CannMart Inc.
CannMart operates as a subsidiary under Namaste Technologies that allows them to engage in distribution of medical cannabis through their Toronto location. This strategic acquisition leveraged their strengths in eCommerce and logistics to place them squarely in a position of leadership in the retail distribution of medical cannabis in Canada.
Under the guidelines set forth by Health Canada, Cannmart may now place initial orders with ACMPR licensed producers. Upon receipt, packaging and testing of the initial shipments of medical cannabis, the Company is then required to demonstrate compliance with standard operating procedures (“SOPs”) and other ACMPR regulatory requirements with Health Canada. Once these objectives have been achieved and following an initial inspection, Cannmart will be able to book a Pre-Sales License Inspection after which the Company will be eligible to receive its ACMPR Sales License. CannMart believes it is well prepared and confident in its ability to execute and complete the final steps towards receiving its Sales License in a timely manner.
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