Sector: Healthcare | Industry: Healthcare Facilities & Services |
See Regulatory Filings on SEDAR |
Company Contact | |
Address: | 365 Bloor Street East, Suite 2001 TORONTO ON M4W 3L4 |
Tel: | N/A |
Website: | https://lifeist.com/home/default.aspx |
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 CannMart.com, 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 (AustralianVaporizers.com.au), 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 |