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 > Revenues UP & Gross Margin DOUBLED

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Comment by randomtaskon Oct 17, 2021 7:34am

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Post# 34014728

RE:Revenues UP & Gross Margin DOUBLED

That's great except their expenses have been close to $7M and the $1M in gross profit means they are 7x revenue away from breakeven. Can they get to $49M in quarterly revenue before they run out of investors and double the current share count? The short answer is not a chance. Expect SP to fall further when the cash position is released and again when they finance in the next couple of months (at the latest)

GreatGabbo wrote:

And the portfolio continues to GROW while provincial demand INCREASES. Yesterday we were 6-7GM%, Q3 is going to be 15% — Q4 at this rate could be 20%GM with $10+MILLION revenue or better.

Buckle up longs - this one is a keeper!

Morim, "CannMart's turnaround comes at an exciting time as Lifeist progresses along its evolution into a bold and disruptive wellness company, striving to connect humanity with safe, innovative and often daring pathways to individual definitions of wellness. We are on track to launch our nutraceuticals division in Q4 2021."

https://lifeist.com/news/press-releases/press-releases-details/2021/Lifeist-Pre-Announces-Increased-Estimated-Revenue-and-Expanded-Margins-for-Q3-2021/default.aspx