Bullboard - Stock Discussion Forum Lifeist Wellness Inc V.LFST

Alternate Symbol(s): LFSWF

Healthcare Biotechnology Cannabis Health Care

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

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TSXV:LFST - Post Discussion

Lifeist Wellness Inc > Lifeist Announces Sale of CannMart

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Post by Betteryear2 on Feb 02, 2024 11:05am

Lifeist Announces Sale of CannMart

TORONTO, Feb. 02, 2024 (GLOBE NEWSWIRE) -- Lifeist Wellness Inc. (“Lifeist” or the “Company”) (TSXV: LFST) (FRANKFURT: M5B) (OTCMKTS: LFSWF), a health-tech company that leverages advancements in science and technology to build breakthrough ventures that transform human wellness, today announced it has entered into a definitive share purchase agreement (the “SPA”) with 1463663 B.C. Ltd. (the “Buyer”), a newly-incorporated affiliate of Tierra Corp., and the Company’s Canadian cannabis subsidiaries, collectively referred to as the “CannMart Group”, to divest and sell all of the shares of the CannMart Group to the Buyer for total aggregate consideration of CAD $5 million (“the Transaction”), subject to certain adjustments, plus the adjusted value of inventory at the time of closing.

Lifeist Announces Sale of CannMart (globenewswire.com)

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