Lifeist Wellness Inc V.LFST

Alternate Symbol(s): LFSWF

Lifeist Wellness Inc. is a Canada-based health-tech company. The Company's portfolio of wellness companies leverages advancements in science and technology to enable consumers to find their individual path to wellness. Its portfolio business units include Mikra, which is a biosciences and consumer wellness company developing and selling products for cellular health and CannMart, which is a business-to-business (B2B) wholesale distribution business facilitating recreational cannabis sales to Canadian provincial government control boards.

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Lifeist Wellness Inc

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Post by AuroraCannabison Feb 26, 2019 4:51pm

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Post# 29416503

Actual Current UK expansion with Namaste

https://www.newswire.ca/news-releases/namaste-restructures-previously-announced-acquisition-of-uk-based-af-trading-ltd--840963781.html

Key Terms of the new letter of intent include:

Namaste Bahamas will acquire CannMart UK for aggregate consideration of CAD $1,500,000, comprised of $500,000 in cash consideration and $1,000,000 in shares of common stock of Namaste provided the share purchase transaction closes and the License Amendment is filed;
Namaste shall also procure that CannMart UK, following closing of the share purchase transaction, retains the AF Principals to provide consulting services over a two year period to facilitate the License Amendment and to further the business objectives of CannMart UK for aggregate consideration of CAD $2,000,000, comprised of $500,000 in cash consideration payable over the term of the consulting agreement in monthly equal instalments and $1,500,000 in shares of common stock of Namaste payable in two equal installments upon filing of the License Amendment and receipt of final approvals, respectively.