Namaste Technologies says subsidiary CannMart signs Master Distribution Agreement with Rapid Dose Therapeutics
() (FRA:M5BQ) () (FRA:M5BQ) has announced that its subsidiary CannMart Inc has signed a Master Distribution Agreement with Rapid Dose Therapeutics Corp (RDT) (CSE:DOSE).
“We are excited to enter into this agreement with RDT to distribute their innovative cannabis products,” said Namaste CEO Meni Morim in a statement.
“As we continue to build a wide spectrum of cannabis products that offer both traditional and newer delivery platforms, and we are pleased to be entering a new category with the addition of the QuickStrip and QuickSips line of products.”
READ: Namaste Technologies adds 550-plus product codes to CannMart digital platform over three months
Morim added: “CannMart continues to rapidly increase its SKU count, which now stands at approximately 700 and receives a record number of requests from vendors across North America to list their products onto our innovative marketplace platform. We are confident this will be a successful partnership with RDT and we look forward to achieving our growth objectives.”
As part of the agreement, Namaste said CannMart will be the exclusive distributor of RDT-branded products across Canada including:QuickStrip, a 10 mg THC sublingual oral dissolving strip, infused with cannabis that is delivered quickly into the bloodstream bypassing first-pass metabolism resulting in rapid onset of the active ingredient; and QuickSips, a 10 mg THC lined drinking straw that is 100% biodegradable made from sugarcane fibres, which are easily used in hot or cold beverages lined with a precise dose that dissolves quickly and is taken up with your beverage in a few sips.
First Roilty purchase orders
In other news, CannMart has received its first purchase orders from the provinces of Manitoba and Saskatchewan for its 2.0 consumer-focused, recreational house brand Roilty Concentrates.
Under the Roilty brand, it will launch new products such as distillate vapes followed by live resin, shatter, crumble and wax in the coming quarters and with many more provinces across Canada. The distillate vapes will be manufactured in bulk by a third party to be packaged at the CannMart facility.
The company said Roilty will be positioned as a premium, accessible and legacy-inspired brand. The launch is in conjunction with July 10 (“710”/ “OIL”) International Oil Day.
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