agreement with TREC through CannMart

Namaste is committed to offering its customers quality products, and as a result, CannMart has joined forces with TREC to offer high-quality products to the brand conscious customer base of TREC. They will bring the products under the WINK brand and thus enhance revenue growth for both companies.

Meni indicated that through CannMart, they have developed a robust distribution channel for cannabis products that they will combine with TREC’s brand. This will enhance the distribution of quality products to physical locations in Ontario and Saskatchewan. Meni further indicated that TREC has superior brand products and that the company has done a lot to support various initiatives in Canada as well as globally.

*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.



Ventura Cannabis and Wellness Corp (OTCMKTS:CVHIF) Disposes Of Addiction Services Business: Posts Cannabis Revenues Of $1.7 Million In Q1 2021

Post Views: 136 Ventura Cannabis and Wellness Corp (OTCMKTS:CVHIF) reported revenues of $1.7 million from the cannabis business in Q1...

Business2 days ago

Cronos Group Inc (NASDAQ:CRON) Commences Sale Of Dried Cannabis Products Under Peace Naturals Brand In Israel: Posts $9.9 Million In Revenues In Q2 2020

Post Views: 136 Cronos Group Inc (NASDAQ:CRON) reported revenues of $9.9 million in Q2 2020. It posted a growth of...

Business5 days ago

Plus Products Inc (OTCMKTS:PLPRF) Introduces High Cubes Brand In The Californian Market For Recreational Use

Post Views: 60 Plus Products Inc (OTCMKTS:PLPRF) unveiled high THC concentrated Gummies under High Cubes Brand for recreational use in...

Business6 days ago

Emerald Health Therapeutics Inc. (OTCMKTS:EMHTF) Introduces Pure Sunfarm Products In Manitoba As Its Terminates Facility Agreements

Post Views: 164 Emerald Health Therapeutics Inc. (OTCMKTS:EMHTF) has announced that its cannabis production joint venture Pure Sunfarms has started...

Business1 week ago

Planet 13 Holdings Inc. (OTCMKTS:PLNHF) Signs Purchase Agreement To Acquire 45,000 Sq. ft. Facility In Nevada

Post Views: 256 Planet 13 Holdings Inc. (OTCMKTS:PLNHF) announced the signing of an asset purchase agreement subject to which it...

Business1 week ago

AXIM® Biotechnologies Inc. (OTCMKTS:AXIM) Unveils its NeuCovix™ Test That Can Accurately Classify COVID-19 Neutralization Tests

Post Views: 121 AXIM® Biotechnologies Inc. (OTCMKTS:AXIM) has completed a study focusing on the performance of its NeuCovix™ rapid test...