 Hi, how's everybody doing today? This is Rich here on behalf of Rich TV Live with a very special guest It is Chad Agate who is the CTO of Namaste Technologies. How are you doing today Chad? I'm doing great Rich. Thanks for having me. Thank you for being here And why don't we get right into it and you can tell us a little bit about Namaste Technologies Inc. Sure Namaste is a Not familiar, it's a successful online cannabis marketplace We also offer telemedicine services through our Namaste MD application and a Journaling application that allows us to collect direct feedback to power our AI engine. Okay, fantastic and Namaste recently entered into an agreement with Chocolate Inc. What does this mean for Namaste and any potential investor? Our agreement with Chocolate allows us to really focus in on cannabis 2.0 with the upcoming extracts and edibles Right everyone knows that this is the next phase of cannabis Up until now with just what's happening in cannabis and just dried flower being available And it's really been limited right customers don't have a lot of choice and selections So our engagement with Chocolate really allows us to capitalize on that, right? Very good, and we're excited about cannabis 2.0 And I know that we haven't seen any of that yet until I believe it's December 17th is when Companies actually start putting those products on the shelves So I've been telling my community that we pretty much can't really see those results until January because that's going into Christmas So maybe push back that mostly till January where we'll see a big launch And then you probably won't see any of those revenue showing on companies balance sheets into Q2 2020 Is that fair assessment? I believe that would be fair. Yeah, you know the products becoming available for sale in December We won't really start seeing traction January, February Q1 Q2 Okay, perfect. Now, how does the team at Namaste make the company so successful? Our the largest focus for us over the last, you know, like we've been through and spent a lot of time cleaning up Our Cleaning up the past right so we've cleaned up and cleared out a huge mega huge amount of baggage Now that we have a finally had that cleared up a really focused and I'm making a company successful Starting with a few things getting our who right who is on our team and who's guiding the organization Oh, you have a very very strong team to take us into the future and we're super excited about that a lot of really strong And talented individuals And you know, it's funny I know quite a few members that are shareholders of Namaste and they really believe in the company Despite the fact the stock has, you know gone down like most of the entire sector I believe the entire sector is down 50 to 60 percent across the board So I kind of find it comical when people talk about one company specifically going down I'm like, well take your pick the whole sector is down So you can't just talk to them about one company. They're all down when you see canopy growth down And they are essentially the biggest company in North America as a licensed LP with the most money backing them And they're down from a high of $70 to as low as 25 yesterday They've done well today They're up 13% as we speak after they deal with Drake, which I thought was a huge catalyst And once again proof of where the sector is going when you have huge global icons like Drake Creating a business a subsidiary with canopy growth. I think that's a huge catalyst for the whole sector Proves that hey, you know what when guys like Drake that are very successful are getting it started in cannabis I think it just goes to show that we're just getting started and the upside is tremendous now in speaking on that Where do you see the cannabis industry moving in the future? I? Believe the first steps are happening right now with cannabis 2.0, right? We see is more and more product will be coming online in December and next year We'll start to see this shift away from dried flower and the continued commoditization of dried flower and We start we will begin to see cannabis turning into more of a CPG product Where people are just they're buying products With very very specific ingredients very very specific dose and right and that's where we see we're not gonna say Really sets ourselves apart right we are in the middle of that marketplace. We're in the middle of these transactions Right, we're not dependent on greenhouses and grow houses and growing that physical product We're sitting right in the middle of that transaction helping people as these products come online understand first the multitude of products leveraging our machine learning and AI technology helping them find the right product for them and then Continuing to filter out and filter down those products, right? So we see that as being a key differentiator for us Now speaking of being a differentiator I have quite a few friends that are in Toronto and they are huge fans of pineapple express and can mark So congratulations with those two huge partnerships because those are essentially Platforms that people like and people are using so I think you guys are on the right track with both of those Products, I think that there are very strong as far as what customers are saying on the street All I've heard is good things. That's great to hear and then we are seeing the customers having a very very positive response Yeah, the changes that we're making on camera and to what we're doing