Namaste signs exclusive distribution agreement with Shatterizer and announces pod-based vaporizer collaboration for … – Markets Insider

VANCOUVER, May 28, 2018 /CNW/ – Namaste Technologies Inc. (“Namaste” or the “Company”) (TSXV: N)(FRANKFURT: M5BQ)(OTCMKTS: NXTTF) is pleased to announce that the Company has signed an exclusive international distribution agreement (the “Agreement”) with Shatterizer Inc. (“Shatterizer” or “”), whereby Namaste will retain exclusive rights to sell Shatterizer’s innovative line of cannabis concentrate vaporizers in international markets. Namaste is also pleased to announce that the Company will be working with Shatterizer to launch a pod-based vaporizer system for the Canadian recreational market. The Company, through its wholly-owned subsidiary Infinite Labz Inc. (“Infinite Labz”), will produce cannabis oil and provide filling and distribution for Shatterizer’s upcoming pod-based concentrate vaporizer system. Namaste is focused on leveraging its expertise in vaporizer technology within Canada, in an attempt to capitalize on what it anticipates being a significant market for concentrate pens and pre-filled cartridges in both the recreational and medical cannabis markets.

The Shatterizer vaporizer is designed for use with cannabis concentrates and extracts. The demand for high-potency cannabis concentrates has grown exponentially in the US and both Namaste and Shatterizer recognize the opportunity

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