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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's portfolio of wellness companies leverages advancements in science and technology to enable consumers to find their individual path to wellness. Its portfolio business units include CannMart, which operates a business-to-business (B2B) wholesale distribution business facilitating recreational cannabis sales to Canadian... see more

TSXV:LFST - Post Discussion

Lifeist Wellness Inc > LFST is almost profitable.
View:
Post by whisky11 on Feb 01, 2023 9:36am

LFST is almost profitable.

They got from Alumina $150,000 in 15 November last year. Today they announced $260,000. So it's fair to say that in 2 and 1/2 months they needed to borrow $410,000 combine.

With MIKRA expansion in USA they're less than $500,000 in the red for a quarter(three months). That little losses, before sale in5000 stores in USA.

Comment by randomtask on Feb 01, 2023 10:09am
not even close :)  
Comment by randomtask on Feb 01, 2023 10:13am
you forgot the existing cash they also blew through :) what's your favourite flavour of crayon?  
Comment by whisky11 on Feb 01, 2023 10:43am
If they got  $150,000 in last November, wouldn't it tell you that they spend cash money before November 15 on the development of  commercialized/ industrial scale manufactured  CELLF?  LFST use cash made at ROILTY ,Cannmart and "line of credit "from Alumina for  this year expenses. This year the company run on profit from another branches, and loans from ...more  
Comment by steveM45 on Apr 17, 2024 4:12pm
As of the last ER, they hve a NEGATIVE working capital position.  Must be a LOT worse by now since no one will lend them anything. Any other drunken forecasts?
Comment by deet on Apr 18, 2024 3:33pm
Wow.....that last news release really stirred up a lot of excitement. It sent the share price flying.
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