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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Lifeist Wellness Inc > management’s efforts to preserve cash resources

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Comment by randomtaskon Dec 15, 2020 7:43pm

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Post# 32115221

RE: management’s efforts to preserve cash resources

yet here we are, no cash and further dilution...

whisky11 wrote:
Consistent with management’s efforts to preserve cash resources and reinforce their commitment to the Company, certain officers of the Company have agreed to receive their short-term incentive in options in lieu of cash. Additionally, Namaste’s CEO Meni Morim’s request for a pay cut in favour of long-term incentives has been granted, with the Board of Directors agreeing to a 17% reduction. In addition, the Board approved other option grants pursuant to agreed long term incentive plans. With this in mind, of the total number of options granted, officers of the Company received in aggregate 3,737,056 options, with directors and employees receiving the remainder.
https://www.namastetechnologies.com/namaste-completes-tsx-venture-filing-for-option-grants/.