Namaste Shifts from Retail to Middleman

Jesse Staniforth

Namaste announced major changes to its web-based model. Previously, the company bought wholesale stock from LPs and resold their product, competing with them. Now, they will charge a fee to LPs who will now be able to sell their products directly through Namaste's CannMart MED e-platform. The goal of the program will be to encourage repeat purchases.

• Interim CEO Meni Morim declined to say how many companies had agreed to work with Namaste.
• "The change in model from wholesale to consignment has been quite . . .
  

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