Emerald Health and Namaste Enter Business Partnership

Emerald Health Therapeutics (TSXV:EMH; OTCQX:EMHTF) and Namaste Technologies (CSE:N; OTCMKTS:NXTTF) announced the plan to enter a definitive agreement for the collaboration of “strategic business opportunities worldwide” and the development of an e-commerce platform for Emerald’s patients.
As quoted in the press release:

Under the terms of the Proposed Agreement, the companies would leverage Namaste’s existing consumer databases, site traffic and e-commerce technology for marketing purposes along with Emerald’s pharmaceutical and biotech expertise to develop medical cannabis downstream products tailored to specific markets and patients.

The e-commerce platform will be developed using Namaste’s technology, including machine learning algorithms and advanced on-site optimization techniques, and is planned to be available on desktop and mobile devices. Through the Platform Namaste would make available its full product catalog of over 1000+ cannabis delivery devices to Emerald for sale to its patients. This e-commerce platform is planned to connect to Namaste’s inventory management system and be compliant with Canada’s Access to Cannabis for Medical Purposes (“ACMPR”) regulations.

Click here to read the full press release.

Source: globenewswire.com