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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
Comment by UFOmojoon Mar 05, 2019 8:36pm
162 Views
Post# 29447012

RE:RE:RE:RE:Sorry to say but I think we are all f$%ked

RE:RE:RE:RE:Sorry to say but I think we are all f$%ked
BronxBull wrote: Wow, You're happy about the news? Its an endless mess with the company. This is will be the 3rd time the financials are late. Making News Strike like a winning buy.
UFOmojo wrote:
optex1972 wrote:
Hugh9999 wrote: I hope there will be some good news with all the sh$t we had over the last few months. I have lots of shares and kicking my self in the a$$ that I didn’t get out at $3.90.  I only hope we can recover some way some how. Looks like Sean fuc$ed us all.  I hope I’m wrong.



Getting rid of the heal stuff, cafe, useless promoters are all good moves from Meni. Now the auditors too much unknowns to speculate here honestly but again the new management at least knows what they’re doing an imo will turn this ship around. Dollinger made a mess and these guys are doing everything by the book to make all wrongs right obviously. 

 
I don't care about late financials. There's going to be challenges when you're in 20 plus countries. It sounds like the results will be good, when they are finally released. "The resignation of PwC has not impacted management’s confidence in its financial results, "

And all this, this is great to see. Clean up time. Get ride of the HEAL nonsense. Due diligence was overdue. Looking forward to seeing the ironed out results. This is a new CEO doing what should have been done a long time ago. 

Corporate Update and Strategic Review

Following recent changes in management, Namaste’s executive team has undertaken an in-depth strategic review of its current and future operations globally in an effort to streamline the business and ensure compliance throughout the organization. As part of this process, management has been reviewing the entire business in an effort to focus the organization on the highest value opportunities to maximize future growth.

In connection with this review, the Company is examining its global e-commerce activities to ensure compliance with various local tax and other requirements involving the import, sale, and distribution of its products. The Company has expanded the mandate of Norton Rose Fulbright Canada LLP, special independent legal counsel to the Company, to assist with the Company’s review of its compliance throughout its global business and operations, conducted primarily through its Bahamian subsidiary.

During this review period, the Company has elected to suspend certain initiatives that no longer align with the Company’s mission and strategic direction, such as the introduction of Namaste Caf, a cookbook and H.E.A.L. product line in relation to its previously announced franchise distribution model. In addition, the Company has also provided formal written notice of the termination of its agreement with ORH Marketing Ltd., in accordance with its terms. Management believes that the termination of these marketing and related initiatives can be achieved with minimal business disruption, and is expected to result in annual cash savings of approximately $3 million, which is net of expected transition costs.



Yes I'm glad they're sorting this all out now. Clearly it had to be done. It's still a young company who had a major growth spurt. There's going to be growing pains. I'm not concerned about this but you can be... The auditors have decent reviews and terrible reviews from employees. Let's hope Namaste find a better company to work with.

Displaying 1-10 of 65 Employee Reviews

Sorted by: 

Overworked, underpaid, and pretty much the worst work culture around

1.3 of 5 stars

Entry-level in Audit & Assurance | Charlotte, NC | 2018 VERIFIED EMPLOYEE

Uppers

Having the name on my resume and they pay for becker

Downers

Everything else- pay, hours, benefits, workload, staff, culture, etc

Mid-level in Tax

1.4 of 5 stars

Denver, CO | 2018 VERIFIED EMPLOYEE

Uppers

Nothing comes to mind

Downers

Everything comes to mind. Poor culture, work-life balance, benefits, and compensation

Entry-level in External Audit

1.4 of 5 stars

New York, NY | 2017 VERIFIED EMPLOYEE

Uppers

Clients

Downers

Flexibility

PwC allows college students to have a strong career opportunity sooner than later.

1.3 of 5 stars

Entry-level in Audit & Assurance | 2017 VERIFIED EMPLOYEE

Uppers

The prestige of being an employee at a firm like PwC

Downers

The hours are extremely long due to overtesting and gaining too much comfort. Sometimes I feel like im shooting for absolute assurance instead of reasonable.

Advice to Candidates

PwC is a great firm and I don't regret any time ive spent here. I just wish we didn't test so much

Poor selection of partner positioning has cost the office a great future.

1.3 of 5 stars

Executive in Tax | Boston, MA | 2016 VERIFIED EMPLOYEE

Uppers

Largest Tax Firm in the World, great network and MANY great people.

Downers

Lack of good selection and application of local leadership, negatively impacting the team, office and clients eventually.

