We were just covering AURORA CANNABIS IN COM NPV (OTCMKTS:ACBFF) a few days ago after the company announced that its 40,000 square foot production facility in Pointe-Claire, Quebec had received its cultivation license from Health Canada.
We’re still very excited for ACBFF’s government issued license in an underserved province like Quebec, where there is only one other licensed producer, but today we wanted to focus on another aspect of the company’s dealings in the cannabis space on the heels of an update to a previously reported-on agreement.
AURORA CANNABIS IN COM NPV (OTCMKTS:ACBFF) and Namaste Technologies Inc (OTCMKTS: NXTTF) announced that the Companies have commenced sales through Aurora’s website and mobile application under an Exclusive Hardware Supply Agreement.
Further to the Agreement, Aurora is now offering a range of high-quality vaporizers to its medical patients through the Company’s online platform. Commencement of sales under this agreement represents a significant milestone for Namaste in aligning itself with one of the industry’s leading Licensed Producers. In turn, through the collaboration, Aurora is broadening its product offering. With over 200 orders over the first three days since the offering going live, uptake has been impressive.
Namaste is a technology leader in the online sale of ancillary hardware products for the cannabis market, and offers a customer experience that meets the Aurora Standard for sales and customer service. The products offered through Aurora’s website are carefully curated, and, combined with Namaste’s processing and delivery capabilities, offer the best possible experience from ordering through to consumption. The ability to offer patients non-smoked methods to consume cannabis is of growing importance in a market featuring evolving user preferences. Through this collaboration, Aurora is now able to provide this growing segment of the cannabis market with a broader and more diversified product offering, while providing expanded market reach for Namaste.
Namaste anticipates that the collaboration with Aurora will result in additional revenues, and will continue to work with Aurora in expanding the current product offering and adding further value to Aurora’s medical patients.
“We are very pleased with the encouraging start for sales of Namaste-sourced products through our website and mobile application,” said Terry Booth, CEO of Aurora. “We’re offering our clients new options and a broader range of products, in response to customer demand. Our collaboration with Namaste, the technology leader in this segment, ensures our patients receive the best possible customer experience, in line with the Aurora Standard. Going forward, we look to further enhance the offering with Namaste, positioning us for the increasing demand we anticipate both from the rapidly-growing medical market and, once legalized, the consumer market.” (Source: Canada Newswire)
Aurora has been, and will continue to be one of our top preferred Canadian marijuana stocks to watch, especially with nationwide legalization coming to the northern nation in roughly 8 months’ time. The company has its hands in both the medical and recreational sides of the cannabis coin, and is always readily sharing operational and financial updates with the investing public. We’re certainly going to want to continue to stay hot on the trail of this company, the stock, and all of the activities of both. Keep it locked to Street Register for updates, and we’ll deliver those important developments on ACBFF to you as they unfold. In the meantime, if you’ve yet to sign up for our 100% free newsletter, do so now! Just enter your active email address into the box below and submit!
Disclosure: No one at Street Register has been compensated in any way for the publishing of this article, nor do we hold any position in ACBFF stock, short or long.