Business

CannMart Inc.Lifeist Cannabis B2B subsidiary signs supply contract with Quebec Government of Canada Business Journal

Toronto, March 8, 2022 (GLOBE NEWSWIRE) — Lifeist Wellness Inc. (“Lifeist” or “Company”) (TSXV: LFST) (FRANKFURT: M5B) (OTCMKTS: NXTTF)CannMart Inc, a wholly owned subsidiary, is a health technology company that can leverage advances in science and technology to find its way to wellness. (“Cann Mart”) has announced that it has signed a supply contract with its only retailer, SQDC. A licensed cannabis product distributor in Quebec, Canada’s second most populous state.

As a result of this agreement, CannMart is now a member of the cannabis management committee of the provinces of Ontario, Quebec, Alberta, British Columbia, Manitoba, New Brunswick, Saskatchewan, and Yukon, Northwest Territories, and Nunavut. We maintain supply contracts with associations and retailers. , Configure access to 95% of Canada’s population.

CannMart and SQDC are currently negotiating purchase orders with a view to six SKUs reaching SQDC 81 and counting retail stores across Quebec by the end of summer 2022.

Daniel Stern, CEO of CannMart, said: “Our innovative model allows CannMart to provide a concrete solution to Canada’s cannabis supply chain.”

Lifeist CEO Meni Morim said: We congratulate the team on achieving this latest achievement and look forward to Quebec’s contribution to CannMart’s growing revenue and gross margins. “

Lifeist Wellness Inc.about

At the forefront of the post-pandemic wellness revolution, Lifeist is a portfolio of wellness companies that leverages advances in science and technology to enable individuals to find their personal path to wellness. Portfolio business units include: Cann Mart runs a B2B wholesale distribution business that promotes recreational sales to the Canadian province’s governing board. CannMart Labs, a BHO extraction facility for producing high margin cannabis 2.0 products. The CannMart.com Marketplace provides US customers with access to hemp-derived CBD and smoking accessories. Australian Vapes, the country’s largest online retailer of vaporizers and accessories. Findify is a search and discovery platform that utilizes major AI. Mikra, a bioscience and consumer wellness company seeking to develop innovative therapies for cell health and recovery.

Information about Lifeist and its businesses can be found at the links below.

www.lifeist.com
www.cannmart.com
www.australianvaporizers.com.au
www.wearemikra.com

contact address

Lifeist Wellness Co., Ltd.
Meni Morim, CEO
Matt Chesler, CFA, Investor Relations
Ph: 647-362-0390
Email: ir@lifeist.com

Neither the TSX Venture Exchange nor its Regulatory Service Providers (the term is defined in the TSX Venture Exchange Policy) are responsible for the validity or accuracy of this release and approve or disapprove the content of this press release. I will not. ..

Information about the future outlook

This news release contains “forward-looking information” in the sense of applicable securities law. All non-historical statements contained in this document contain information about the future outlook. Information about the future outlook is “may”, “expect”, “likely”, “should”, “do”, “plan”, “expect”, “intended”. , “Possible,” “suggested,” “estimate,” “believe,” or negation of these terms, or other similar words, expressions, and grammatical variations, or specifics thereof. The statement that the event or condition of is “may occur” or “occurs”.

The forward-looking information contained herein includes, but is limited to, statements regarding CannMart and its business, including the execution of purchase orders with SQDC, and the expected continued growth of the CannMart business. not. Also, the expected continued increase in demand for recreational cannabis products in Canada, the continued development of the business as expected, the SQDC, and other considerations that may be appropriate depending on the situation. While we believe these assumptions are reasonable based on the information currently available to management, there is no guarantee that such expectations will be proven to be correct. By its nature, information about future prospects is general or specific, and the impact of inherent risks and uncertainties that may result in expectations, forecasts, forecasts, forecasts, or conclusions that may not be proven to be accurate. Receive. Correctly, its objectives, strategic goals and priorities are not achieved. Due to a variety of factors, including known and unknown risks, many are beyond our control and actual results may differ materially from the forward-looking information in this press release. Such factors are expected to be the inability to conclude a purchase with SQDC according to the expected timeline, if any, the difficulty of fulfilling it by CannMart, and if such a contract is signed. Includes, but is not limited to, financial achievement failures. The profit from it. Additional risk factors are also listed in our current MD & A and annual information forms. Both of these have been submitted to our SEDAR profile at www.sedar.com. Readers should be careful not to overly rely on information about future prospects. We undertake no obligation to update or revise any forward-looking information as a result of new information, future events, etc., except as required by applicable law. The forward-looking statements contained in this news release are explicitly modified by this notice.

Source: Lifeist Wellness Inc.


CBJ News Maker

CannMart Inc.Lifeist Cannabis B2B subsidiary signs supply contract with Quebec Government of Canada Business Journal

Source link CannMart Inc.Lifeist Cannabis B2B subsidiary signs supply contract with Quebec Government of Canada Business Journal

Related Articles

Back to top button