Namaste Announces Binding Agreement to Acquire Additional 34% Equity in Pineapple Express Delivery

Namaste Announces Binding Agreement to Acquire Additional 34% Equity in Pineapple Express Delivery – RICH TV LIVE – DECEMBER 17, 2018 – Namaste Technologies Inc. (“Namaste” or the “Company”) (TSXV:N.V) (M5BQ.F) (NXTTF) is pleased to announce that the Company has entered into a share purchase agreement (the “Agreement”) to acquire common shares in Pineapple Express Delivery Inc. (“Pineapple Express”) and an affiliated entity, representing an additional 34% equity in exchange for such number of common shares of Namaste having an aggregate value of approximately $3.06 Million (the “Transaction”). Upon completion of the Transaction, Namaste will own 49% of the outstanding common shares of Pineapple Express.

Hey guys how you doing this is rich from rich to be live and we have some breaking news today namastey announces binding agreement to acquire an additional thirty four percent equity in pineapple express delivery for 49% total ownership unbelievable nem estate does it again namaste is pleased to announce that the company has entered into a share purchase agreement

Otherwise known as the agreement to acquire common shares in pineapple express delivery inc otherwise known as pineapple express and then affiliated entity representing an additional thirty four percent equity in exchange for such number of common shares of the mast having an aggregate value of approximately three point zero six million otherwise known as the

Transaction upon completion of the transaction namaste will own 49% of the outstanding common shares of pineapple express namaste technologies namaste agreement with pineapple express supports the company’s strategy to invest in innovative companies which bring value to the company and to the broader market namaste believes the same-day delivery for medical and

Recreational cannabis through pineapple express platform will provide patients and consumers with added value and the company looks forward to the expansion of the platform across canada as reported in the company’s june 13 2008 e news release namaste entered into a subscription agreement to acquire 15% of the issued outstanding shares of pineapple express the

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Subscription agreement under the terms of the subscription agreement namaste has the right to acquire an additional 10% of the common shares of pineapple express for a period of 14 months otherwise known as the option pineapple express offers a same-day delivery service platform for medical and recreational cannabis to licensed producers across canada this is a

Huge deal i absolutely love this deal what are the highlights of the transaction nameste will issue shares in accordance with the agreement based on the closing price on the tsx venture exchange on friday december 14th 2018 papa pineapple express management team retain financial and operational control of the business nameste ceo jean dollinger will be appointed to

The pineapple express board of directors so sean will be joining the board of pineapple express the transaction is subject to the receipt of certain stock exchange approvals and the satisfaction of other conditions customary in transaction of this nature pineapple express is a same-day delivery platform for medical cannabis and has launch services in manitoba and

Ontario which plans to expand into other provinces nameste is wholly owned subsidiary can mart inc has also recently launched same-day delivery services to its patients through pineapple express the company has been pleased with the initial rollout of pineapple express delivery service and its management team who will continue to operate as an independent entity

From namaste and in offering its services to licensed producers across canada nameste remains focused on developing and acquired leading technology platforms that bring value to the cannabis industry this agreement represents a significant milestone for the company in diversifying its investments in innovative companies while at the same time having the ability

To offer valuable services for its medical patients namaste is goal is to evolve the current landscape for online retail cannabis products by improving the user experience the company will continue to seek opportunities to develop and invest in innovative technology platforms and in expanding its offering in canada and international what does the commentary of

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The management say randy rolf president and ceo of pineapple express comments we’re extremely excited to be deepening the relationship between pineapple express and namaste our management team and i look forward to having namaste support our vision for the future development of the company we’re confident that our same-day delivery platform will offer value for

Both medical patients and recreational consumers across canada what does shawn dollinger president and ceo of namaste have to say we are pleased to announce adding to our position in pineapple express an innovative company with strong management team focused on providing exceptional service we are now offering same-day delivery service in toronto through pineapple

Express and we’re looking forward to their expansion throughout canada i love this deal what do you guys think about this deal please comment down below smash the like button if i win and you win we all win this is huge news we believe strategic investments in technology and service companies like pineapple express will drive innovation and provide long term value

For the company i’m also personally looking forward to joining pineapple express board of directors and in offering value to their team wow this is breaking news huge views what do you think about this news now remember rich tv live is strictly for education entertainment purposes always do your due diligence always do your research before you invest in anything

That we talk about here i’m rich tv live you can see that namaste is down slightly today only 1% nothing huge but most of the cannabis stocks are down today and i believe it’s because canopy growth as you can see is down 4% today and till rate is down dramatically today both have been overpriced overhyped and overvalued in 2018 and they are starting to come back

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Notifications and every time we have any breaking news you’ll know first it’s true nameste announces a binding agreement to acquire an additional 34 percent equity in pineapple express delivery for 49% total ownership of a same-day delivery service company in canada that is going to grow throughout the nation is your boy holler at me mo peace

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Namaste Announces Binding Agreement to Acquire Additional 34% Equity in Pineapple Express Delivery By RICH TV LIVE

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