Namaste Announces LOI With Inolife R&D to Conduct a Research Study to Evaluate Needle-Free Injection …

VANCOUVER, British Columbia, March 12, 2018 (GLOBE NEWSWIRE) — Namaste Technologies Inc. (“Namaste” or the “Company”) (CSE:N) (FRA:M5BQ) (OTCMKTS:NXTTF) is pleased to announce that it has signed a non-binding LOI with Inolife RD Inc. (“Inolife”), whereby Namaste and Inolife will negotiate the terms of a definitive agreement (the “Agreement”) to initiate a research study to evaluate applications for Inolife’s proprietary needle-free injectors in the medical cannabis industry. Under the terms of the LOI and proposed Agreement, Namaste will hold exclusive rights to research and distribute Inolife’s needle-free injection technologies for applications in the cannabis industry. Namaste will also participate in Inolife’s anticipated private placement by acquiring up to 10% of the shares issued under the offering. Inolife will also provide Namaste with the right to acquire up to an additional 10% of the shares issued under the offering at the same price. Additionally, Namaste will purchase up

... read more at: https://globenewswire.com/news-release/2018/03/12/1420545/0/en/Namaste-Announces-LOI-With-Inolife-R-D-to-Conduct-a-Research-Study-to-Evaluate-Needle-Free-Injection-Technologies-for-Medical-Cannabis.html

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