Cannmart Signs Cannabis Supply Agreement with Jamaican Company Marigold | CashCropToday
0 Shares 204 Views

Cannmart Signs Cannabis Supply Agreement with Jamaican Company Marigold

March 21, 2018
204 Views

Namaste Technologies Inc. (CSE:N) (OTCMKTS:NXTTF) recently announced that Cannmart Inc., a wholly owned subsidiary of the company, has signed a medical cannabis supply agreement with Marigold Projects Jamaica Ltd.

Namaste Technologies is one of the largest online retail stores in the world. The company plans to offer their customers a large variety of high quality cannabis from both domestic and international producers.

Namaste already has a market presence in Europe and Australia, the UK, Canada and Germany and has recently
opened supply channels into Brazil, Mexico and Chile.

Subject to approval by Health Canada and the Cannabis Licensing Authority, Marigold plans to import locally grown, high quality, medical grade cannabis to supply Cannmart. The cannabis produced in Jamaica by Marigold Projects Ltd. will be offered on Cannmart’s online marketplace.

Key Terms of the Supply Agreement:

  • Cannmart will submit purchase orders to Marigold for medical cannabis.
  • Cannmart will import medical cannabis from Marigold, subject to approval by Health Canada.
  • Cannmart will be compliant with Marigold’s branding and pricing strategy.
  • Cannmart will be responsible for shipping and importation costs of the product.
  • Marigold will provide Cannmart with lab test reports for each purchase in advance and in accordance with Cannmart’s requirements under Canadian regulations.
  • Packaging of products will bear the Marigold brand logo.

You may be interested

CCT Featured Interview with Ralph Rich Phylos BioScience Chief Operating Officer
Tech
17 views
Tech
17 views

CCT Featured Interview with Ralph Rich Phylos BioScience Chief Operating Officer

Editor - July 17, 2018

Ralph Rich, COO, of Phylos BioScience is an experienced entrepreneur and business leader who has founded and successfully exited multiple companies in the high tech industry. He…

Switzerland Approves Pilot Program, National Council to Rule on Legalization
Global
67 views
Global
67 views

Switzerland Approves Pilot Program, National Council to Rule on Legalization

Editor - July 16, 2018

A bill has been passed in Switzerland allowing cannabis studies and pilot programs for cannabis distribution similar to that of Amsterdam. These “coffee shop” systems would provide…

Aurora Cannabis to Use Shopify to Power E-Commerce Platform
Market Watch
92 views
Market Watch
92 views

Aurora Cannabis to Use Shopify to Power E-Commerce Platform

Editor - July 16, 2018

Aurora Cannabis Inc. (TSX: ACB) (OTCQB: ACBFF) has announced this morning that the company has signed an agreement with one of the leading e-commerce development platforms in the…

Leave a Comment

Your email address will not be published.

Most from this category

%d bloggers like this: