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Namaste Technologies Inc comes out of quiet period and looks to Cuba for opportunities

Namaste Technologies came out of its quiet period and was broadcasting from Cuba last week, as the company said it was looking for further opportunities
Namaste Technologies Inc comes out of quiet period and looks to Cuba for opportunities
Namaste announced it was exploring opportunities in Cuba

It's been a challenging few months for Namaste Technologies Inc (CVE:N) (OTCQB: NXTTF).

The cannabis company has recently been in a quiet period, but announced last week it had raised C$51.7 million in a mammoth financing deal. 

The company said funds raised are expected to be used for inventory and supplies, capital improvements, expansion of e-commerce platforms and customer base.

READ: Namaste Technologies unveils massive $51 million financing deal; shares soar

The company also announced it was exploring opportunities in Cuba.

Namaste Technologies has an extremely dedicated following on YouTube, with thousands of fans tuning in for its weekly "Namaste 420 Live" video. 

"I work countless hours, I'm travelling the world -- I haven't even heard anyone speaking about the opportunities in Cuba, meanwhile, Namaste is here, on the ground - exploring, researching, and looking for unique opportunities," said Dollinger in a YouTube video last week.

Dollinger pointed out the fact that one of the industries Cuba is best known for is aligned with what Namaste does. 

"That's what makes Namaste different, we think outside the box," said Dollinger in his webcast from Cuba. "We're here, doing shows like this."

Shares of Namaste were at C$1.76 on Monday.

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