Amended News Release – Namaste Expands Brazilian Market and Acquires Leading Vaporizer Retailer – GlobeNewswire (press release)

VANCOUVER, British Columbia, Nov. 14, 2017 (GLOBE NEWSWIRE) — Namaste Technologies Inc. (“Namaste” or the “Company”) (CSE:N) (FRANKFURT:M5BQ) (OTCMKTS:NXTTF) is pleased to announce that it has acquired the domain and customer database of Brazil’s largest vaporizer retailer, (“VapeBr”), in consideration of signing an exclusive services agreement for fulfillment (the “Agreement”) for Namaste’s Brazilian operations. There was no cash consideration for the acquisition. Based on VapeBr’s 90-day sales history with monthly sales over CAD $80,000 per month (with 30% average margin) and through implementation of Namaste’s SEO and machine learning algorithms, the Company expects to add over CAD $1M in additional annual revenue to Namaste’s current revenue stream. Namaste believes that with the acquisition of VapeBR and with establishing a local fulfilment center, that its Brazilian operations will be profitable immediately.
Under the terms of the Agreement, Namaste has acquired the VapeBr domain and will therefore inherit all future associated revenue, in exchange for an exclusive fulfillment services agreement. VapeBr management will receive a USD$20.00 fulfilment fee for each order fulfilled and has agreed to provide the following services:Inventory management: maintaining

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