VANCOUVER, May 31, 2019 /CNW/ - Namaste Technologies
Inc. ("Namaste" or the "Company") (TSXV: N) (FRANKFURT: M5BQ)
(OTCMKTS: NXTTF) today announced that it filed its annual
consolidated financial statements for the fifteen months ended
November 30, 2018, related management
discussion and analysis and applicable officer certificates (the
"Annual Filings"). The Company also filed its interim
financial statements for the three months ended February 28, 2019, related management discussion
and analysis and applicable officer certificates (the "Interim
Filings"). The Annual Filings and Interim Filings can be accessed
on the Company's SEDAR profile at www.sedar.com. The Company
is now current on its continuous disclosure.
On March 18, 2019, the Company
announced that it would not be in a position to file its Annual
Filings by the filing deadline of April
1, 2019. On April 2, 2019
and April 4, 2019, at the request of
the Company, the British Columbia Securities Commission ("BCSC")
and the Ontario Securities Commission ("OSC"), respectively,
granted the Company a Management Cease Trade Order ("MCTO"). The
application for the MCTO was made by the Company in respect to the
expected late Annual Filings beyond the filing deadline of
April 1, 2019. Upon the filing of the
Annual Filings and the Interim Filings and the passing of two
business days following such filings, the Company believes that it
will satisfy the conditions of both the BCSC and the OSC in order
to have the MCTO lifted.
About Namaste Technologies
Namaste Technologies powers the ultimate online customer experience
for medicinal cannabis and related products. Beginning with
NamasteMD.com, the Company's integrated telemedicine application,
Namaste connects medical clients with health care practitioners to
more readily issue and renew cannabis prescriptions online.
Featuring the first Canadian Medical Sales-Only Licence, the
Company's own Cannmart.com is your 'everything cannabis store'
offering clients a large variety of strains to fill their
prescription needs. Namaste's unique artificial intelligence (AI)
engine incorporated in its platforms and related Uppy App,
completes our ecosystem by identifying the right product and
pairing to address specific medical cannabis requirements. Namaste
also provides vaporizers and accessories across several platforms
operating in multiple countries. Namaste's global technology
addresses local needs in a burgeoning cannabis industry requiring
smart solutions. For further information about Namaste, please log
onto www.Namastetechnologies.com.
Information on the Company and its many products can be accessed
through the links below:
NamasteTechnologies.com
NamasteMD.com
Cannmart.com
NamasteVapes.ca
Everyonedoesit.ca
FORWARD-LOOKING INFORMATION - This news release contains
"forward-looking information" within the meaning of applicable
securities laws. All statements contained herein that are not
historical in nature contain forward-looking information.
Forward-looking information can be identified by words or phrases
such as "may", "expect", "likely", "should", "would", "plan",
"anticipate", "intend", "potential", "proposed", "estimate",
"believe" or the negative of these terms, or other similar words,
expressions and grammatical variations thereof, or statements that
certain events or conditions "may" or "will" happen. The
forward-looking information contained in this press release,
includes, but is not limited to, the lifting of the management
cease trade orders by the BCSC and the OSC. The forward-looking
information contained herein is made as of the date of this press
release and is based on assumptions management believed to be
reasonable at the time such statements were made, including
management's perceptions of future growth, results of operations,
operational matters, historical trends, current conditions and
expected future developments, as well as other considerations that
are believed to be appropriate in the circumstances. While we
consider these assumptions to be reasonable based on information
currently available to management, there is no assurance that such
expectations will prove to be correct. By their nature,
forward-looking information is subject to inherent risks and
uncertainties that may be general or specific and which give rise
to the possibility that expectations, forecasts, predictions,
projections or conclusions will not prove to be accurate, that
assumptions may not be correct and that objectives, strategic goals
and priorities will not be achieved. A variety of factors,
including known and unknown risks, many of which are beyond our
control, could cause actual results to differ materially from the
forward-looking information in this press release. Such factors
include, without limitation: risks relating to the Company's
ability to execute its business strategy and the benefits
realizable therefrom, risks specifically related to the Company's
international operations, and risks relating to the market price of
the Common Shares. Additional risk factors can also be found in the
Company's current MD&A and annual information form, both of
which have been filed under the Company's SEDAR profile at
www.sedar.com. Readers are cautioned not to put undue reliance on
forward-looking information. The Company undertakes no obligation
to update or revise any forward-looking information, whether as a
result of new information, future events or otherwise, except as
required by applicable law. Forward-looking statements contained in
this news release are expressly qualified by this cautionary
statement.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release or has in any way approved or disapproved
of the contents of this press release.
SOURCE Namaste Technologies Inc.