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Lifeist Wellness Inc V.LFST

Alternate Symbol(s):  LFSWD

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.


TSXV:LFST - Post by User

Post by stock1829on Aug 27, 2020 11:48am
84 Views
Post# 31460610

Issuing new shares. Here's some numbers to think about....

Issuing new shares. Here's some numbers to think about....Let's say the average share volume is around 500,000/day

Let's say Namaste (in the best case scenario) can grab 20% of the market or sell 100,000 a day at $0.27.  That's only $27,000/day.  With 25 days in a trading month (if they can do that every day and not drive down their price of $0.27 - that only equals $675,000 a month!  No where near their current cash burn of roughly $2.5M a month.  Something's gotta give.


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