Lifeist Wellness Inc. (V:LFST*CA)

Business Focus: Medical Farming

Sector:  Healthcare Industry:  Healthcare Facilities & Services
See Regulatory Filings on SEDAR
Company Contact
Address: 365 Bloor Street East, Suite 2001
Tel: N/A
IR: See website
Key People
Meni Morim
Chief Executive Officer, Director
Slava Klems
Chief Financial Officer
Faraaz Jamal
Chief Operating Officer
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 of brands include CannMart Inc. (CannMart), a distributor of licensed and in-house branded adult-use cannabis and cannabis derived products; CannMart Marketplace Inc., through a subsidiary operates, an online marketplace for hemp-derived cannabidiol (CBD) and accessories; CannMart Labs Inc., (Labs), licensed facility for butane hash oil (BHO) extraction within Canada; Findify, an artificial intelligence powered technology platform, delivering solutions such as personalized search, recommendations, and advanced data analytics; Australian Vapes (, online supplier of hardware, including vaporizers, and related accessories, and Mikra, Cellular Sciences Inc., a biosciences and consumer wellness subsidiary.
Financial Overview
For the three months ended 28 February 2022, Lifeist Wellness Inc revenues decreased 1% to C$5.5M. Net loss decreased 38% to C$4.6M. Revenues reflect Namaste Vapes segment decrease from C$945K to C$0K, Namaste MD segment decrease of 68% to C$16K, Europe segment decrease of 84% to C$175K, Other segment decrease of 8% to C$9K. Lower net loss reflects Inventory write-down decrease of 91% to C$58K (expense).
Employees: 72 as of Nov 30, 2020
Reporting Currency: Canadian Dollars
Enterprise value: $12.49M as of Feb 28, 2022
Annual revenue (TTM): $22.76M as of Feb 28, 2022
EBITDA (TTM): -$19.88M as of Feb 28, 2022
Net annual income (TTM): -$20.99M as of Feb 28, 2022
Free cash flow (TTM): -$19.63M as of Feb 28, 2022
Net Debt Last Fiscal Year: N/A
Shares outstanding: 412,398,707 as of Mar 17, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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