Lifeist Wellness Inc V.LFST

Revenues UP & Gross Margin DOUBLED

[GreatGabbo]

And the portfolio continues to GROW while provincial demand INCREASES. Yesterday we were 6-7GM%, Q3 is going to be 15% — Q4 at this rate could be 20%GM with $10+MILLION revenue or better.

Buckle up longs - this one is a keeper!

Morim, "CannMart's turnaround comes at an exciting time as Lifeist progresses along its evolution into a bold and disruptive wellness company, striving to connect humanity with safe, innovative and often daring pathways to individual definitions of wellness. We are on track to launch our nutraceuticals division in Q4 2021."

https://lifeist.com/news/press-releases/press-releases-details/2021/Lifeist-Pre-Announces-Increased-Estimated-Revenue-and-Expanded-Margins-for-Q3-2021/default.aspx

[randomtask]

That's great except their expenses have been close to $7M and the $1M in gross profit means they are 7x revenue away from breakeven.  Can they get to $49M in quarterly revenue before they run out of investors and double the current share count?  The short answer is not a chance.  Expect SP to fall further when the cash position is released and again when they finance in the next