with pineapple express people like their stuff now Yeah, and the funny thing is you know, everyone looks at the stock price But I'm a little different as a cannabis enthusiast. I actually like to ask people whose products do you like? You know who's got the best customer service who's got you know, the most lowest cost program You know, these are some of the things that really matter to me Because when you think of longevity, it doesn't matter what your share price is today Because if you're selling moldy weed in the future, nobody's gonna want your product at the end of the day Who's got the best product? Who's got the best pricing? Who's got products that people are coming back to and I've heard really good things from both Kenmark and Pineapple Express, so I just wanted to put that out there first and foremost now in saying that where do you see? Namaste technology heading into the future I Think we'll continue to focus on The same-day delivery and can you expand that and continuing to build out our marketplace application marketplace buttons We've invested heavily into our technology in our core technology base And we really see again as more of these products become online and become available for consumers That will begin to deal with a really really deeply leverage that technology that we spent this time building, right? When it's just a few dried flour skews and even though it's a few dried flour skews We still have the most skews available in the medical market today on the Kenmark site, right? Even those few dried flour skews think of the amount of confusion that's out there for the average user They're like what do I do with all this now? Let's go fast forward into January of 2020 now There's no longer just 2,000 different strains of cannabis now. We have those 2,000 strains in Multiples of different extracts multiples of different products, right? And we're talking about thousands and thousands of products Just think about that sheer level of confusion for the average user Where namaste then comes in and says, okay based on what we know about to you These are the products that we think it will work best for you Based on what you've told us about consuming these products These are the products that we think is going to work best for you, right? And this technology that we've been spending the last two and a half years building Really really will be in the sea the results in the coming years. That's very good So that's very similar to like programmatic advertising Very so what a lot of people remember correct with a lot of people remember the acquisition of fine-to-fine last year Yes, the machine learning and personalization company, right? And this is where things start to really people will notice this today Currently on the Kenmark site the product grid is personalized for every single user, right? It's the dependent on what we've learned about you and how you're what we learn about your consumption That will change and offer you up products that are more relevant for you That will continue to evolve and evolve over time, right? The more we learn about the products coming online the more we learn about you Right will continue to personalize that experience for people and that's ultimately people want choice And then they want to be kind of they want to be guided and then able to make a good decision for them And that's where we set Who would you say are Namaste's main competitors and how do you guys stand out amongst the pack? You know, this is a funny question. It's a really difficult one to answer, right? Because the LPs aren't really they're not our competitors people there are we're a partner to them But we don't grow cannabis. That's these these products that we're listing on the site aren't products that we're manufacturing We help people innovate, but we're we're helping these people bring their products to market Right helping the LPs get their products in the hands of the consumers So you would call yourself kind of like a middleman then Yeah, we are we're sitting in the middle of the transaction, right? You're in the middle. Yep, exactly Create a store an online store where people can go and they can buy all these different ancillary products from other LPs Exactly, that's exactly what's happening and then through our model our consignment model Which is really helping us preserve cash where everybody knows what's coming There's a lot of cannabis companies were able to raise a ton of money over the last few years So right now it's for us. It's all about conserving cash to leveraging that model We're having LPs have a lot of products and there's they're giving us this product now on consignment We're holding it in our goal to be able to fill without burning any cash It's further extends our runways keeps our cash position very very strong, which is mega important going into next year Very good. Now, where can viewers find more info about the company? You can always see more information at namaste technologies.com or in Canada www.canmark.com Well, thank you so much for your time today Chad I wish you all the best in your future endeavors We will be watching you very very closely our entire community really really wants to see namaste succeed We have a lot of investors that are in on the stock So hopefully the rest of 2019 can finish very strong for you guys as a company and hopefully 2020 can be a great Great year for namaste. Awesome. Thanks for having me. Thanks Chad. Have a great day