Namaste acquires 10% share equity of Israeli-based cannabis producer

18 June 2018

On June 18, 2018, Namaste Technologies Inc. (TSXV: N) (FRA: M5BQ) (OTCMKTS: NXTTF) announced that it had signed a subscription agreement to acquire 10% of the issued share capital of Israeli licensed producer of medical cannabis, Cannbit Ltd. for NIS 2,500,000 or approximately $908,000, which includes a combination of both cash and shares.

Namaste is a global leader in the sale of medical cannabis consumption devices.

Gowling WLG advised Namaste in this acquisition with a team that included Peter Simeon and Shawn Blundell.


NOT LEGAL ADVICE. Information made available on this website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Gowling WLG professionals will be pleased to discuss resolutions to specific legal concerns you may have.