Lifeist Wellness Inc V.LFST

Cash and cash equivalents were $17.9 million as of August 31

[whisky11]

...Cash and cash equivalents were $17.9 million as of August 31, 2021, compared to $23.0 million as of May 31, 2021, which is sufficient to fund planned growth initiatives...

You don't have to look at the financials, they told us already how they will be. The $7 million and margin much better than a year ago. But you're missing one thing , that  the most important was increased by 34% revenue from cannabis. And that's what I was waiting for. Accessories are not that important because it's already commercialized and no money in there, they still should carry them to make customers happy, after all it's one stop for all cannabis. Read the financial statement from another companies that so often they are losing market, quite opposite happened here.

 

[stock1829]

Yes - so at that rate they will be completely broke in a little more than 9 Months.  Cash burn $5M per quarter

[randomtask]

There is a 100% chance they will need financing inside of 3 months.  They barely have enough cash for operating expenses nevermind building out any fake wellness channels.  You tell people not to look at the financials simply because you have no idea how to interpret them.  You preached that accessories were important and that everyone else was doing cannabis and now you've once