Namaste Technologies Inc.'s Profile
- World’s Largest E-Commerce B2C Vaporizer Company
- Proforma 12 month trailing revenues $10M as Of August 31
- AUG 31 2017 expected $15.7 million / AUG 31 2018 $24.9 million
- EBITDA positive by Dec 31 2016
- Thanks to organic growth, acquisitions and joint ventures we will be discussing
- Owns 26 e-commerce stores in 20 countries
- Distribution centers in North America, South America, Europe and Asia Pacific
- Aggressively expanding into manufacturing and wholesaling
Namaste Announces Record Monthly Sales of Over $1.0 Million and 1,308% Increase in Traffic
- Unaudited sales approximately $1.0 million Canadian for November
- Total site traffic 596,453 (+1,308%)
- Record monthly sales and traffic
- International ecommerce distribution
- Proprietary vaporizer products
- Targeting organic growth at 100% per year
- Sourcing accretive M & A transactions
Namaste Expands Product Portfolio in Advance of US Elections
- Secured new agreements with manufacturers of indoor growing equipment
- Product lines added to Namaste’s e-commerce portals and complement the Company’s existing portfolio of vaporizers, pipes, papers and other accessories
- New product portfolio also represents a further monetization of Namaste’s customer list of approximately 250 thousand names
- Unaudited 12 month trailing revenues were approximately C$3.2 million for the period ended August 31, 2016
- Gross profit margin of 53%
- In business since 2000
- Combined proforma unaudited 12 month trailing revenues of approximately C$10 million for the period ended August 31, 2016
- Total monthly site traffic of over 550,000 visitors
- Entered into two new strategic partnerships to expand its market presence as the leading e-commerce company focused on vaporizers and accessories
- Partnerships are with well-known online reviewer Sneaky Pete (SPV Enterprises LLC) and VaporTownUSA.com
- Partnerships are anticpated to enhance the overall revenue of Namaste through online video reviews, high quality links to the Namaste sites and expansion of sales channels internationally
Regulation
- Decriminalization and destigmatization of marijuana for medical and recreational use in US, Canada and Europe
- Vaporizers have lower regulatory burden than growers
Health Advantages
Technical Advances
- Improved mobility from reduced size of vaporizers
- Ability to handle liquids, resins and plant matters
- Conduction, convection, induction technologies
- Mobile connectivity
- Increasingly becoming part of the internet of things
Management & Directors
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Sean Dollinger
Co-Founder, President, CEO & Director-Over 12 years of experience as an entrepreneur focused on online marketing, website design, retail and real estate.
-Core areas of expertise include concept and market creation through international e-commerce channels, formation of strategic supply and distribution partnerships, opening logistics channels and improving customer service.
-Educational background in computer science and business management -
Kory Zelickson
Co-Founder, COO, CTO-Over 12 years of experience as an engineer focused on designing, developing, manufacturing and distributing new products and concepts internationally.
-Expert in online marketing and e-commerce and has been involved in developing multiple companies from scratch.
-Vaporizer/Industry Technology Expert - expertise with online content publication
-Bachelor of Engineering in electrical and electronics from University of Manitoba -
Darren Collins
CFO-Over 8 years of corporate and project finance experience. Previously with Alegro Capital, Scotia Capital, and Quest Capital (currently Sprott Resource Lending) and several corporate issuers
-Involved in over $1 billion worth of transactions spanning mergers and acquisitions, debt and equity financings, joint ventures and commercial supply agreements
-Bachelor of Commerce in finance from Dalhousie University -
Justine Anderson
VP Operations-Warehouse and inventory management
-International Import/Export professional
-Order Processing/Management
-Fraud Risk Management -
Michael Roche
VP Customer Relations-International Sales Management
-Returns issuance and processing
-End user sales and technical support
-Product quality review -
Chelsea Palmer
Social Media and Marketing Manager-Online Content Management
-Social Media Management
-Photo/Video Media Production
-Vaporizer Reviewer and Product Expert
Broker Fact Sheet
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N Broker Fact Sheet
Thu Mar 29, 2019Fact sheet details
Company Links
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Tue Nov 15 2016, 05:09PM.
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Tue Nov 15 2016, 05:08PM.