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

Lifeist Wellness Inc > multi-billion dollar company in the making

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Comment by randomtaskon Feb 26, 2021 12:01pm

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Post# 32671542

RE:multi-billion dollar company in the making

Great copy and paste! Still under 0.50% market share in Canada and no where near profitability in 2020. US expansion news met by 0.01 increase in SP.

whisky11 wrote:
If we want to grow and be a multi-billion dollar company, we need to increase our total addressable market, and find opportunities to cross-sell and up-sell. Historically, we’ve already done this: We started with 1.0, the flower. Then we expanded into 2.0, which was initially very narrow but we continue to expand on that as well, each time delivering a broader range of cannabis and cannabis derivative products to customers.

But at some point in the future, our customers are going to look for things that are adjacent to these products because the goal will be the same — they want to find calmness, to relax, or to be energized, or increase their creativity — their definition of wellness. We’ll continue to be well-positioned in expanding our product offering long term, and therefore increasing our revenue and potential market.