Lifeist Acquires Zest Cannabis Brand
Portfolio Pulse from Vuk Zdinjak
Lifeist Wellness Inc. has acquired Zest Cannabis for $3.4 million in an all-stock transaction. The acquisition is expected to bring growth and innovation to CannMart, a subsidiary of Lifeist, through Zest's exceptional cannabis products. The deal was completed under an amended and restated share purchase agreement, with the company acquiring 100% of the issued and outstanding shares of Zest.
July 21, 2023 | 1:02 pm
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POSITIVE IMPACT
Lifeist Wellness Inc.'s acquisition of Zest Cannabis could potentially boost its growth and innovation, particularly in its subsidiary, CannMart.
The acquisition of Zest Cannabis by Lifeist Wellness Inc. is expected to bring an elevated level of growth and innovation to CannMart, a subsidiary of Lifeist. This could potentially increase the company's market share and profitability, which could have a positive impact on its stock price.
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