- A subsidiary of cannabis company Indiva (NDVA) has reached an agreement with CannMart, a Namaste Technologies (N) subsidiary
- Under the agreement, some Indiva cannabis products will become available through CannMart’s distribution channel
- The company’s CBD Softgels and Indica Capsules will be available by late August, with more products following later this year
- Indiva (NDVA) is up 3.85 per cent and is currently trading at C$0.27 per share
- Namaste Technologies (N) is down 1.85 per cent and is currently trading at $0.26 per share
A subsidiary of cannabis company Indiva (NDVA) has reached an agreement with CannMart, a Namaste Technologies (N) subsidiary.
As Namaste’s “everything cannabis store”, CannMart is an online marketplace which boasts an expanding portfolio of Cannabis 2.0 products. In addition to selling legal cannabis products, it also has a range of paraphernalia and accessories from high-quality cannabis companies around the world.
Under the agreement, some of Indiva’s cannabis product line will become available to medical customers, through CannMart’s distribution channel. This is part of Namaste’s plan to add more high-quality Cannabis 2.0 products to its offering for medical and recreational customers.
By the end of August, Indiva’s CBD Softgels and Indica Capsules will be available to patients via CannMart. Later in the year, they will be joined by Indiva’s Bhang Chocolate and Wana Sour Gummies products.
Indiva’s President and CEO, Niel Marotta, commented on the agreement forged between the two companies’ subsidiaries.
“CannMart is increasing its reach into the legal Canadian cannabis market, and is a natural choice for our award-winning products.
“Our softgels and capsules are highly regarded for their consistency and quality, and will be available on the CannMart marketplace in late August.
“Later this fall, we look forward to introducing our award-winning Bhang Chocolate and Wana Sour Gummies to the CannMart product universe,” he said.
Indiva (NDVA) is up 3.85 per cent and is trading at C$0.27 per share at 11:20am EDT.
Namaste Technologies (N) is down 1.85 per cent and is trading at $0.26 per share at 1:31pm EDT.