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Lifeist Sells CannMart To Simply Solventless To Focus On Its 'Core Mission Of Transforming Human Wellness'
Friday, September 13, 2024 - 8:19am | 516Lifeist Wellness Inc. (OTC:LFSWF) announced Thursday it completed the previously announced sale of CannMart's shares to Simply Solventless Concentrates Ltd. CannMart is a business-to-business wholesale distribution business facilitating recreational cannabis sales to Canadian provincial government...
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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 Reports Highest Quarterly Gross Profit In History, Continues To Diversify Its Wellness Business
Tuesday, April 2, 2024 - 10:13am | 835Lifeist Wellness Inc. (TSXV:LFST) (FRANKFURT: M5B) (OTCMKTS: LFSWF) reported its financial results Monday for the three and 12 months ended Nov. 30, 2023. The Toronto-based company noted it had achieved the highest quarterly gross profit in the company's history in the fourth quarter totaling CA$2...
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Canadian Company Lifeist Says Farewell To Cannabis Business Unit, Turns To Nutraceuticals
Friday, February 2, 2024 - 1:15pm | 564Lifeist Wellness Inc. (OTC:LFSWF) announced on Friday it has entered into a definitive share purchase agreement with 1463663 B.C. Ltd., a newly-incorporated affiliate of Tierra Corp., and the company's Canadian cannabis subsidiaries, collectively referred to as the CannMart Group, to divest and...
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Black Friday Goes Green, Elevating Retail From Red To Black With These New Cannabis Products
Wednesday, November 22, 2023 - 9:34pm | 823Prepare for an exceptional Black Friday as we introduce a selection of new cannabis products designed to enhance your experience. From premium gummies to cutting-edge accessories, we've meticulously curated a collection that will redefine your cannabis journey. See Also: Green Wednesday...
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Cannabis Health-Tech Reports YoY Drop In Q3 Revenue As It Moves To Diversify Wellness Business
Monday, October 30, 2023 - 9:50am | 678Lifeist Wellness Inc. (TSXV: LFST) (FRANKFURT: M5B) (OTCMKTS: LFSWF) reported its third quarter financial results Friday for the three months ended August 31, revealing a $30% year-over-year drop in net revenue to CA$4.8 million ($3.45 million). "Our steadfast commitment to...
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Global Weed Brand To Buy Australian Vaporizes For $1.7M In Shares
Monday, September 18, 2023 - 7:42am | 649Cannabis company Flora Growth Corp. (NASDAQ: FLGC) has signed a definitive agreement Monday to buy Australian Vaporizers Pty Limited from a health-tech company, Lifeist Wellness Inc. (TSXV: LFST) (FRANKFURT: M5B) (OTCMKTS: LFSWF), a health-tech company. Under the deal, Flora will...
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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 To Acquire Zest Cannabis
Thursday, June 1, 2023 - 10:40am | 597Lifeist Wellness Inc. (OTCMKTS:LFSWF) (TSXV:LFST) (FRANKFURT:M5B) has entered into a definitive share purchase agreement, pursuant to which the company will acquire 100% of 1000501971 Ontario Inc. (“Zest”) for $3.4 million. The acquisition is an all-stock transaction, marking another...
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Lifeist Q1 FY23 Revenue Grows 22.5% YoY, What About Adjusted EBITDA?
Friday, April 28, 2023 - 8:35am | 356Lifeist Wellness Inc. (TSXV:LFST) (FRANKFURT:M5B) (OTCMKTS:LFSWF) net revenue increased 22.5% to CA$5.9 million ($4.3 million) in Q1 2023 compared to CA$4.9 million in Q1 2022. The increase was driven by a CA$515,000, or 16.4%, increase in Canadian cannabis revenue and CA$551,000 contribution from...
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Lifeist Secures $100K Via Private Placement
Thursday, March 16, 2023 - 10:15am | 502Lifeist Wellness Inc. (OTCMKTS:NXTTF) (TSXV:LFST) (FRANKFURT:M5B) has closed a non-brokered private placement of secured convertible debentures for aggregate gross proceeds to the company of $100,000. The company intends to use the proceeds from the offering to help fuel expansion of Lifeist’...
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Lifeist Closes Second Tranche With Alumina Partners To Support Mikra's U.S. Distribution Through GNC Stores
Wednesday, February 1, 2023 - 11:12am | 461Lifeist Wellness Inc. (OTCMKTS:NXTTF) (TSXV:LFST) (FRANKFURT:M5B) has completed a second tranche under its draw-down equity facility with Alumina Partners (Ontario) Ltd., an affiliate of New York-based private equity firm Alumina Partners, LLC. Gross proceeds to Lifeist were approximately $260,335...
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Lifeist Stock Up On Partnering With GNC To Gain Access To Over 5,000 Retail Stores For Its Mikra's CELLF Products
Thursday, January 12, 2023 - 11:33am | 390Mikra Cellular Sciences Inc. a subsidiary of Lifeist Wellness Inc. (OTCMKTS:NXTTF) (TSXV:LFST) (FRANKFURT:M5B) has signed a distribution agreement with GNC Holdings, LLC to make GNC the exclusive distribution partner for CELLF and its future derivatives in the United States in GNC’s retail...
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Lifeist's CannMart Becomes Exclusive B2B Distributor In Canada For Hamilton Devices
Monday, October 31, 2022 - 10:11am | 419CannMart Inc., a wholly owned Canadian cannabis business unit of Lifeist Wellness Inc. (OTCQB: NXTTF) (TSXV:LFST) (FRANKFURT:M5B) has entered into a distribution agreement with Hamilton Devices, a U.S. manufacturer and supplier of vape hardware. With the agreement, CannMart is now Canada’s...