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Namaste rejects dried cannabis supply from Bonify

Namaste's subsidiary CannMart rejected dried cannabis from the cannabis producer Bonify, which was the subject of a recall by Health Canada on December 7
cannabis plant
Namaste sells medical cannabis in Canada via CannMart.com

Namaste Technologies Inc (CVE:N) (OTCMKTS:NXTTF) said Friday that its subsidiary CannMart rejected dried cannabis from the cannabis producer Bonify, which was the subject of a recall by Health Canada on December 7.

The relevant product was immediately returned to Bonify. CannMart has also suspended further purchases and products it previously purchased from Bonify until Health Canada delivers instructions and adequate independent testing is performed.

Namaste operates a global cannabis e-commerce platform with over 30 web sites in 20 countries under various brands. Through its subsidiaries, Namaste’s product offerings include vaporizers, glassware, accessories and CBD products. It also sells medical cannabis in Canada through its licensed subsidiary CannMart.com

Shares of Namaste dropped C$0.03 to C$0.78 in Friday’s Canadian trading. They were down US$0.05 to US$0.56 on the OTC Markets.

Contact Ellen Kelleher at [email protected]s.com

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