Namaste Technologies Inc. has entered into a share purchase agreement to acquire 49 percent of the issued and outstanding shares of Calgary-based Choklat Inc. for $1.5 million in cash consideration.
Additionally, “Choklat has hired industry experts Cannabis Consulting Inc. to assist with the procurement of a Health Canada federal processing licence,” the statement notes.
“Choklat will aim to make products for CannMart and expand its target market to include the overall cannabis space,” says company founder and CEO Brad Churchill.“As one of the only chocolate makers in Canada, I had access to equipment and processes that other chocolatiers and confectioners don’t have,” Churchill points out.
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