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Bullboard - Stock Discussion Forum 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... see more

TSXV:LFST - Post Discussion

Lifeist Wellness Inc > Fourth quarter tells us that we were right
View:
Post by whisky11 on Mar 31, 2021 4:10pm

Fourth quarter tells us that we were right

The company is an expansion. In the Time when LPs cut on production and improve finances by closing production plant and farms.
Namaste expanding cannabis sale. We need bigger Gross revenue, that's why they're expanding to wellness. 
So with that  coronavirus they got to spend money let's say $1 million to cancel one shift and disinfect between shifts so they spend one or $2 million and this is taken from margins.
The company won't disappear like those sickos predicted, every year will double or quadruple  in size.
Comment by randomtask on Mar 31, 2021 6:06pm
Yes you need $269M / quarter in gross revenue!   isn't Labs a LP? You said yesterday that wellness is created in a lab, so won't they be susceptible to the same issues all LPs are facing? Or is the last and smallest player to the party with the least amount of experience not going to be affected?   This is going to be hard to digest but Labs is going to be expensive and not ...more  
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