Namaste Posts Q2 Results, Cann Mart’s Revenue Spikes 1500% YoY

Cannabis e-commerce company Namaste Technologies Inc. (TSXV: N) (OTCQB: NXTTF) disclosed that the net segment revenue for CannMart, its wholly-owned subsidiary, spiked around 1500% year-over-year to CA$2.4 million (US$1.8 million).

Compared to the previous quarter, CannMart’s revenue increased by 82%, the company said Friday.

The Toronto-based company also reported its overall net revenue amounted to CA$6.9 million in the second quarter of fiscal 2020, up by 73% compared to the same quarter last year.

Namaste’s CEO Meni Morim noted that an increase in …

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