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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

Comment by Oban1kenobion Feb 23, 2021 3:45pm
94 Views
Post# 32639227

RE:Namaste jobs in US, new cannmart partners

RE:Namaste jobs in US, new cannmart partnersThank you!!
 
Also, food for thought, and to give a different perspective, when I mentioned "  As the landscape/regulations change the rules change on Cannmart.com in the background no change for the user." 
 
The "User" in this case is ALL LP's and Anyone else in other future industries (Wellness) who want to sell via cannmart.com (or whatever the future brings) .
 
They are the "users", we buyers are the "customers".
 
Customers' rules do not change as we purchase.  available products are dictated by the rules of the land.  If I live in Ontario I can only purchase what is allowed in Ontario, this changes depending on location....Simple
As a producer what you can offer is also dictated by the rules of the land, but much more complex to manage for the producer as there are many different lands and many different and changing rules.
 
LP's know that it is not efficient nor practical to go through and manage all the regulations/restrictions and legal loopholes for sales of cannabis products in each and every state throughout the US and then other countries to add to that, and then battle for shelf space.  At least its not practical for most LP's...it is not an efficient way of doing things
 
Why not provide all your products to one central location that can navigate through all the various legalities in each various province/state/country... Namaste Technologies Cannmart site ? 
 
example : When rules change within a state (new products allowed/disallowed), they change as an entity for all users/clients (LP's) who are affected on the platform in one shot .  Information/product management, better product flow control, more choices/availability for the customer (easier access to more LP's)
 
I do not see every single Canadian LP who wants to get into the US, be willing and capable to manage each and every state regulations nor having easy access to stores. Do you really think that EVERY store will carry EVERY product.....NOPE impossible. But cannmart can carry everything that is available and permissible AND will have massive data on what sells, when, where to whom.
 
Remember ALL big LP's are bleeding money right now...Is there anyone who is not losing money quarter over quarter and is posting profits ? is there true profits in sight for any of them ? I truly dont know......Namaste might be very close, 2 quarters to see.
 
I do know that if a grower doesnt sell their product it goes bad and is practically useless (Loss) ......anyone ever smoked year old weed ?? ;) lol
 
PS there will always be stores !!
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