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Although these challenges still persist, management believes that appropriate actions have been taken and the business is well positioned to operate with limited disruption.Management evaluates the Company’s performance using a variety of measures, including “EBITDA” and “Adjusted EBITDA”.

CannMart continues to strengthen its competitive position in the Cannabis industry as the space matures and shifts into consumer packaged goods. News provided by. It will be brands that will drive customer loyalty, product development and ultimately sales. The company continues to … Net revenue for the second quarter ended Adjusted EBITDA for the second quarter ended For further details, the complete Financial Statements for the second quarter ended The Company intends to hold its annual general meeting of shareholders ("AGM") virtually on COVID-19 continues to be an unprecedented challenge for the global community. In response to this very serious health risk, management employed procedures to mitigate its effects on the business and ensure the continued health and safety of its employees, vendors, partners and customers as the first quarter was coming to a close. On a year over year basis for the second quarter ended CannMart Inc. (“CannMart”), a wholly owned subsidiary of Namaste Technologies, has demonstrated its ability to attract premium brands, value added suppliers, and provincial agencies thanks to its expertise in e-commerce, production, packaging, and distribution in this highly competitive and regulated industry. The Cannabis 2.0 market is gaining momentum as new and innovative products are being introduced. "The introduction of B2B distribution channels by CannMart has made a significant contribution to Namaste's revenue stream and bottom line," said "We continue to sign agreements with well-known international cannabis brands. and around the globe, Namaste Technologies is a leading online platform for cannabis products, accessories, and responsible education.The company’s ‘everything cannabis store’, CannMart.com, provides customers with a diverse selection of hand-picked products from a multitude of federally … Meni has 17+ years of software development experience, most of which has been spent leading teams developing new bleeding-edge products in … "We also received approval from Alberta Gaming, Liquor & Cannabis ("AGLC") and the Ontario Cannabis Retail Corporation operating as the Ontario Cannabis Store ("OCS") to begin offering Cannabis 2.0 products, another significant milestone for Namaste. These measures do not have a standardized meaning prescribed by IFRS and therefore they may not be comparable to similarly titled measures presented by other publicly traded companies.The Company believes these non-IFRS financial measures provide useful information to both management and investors in measuring the financial performance and financial condition of the Company.Management uses these and other non-IFRS financial measures to exclude the impact of certain expenses recognized under IFRS when analyzing underlying operating performance and cash impact.
Net revenue for the second quarter ended Adjusted EBITDA for the second quarter ended For further details, the complete Financial Statements for the second quarter ended The Company intends to hold its annual general meeting of shareholders (“AGM”) virtually on COVID-19 continues to be an unprecedented challenge for the global community. From time to time, the Company may exclude additional items if it believes doing so would result in a more effective analysis. It will be brands that will drive customer loyalty, product development and ultimately sales. The MarketWatch News Department was not involved in the creation of this content. ~Company reports record quarter with 73% increase in year over year net revenue~Namaste's second quarter results continue to build on the revenue growth success posted in the first quarter as the Company solidifies its position within the cannabis value chain. These are endorsements of our value proposition as a leader in development, manufacturing and distribution of consumer packaged goods in the cannabis sector. By continuing to use our service, you agree to our use of cookies. The Cannabis 2.0 market is gaining momentum as new and innovative products are being introduced.