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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's portfolio of wellness companies leverages advancements in science and technology to enable consumers to find their individual path to wellness. Its portfolio business units include CannMart, which operates a business-to-business (B2B) wholesale distribution business facilitating recreational cannabis sales to Canadian provincial government control boards including for CannMart Labs, a butane hash oil (BHO) extraction facility producing high margin cannabis 2.0 products; Australian Vaporizers, an online retailers of vaporizers and accessories in Australia; CannMartMD, a Health Canada compliant telemedicine application, providing an integrated patient portal with remote access to healthcare practitioners; Lifeist Vapes, which sells herbal vaporizer hardware and ancillary products in Europe and Canada, and Mikra, a biosciences and consumer wellness company developing and selling therapies for cellular health.


TSXV:LFST - Post by User

Comment by randomtaskon Aug 18, 2022 12:56pm
62 Views
Post# 34905122

RE:from yahoo

RE:from yahoo

Not enough cash left without selling more assets or trying to raise funds...  mikra was their last hope and that light is dimming very, very quickly 


whisky11 wrote: Mikra answering a question about cost on FB. —> The price point for CELLF is higher than we anticipate it will be in a year or two. The product we've formulated is very different from every other nutraceutical out there — we've prioritized function and efficacy over everything else (including form factor, taste, and so forth). Our oxygen-deprived manufacturing process makes CELLF highly unique and incredibly effective. Still, it requires exceptionally specialized equipment, which leads to incredibly small batch sizes to ensure zero degradation and maximum biopotency and bioavailability.

As soon as we complete more clinical trials and find a way to scale-up production safely without compromising the integrity of the product, we hope to be able to bring down the price so that more people can benefit from it.

 

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