VANCOUVER, June 25, 2018 /PRNewswire/ - Namaste Technologies Inc. ("Namaste" or the "Company") (TSXV: N)(FRA: M5BQ)(OTCMKTS: NXTTF) is pleased to announce that the Company has exceeded its July 1st goal and has acquired over 6,000 registered users on NamasteMD with a 4.9-star rating based on 209 reviews on Apple iOS devices and a 4.7-star rating on Google Android based on 106 consumer reviews. These results have exceeded the Company's July 1 target of 5,000 registered users and Namaste anticipates further acceleration of its database during the second half of the year with new marketing initiatives and strategic partnerships including applications of NamasteMD for Indigenous communities, targeted healthcare organizations, digital marketing and high-traffic content networks.
NamasteMD is Canada's first fully-integrated medical cannabis telemedicine application available on iPhone and Android devices, which provides free consultations in an enhanced online environment. Namaste's ability to acquire medical cannabis patients online, with an acquisition cost of only $59.00 per patient, will propel NamasteMD to become Canada's largest database of Canadian medical cannabis patients.
Namaste is now focused on launching a comprehensive marketing strategy that will include content networks, digital marketing and PPC advertising. NamasteMD will provide remote access to rural communities which suffer from little access to healthcare services. The Company will leverage its technology in partnerships with rural Indigenous communities as well as specialized healthcare groups to further accelerate patient growth over the next six months.
Namaste is confident that it will achieve its goal of acquiring 50,000 patients in 2018, with a target of 200,000 in 2019. Namaste has firmly established itself as a global innovator of technology platforms, e-commerce, telemedicine and artificial intelligence, all of which provide significant value to Namaste's growing revenue and in creating innovation within the cannabis industry.
Sean Dollinger, President and CEO of Namaste comments: "We're very pleased to see significant growth and acceleration of our NamasteMD platform. Recent updates to the app have allowed us to launch these new initiatives that will have a major impact on future growth. We're developing strategic partnerships with various groups including Indigenous communities who will partner with Namaste as we provide a fully-integrated platform for patient acquisition through NamasteMD with a diverse offering of cannabis products through Cannmart. We're presently acquiring patients faster than any of our industry peers, and at a fraction of the cost. At Namaste, we are dedicated to providing the best user experience possible through innovative technology platforms like NamasteMD. We're looking forward to announcing further milestones as hard work and innovation pave the way to Namaste's future."
About Namaste Technologies Inc.
Namaste Technologies is a global leader in the sale of medical cannabis consumption devices. Namaste has nine offices with multiple distribution centers around the globe and operates over 30 websites under various brands. Namaste has developed innovative technology platforms including NamasteMD.com, Canada's first ACMPR compliant telemedicine application. The company is focused on patient acquisition through NamasteMD and intends on building Canada's largest database of medical cannabis patients. The company's subsidiary, CannMart Inc. is an ACMPR Licensed Producer pending receipt of a "sales-only" license, whereby the company will offer a large variety of medical cannabis sourced from domestic and international producers. Namaste will continue to develop and acquire innovative technologies which will provide value to the Company and to its shareholders as well as to the broader cannabis market.
Further information on the Company and its products can be accessed through the links below:
FORWARD-LOOKING INFORMATION This press release contains forward-looking information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management's reasonable assumptions, Namaste assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company's disclosure documents which can be found under the Company's profile on www.sedar.com. This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Neither the TSX Venture Exchange nor its market regulator has reviewed or approved the contents of this press release.