True Leaf Expands Online Direct-to-Consumer Distribution Strategy with Namaste Technologies
June 24 2019 - 7:00AM
True Leaf Brands Inc. (“True Leaf” or the “Company”) (CSE: MJ)
(OTCQX: TRLFF) (FSE: TLA), a leading global cannabis and hemp
wellness brand for pets, today announced that on June 21, 2019, it
signed a supply and purchase agreement with top online cannabis
marketplace Namaste Technologies (“Namaste”) (TSXV: N) (FRANKFURT:
M5BQ) (OTCMKTS: NXTTF) to expand its direct-to-consumer
distribution network.
Namaste, Your Everything Cannabis Store™, is a
global cannabis e-commerce platform with multiple websites under
various brands. True Leaf’s hemp-based supplements for pets will
initially be sold on Namaste’s CannMart.com, a trusted online
medicinal cannabis store in Canada.
True Leaf’s hemp-based supplements will be the
first products for pets sold by a Namaste e-commerce platform when
the line launches on CannMart.com in the third quarter of 2019.
“In addition to being in more than 3,500 stores
across North America and Europe, we’re seeing tremendous growth
online with direct-to-consumer sales, so we’re thrilled to partner
with Namaste – a trusted name in the global cannabis marketplace,”
said Darcy Bomford, Founder and Chief Executive Officer of True
Leaf. “We’re confident Namaste’s customers will embrace our
products to improve the quality of life of their pets, just as they
do with the medicinal cannabis products that improve their own
quality of life. We also look forward to working with Namaste as a
key distribution partner when we launch our line of
legally-compliant CBD products for pets.”
As a testament to helping pets live happier,
healthier and longer lives, True Leaf and Namaste will return the
love to Canadian pets looking for their forever homes. The partners
will donate 10 percent of all profits generated from the first
month of sales to local animal rescue shelters.
“We’re building a technologically exciting
marketplace for the adult-use cannabis market where we can
reimagine the experience available to both our customers and
vendors,” said Meni Morim, Interim CEO at Namaste Technologies.
“Partnering with a leading brand like True Leaf is an excellent way
to enhance our consumer product offering and scale our vendor
experience. We’re also happy to support True Leaf’s Return the
Love™ movement by donating to Canadian animal rescue shelters.”
True Leaf products use an innovative formula of
active ingredients – anchored by hemp – to target specific pet
health challenges such as calming support, hip and joint function,
and the supplementation of omega-3s. The Company’s advanced
formulas were developed by a team of pet industry veterans with
200+ years of collective expertise in making supplements for pets
and are currently available at more than 3,500 retail stores
worldwide.
This is an arm’s length transaction. Under the
terms of the agreement, the purchase and supply of the product will
be based on demand.
About True Leaf
True Leaf is a leading global cannabis and hemp
wellness brand for pets. Inspired by the unconditional love our
pets give us every day, we return that love through our wellness
pet products which help maintain and protect the natural vitality
of our pet companions. “Return the Love” is the purpose that drives
our business and is at the heart of our values to bring happiness
to pets and their owners.
www.trueleaf.com
About Namaste Technologies
Namaste Technologies powers the ultimate online
customer experience for medicinal cannabis and related products.
Beginning with NamasteMD.com, the Company’s integrated telemedicine
application, Namaste connects medical clients with health care
practitioners to more readily issue and renew cannabis
prescriptions online. Featuring the first Canadian Medical
Sales-Only Licence, the Company’s own Cannmart.com is your
‘everything cannabis store’ offering clients a large variety of
strains to fill their prescription needs. Namaste’s unique
artificial intelligence (AI) engine incorporated in its platforms
and related Uppy App, completes our ecosystem by identifying the
right product and pairing to address specific medical cannabis
requirements. Namaste also provides vaporizers and accessories
across several platforms operating in multiple countries. Namaste’s
global technology addresses local needs in a burgeoning cannabis
industry requiring smart solutions. For further information about
Namaste, please log onto www.Namastetechnologies.com.
Media Contact:
Paul Sullivan Director, Public
RelationsPaul@trueleaf.comO: 604-685-4742M: 604-603-7358
Investor Contact:
Kevin Bottomley (Canada)Director and Corporate
RelationsKevin@trueleaf.comM: 778-389-9933
Phil Carlson (US)KCSA Strategic Communicationspcarlson@kcsa.com
O: 212-896-1233
Scott Eckstein (US)KCSA Strategic
Communicationsseckstein@kcsa.com O: 212-896-1210
Follow True Leaf Twitter:
@trueleafpet Facebook: True Leaf PetInstagram: @trueleafpet
Forward-Looking Statements
This news release contains forward-looking
statements and management may make additional forward-looking
statements in response to your questions. Such written and oral
disclosures are made pursuant to the Safe Harbor provision of the
Private Securities Litigation Reform Act of 1995 and True Leaf
hereby claims such safe harbour protection for all forward-looking
statements. True Leaf believes that the expectations reflected
in such forward-looking statements are based on reasonable
assumptions; however, True Leaf’s actual results and performance
and the value of its securities could differ materially from those
set forth in the forward-looking statements due to the impact of
many factors summarized in the "Risk Factors" section of True
Leaf’s Offering Circular Form 1-A filed with the U.S. Securities
and Exchange Commission and Canadian securities regulatory
authorities and other discussions of risk factors contained in True
Leaf’s periodic filings or supplements to the offering circular.
True Leaf's Offering Circular Form 1-A can be found at
ir.trueleaf.com. Forward-looking statements speak only as of the
date they are made. True Leaf undertakes no obligation to update or
revise any such information for any reason after the date of this
presentation unless required by law.
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