Why 2020 is the Year for Cannabis E-Commerce Stocks - Seite 3

Aurora Cannabis Inc (TSX:ACB) (NYSE:ACB) has also seen an increase in revenue, with net revenue increasing by 18% in fiscal Q3 to $78.4 million, although it's unclear how much is being generated through online sales. In July 2018, Aurora selected Shopify as its e-commerce platform for medical and recreational cannabis distribution globally.

Of course, what truly sets companies like Namaste Technologies apart from these other cannabis businesses is the fact that it isn't bogged down by operational costs or the price of cannabis. Essentially, Namaste's emerging marketplace is similar to services like Uber and Airbnb, which act as the middleman between consumers and the products and services they desire.

For more information on Namaste Technologies (TSX-V:N) (OTCQB:NXTTF) Please  click here.

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