Lifeist's U-Turn On Plan To Move Away From Cannabis Industry As It Buys Vaporizer Technology
Portfolio Pulse from Nina Zdinjak
Lifeist Wellness (OTC:LFSWF) has acquired 4871 Ontario Corp., marking a reversal from its plan to exit the cannabis industry. The acquisition includes vaporizer technology and a pending patent application, offering potential growth in the high-potency cannabis concentrates market.
August 19, 2024 | 2:29 pm
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Lifeist Wellness has acquired 4871 Ontario Corp., which holds vaporizer technology and a pending patent application. This acquisition marks a shift from Lifeist's previous plan to exit the cannabis industry, providing potential growth in the high-potency cannabis concentrates market.
The acquisition of vaporizer technology and a pending patent application suggests Lifeist is not moving away from the cannabis industry as previously planned. This could lead to growth opportunities in the high-potency cannabis concentrates market, which is projected to grow significantly. The market's positive outlook and Lifeist's strategic acquisition could positively impact its stock price.
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