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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 > Good, future is bright.
View:
Post by whisky11 on Jul 28, 2022 9:43am

Good, future is bright.

Working capital position of $13.0 million at quarter end remains strong.
 
CannMart is now approved for the sale of cannabis and cannabis-derived products from provincial and territorial bodies in Ontario, Alberta, British Columbia, Quebec, Manitoba, New Brunswick, Saskatchewan, Yukon, Nunavut and the Northwest Territories, which provides it with access to 95% of Canada’s population. CannMart is currently processing purchase orders for the country’s largest provinces
 
To date, the average 30-day churn on U.S. subscriptions has maintained below 20%, and customer acquisition cost has reduced by 61% since March. These two critical metrics and stable supply chain efforts will enable Mikra to scale more heavily in the coming quarters.
 
Mikra anticipates accelerating sales of CELLF™ as it ramps up marketing activities and expands distribution channels
Comment by randomtask on Jul 28, 2022 11:08am
They will need to raise money or continue selling assets in the next 2-4 months 
Comment by steveM45 on Nov 30, 2023 4:33pm
Now less than 1 mil cash left, which is why salaries are paid with free shares, no more offices, no budget for marketing anything. Actually, by now, they probably have about half a mil left.  They need to dilute every month just to pay $20k to some new scam company.
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