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

1 minute read
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.

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