Our Client Namaste Technologies was featured in a story by The Cannabis Daily Record
Canada’s Namaste makes acquisitions, posts record sales
Vancouver, Canada — Namaste Technologies is being hailed a as the Amazon of the Cannabis space as it is now the world’s largest e-commerce seller of cannabis hardware globally. The company sold a record $2.2M in one month this past November, operates in over 20 countries, has 32 websites and has staff speaking nine languages.
Recent sales are up from $300k/month. Their stock has also gone up close to 20x in value since going public just over two years ago.
Namaste Technologies has been able to achieve this parabolic growth by acquiring 3 other e-commerce cannabis companies and improving their conversion rates, doing many partnership and JV deals with many of the major marijuana and vape producers.
With Namaste’s global presence and innovative technology, it’s able to stay on track and ahead of the competition with new developments as a leading innovator within the cannabis industry.
The company uses the most innovative technologies including applications of machine-learning algorithms which users’ on-site behavior to better predict which products to display, creating a better experience and dramatically improving conversion rates.
The company’s most recent success was in the launch of a virtual patient portal called NamasteMD (NamasteMD.com), whereby individuals can consult with doctors or nurse practitioners via a mobile application to obtain medical cannabis prescription through an online video consultation.
NamasteMD is available on Apple and Google Android devices and offers a simple solution for patients to acquire their prescriptions without having to visit a doctor or clinic. NamasteMD’s team of doctors and nurse practitioners offer the highest level of care for their patients and offer services including strain recommendations, prescription renewals and transfers to other providers.
Namaste, will soon be launching its online marketplace for medical cannabis at Cannmart.com. The company has achieved great success in becoming the largest marketplace for cannabis hardware and peripherals and fully intends to do the same for medical cannabis. The launch of Cannmart in the Canadian market represents the first step for the company as a proof of concept.
Namaste will utilize its site traffic along with NamasteMD to convert patients and connect them through to Cannmart. On Cannmart’s website, patients will have access to the largest and most diverse range of medical cannabis products. The Canadian market represents only one small component of the company’s global reach. Namaste’s management team will pursue the same strategy in international markets like Australia and Europe to become an all-encompassing cannabis marketplace offering patients not only the best quality products but also industry leading customers and patient services.
Namaste also recently announced nominations to its board of directors including Branden Sparks, former CIO of SpaceX and ‘right-hand-man’ to Elon Musk as well as Laurens Finstra of Google’s prized self-driving car division, Waymo.
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