Ahead of the upcoming legalization in Canada this fall, cannabis companies are looking for a variety of delivery methods to suit the growing customer base.
Namaste Technologies Inc (TSX-V:N, OTCMKTS:NXTFF) has signed an agreement with Airo Brands Inc to merge its cannabis with Airo’s pre-filled vaporizer cartridge brand.
In May, the cannabis company acquired a majority share of Infinte Labz Inc, a facility designed to produce cannabis oil.
The lab will provide the cannabis oil for the pre-filled cartridges and Namaste will bring the finished product to the online medical and recreational markets through its subsidiary Cannmart, an e-commerce cannabis platform.
“As we look forward to upcoming legalization and in anticipation of our sales license, we are more focused now than ever before on securing cannabis supply agreements and strategic partnerships with well-known brands like Airo Brands, and in offering value to our partners and our patients,” said CEO Sean Dollinger in the company’s press release.
The Vancouver-based company recently signed a wholesale supply agreement with Kief Cannabis Company Ltd, a producer of small-batch, artisan-crafted cannabis.
Namaste's product offerings include vaporizers, CBD products, glassware and other cannabis-related accessories. The company will sell its own medical cannabis upon Health Canada’s approval.
Shares of the company fell around 2% to US$2.70 in Thursday morning trading.