Pure Global Cannabis Inc., an integrated growth-oriented sciences and consumer products cannabis company, operating through its wholly-owned subsidiary PureSinse announced the recent signing of a supply agreement with Namaste Technologies Inc. The agreement will allow for the listing and distribution of PureSinse products on Namaste’s online marketplace: CannMart.
This agreement will greatly increase PureSinse’s distribution capabilities. By listing on CannMart’s direct-to-consumer platform, PureSinse will be able to easily distribute their medical cannabis products across Canada. PureSinse will continue to strengthen their distribution strategy based on providing access to high quality medical cannabis. The agreement aligns perfectly with this strategy as it ensures that those who require medical cannabis will have access regardless of their proximity to cannabis retailers, issues with mobility, or other challenges.
The distribution agreement ensures that PureSinse will retain their brand loyalty. As PureSinse continues to build their strategy on research, education, and raising awareness, maintaining their own branding on CannMart’s platform will ensure they are highly visible as a trusted leader in medical cannabis products.
Pure Global CEO & President, Malay Panchal said, “We are incredibly excited about this recent agreement with Namaste, as their CannMart platform truly shares our goals and values. As a medical cannabis distributor, we are always working to make it easier for patients to access high-quality Health Canada approved product. We look forward to providing even more customers across Canada with PureSinse’s high-quality products now also available through CannMart’s online platform.”
CannMart’s direct-to-consumer platform uses a fee-based model based on consignment. This innovative model allows CannMart to manage working capital while LPs are able to maintain their unique branding and customer loyalty. CannMart has supply agreements with 15 LP’s, over 39 Strains, and 170 SKU’s. Outside of Canada, the company has existing supply relationships in Columbia and Australia, with imports pending government approval. CannMart has experienced exponential growth since it started sales on October 17, 2018, and this new agreement will allow PureSinse to distribute to CannMart’s ever growing base.
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