Namaste Stock Gains on Kief Cannabis Addition and Alberta Supply Deal

Namaste stock

Namaste stock is on the up today after Namaste Technologies (TSXV:N) (OTCQB:NXTTF) announced that it had added premium craft cannabis brand Kief Cannabis Co to its online marketplace CannMart, as well as news that it had signed a supply agreement with Alberta Gaming, Liquor & Cannabis.

Growing Demand for Premium Cannabis

Namaste Technologies is continuing its robust start to the new year by welcoming Kief to its marketplace. Namaste holds a minority position in the pure craft cannabis company, as well as certain product purchasing rights. Kief Cannabis has recently received a Health Canada license, and its products are expected to be added to the CannMart website for medical patients imminently. News of the deal has sent Namaste stock up 3% on OTC markets on Tuesday.

Through its CannMart subsidiary, Namaste Technologies has also announced that it has signed a supply agreement with Alberta Gaming, Liquor & Cannabis (AGLC), the agency responsible for regulating and distributing cannabis to Alberta's licensed retailers. AGLC is also the only legal online retailer for recreational cannabis in the province. Alberta is the fifth provincial government to sign a deal with CannMart for cannabis product distribution and has more licensed retailers than any other Canadian province. Namaste stock is currently trading for $0.54.

>> Curaleaf Stock Continues to Outperform on Improving Fundamentals

"We are committed to offering a diverse selection of cannabis products across the full spectrum of consumer segments throughout Canada and therefore we are very excited to be working with Kief and the province of Alberta," said CEO Meni Morim. "The addition of Alberta is particularly important as we are seeing repeat orders from our provincial agency customers. The company believes that there is a growing demand for premium cannabis brands as consumers seek both the quality and consistency that is painstakingly cultured by the craft grower."

Namaste Stock Doubles from Lows

After a disappointing slump in 2019, which saw Namaste shares fall from a peak of $1.14 in February to as low as $0.27 by mid-December, the cannabis e-commerce stock has been on a tear since and has doubled off the back of a string of positive announcements, including Chokat's receipt of a Health Canada license. With investors beginning to realize the value in Namaste stock, 2020 is shaping up to be a big year indeed for Namaste Technologies.

What do you think?

>> Read More Namaste News

Featured Image: Canva

Please See Disclaimer

If You Liked This Article Click To Share


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. Market Jar Media Inc. has or expects to receive one hundred and twenty-eight thousand, six hundred Canadian dollars from Namaste Technologies Inc.’s agency of record Native Ads Inc. for 122 days (85 business days).

3) Statements and opinions expressed are the opinions of the author and not Market Jar Media Inc., its directors or officers. The author is wholly responsible for the validity of the statements. The author was not paid by Market Jar Media Inc. for this Article. Market Jar Media 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. Market Jar Media Inc. requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Market Jar Media Inc. relies upon the authors to accurately provide this information and Market Jar Media 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 information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Market Jar Media Inc.’s terms of use and full legal disclaimer as set forth here.. This Article is not a solicitation for investment. Market Jar Media Inc. does not render general or specific investment advice and the information on should not be considered a recommendation to buy or sell any security. Market Jar Media Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on

5) Market Jar Media Inc. and its respective directors, officers and employees hold no shares for any company mentioned in the Article.