Namaste to acquire an additional 34% equity in Pineapple Express Delivery

|About: Namaste Technologies Inc (NXTTF)|By:, SA News Editor

Namaste Technologies (OTCQB:NXTTF) announces binding agreement to acquire (subject to required approvals and customary conditions) an additional 34% equity in Pineapple Express Delivery for 49% total ownership.

Pineapple Express is a same-day delivery platform for medical cannabis.

Under the terms of the Subscription Agreement, Namaste has the right to acquire an additional 10% of the common shares of Pineapple Express for a period of 14 months.

Pineapple Express management team retain financial and operational control of the business.

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