RichTV Interviews Namaste Technologies’ CTO Chad Agate

Namaste Technologies

Namaste Technologies Inc. (TSXV:N) (OTCQB:NXTTF) is one of the few companies operating in the e-commerce cannabis space. Through its flagship platform, CannMart, the company owns more than 30 websites in over 20 countries under a variety of brands.

Last week, Rich profiled the company. Today, he welcomes Namaste’s Chief Technology Officer, Chad Agate, to RichTV Live.

Chad has 20 years of experience building disruptive technology businesses, leading technical teams, and product life-cycle management. Prior to joining Namaste Technologies, he was founder and co-founder of three tech-based start-ups, servicing mid-market and enterprise firms.

Namaste’s Agreement with Premium Cannabis Brand House

Chad is on hand to discuss Namaste’s recently signed agreement with TREC Brands Inc. TREC is a global cannabis brand house that’s joined forces with CannMart to bring high quality products to TREC’s customer base.

These products will be offered under the WINK cannabis brand. The deal is likely to drive revenue for both companies as Cannabis 2.0 draws near.

“We know this is the next phase of cannabis,” Chad says. “Our engagement with TREC allows us to provide a greater selection to customers.”

Enter Your E-mail Address To Subscribe

* indicates required
 

Chad goes on to say that, as a greater variety of cannabis products begin to hit shelves, consumers will become less interested in dried flower. This, he argues, will cause the public to see cannabis as a consumer-packaged good.

“People will want very specific products with very specific dosage and ingredients,” he explains. “And that’s where Namaste Technologies really sets itself apart. We are in the middle of these transactions.”

Pineapple Express

Chad also discusses Namaste’s partial ownership of Pineapple Express.

In March, the company completed its acquisition of 49% of the Toronto-based Pineapple Express Delivery Inc. Namaste is still pursuing ownership of a further 34%.

Meni Morim, Interim CEO of Namaste Technologies, said of the acquisition:

“The acquisition of the shares of Pineapple Express is an important component in Namaste’s growth strategy and customer service platform, and shows follow-through, as we continue to operate business as usual and moving forward. Having Pineapple Express as part of our family is an efficient way to get medicinal cannabis to customers in the Greater Toronto Area and across Canada as quickly and efficiently as possible.”

“We’ve heard very good feedback from customers about what we’re doing with Pineapple Express,” says Chad.

Namaste Technologies Forecast

In the near-term future, Chad says Namaste will focus on same-day delivery and building out its marketplace applications.

“We’ve invested heavily in our core technology base,” he says.

He specifically references Uppy, Namste’s AI-driven medical cannabis app. Uppy has the capacity to help consumers pick out the cannabis strain that’s best-suited for their needs. As the market becomes increasingly saturated with products, this will likely have a major impact on consumer preferences.

What do you think? Is Namaste providing solutions that the industry needs? Will e-commerce become the future of cannabis? Let us know your thoughts.

If you liked this interview, check out Rich’s recent video with Halo Labs (OCTQX:AGEEF) CEO Kiran Sidhu.

Featured image: Canva

Please See Disclaimer

If You Liked This Article Click To Share


Disclosure:

1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies set forth in this Article. The author determined which companies would be included in this article based on my research and understanding of the sector.

2) The Article was issued on behalf of a third party, Namaste Technologies Inc. Bitrics Markets Group Inc. and/or Iman Consulting Group has or expects to receive $800 Canadian dollars from Market Jar Media Inc. for the creation and distribution of the video.

3) Statements and opinions expressed are the opinions of the author and not Bitrics Markets Group Inc., its directors or officers. The author is wholly responsible for the validity of the statements. The author was not paid by Bitrics Markets Group Inc. for this Article. Bitrics Markets Group Inc. was not paid by the author to publish or syndicate this Article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Bitrics Markets Group Inc. requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Bitrics Markets Group Inc. relies upon the authors to accurately provide this information and Bitrics Markets Group Inc. has no means of verifying its accuracy.

4) The Article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of the information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Bitrics Markets Group Inc.’s terms of use and full legal disclaimer as set forth here.. This Article is not a solicitation for investment. Bitrics Markets Group Inc. does not render general or specific investment advice and the information on richtvlive.com should not be considered a recommendation to buy or sell any security. Bitrics Markets Group Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on Microsmallcap.com.

5) Bitrics Markets Group Inc. and its owners, members, officers, directors, partners and consultants may own shares of the profiled companies, which it may sell at any time, including as soon as it deposits such shares into its trading accounts, during our campaign of the profiled companies stock, after our campaign or at any other time. We also may buy and sell securities in the profiled companies which may cause (a) decline in the price of the profiled companies stock due to our selling activities, (b) increased volatility due to our buying and selling of the profiled companies stock and (c) permit us to make substantial profits while we are profiling each of these companies, yet may result in a diminished value to the stock for investors. for any company mentioned in the Article.