Cannabis product e-commerce kings Namaste Technologies Inc. (N.C) have achieved record monthly sales and traffic for the month of November, according to a news release Thursday.
Total unaudited sales for November hit a stately $1 million, with those revenues benefiting from the acquisition of the VaporSeller.com and EveryoneDoesIt.com, which rank among the world’s most visited accessory websites.
Total traffic for the month was 596,453 unique users. T
The two new assets join Namaste’s NamasteVapes.com site, and revenue is split almost three ways between them. EveryoneDoesIt draws over half the traffic of the combined companies, with NamasteVapes only drawing 12% of the combined traffic. That site’s disproportionate share of revenue generation is the result of a higher conversion ratio and average purchase amount per order.
The company believes it can take that enhanced ecommerce strategy and apply it to the other sites quickly.
Sean Dollinger, President and CEO of Namaste, said in a news release, “As we continue to implement our e-commerce development and acquisition strategies, we see multiple opportunities to further expand our revenue form organic growth and additional consolidation opportunities. In comparison to the spectrum of companies participating in the cannabis cultivation and hardware industry, we believe these results further demonstrate our scale and the value of our business in the context of the current market environment.”