Category Archives: Namaste Technologies

In wake of Namaste fiasco, Canadian cannabis firms urged to boost corporate governance

An expert in the cannabis industry is urging Canadian marijuana companies to improve corporate governance in the wake of a controversy involving Namaste Technologies and other “unicorn” firms. Toronto-based Namaste on Monday said it removed Sean Dollinger as chief executive officer and director and is commencing legal action against him after a special investigation. The company […]

Cannabis tech firm Namaste poised to raise $45 million

Namaste Technologies says it’s on pace to raise $45 million in a bought-deal financing. The firm, which operates an e-commerce platform for cannabis products with more than 30 websites in 20 countries, entered into a letter of engagement under which Eight Capital has agreed to purchase – as co-lead underwriter and joint bookrunner with Canaccord Genuity Corp. […]

Cannabis company Tilray cuts ties with Namaste Technologies following pledge party

A reportedly racy shareholder pledge party hosted by Namaste Technologies last week has cost the Toronto firm its business ties with fast-growing cannabis producer Tilray. Officials with Tilray confirmed in an email to Marijuana Business Daily that it had “ended its relationship” with Namaste following a highly publicized “pledge party” the firm held for stockholders […]