 Hey guys, how you doing? This is Rich from Rich TV Live, and we have some breaking news today. Namaste announces binding agreement to acquire an additional 34% equity in Pineapple Express. Delivery for 49% total ownership. Unbelievable. Namaste does it again. Namaste is pleased to announce that the company has entered into a share purchase agreement, otherwise known as the agreement, to acquire common shares in Pineapple Express Delivery, Inc., otherwise known as Pineapple Express, and an affiliated entity representing an additional 34% equity in exchange for such number of common shares, of Namaste having an aggregate value of approximately 3.06 million. Otherwise known as the transaction, upon completion of the transaction, Namaste will own 49% of the outstanding common shares of Pineapple Express. Namaste Technologies. Namaste's agreement with Pineapple Express supports the company's strategy to invest in innovative companies which bring value to the company and to the broader market. Namaste believes the same-day delivery for medical and recreational cannabis through Pineapple Express platform will provide patients and consumers with added value and the company looks forward to the expansion of the platform across Canada. As reported in the company's June 13, 2018 news release, Namaste entered into a subscription agreement to acquire 15% of the issued and outstanding shares of Pineapple Express, the subscription agreement. Under the terms of the subscription agreement, Namaste has the right to acquire an additional 10% of the common shares of Pineapple Express for a period of 14 months, otherwise known as the option. Pineapple Express offers a same-day delivery service platform for medical and recreational cannabis to licensed producers across Canada. This is a huge deal. I absolutely love this deal. What are the highlights of the transaction? Namaste will issue shares in accordance with the agreement based on the closing price on the TSX Venture Exchange on Friday, December 14, 2018. Pineapple Express management team retained financial and operational control of the business. Namaste's CEO, Sean Dullinger, will be appointed to the Pineapple Express Board of Directors, so Sean will be joining the board of Pineapple Express. The transaction is subject to the receipt of certain stock exchange approvals and the satisfaction of other conditions customary in transaction of this nature. Pineapple Express is a same-day delivery platform for medical cannabis and has launched services in Manitoba and Ontario, which plans to expand into other provinces. Namaste's wholly-owned subsidiary, Canmar Inc, has also recently launched same-day delivery services to its patients through Pineapple Express. The company has been pleased with the initial rollout of Pineapple Express delivery service and its management team, who will continue to operate as an independent entity from Namaste and in offering its services to licensed producers across Canada. Namaste remains focused on developing and acquiring leading technology platforms that bring value to the cannabis industry. This agreement represents a significant milestone for the company in diversifying its investments in innovative companies while at the same time having the ability to offer valuable services for its medical patients. Namaste's goal is to evolve the current landscape for online retail cannabis products by improving the user experience. The company will continue to seek opportunities to develop and invest in innovative technology platforms in expanding its offering in Canada and international. What does the commentary of the management say? Randy Rolf, president and CEO of Pineapple Express comments. We are extremely excited to be deepening the relationship between Pineapple Express and Namaste. Our management team and I look forward to having Namaste support our vision for the future development of the company. We are confident that our same-day delivery platform will offer value for both medical patients and recreational consumers across Canada. What does Sean Dullinger, president and CEO of Namaste have to say? We are pleased to announce adding to our position in Pineapple Express an innovative company with strong management team focused on providing exceptional service. We are now offering same-day delivery service in Toronto through Pineapple Express and we are looking forward to their expansion throughout Canada. I love this deal. What do you guys think about this deal? Please comment down below, smash the like button. If I win and you win, we all win. This is huge news. We believe strategic investments in technology and service companies like Pineapple Express will drive innovation and provide long-term value for the company. I'm also personally looking forward to joining Pineapple Express Board of Directors and in offering value to their team. Wow, this is breaking news, huge news. What do you think about this news? Now remember, Rich TV Live is strictly for education, entertainment purposes. Always do your due diligence. Always do your research before you invest in anything that we talk about here on Rich TV Live. You can see that Namaste is down slightly today, only 1%. Nothing huge, but most of the cannabis stocks are down today. And I believe it's because cannabis growth, as you can see, is down 4% today. And Tillray is down dramatically today. Both have been overpriced, overhyped and overvalued in 2018 and they are starting to come back down and they are dragging down the entire sector. Now, we are not licensed advisors. 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If you haven't subscribed, what are you waiting for? Hit that subscribe button. Hit the bell for notifications every time we have any breaking news. You'll know first. It's true. Namaste announces a binding agreement to acquire an additional 34% equity in Pineapple Express delivery for 49% total ownership of a same day delivery service company in Canada that is going to grow throughout the nation. This is your boy, Holler at me. I'm out. Peace.