NXTTF - NXTTF STOCK NEWS

Namaste Technologies Inc. (OTCMKTS: NXTTF) announced the mutual termination of its agreement with Ignite International Brands, Ltd., ending CannMart's distribution of Ignite cannabis products in Canada. Effective December 29, 2020, CannMart will sell remaining Ignite inventory via provincial control boards and its medical channel. CEO Meni Morim emphasized the importance of brand recognition in the evolving cannabis industry and expressed optimism for future product innovations. Ignite will continue to be available through licensed retailers and CannMart's VendorLink platform.

On September 29, 2020, Namaste Technologies held its 2020 Annual General Meeting (AGM) via live webcast. Shareholders approved the election of five directors, including Baran Dilaver and Meni Morim, along with the appointment of Baker Tilly WM LLP as auditors. Also ratified were the amended stock option plan and new Deferred Share Unit and Restricted Share Unit Award Plans. The voting results showed considerable support for all nominees, with percentages of votes for each director ranging from 86.4% to 89.5%. For further details, visit Namaste's website.

Namaste Technologies Inc. (OTCMKTS: NXTTF) has announced a management change, appointing Slava Klems as the new interim CFO, effective October 31, 2020. Klems brings over ten years of experience in finance and has successfully managed various software implementation projects. Additionally, the company has settled a trademark dispute, agreeing to receive $250,000 in three payments over the next year while also assigning its trademarks to a defendant. The litigation related to the dispute is expected to be dismissed soon, allowing Namaste to refocus on its brand development and operations.

On Sept. 18, 2020, Namaste Technologies (OTCMKTS: NXTTF) launched VendorLink, a proprietary marketplace platform aimed at connecting brands with cannabis accessory vendors directly to CannMart customers. The first participant is Canada Puffin, well-known for premium cannabis accessories. VendorLink enables vendors to showcase their products alongside CannMart's inventory, enhancing exposure and sales opportunities. Namaste aims to strengthen Canada's position in the cannabis accessory market while providing new growth avenues for partnered brands.

Namaste Technologies has entered a strategic agreement with Lifted Innovations, a B2C e-commerce company in the cannabis accessory market. In exchange for Lifted's common shares, Namaste receives a 3.3% stake in Lifted's successor, PeakBirch Logic. The collaboration focuses on mutual benefits in the U.S. market and ancillary businesses over the next 24 months. This agreement follows Lifted's recent acquisition by Kootenay Zinc Corp. and reflects Namaste's ongoing efforts to expand its presence in the cannabis sector.

Namaste Technologies Inc. (OTCMKTS: NXTTF) has initiated the mailing of materials for its 2020 Annual General Meeting (AGM), scheduled for September 29, 2020, to be conducted virtually. Shareholders as of August 20, 2020, will receive details on meeting resolutions, available on SEDAR and the company's website. The AGM allows shareholders to participate, vote, and ask questions. Namaste Technologies, based in Toronto, offers a comprehensive online platform for cannabis products and education through CannMart.com.

Namaste Technologies (OTCMKTS: NXTTF) announced an agreement with Indiva Inc. to offer a range of Indiva's cannabis products, including CBD Softgels and Indica Capsules, on its online platform, CannMart, by August-end. Additional products like Bhang® Chocolate and Wana™ Sour Gummies are expected in Q4. This collaboration aims to expand CannMart’s product offerings and cater to both medical and recreational cannabis consumers. The company's AGM is scheduled for September 29, 2020, and details will be forthcoming.