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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 > Wouldn't Be Surprised
View:
Post by Marski101 on Jul 13, 2021 1:15pm

Wouldn't Be Surprised

Brick N' Mortar will be a small % of shops left to purchase cannabis related product. E-commerce is the way of choice by many, as I see driving by local shops in busy district where I live and they are always dead, and I just walked into a Fire n Flower and just asked how business was....answer "DEAD". says a lot. Namaste 1, Brick N' Mortar 0 Cheers all,
Comment by randomtask on Jul 13, 2021 1:28pm
That's so weird since they are the largest volume retailer in Canada around $45M in revenue last quarter at 37% margins....  I guess that's also why they have online channels, true AI through HyFire as well as Open Fields which Namaste copied and called VendorLink.  Namaste 0 Every other retailer in Canada 1 What a sad day to be a N investor, almost at their all time low ...more  
Comment by stock1829 on Jul 13, 2021 2:35pm
Actually the opposite is true.  The vast majority of cannabis products are now sold through brick and mortar.  Don' be one of the deniers - educate yourself. https://www.businessofcannabis.ca/2020/04/21/apr-21-benchmark-update-canada-monthly-retail-sales-from-online-and-brick-mortar-stores/
Comment by steveM45 on Jul 13, 2021 2:42pm
Giving whisky facts & hard data is like a donkey carrying books.  Everyone knows this except those who bury their heads in the sand. The financials will prove him wrong for the 9th or 10th ER in a row now. We all know his modus operandi. After the dismal ER, he will fabricate some excuses, then start pumping the next qtr. Rinse & repeat.
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