Lifeist Wellness Stock (OTC:LFSWF), Quotes and News Summary

Q: What sector and industry does Lifeist Wellness (LFSWF) operate in?

Lifeist Wellness is in the Healthcare sector and Drug Manufacturers—Specialty & Generic industry. They are listed on the OTCQB.

Lifeist Wellness Stock (OTC: LFSWF) stock price, news, charts, stock research, profile.

Open	$0.004
Close	$0.004
Volume / Avg.	600.550K / 386.723K
Day Range	0.004 - 0.004
52 Wk Range	0.003 - 0.035
Market Cap	$2.376M
P/E Ratio	-
Dividend Yield	-
Exchange	OTC
RSI	0
Short Interest	-
Days to Cover	1

Recent News

Revenue Down, Margins Up: Lifeist's Q1 Financial Results Show Focus On Premium Products Curbed Revenue Drop

Lifeist Wellness' Q1 2024 financial results, highlight a strategic shift towards higher-margin products and improved efficiencies. Read now!

Patricio Liddle

Lifeist Reports Highest Quarterly Gross Profit In History, Continues To Diversify Its Wellness Business

Lifeist Wellness Inc. reported on Monday its financial results for the three and 12 months ended Nov. 30, 2023. The Toronto-based company said it achieved the highest quarterly gross profit in the company's history in the fourth quarter totaling CA$2 million ($1.5 million), representing a gross margin of 42%, compared to CA$1.9 million, or 31% gross margin, in the corresponding quarter of 2022."Our performance in the fourth quarter of 2023 reflects our strategic focus on high-margin activities and operational efficiency, resulting in the highest quarterly gross profit in our company's history," Meni Morim, CEO of Lifeist, said. "Though accompanied by unique hurdles, our focus towards enhancing gross profit has produced promising results." The company recently announced that it has entered into a definitive share purchase agreement with 1463663 B.C. Ltd., 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 CA$5 million.

Jelena Martinovic

Canadian Company Lifeist Says Farewell To Cannabis Business Unit, Turns To Nutraceuticals

Canadian wellness company Lifeist has agreed to sell its CannMart cannabis subsidiaries to 1463663 B.C. for $3.72m. The deal, which is expected to improve cash flow and operational costs, will see all shares of the CannMart Group transferred to the buyer. The consideration of $5m plus adjusted inventory will be paid to Lifeist as follows: $500,000 cash will be paid upon the transaction's completion, with a further $4.5m in a senior secured vendor takeback loan paid through monthly repayments. Additionally, Lifeist will receive equity warrants to acquire 9.9% of Tierra Corp's equity, as parent company of 1463663 B.C. Once the deal is finalised, Lifeist will be freed to operate in the nutraceutical sector, with North America's $88.3bn predicted to grow to $118.7bn by 2028, according to the company.

Jelena Martinovic

Financials

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EPS worse than industry

Earnings Per Share

EPS is the portion of a company's profit allocated to each outstanding share of common stock. It is a key metric for investors to assess a company's profitability.

Earnings Per Share

EPS is the portion of a company's profit allocated to each outstanding share of common stock. It is a key metric for investors to assess a company's profitability.

EPS worse than industry

FAQ

How do I buy Lifeist Wellness (LFSWF) stock?

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Who are Lifeist Wellness's (LFSWF) competitors?

There are no as such competitors for Lifeist Wellness.

What is the target price for Lifeist Wellness (LFSWF) stock?

There is no analysis for Lifeist Wellness.

Current Stock Price for Lifeist Wellness (LFSWF)?

The stock price for Lifeist Wellness (OTCQB: LFSWF) is $0.004 last updated May 16, 2024 at 3:58 PM EDT.

Does Lifeist Wellness (LFSWF) pay a dividend?

There are no upcoming dividends for Lifeist Wellness.

When is Lifeist Wellness (OTCQB:LFSWF) reporting earnings?

Lifeist Wellness does not have any upcoming earnings scheduled.

Is Lifeist Wellness (LFSWF) going to split?

There is no upcoming split for Lifeist Wellness.

What sector and industry does Lifeist Wellness (LFSWF) operate in?

Lifeist Wellness is in the Healthcare sector and Drug Manufacturers—Specialty & Generic industry. They are listed on the OTCQB.