Lifeist Wellness Inc V.LFST

Ignite (bilz) stock price at 95 cents way to go meni

[Moetown1]

Why did the deal end again with ignite? I thought ignite was going out of business. Up 75 percent today wow. Another loss of business for namaste

[Quicksand]

Because there was no margins in it what so ever. Selling for 10% margins makes no sense. Nam controls the same products that they sold under Ignite . Why not sell it under your own brand and take the entire markup.

[steveM45]

I suspect it's due to a lack of cash to fund production and logistics. They desperately need to show increased revenues.

[randomtask]

I don't know that they sold enough Ignite product to really impact their overall gross profit, which is why Ignite jumped ship.  We can all speculate on current margins but March 30th will tell us just how low they still are.  Everyone is going to disagree, i think they'll be 12% or under, Lying Lhama will speculate 40% which is as ridiculous as every other one of his fables