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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 > Cannmart has 70 to 75% ratio of returning customers
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Post by whisky11 on Aug 12, 2021 4:33pm

Cannmart has 70 to 75% ratio of returning customers

Average customers at Cannmart spent more than $150 per visit.
This is the famdation  of investment , that's what you should look at. Do they have the product? yes, do they treat customer right? yes. Because of prohibition on advertising it has to be the way it is, slow. Second quarter numbers weren't impressive because they switched from low revenue deals to higher margin one. So they improve margins but total revenue stagnated. Unfortunately there is no other way to do it, it will change with wellness,Cannmart will be exposed to more potential customers.
Comment by steveM45 on Aug 12, 2021 5:05pm
Can you backup this claim with a link?  Can you prove avg customers returned more than once /year?  What % of their hundreds of products actually sold?  I'd guess less than half, or less. To compare...every company in the MJ universe has shown revenue increases of 40 - 140% in  recent quarters.  Why is N not only in last place, but actually SHRINKING annual revenue ...more  
Comment by steveM45 on Aug 13, 2021 4:18pm
So no link or backup then?  I'll stick with my assumption that returning customers means returning annually. Too many better options out there for medical. Also, only about 20% of those skus have any significant sales....prove me wrong. Buy BTC and get your money back within a year or two, instead of running this namistake marathon with pumping liars paying for promotional fluff.
Comment by randomtask on Aug 12, 2021 7:09pm
Why do revenues keep going down then?  
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