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LIfeist Shrinks Net Loss: 49% YoY Drop In Q2 Net Revenue, Plans Move Away From Its Legacy Cannabis Business
Wednesday, July 31, 2024 - 9:55am | 618Lifeist Wellness Inc. (TSXV:LFST) (FRANKFURT: M5B0) (OTC:LFSWF), a health-tech company, reported its financial results Tuesday for the three months ended May 31, 2024. The Toronto-based company reported a nearly 50% year-over-year drop in net revenue from continued operations to CA$3.9 million ($2....
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Revenue Down, Margins Up: Lifeist's Q1 Financial Results Show Focus On Premium Products Curbed Revenue Drop
Tuesday, April 30, 2024 - 1:12pm | 584Lifeist Wellness Inc. (OTCQB:LFSWF) (TSXV:LFST), a Toronto-based cannabis and health-tech company, announced its financial results for the three months ended February 29, 2024. The company reported net revenue of CA$4.9 million ($3.6 million), a decrease from CA$5.9 million in the same period last...
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Lifeist Q2 FY23 Net Revenue Grows 51% YoY, What About Adjusted EBITDA?
Friday, July 28, 2023 - 9:35am | 531Lifeist Wellness Inc. (OTCMKTS:LFSWF) (TSXV:LFST) (FRANKFURT:M5B) released its financial results for the three months ended May 31, 2023, revealing net revenue of CA$6.2 million ($4.7 million), an increase of 51% compared to CA$4.1 million in Q2 2022. The improvement was mainly driven by a year-...
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Lifeist Acquires Zest Cannabis Brand
Friday, July 21, 2023 - 9:02am | 576Lifeist Wellness Inc. (OTCMKTS:LFSWF) (TSXV:LFST) (FRANKFURT:M5B) has acquired 100% of 1000501971 Ontario Inc. (“Zest”) for $3.4 million in an all-stock transaction. "Zest's addition to CannMart brings an elevated level of growth and innovation through its exceptional cannabis...
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Lifeist Secures $166K Via Private Placement
Friday, April 21, 2023 - 8:41am | 381Lifeist Wellness Inc. (OTCQB:LFSWF) (TSXV:LFST) (FRANKFURT:M5B) has closed a non-brokered private placement of secured convertible debentures for aggregate gross proceeds to the company of CA$225,000 ($166,000). The company intends to use the proceeds from the offering to help fuel expansion of...
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Lifeist Q3 Revenue Grows 27% YoY, Driven By A 61% Increase In Canadian Cannabis Revenue
Friday, October 28, 2022 - 9:00am | 715Lifeist Wellness Inc. (OTCQB: NXTTF) (TSXV:LFST) (FRANKFURT:M5B) Q3 2022 net revenue increased 27% to CA$6.8 million ($5 million), compared to CA$5.4 million in Q3 2021. Third Quarter 2022 Highlights Net revenue increase was driven by a CA$1.8 million, or 61%, increase in Canadian cannabis...
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Lifeist Cannabis' Subsidiary CannMart Enters Supply Agreement With Quebec Marijuana Distributor
Tuesday, March 8, 2022 - 9:34am | 317Lifeist Wellness Inc. (TSXV: LFST) (FRANKFURT: M5B) (OTCMKTS: NXTTF) announced that its wholly owned subsidiary CannMart Inc. has established a supply agreement with the SQDC, the sole retail distributor of licensed cannabis products in Quebec, Canada’s second most populated province. As a...
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Lifeist Wellness Reports Q3 Revenue Growth Led By Its Cannabis Subsidiary, CannMart
Friday, October 29, 2021 - 10:59am | 747Cannabis-focused e-commerce company Lifeist Wellness Inc. (TSXV: LFST) (FRANKFURT: M5B) (OTCMKTS: NXTTF), previously known as Namaste Technologies, released its third-quarter earnings Friday with gross revenue improving 12% year-over-year reaching CA$7.1 million...
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Lifeist Wellness Stock Down On Announcing Earnings Estimates For Q3 2021
Wednesday, September 29, 2021 - 11:58am | 410Lifeist Wellness Inc. (TSXV: LFST) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF), previously known as Namaste Technologies Inc., announced Wednesday that it anticipates gross revenue for the fiscal third quarter ended August 31 will be roughly $7 million, representing a year-over-year increase of...
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Quarterly Earnings: Namaste, Hexo, KushCO, Delta 9, Liberty Health
Friday, October 30, 2020 - 12:43pm | 964Namaste Net Revenue Spikes 49% YoY In Q3: Namaste Technologies Inc. (TSXV: N) (OTCMKTS: NXTTF) reported Thursday a 49% year-over-year increase in net revenue, reaching CA$5.6 million in the third quarter. CannMart, a subsidiary of the Toronto-based company, generated CA$2....
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Namaste Launches VendorLink, CannMart Features Canada Puffin Accessories
Friday, September 18, 2020 - 12:43pm | 317Cannabis e-commerce company Namaste Technologies Inc. (TSXV: N) (OTCMKTS: NXTTF) announced Friday the introduction of its marketplace platform – VendorLink. The new platform allows brands and vendors to sell their cannabis accessories directly to CannMart customers. By...
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Cannmart Extends Provincial Business Channel, B2B Market Expected To Continue Growing As A Result
Wednesday, November 13, 2019 - 4:12pm | 261Namaste Technologies Inc (OTC: NXTTF) (CSE: N), an online platform for cannabis products, accessories and responsible education, announced Tuesday its subsidiary, CannMart Inc., signed a supply agreement with the Ontario Cannabis Retail Corporation or OCRC, operating as the Ontario Cannabis...