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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.
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TSXV:LFST - Post by User

Bullboard Posts
Post by Retiredceo2016on May 31, 2019 8:44pm
650 Views
Post# 29790477

Financial review šŸ§

Financial review šŸ§It is great to finally look at the numbers. Yes, the 1st quarter loss is larger than I would like to see, however, mitigated somewhat by the one-time spending of over $3 million by the Board on the investigation. It would be nice to hear the findings of the investigation but the investigation is not critical to the ongoing operations led by the new management team. The good news is the $70 million dollars on hand in cash. Cash burn in the 1st quarter was approx. $7 million (excluding one-time investigation expense). The cash equates to 7 quarters of operations before running out of cash. Over the next year the management team needs to grow revenue and control expenses to reduce cash burn. I also like the investments in other affiliates and Tgod ownership of shares. Have a great weekend and I look forward to seeing market reaction on Monday.
Bullboard Posts