Namaste's subsidiary CannMart rejected dried cannabis from the cannabis producer Bonify, which was the subject of a recall by Health Canada on December 7
Namaste Technologies Inc (CVE:N) (OTCMKTS:NXTTF) said Friday that its subsidiary CannMart rejected dried cannabis from the cannabis producer Bonify, which was the subject of a recall by Health Canada on December 7.
The relevant product was immediately returned to Bonify. CannMart has also suspended further purchases and products it previously purchased from Bonify until Health Canada delivers instructions and adequate independent testing is performed.
Namaste operates a global cannabis e-commerce platform with over 30 web sites in 20 countries under various brands. Through its subsidiaries, Namaste’s product offerings include vaporizers, glassware, accessories and CBD products. It also sells medical cannabis in Canada through its licensed subsidiary CannMart.com
Shares of Namaste dropped C$0.03 to C$0.78 in Friday’s Canadian trading. They were down US$0.05 to US$0.56 on the OTC Markets.
Contact Ellen Kelleher at [email protected]
TSX-V:N
Market: TSX-V
Market Cap: $155.41 m
Follow
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...
In exchange for publishing services rendered by the Company on behalf of Namaste Technologies Inc named herein, including the promotion by the Company of Namaste Technologies Inc in any Content on the Site, the...
FOR OUR FULL DISCLAIMER CLICK HEREDeep dive
Namaste Technologies looks to become the ‘Amazon of cannabis’ with its...
Most read
Full interview: Namaste subsidiary Choklat receives processing licence from...
Namaste (CVE: N) CEO Meni Morim joined Steve Darling from Proactive in Toronto with news that Choklat, which Namaste holds a 49% interest in, just received approval from Health Canada for a processing licence. Morim telling Proactive what is unique about Choklat how they feel creating...
on 01/14/2020
2 min read
Prev article
2 min read
