Can Canadian Online Cannabis Retailer Namaste Technologies Become The Amazon Of Cannabis?

A ladybug crawls on the leaf of a hemp plant grown for medical research in Thailand. (Photograph: Taylor Weidman/Bloomberg)

As the Canadian market prepares for the anticipated rise in the demand for recreational cannabis post its legalization in October, Namaste Technologies, (CVE:N), a leading online retailer of ancillary hardware cannabis products, is busy spreading its roots in the online cannabis market. Just like the large cannabis producers, Namaste’s stock has surged, rising from $0.21 per share in November 2017 to $3.55 per share at present. However, the company hasn’t stopped growing, and aims to become the “Amazon of Cannabis” in the coming years. For this, the company announced the pre-launch of an artificial intelligence-driven medical cannabis marketplace – CannMart.com – which will enable it to procure and sell medical cannabis from both domestic and international cultivators. In this note, we discuss how this move will augment Namaste Technologies’ plans

... read more at: https://www.forbes.com/sites/greatspeculations/2018/09/14/can-canadian-online-cannabis-retailer-namaste-technologies-become-the-amazon-of-cannabis/

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