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 CannMart, which operates a business-to-business (B2B) wholesale distribution business facilitating recreational cannabis sales to Canadian provincial government control boards including for CannMart Labs, a butane hash oil (BHO) extraction facility producing high margin cannabis 2.0 products; Australian Vaporizers, an online retailers of vaporizers and accessories in Australia; CannMartMD, a Health Canada compliant telemedicine application, providing an integrated patient portal with remote access to healthcare practitioners; Lifeist Vapes, which sells herbal vaporizer hardware and ancillary products in Europe and Canada, and Mikra, a biosciences and consumer wellness company developing and selling therapies for cellular health.

TSXV:LFST - Post by User

Lifeist Wellness Inc > LFST is almost profitable.

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Comment by steveM45on Apr 17, 2024 4:12pm

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Post# 35994580

RE:LFST is almost profitable.

As of the last ER, they hve a NEGATIVE working capital position. Must be a LOT worse by now since no one will lend them anything.

Any other drunken forecasts?

whisky11 wrote:
They got from Alumina $150,000 in 15 November last year. Today they announced $260,000. So it's fair to say that in 2 and 1/2 months they needed to borrow $410,000 combine.

With MIKRA expansion in USA they're less than $500,000 in the red for a quarter(three months). That little losses, before sale in5000 stores in USA.