Namaste announced major changes to its web-based model. Previously, the company bought wholesale stock from LPs and resold their product, competing with them. Now, they will charge a fee to LPs who will now be able to sell their products directly through Namaste’s CannMart MED e-platform. The goal of the program will be to encourage repeat purchases.
- Interim CEO Meni Morim declined to say how many companies had agreed to work with Namaste.
- “The change in model from wholesale to consignment has been quite recent. There’s been a lot of fear and doubt about Namaste since February,” Morim told the Globe.
- Supreme Cannabis launched London, UK–based Supreme Heights, an investment platform aimed to service the UK and European CBD boom. It also partnered with Wiz Khalifa and Khalifa Kush Enterprises Canada to launch a line of high-THC REC oils. This marks Khalifa and Khalifa Kush’s entry into the Canadian market.
NewsWire, Press Release, The Straight
- Organigram, which does not plan to develop its own infused ingestibles, is looking for a beverage-production partner with a global distribution footprint.
MJ Biz Daily
- Cannahorse, “Created for horse people, by horse people,” billed itself on its launch as “the world’s first-ever legal cannabis brand dedicated to horse health.” Quality horse puns followed on twitter, as did someone who remembered, “Purity Hemp in Mt Pleasant, Ontario has been doing hemp based equine products since 1999. ‘CannaHorse’ is not the first to market.”