Lifeist’s CannMart Achieves Product Portfolio Expansion in Ontario and Alberta, The Canadian Business Journal

TORONTO, December 1, 2022 (GLOBE NEWSWIRE) — Lifeist Wellness Inc. (“Lifeist” or “we”) (TSXV: LFST) (FRANKFURT: M5B) (OTCMKTS: NXTTF)a healthtech company that leverages advances in science and technology to build breakthrough companies that transform human health, today announced the acquisition of Canadian cannabis companies, including wholly-owned subsidiaries CannMart Inc. and CannMart Labs Inc. Provided an update on the progress achieved by the business units (together, “Canmart”).

CannMart continues to commercialize its Roilty brand in nine provinces: British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Prince Edward Island, Yukon, Northwest Territories and Nunavut. We have 22 SKUs for sale in the Territory. Most of the Roilty branded products are produced at his state-of-the-art 6,000-square-foot BHO extraction facility at his CannMart in Etobicoke, Ontario.

Ontario – CannMart has completed the first shipment of Roilty branded shutter duopacks in Ontario, bringing the number of Roilty products in the Ontario market to four. The Roilty shatter duo-pack is one of the first in Ontario (0.5G each of Catacomb Kush + Mountain Kush in this case). In addition, we will be launching three new Roilty products (Life Resin duopacks: Priest’s Punch and Roil Purple Berry live resin; Vape due-pack: Hawaiian Thunder and Imperial Peach) from our Ontario Cannabis Store (“OCS”) in January 2023. , Royle Wedding Shutter 1G) is specified in the official purchase notice received in September 2022, with the first shipment arriving in February 2023. By the end of February 2023, we will have a market in Ontario, Canada’s largest province by population.

Alberta – CannMart has shipped all e-cigarette products in response to intent-to-buy purchase orders received from the Alberta Gambling, Alcohol and Cannabis Commission (“AGLC”) in September. Product launches include the Roil Purple Berry Live Resin vape, the Dragonfruit Distillate vape, and the Mountain Kush crushed vape. CannMart currently sells 15 Roilty SKUs with his AGLC in Alberta.

Also in Alberta, CannMart has received formal intent to purchase THCa diamonds, the company’s fourth product category, from AGLC. Once the purchase order is received, CannMart will begin shipping and use AGLC to increase the number of Roilty SKUs in the Alberta market from 15 to 16.

CannMart CEO Daniel Stern said, “CannMart’s in-house Roilty brand continues to gain traction among consumers in Canada’s two largest recreational cannabis markets, Ontario and Alberta, and across Canada. “We are expanding our offering in these markets with new product innovations and new packaging. In addition, Roilty won three categories in the 2022 ADCANN Awards: LP Brand of the Year, Best Social Media, Nominated for Best Brand Marketer.(Roilty fans can support us by voting here.) These achievements should help Roilty keep its momentum going.Canadian Consumption high demand from

Lifeist CEO Meni Morim said: future. We look forward to CannMart’s continued contribution as we move forward towards our profitability goals. ”

Regarding Issuance of Shares in Acquisition of CannMart Labs Inc.

The Company intends to issue a total of 3,833,570 shares of common stock (issued at a deemed price of $0.0703 equal to the seven-day volume-weighted average) as payment for the eighth tranche of the remaining base purchase price with no holding period. Issued to vendors under a stock purchase agreement for the acquisition of CannMart Labs Inc. This issuance will be considered equity for debt trading under the policies of the TSX Venture Exchange (“TSX-V”) and will be subject to TSX-V. Approved.

Minecraft update

Mikra Cellular Sciences, Inc. (Mikra), a wholly owned subsidiary of Lifeist, plans to launch its latest product, RESCUE, on www.wearemikra.com in mid-December. To be more certain, RESCUE is an independent, standalone formulation of Mikra and is not part of an exclusive and exciting partnership with Jose Bautista.Mikra’s third new product to be developed in collaboration with Mr. , a sports performance and recovery formula, is in the final stages of development and the team looks forward to sharing more details in the future.