Advice to Candidates

If you are good, they give you more work, not more pay, but if you persevere and get into the right place and the right time, you too could become a partner. However, do not wait around too long, as the hours add up and cost to you, your health, your family can add up. That being said, the training and possibilities to go elsewhere are very high when you reach and exceed Manager level.

Experienced in Tax

1.3 of 5 stars

McLean, VA | 2016 VERIFIED EMPLOYEE

Downers

the new hoteling policy and the overload of admin activities which are a huge burden to Managers and Directors, in particular

Experienced in Tax

1.3 of 5 stars

McLean, VA | 2016 VERIFIED EMPLOYEE

Uppers

Reputation

Downers

Terrible culture, moving to hoteling is a terrible idea.

Brutal resume tick box

1.3 of 5 stars

Entry-level in Tax | McLean, VA | 2016 VERIFIED EMPLOYEE

Uppers

other team members

Downers

Corporate Hubris

PwC a great firm to work for if you are Gay, otherwise you're better off somewhere else

1.4 of 5 stars

Executive in Tax | Seattle, WA | 2016 VERIFIED EMPLOYEE

Uppers

none

Downers

PwC is all talk but not the firm it says it is.

Executive

1.5 of 5 stars

Boston, MA | 2016 VERIFIED EMPLOYEE

Uppers

Meeting with and working with many great people

Downers

Some difficult personalities who get support from some difficult partners that managed to get
through to that level.
 

Bad working environment with no career growth prospect

1.3 of 5 stars

Entry-level in Tax | San Jose, CA | 2016 VERIFIED EMPLOYEE

Uppers

The Technology

Downers

The working environment

Advice to Candidates

No diversity and equal opportunity towards any minority races/ethnicity. Workload distributions among peers are not fair.

Plenty of work, undercompensated, no quality of life

1.4 of 5 stars

Mid-level in Tax | Miami, FL | 2016 VERIFIED EMPLOYEE

Uppers

exposure to high caliber clients

Downers

Lack of personal time and balance, low salaries

Advice to Candidates

Poor quality of life, relatively low compensation until you get to higher positions (director, partner)

The Firm culture is going the wrong way

1.4 of 5 stars

Entry-level in External Audit | Irvine, CA | 2016 VERIFIED EMPLOYEE

Downers

No one really cares about you

Great firm to launch your career, but not a good firm to stay long

1.2 of 5 stars

Experienced in Tax | Stamford, CT | 2016 VERIFIED EMPLOYEE

Downers

No communication with our leadership.

Advice to Candidates

I already stated

An experience with dealing with incompetents, social awkwardness, unprofessional actions, and not being practical.

1.2 of 5 stars

Entry-level in Tax | Cincinnati, OH | 2016 VERIFIED EMPLOYEE

Uppers

It pays a wage

Downers

A lack of understanding for common sense principals and a lack of general understanding of those who are different than the mid-aged white males running the firm.

Advice to Candidates

The workload is generally substantially more than what the firm will tell you in an interview. The pay is not great when compared to amount of hours you will be working and the stuff you have to put up with.

CareerPath as an Administrative Assistant

1.0 of 5 stars

October 2015 | FORMER EMPLOYEE

Uppers

A standard Paycheck (minus all the free overtime hours actually worked) .

Downers

As an Administrative Assistant with this firm for almost 16 years I have seen the treatment of these hard working assistants become increasingly demoralizing, from the so called HR and upper management. Administrative Assistants are considered "expendible" and worthless, especially if they are older. . This is a great place to work if you are a Partner or Senior Management or happen To "get in good" with someone in a place of power. Working moms beware; dont even think about taking a position as an Admin. assistant. You will be expected to get your work done with unrealistic time frames and NO LIFE outside work not to mention caring for a child! .. Unless you are lucky enough to be a Partner.... Then you will get special dispensation so the firm can use you to set an example of how they encourage "work life balance." Admin. assistants are now expected to support anywhere from 10-20 +Partners and senior Managers and never make a mistake. If you do, you are labeld incompetant an excuse the firm has for not giving you a pay increase. Hard work, and dedication and good reviews are rewarded with more Partners or Managers to work for until you can no longer keep up and realize you are now easily working 70+ hours or more a week with unpaid overtime. Reporting overtime is a big NO NO and not authorized. Instead, you will get "time off" which Is meaningless due to your workload, and you will never use if you want to score a good review! As your career progresses as an Admin, Asst., Your workload will become so impossible, you will bereviewed as "unable to meet expectations" and suddenly become told you are now " incompetant, espcially if you are in the older (50+) crowd. tHey will start freezing your salary and riding your a** and dumping more Partners on you to support until you either drop dead from exhaustion or mental abuse, or quit. Once you quit, you will be replaced with a twenty something who can "hit the ground running " and juggle st

Advice to Candidates

If you are looking for a career as an Admin Assistant dont step foot in this sweatshop!!!

