Phivida Holdings Inc. and Namaste Technologies Inc. announced that it has signed a Global Digital Reseller-Supply Agreement. As key terms in the agreement, Namaste has been approved as the preferred global online retailer and digital affiliate marketing partner for Phivida's product line of premium hemp-derived Cannabidiol infused functional beverages and clinical heath products. The agreement includes a global online territory, targeting the launch in Germany and Australia.

Terms of the agreement are namaste has exclusive rights for online retail of Phivida's products in the Territories; the Agreement is valid for a 24-month period; the agreement payment terms are net 30 days; Namaste shall be responsible for delivery costs; Namaste will under no circumstance retail PHIVIDA products for a price that is less than the regular retail price at which the products are advertised on PHIVIDA's website; the Agreement states that all online product marketing expenses within the Territories will be shared equally between PHIVIDA and Namaste; the Agreement is subject to obtaining a legal opinion from a designated legal firm, agreed to by both parties.