- Lifeist’s (LFST) Canadian business unit, CannMart Inc., is advancing wholesale distribution for its exclusive partnership with Hamilton Devices
- This portal makes these products available to a wider range of customers, including head shops, vape and smoke shops, convenience stores including gas stations, and other retailers that sell cannabis accessories
- The on-trade network of retailers capable of selling cannabis accessories exceeds 10,000 across Canada
- Lifeist Wellness Inc. (LFST) was trading at C$0.06 per share at 10:10 am ET
Lifeist’s (LFST) Canadian business unit, CannMart Inc., is advancing wholesale distribution for its exclusive partnership with Hamilton Devices.
A business-to-business portal for accepting wholesale orders was launched based on the initial success CannMart saw since becoming the exclusive Canadian distribution partner for Hamilton Devices last autumn.
Leveraging its existing wholesale distribution channel, this portal makes these products available to a wider range of customers, including head shops, vape and smoke shops, convenience stores, including gas stations, and other retailers that sell cannabis accessories.
By focusing promotions and client-building through these on-trade opportunities, the company expects to broaden opportunities for expanding Hamilton Devices across Canada beyond the 3,700 cannabis-specific stores. The on-trade network of retailers capable of selling cannabis accessories exceeds 10,000 across Canada.
As the exclusive distributor in Canada, the business-to-business portal provides direct-to-retailer sales for Hamilton Devices cannabis accessories, including unique to-market, proprietary technology, reaching consumer goods retailers outside of the cannabis retailer network.
Daniel Stern, CEO of CannMart, commented that the new platform is an easy-to-access portal for accepting wholesale orders for Hamilton Devices and opens up opportunities across the provinces for his company, making it possible to manage sales through all appropriate trade channels.
“We’re leveraging our already established processes and channels, so we can execute this marketplace with low overhead, allowing for greater margins and overall revenue from the partnership. On top of the growing sales in our current verticals that we are already seeing in the first quarter of 2023, we expect this expansion into exciting new verticals to provide additional growth over the coming quarters.”
Lifeist Wellness is a portfolio wellness company leveraging advancements in science and technology.
Lifeist Wellness Inc. (LFST) was trading at C$0.06 per share at 10:10 am ET.