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 > Auxly to capture the largest amount of market share

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Post by whisky11on Feb 20, 2021 7:57pm

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Auxly to capture the largest amount of market share

Last week, Auxly reported a major milestone and announced that it had the largest market share of cannabis 2.0 products in 2020. The data was confirmed by Headset Canadian Insights data which is considered to be a leading data aggregator for the legal cannabis industry. We consider this to be a major achievement for Auxly and is a development that captured our attention.

According to Headset Canadian Insights, Auxly had a 19.2% share of the total vape market and a 12% share of the total edibles market.These two market segments were significant enough for Auxly to capture the largest amount of market share and we expect the company to launch new cannabis 2.0 products this year.

The performance of Auxly’s vape products in 2020 was impressive and was the best performing segment of the business. According to Headset Canadian Insights, Auxly had 23% of the national vape market share in the fourth quarter and we will monitor how the trend continues in future quarters.