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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 leverages advancements in science and technology to develop innovative products to support human wellness and transform lives. The Company's key asset is its United States biosciences subsidiary Mikra Cellular Sciences Inc. (Mikra), a biosciences and consumer wellness company focused on developing and selling products. Mikra's products consists of Focus, Protect, Serenity, and CELLF.


TSXV:LFST - Post by User

Bullboard Posts
Post by Infirstmoneyon Apr 13, 2018 1:02pm
126 Views
Post# 27880359

Rookie Mistakes

Rookie MistakesThe CEO only has himself to blame for the share price declines. If he didn't know that it would take at least close to a year, from the time they bought Cannmart, to getting a license, then he is simply was not paying attention. Even casual pot investors knows that if you buy a company that has just begun the process, that it takes a few months to get started and go through the building, design, permitting, visits etc etc. Then after you get everything pretty much designed and built, and you schedule the first visits, from there it takes a few months to close. After getting the final approvals, then you could open your yap and mention that it should only be weeks away now. It want to do it pretty much from scratch,....then be willing to spend up to 24 months dealing with red tape.

He will learn this with Infinite Labz,....which at the moment, is just a patch of grass. It could take 2 years or more, even with the first license. You want to buy your buddies business to throw him a bone, then be prepared for the market to take you to the wood shed. A good whupping to the share price. The market is taking Sean to school. Sell-off was automatic as soon as they announced the deal anouncing that they would take the longest route possible.  
Bullboard Posts