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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 > Selling off more assets!
View:
Post by randomtask on May 26, 2022 1:57pm

Selling off more assets!

Just to keep the lights on.... big ouch :)

Bought for $12M and sold for $4M?  That's the lifeless model that the lying lhama thinks is successful :)
Comment by steveM45 on May 26, 2022 2:15pm
Buy high, sell low...just like whisky.  More asset sales coming...business wind down continues.
Comment by randomtask on May 26, 2022 2:27pm
do you think they'll sell labs or vapes first?  
Comment by steveM45 on May 26, 2022 3:42pm
Meni's probably shopping around both, so whatever he gets a reasonable offer for first, I think he'd jump at.  By reasonable, I don't think he'll get close to whatever he paid for them, but in his view, paycheck continuance is better than money losing business continuance. Now we know why he put Faras in the hotseat so he could go sell whatever he can behind the scenes.  ...more  
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