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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

Post by whisky11on Oct 30, 2021 10:10am
134 Views
Post# 34067665

Cash and cash equivalents were $17.9 million as of August 31

Cash and cash equivalents were $17.9 million as of August 31

...Cash and cash equivalents were $17.9 million as of August 31, 2021, compared to $23.0 million as of May 31, 2021, which is sufficient to fund planned growth initiatives...

You don't have to look at the financials, they told us already how they will be. The $7 million and margin much better than a year ago. But you're missing one thing , that  the most important was increased by 34% revenue from cannabis. And that's what I was waiting for. Accessories are not that important because it's already commercialized and no money in there, they still should carry them to make customers happy, after all it's one stop for all cannabis. Read the financial statement from another companies that so often they are losing market, quite opposite happened here.
 

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