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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.


TSXV:LFST - Post by User

Comment by randomtaskon Apr 15, 2021 1:59pm
15 Views
Post# 33004126

RE:When I read Random task post I have feelings that I hear

RE:When I read Random task post I have feelings that I hearYou seriously believe $15M gets breakeven?  You've never looked at the financials, have you?  Seiously, look them up and you'll see your weird, backwards math is completely wrong.  It's so wrong i'm actually embarrassed for you.

whisky11 wrote:  noise of vacuum cleaner (there is nothing wrong with hard-working people I respect them) so in my opinion randomtask works as a cleaner in financial institutions.
That's why he's familiar with the names and sentences but he doesn't understand what the specie it is. He figured out that the same company to cut $6 million deficit needs  revenue of quarter billion.
He doesn't consider simple fact that if you double , triple or tenfold revenue you don't have to pay again administration cost most property taxes, tools and equipment or warehouse buildings, because everything is covered .
That's why if the same company double revenue with expenses under control , the margins skyrockets.
The second way the company can cut losses and improve margins is to
jack up price of goods sold
and cut wages of employees. The last one never works, you have to win with competition by selling cheaper goods and quality stuff, if you cut  wages, then workers won't be interested in doing good job, if you raise the price your customers will go to competition. In Namaste case if they make $15,000,000 a quarte N become profitable and it will happen this year.


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