Lifeist Sells CannMart To Simply Solventless To Focus On Its 'Core Mission Of Transforming Human Wellness'
Portfolio Pulse from Nina Zdinjak
Lifeist Wellness Inc. has sold its CannMart business to Simply Solventless Concentrates Ltd. to focus on its core mission of transforming human wellness. The sale includes a $500,000 cash payment, 2 million units of Simply Solventless, and a $1.7 million promissory note. Lifeist aims to allocate more resources towards growing Mikra while benefiting from Simply Solventless' success.
September 13, 2024 | 12:19 pm
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Lifeist Wellness Inc. has completed the sale of CannMart to Simply Solventless, allowing it to focus on its wellness mission. The transaction includes cash, shares, and a promissory note, potentially benefiting Lifeist's financial position.
The sale of CannMart allows Lifeist to focus on its core mission and potentially improve its financial position with the cash, shares, and promissory note received. This strategic move is likely to be viewed positively by investors, leading to a potential short-term increase in stock price.
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