Glancy Prongay & Murray LLP Reminds Investors of the Deadline in the Class Action Lawsuit Against Namaste Technologies Inc.

LOS ANGELES–(BUSINESS WIRE)–$NXTTF #CLASSACTIONGlancy
Prongay & Murray LLP
(“GPM”) reminds investors of the December
5, 2018
deadline to file a lead plaintiff motion in the class action
filed on behalf of investors that purchased Namaste Technologies Inc.
(“Namaste” or the “Company”) (OTC: NXTTF) securities
between November 29, 2017 and October 4, 2018, inclusive
(the “Class Period”). Namaste investors have until December 5, 2018 to
file a lead plaintiff motion.

If you are a shareholder who suffered a loss, click here
to participate.

On October 4, 2018, Citron Research published an article claiming that
the Company had entered into an “undisclosed related party” transaction.
The Citron report alleged, among other issues, that Namaste’s Chief
Executive Officer had falsely “promised investors a Nasdaq listing” and
had falsely represented that Namaste had divested the Company of its
U.S. assets in a sale to an “arm’s length” purchaser, when the purchaser
was in reality a Namaste executive. On this news, shares of Namaste
fell $0.19 per share, or nearly 10.5% over two trading days, to close
at $1.62 on October 5, 2018, thereby injuring investors.

The complaint filed in this class action alleges that throughout the
Class Period, Defendants made materially false and misleading statements
regarding the Company’s business, operational and compliance policies.
Specifically, Defendants made false and/or misleading statements and/or
failed to disclose that: (i) Namaste failed to disclose that it had sold
its wholly-owned U.S. subsidiary to Namaste executives; (ii)
consequently, Namaste did not sell its U.S. subsidiary in an arm’s
length transaction; and (iii) as a result, Namaste’s public statements
were materially false and misleading at all relevant times.

Follow us for updates on Twitter: twitter.com/GPM_LLP.

If you purchased shares of Namaste, you may move the Court no later than December
5, 2018
to ask the Court to appoint you as lead plaintiff. To be a
member of the Class you need not take any action at this time; you may
retain counsel of your choice or take no action and remain an absent
member of the Class. If you wish to learn more about this action, or if
you have any questions concerning this announcement or your rights or
interests with respect to these matters, please contact Lesley
Portnoy
, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los
Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by
email to shareholders@glancylaw.com,
or visit our website at www.glancylaw.com.
If you inquire by email please include your mailing address, telephone
number and number of shares purchased.

This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.

Contacts

Glancy Prongay & Murray LLP, Los Angeles
Lesley Portnoy,
310-201-9150 or 888-773-9224
shareholders@glancylaw.com
www.glancylaw.com

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