Experienced in Tax

1.3 of 5 stars

Chicago, IL | 2015 VERIFIED EMPLOYEE

Uppers

prestige

Downers

management

On the Edge

1.3 of 5 stars

Entry-level in Tax | Charlotte, NC | 2015 VERIFIED EMPLOYEE

Uppers

When I am working in tax (as opposed to being on rotations), I enjoy the work. It is challenging and there is always something new to learn.

Downers

Losing control.

Gain experience, but you will be burned out, jaded and unhappy.

1.3 of 5 stars

Mid-level in Tax | Philadelphia, PA | 2015 VERIFIED EMPLOYEE

Uppers

Exposure to a wide range of clients/industries

Downers

The management, the hours

Entry-level

1.3 of 5 stars

Cincinnati, OH | 2015 VERIFIED EMPLOYEE

Uppers

a pay check

Downers

the **** that they make us do that doesn't really matter at the end of the day. the timeframes put in place that are artificial and only cause stress instead of actaully motivate people to get things done.
 

Big promises, little payoff

1.4 of 5 stars

Entry-level in Tax | San Francisco, CA | 2015 VERIFIED EMPLOYEE

Uppers

Great insurance, great access to large clients, opportunities to do cutting-edge work

Downers

Complete disregard of work-life balance, terrible pay compared to peers in the area, demands that work become a lifestyle

Advice to Candidates

I turned down a job at a lucrative investment bank to work with PwC. I was promised good hours, good pay, and quick promotions. So far, none of those promises have held true, despite my consistently strong performance. If I had the choice to go back and make the decision again, I'd go with the investment bank. The hours are roughly on-par, and the atmosphere is just as oppressive, but the pay would have at least been better.

While promotion and experience opportuniies available in a short period of time, the cost far outweighs the benefit.

1.2 of 5 stars

Experienced in Tax | Houston, TX | 2015 VERIFIED EMPLOYEE

Uppers

The people was the best aspect, but turnover is so high that I can no longer site this aspect. I am not sure what is the best aspect any longer.

Downers

Compensation is by far the worst aspect at the firm.

Advice to Candidates

All Big 4 will tout similar compensation, diversity and business strategies. If at all possible try and internship or utilize gleaning information about how the firm really functions from friends/former classmates. The tone of individual offices can vary greatly.

Great resume filler but there are better firms to work for from a personal development standpoint

1.2 of 5 stars

Entry-level in Forensic Accounting | Dallas, TX | 2015 VERIFIED EMPLOYEE

Uppers

exit opportunities

Downers

coming to work every day...

Advice to Candidates

great place to start but get out fast!!

Go to EY.

1.1 of 5 stars

Mid-level in External Audit | Denver, CO | 2015 VERIFIED EMPLOYEE

Uppers

The prestige and the resume builder is by far the best and only reason to work here.

Downers

The people are very morose, the hours are silly, and the pay if lousy.

Advice to Candidates

Look elsewhere. If nothing else go to EY - at least they promote after 2 years.

Aholes ruin utopian vision for sweatshop

1.2 of 5 stars

Executive in Advisory Services | New York, NY | 2015 VERIFIED EMPLOYEE

Uppers

Interesting work and flexibility in where you do it generally.

Downers

Firm is driven by the **** in the organization as they get what they want for the most part. Being an ahole is rewarded too often.

Don't waste your time. Look elsewhere

1.0 of 5 stars

September 2014 | CURRENT EMPLOYEE

Uppers

The partners travel often, so they are not in the office. Hoteling is common.

Downers

Bonuses are weak. Who wants to have dinner with the partners as a reward when we've been spending some much time at work. No control over your projects. The partners will put you anywhere they want to make sure you are working. Lots of ineffective managers everywhere in the firm, because the partners are too busy and not around to notice. Long hours. The partners all band together for one cause, they convince themselves until they themselves believe in their cause, even when it doesn't make sense. The partners will create all those committees and projects to fool staff in believing it's the staff's voice, when all it is is just a project to create an illusion.

Advice to Candidates

Come into the firm as a manager or higher so that you have people to delegate to, otherwise they just burn you out.


 
 


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