2018-07-16 09:49 ET - News Release

Mr. Sean Dollinger reports

NAMASTE RECEIVES APPROVAL OF NORMAL COURSE ISSUER BID TO REPURCHASE AND CANCEL UP TO 25,308,136 SHARES AND ANNOUNCES ATTENDANCE AT GRITCAMP CANNABIS & CRYPTO CONFERENCE JULY 25TH-27TH

Namaste Technologies Inc. has received approval from the TSX Venture Exchange for a normal course issuer bid (NCIB) to repurchase for cancellation up to 25,308,136 common shares of its own capital through the facilities of the exchange. The NCIB will be in place for a 12-month duration, commencing on July 18, 2018, and ending July 17, 2019. Additionally, Namaste is also pleased to announce that the company will attend and present at Grit Capital Advisory's upcoming GritCAMP conference, from July 25, 2018, to July 27, 2018.

Pursuant to the notice of intention filed with the exchange, the corporation intends to purchase for cancellation, through the facilities of the exchange and at the market price of the corporation's common shares at the time of purchase, up to 25,308,136 common shares, representing approximately 8.9 per cent of the company's issued and outstanding common shares and 10 per cent of the company's public float (as such term is defined in the TSX-V corporation finance manual).

The NCIB will be conducted on behalf of the company by Canaccord Genuity Inc. The actual number of common shares that may be purchased and the timing of any such purchases will be determined by the corporation and will be made in accordance with the requirements of the exchange.

The corporation will enter into a predefined plan with Cannacord to allow for the purchase of common shares by the corporation at times when it ordinarily would not be active in the market due to internal trading blackout periods.

Namaste is pleased to announce that president and chief executive officer Sean Dollinger will be presenting at GritCAMP's upcoming cannabis and crypto conference on July 25, 2018, to July 27, 2018. Grit Capital Advisory firm is known for its aggressive "out-of-the-box" thinking. The conference will feature 20 of the most exciting crypto, cannabis, gaming and health tech companies in North America, and will feature over 50 international wealth managers, one-by-one company circuit, immersive games and competitions, unique skill building in personal cybersecurity, presenting with flair, tricks of the trade tax planning, live pyrotechnics entertainment, and much more.

Genevieve Roch-Decter, chief executive officer of Grit Capital, comments: "Cannabis and crypto are two of the most booming growth sectors in North America. Billions of dollars of capital are being invested into these industries with increasing institutional backing. Grit Capital prides itself on showcasing the right companies to the right people, in immersive settings where 'fun' and 'informative' intersect, driving strong investor engagement."

To sign up for GritCAMP, the crypto and cannabis markets and investments conference, visit the GritCAMP website.

Management commentary

Mr. Dollinger comments: "We believe that the present trading price of the common shares of the Namaste is at a significant discount to a what we believe is reflective of the corporation's value as a whole. Subsequently, management is of the view that it is in the best interests of all shareholders of the corporation that, from time to time, common shares be acquired by the corporation and returned to the treasury, thus increasing the corporation's value per common share for remaining shareholders.

"We're also very proud to have joined Grit Capital's GritCAMP conference, and I'm very much looking forward to presenting and participating in the event. Grit Capital's management team have demonstrated themselves to be forward-thinking and innovative with respect to their platform and initiatives in the cannabis industry."

About Namaste Technologies Inc.

Namaste operates the largest global cannabis e-commerce platform with over 30 websites in over 20 countries under various brands. Namaste's product offering through its subsidiaries includes vaporizers, glassware, accessories and CBD (cannabidiol) products, and the company will soon be selling medical cannabis in the Canadian market, subject to approval by Health Canada.

We seek Safe Harbor.