LIFEIST WELLNESS INC by Lifeist Wellness Inc.
(OTCQB:LFSWF)
$0.0073
0.0034[88.14%]
Last update: 9:28AM Get Real Time Here
LIFEIST WELLNESS INC by Lifeist Wellness Inc. recently split on Tuesday, May 21, 2024 with a ratio of 1:20
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LIFEIST WELLNESS INC by Lifeist Wellness Inc. Stock (OTC:LFSWF), Quotes and News Summary

LIFEIST WELLNESS INC by Lifeist Wellness Inc. Stock (OTC: LFSWF) stock price, news, charts, stock research, profile.

Open-
Close-
Volume / Avg.0 / 19.222K
Day Range- - -
52 Wk Range0.060 - 0.698
Market Cap-
P/E Ratio-
Dividend Yield-
ExchangeOTC
RSI
0
Short Interest-
Days to Cover1

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
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Financials

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LFSWF

FAQ

Q

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A

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Who are LIFEIST WELLNESS INC by Lifeist Wellness Inc.'s (LFSWF) competitors?

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There are no as such competitors for LIFEIST WELLNESS INC by Lifeist Wellness Inc..

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What is the target price for LIFEIST WELLNESS INC by Lifeist Wellness Inc. (LFSWF) stock?

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There is no analysis for LIFEIST WELLNESS INC by Lifeist Wellness Inc..

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Current Stock Price for LIFEIST WELLNESS INC by Lifeist Wellness Inc. (LFSWF)?

A

The stock price for LIFEIST WELLNESS INC by Lifeist Wellness Inc. (OTCQB: LFSWF) is $0.00388 last updated May 20, 2024 at 2:42 PM EDT.

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Does LIFEIST WELLNESS INC by Lifeist Wellness Inc. (LFSWF) pay a dividend?

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There are no upcoming dividends for LIFEIST WELLNESS INC by Lifeist Wellness Inc..

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When is LIFEIST WELLNESS INC by Lifeist Wellness Inc. (OTCQB:LFSWF) reporting earnings?

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LIFEIST WELLNESS INC by Lifeist Wellness Inc. does not have any upcoming earnings scheduled.

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Is LIFEIST WELLNESS INC by Lifeist Wellness Inc. (LFSWF) going to split?

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There is no upcoming split for LIFEIST WELLNESS INC by Lifeist Wellness Inc..