TORONTO, Nov. 1, 2019 /CNW/ - Namaste
Technologies Inc. ("Namaste" or the "Company") (TSXV:
N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF), a leading online platform
for cannabis products, accessories, and responsible education, is
pleased to announce the appointment of Mr. Baran Dilaver to its
board of directors and Ms. Annie
Holmes as chief financial officer. Ms. Holmes succeeds
Ken Ngo who will be leaving Namaste
to pursue another opportunity.
"I would like to welcome both Mr. Dilaver and Ms. Holmes to the
Namaste team as they bring extensive experience and capabilities as
we move the Company into the next stage of growth," said
Meni Morim, CEO of Namaste
Technologies. "The addition of Baran and Annie, two outstanding
individuals with significant experience in cannabis, consumer
packaged goods and financial strategies, will help drive the
Company forward."
Mr. Baran Dilaver is an entrepreneur, creator, and accomplished
executive. He has served as CEO and COO at public and private
companies, launched over a dozen well-known brands worldwide, and
has developed many award-winning products for prominent
institutions. His previous venture, Firefly Vapor, where he served
as the COO and CMO, was recently sold to a larger company and the
ensuing company went public in early 2019. Baran recently helped
facilitate one of the largest Series A capital raises in cannabis,
$35M for Mile
High Labs, and co-founded FutureScape, a technology focused
product design and branding firm, and AccessX, a boutique venture
capital firm, focused on biotech and cannabis. Mr. Dilaver has an
extensive background in cannabis and consumer packaged goods and is
a frequent speaker at industry conferences. He studied Economics at
the University of California, Berkeley,
where he excelled in academics and athletics earning scholarships
in both fields.
Ms. Annie Holmes is a strategic
thinker with over 15 years of senior executive experience leading
corporations through complex restructurings, international
expansion and large capital transactions. As Principal of Chartered
Course, she provided strategic and financial advice to public and
private clients in both the domestic and international markets. She
has held the position of chief financial officer for a number of
private companies and senior financial roles with publicly traded
Smart Employee Benefits Inc. and Katanga Mining Inc. Ms. Holmes
received her ICD.D designation from the Rotman School of
Management, holds a Bachelor of Arts Honours from the University of Toronto, and earned her Chartered
Accountant designation with Grant
Thornton.
In accordance with the terms of the consulting agreement between
Namaste and Ms. Holmes providing for the provision of services as
chief financial officer of the Company, Ms. Holmes is entitled to
participate in the Company's stock option plan. Subject to approval
by the board of directors of the Company, Ms. Holmes will be
granted stock options in connection with the commencement of her
engagement. A subsequent news release disclosing the number of
stock options to be granted to Ms. Holmes and the terms of such
stock options will be disseminated upon approval by the board of
directors.
Namaste also announces that Kenneth
Jones has resigned from the Company's board of directors.
The Company would like to thank Mr. Jones and Mr. Ngo for their
service and dedication and wish them well in their future
endeavors.
About Namaste Technologies Inc.
With headquarters in
Toronto, ON, and offices in both
B.C. and around the globe, Namaste Technologies is the world's
leading online platform for cannabis products, accessories, and
responsible education. The company's 'everything cannabis store',
CannMart.com, provides customers with a diverse selection of
hand-picked products from a multitude of federally-licensed
cultivators, all on one convenient site. Namaste's global
technology and continuous innovation address local needs in a
burgeoning cannabis industry requiring smart solutions. For further
information about Namaste, please visit 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 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 Namaste's standing in the
online marketplace for cannabis products, future growth, the
proposed grant of incentive stock options to Annie Holmes in connection with her engagement
as chief financial officer of the Company, 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.
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SOURCE Namaste Technologies Inc.