Sector: Healthcare | Industry: Healthcare Facilities & Services |
Company Contact | |
Address: | 666 Burrard St #2500 VANCOUVER BC V6C 2X8 |
Tel: | N/A |
Website: | https://lifeist.com/home/default.aspx |
IR: | See website |
Key People | ||
Meni Morim Chief Executive Officer, Director | John C. Sinclair Chief Financial Officer, Director |
Business Overview |
Lifeist Wellness Inc. is a Canada-based health-tech company. The Company's portfolio of wellness companies leverages advancements in science and technology to enable consumers to find their individual path to wellness. Its portfolio business units include CannMart, which operates a business-to-business (B2B) wholesale distribution business facilitating recreational cannabis sales to Canadian provincial government control boards including for CannMart Labs, a butane hash oil (BHO) extraction facility producing high margin cannabis 2.0 products; Australian Vaporizers, an online retailers of vaporizers and accessories in Australia; CannMartMD, a Health Canada compliant telemedicine application, providing an integrated patient portal with remote access to healthcare practitioners; Lifeist Vapes, which sells herbal vaporizer hardware and ancillary products in Europe and Canada, and Mikra, a biosciences and consumer wellness company developing and selling therapies for cellular health. |
Financial Overview |
For the nine months ended 31 August 2023, Lifeist Wellness Inc revenues increased 7% to C$16.9M. Net loss before extraordinary items decreased 25% to C$7.9M. Revenues reflect Australian Vaporizers segment increase from C$1.9M to C$5.1M, CannMart segment increase of 24% to C$10.7M, Australia segment increase from C$1.9M to C$5.1M, Northern America segment increase of 31% to C$11.8M. |
Employees: | 72 as of Nov 30, 2020 |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $2.44M as of Aug 31, 2023 |
Annual revenue (TTM): | $23.17M as of Aug 31, 2023 |
EBITDA (TTM): | -$10.14M as of Aug 31, 2023 |
Net annual income (TTM): | -$16.01M as of Aug 31, 2023 |
Free cash flow (TTM): | -$3.28M as of Aug 31, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 591,087,243 as of Mar 22, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |