Cannabis technology and expo events firm
Lift & Co. (
TSXV: LIFT) says it plans to
pursue an "asset-light strategic plan" to help streamline its operations as a result of the COVID-19 pandemic.
The company announced it’s exploring new ways to partner with third parties for its CannSell, Lift.co, and Cohesion lines of business. The Toronto-based company recently entered a service partnership with MCI USA for its event business.
Lift also reported its management will receive a total of 2.2 million stock options in lieu of salary over an undefined period. The options are exercised at $0.02 a share – the identical price at which it closed Friday trading on the TSX Venture Exchange.