Namaste Technologies (N.V) launched their cannabis 2.0 house brand, Roilty, today, according to a press release.
The new Roilty brand will focused on cannabis 2.0 products, and the company’s recent acquisition of CannMart Labs will give them the ability to develop high demand products at a lower price than their competitors.
“We are excited for the launch of our in-house brand “Roilty” as we see an increasing demand for additional 2.0 products with a strong value proposition. We are working hard towards receiving our processing licence from Health Canada and look forward to producing our in house branded Cannabis 2.0 products, for our medical channel customers at CannMart.com and recreational consumers across Canada through our network of provincial sales partners. We are clearly focused on the execution of our strategy to position Namaste as a leading cannabis company and look forward to building on this positive momentum in 2021,” said Meni Morim, CEO of Namaste.
Today’s $0.02 rise breaks a steady pattern of decline that’s seen Namaste’s price fall from its October high of $0.31 to where it’s trading now at $0.24.
CannMart, Namaste’s subsidiary, intends to launch products through the brand in February. These products include live resin, rosin, shatter, crumble and wax, which will emerge in subsequent quarters. At present, the trademark for Roilty is pending approval.