Reflects momentum and opportunity of partnership with leading medical cannabis portal
First Cannabis Industry Client Signed under Namaste Partnership
Kingtons is a top 5 producer of vaporizers and e-cigarette hardware in China. Kingtons in its own right is expected to be a minor revenue contributor to YPB but the cumulative opportunities under the Namaste partnership is anticipated to become a major revenue contributor to YPB.(see Note below)
Namaste Technologies is a rapidly growing Canadian listed company with a global footprint and presence in the medical cannabis industry. Namaste has positioned itself as a central hub linking producers of hardware and cannabis directly to authorised patients and is ideally positioned to participate in the rapid growth of the global medicinal cannabis industry.
YPB will enable Namaste's producer clients and consumer customers to confirm authenticity under the brand cannabis confirmed. Consumer confirmation of authenticity will then ensure direct connection between producers, consumers and Namaste.
YPB's Executive Chairman John Houston said: "The rapidity of winning this first client with Namaste reflects both the opportunities in that exciting partnership and the rapid improvement in our sales capability and effectiveness. We expect to demonstrate strong momentum with Namaste."
Modest revenue contribution: < AUD100K per annum
Moderate revenue contribution: > AUD100K < AUD1m per annum
Major revenue contribution: > AUD1m per annum
About YPB Group Ltd
YPB Group Ltd (ASX:YPB) brings packaging to life through its proprietary technology suite that provides certainty of authenticity and connects brands directly to consumers enabling new levels of market intelligence and ROI data capture.
In an evolving marketplace and with the rapid growth of cross border commerce, our expertise presently focuses on the rapidly growing consumer markets of Australia, South East Asia and China.
YPB Group Ltd
Namaste Technologies Inc