About Lifeist Wellness Co., Ltd.

Lifeist is at the forefront of the post-pandemic wellness revolution, leveraging advances in science and technology to build breakthrough companies that transform human wellness. Portfolio business units include: CannMart operates a B2B wholesale distribution business that facilitates the sale of recreational cannabis to provincial government control boards in Canada, including CannMart Labs, a BHO extraction facility that produces high-margin cannabis 2.0 products. . He owns one of Australia’s largest online retailers of vaporizers and accessories, Australian Vapes. Mikra is a bioscience and consumer wellness company that develops and markets innovative therapeutics for cellular health.

Information about Lifeist and its businesses can be accessed through the links below.

www.lifeist.com
https://cannmart.com
https://www.roilty.co
www.australianvaporizers.com.au
www.wearemikra.com

contact address

Meni Morim, CEO, Lifeist Wellness Inc.
Matt Chesler, CFA, FNK IR, Investor Relations
Phone: 647-362-0390
Email: [email protected]

Neither the TSX Venture Exchange nor its regulated service providers (as those terms are defined in the TSX Venture Exchange Policy) are responsible for the adequacy or accuracy of this release. .

Forward-Looking Information

This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not historical in nature contain forward-looking information. Forward-looking information is classified as “likely,” “expect,” “likely,” “should,” “will,” “plan,” “expect,” and “intend.” “will”, “may”, “proposed”, “estimate”, “believe” or any negative form of these terms or other similar words, expressions and grammatical variations thereof, or A statement that a particular event or condition “may occur” or “will occur.”

Forward-looking information contained herein includes, but is not limited to, statements regarding expected purchase orders for three new Roilty products from OCS and expected orders for THCa diamonds from AGLC. not. His Mikra plans to launch RESCUE in mid-December, and our expectations regarding the development of a third product in our first collaboration with Mr. Bautista, are made as of the date of this news release. Based on the assumptions that management believes: This includes expectations that OCS and AGLC will submit purchase orders in a timely manner, that RESCUE will launch as expected, and that his third product will be developed in a short period of time. but not limited to: As expected, his Mikra cellular health products developed by our company were developed and marketed in a timely manner as expected, gaining market acceptance along with the expansion of the market for nutritional supplements, and we believe that the nutritional supplement market will continue to develop. I expect As currently projected, the dietary supplement market will continue to be a multi-billion dollar, high-margin market. New products and brand growth generate additional revenue. Although these assumptions are believed by management to be reasonable based on currently available information, there can be no assurance that such expectations will prove correct. By their nature, forward-looking information is subject to inherent risks and uncertainties, either general or specific, and it is possible that expectations, projections, projections, forecasts or conclusions may not prove to be accurate, or assumptions made. may be incorrect. If it’s not right, objectives, strategic goals and priorities will not be met. There are many factors, including known and unknown risks, many of which are beyond our control that could cause actual results to differ materially from the forward-looking information contained in this press release. Such factors include the inability to receive expected purchase orders from OCS and AGLC, Mikra’s inability to launch RESCUE by mid-December 2022, and timely completion of development of its third product. continue to develop Mikra’s overall business; unforeseen changes to current regulations that adversely affect Mikra’s business; unforeseen developments that delay Mikra’s ability to develop and market other dietary supplements; , the risk of losing the expected demand for nutraceuticals in general, and those in particular, Mikra’s growth, including consumer uptake, will not develop as expected and the Company’s ability to execute its business strategy and what is feasible therefrom. It is the risk associated with the potential benefits. Additional risk factors are also described in the Company’s current MD&A filed in his SEDAR profile at www.sedar.com. Readers are cautioned not to place undue reliance on forward-looking information. We undertake no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law. Any forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

Source: Lifeist Wellness Co., Ltd.

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