Why the Action in Namaste Technologies Inc (OTCMKTS:NXTTF … – The Oracle Dispatch

Namaste Technologies Inc (OTCMKTS:NXTTF) has been consolidating in a lateral pattern over the past month. We generally see this as a positive technical development after a sharp rally. It demonstrates a strong chasing bid capable of providing stability even as a wave of profit-taking works its way through the stock.

To help matters along from here, the company just announced that Health Canadas Office of Medical Cannabis has provided the Company with a Confirmation of Readiness (COR) for a license under Canada’s Access to Cannabis for Medical Purposes Regulations (ACMPR) for the Company’s wholly-owned subsidiary, Cannmart Inc. According to the release, “Cannmart is a late-stage applicant under the ACMPR for a medical cannabis sales-only license. Namaste plans to leverage its growing site traffic and existing consumer databases along with the Company’s revolutionary patient acquisition tool, NamasteMD.com, to become Canada’s leading e-commerce retailer for medical cannabis products.”

Namaste Technologies Inc (OTCMKTS:NXTTF) promulgates itself an emerging leader in vaporizer and accessories space. Namaste has 30 e-commerce retail stores in 20 countries, offers the largest range of brand name vaporizers products on the

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