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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 > Well there you have it folks. We've been here before
View:
Post by 20centsORLESS on Jul 08, 2021 12:45pm

Well there you have it folks. We've been here before

But it almost looks like this time we are here to stay. Zero promises to deliver on, zero positive news in the pipeline - labs doesn't count, it was promised months ago. 50% more dilution than the last run down, way too much cheap paper, and will be running low on cash by end of year. Margins in the next fins will tell us all we need to know.
Comment by whisky11 on Jul 08, 2021 1:18pm
Namaste has more than 30 million cash. So 30% of the value of the company is cash. First quarter this year usage of cash dropped from 10 million to 2.5million dollars The most important is imminent enter into Wellness Market and this is just the beginning of global expansion
Comment by Ninjabujinkan77 on Jul 08, 2021 1:36pm
honestly these dumb dumb bashers will be the ones losing in the long term as this sleeping giant will show it's due course... just how powerful cannabis ecommerce is!!
Comment by stock1829 on Jul 08, 2021 2:25pm
Kid - this isn't a job.  I know you told your mom your some kind of financial wiz in the stock market but really you don't have a clue and you have already lost you $1,200 saving from last year's summer job.  Go to school and actually learn about finance if you're interested.  What do you have to lose? Zero job, zero girlfriend, zero house, no car.  You've ...more  
Comment by randomtask on Jul 08, 2021 3:40pm
1) they had after they raised $20M - it will be significantly lower now 2) you have now idea how cash burn works and I assure you they are spending much more than $2.5M per quarter  as they have less than $600k in gross profit to apply to $6M in expenses alone   3) they have over $8M in liabilities  4) I can't believe you're dumb enough to be fooled by this "wellness ...more  
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