Namaste Technologies completes share acquisition of Pineapple Express Delivery

1 minute read
13 March 2019

On March 13, 2019, Namaste Technologies Inc. (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) announced that it had completed the previously announced acquisition of 49% of the common shares of Toronto-based Pineapple Express Delivery Inc.

Namaste's purchase of shares of Pineapple Express supports its strategy to invest in innovative companies which bring value to Namaste and to the broader market as a value service for, Licensed Producers and regulated dispensaries. Namaste believes that same-day delivery for medical and recreational cannabis through Pineapple Express' platform will provide patients and consumers with added-value now and expanded service potential as the Pineapple Express platform expands.

Namaste offers the most comprehensive online marketplace for cannabis products and accessories in the world.

Gowling WLG advised Namaste in this acquisition with a team that included Peter Simeon and Stephen Franchetto (corporate/M&A) and Paul Carenza (tax).

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