Lifeist’s CannMart subsidiary has become the exclusive B2B distributor in Canada for Hamilton Devices, a leading US manufacturer and supplier of hardware focused on Extracts. Canadian Business Journal

TORONTO, OCTOBER 31, 2022 (GLOBE NEWSWIRE) — Lifeist Wellness Inc. (“Lifeist” or “we”) (TSXV: LFST) (FRANKFURT: M5B) (OTCMKTS: NXTTF)CannMart Inc. (“CannMart”), its wholly-owned Canadian cannabis business unit, today announced that announced that it has entered into a distribution agreement with Hamilton. The device is one of the leading US manufacturers and suppliers of Ark He hardware. The deal makes CannMart the first Canadian distributor of Hamilton Devices’ full portfolio of innovative consumer products, with a focus on e-cigarette hardware products across Canada through October 2024. , is granted exclusivity for the first six months.

Hamilton Devices is internationally recognized as a leading innovator in vaporizer technology, delivering extracts such as distillates, live resins and grinds through industry-wide 510 thread carts. The company manufactures cost-effective, easy-to-use, multifunctional devices that help everyday consumers enjoy concentrated products without having to invest heavily in vape hardware or traditional dabbing tools. An example of the company’s standout innovation is the Starship, a modern device that allows consumers to vape three carts containing concentrates from three different categories at once. A recent Instagram video featuring Starship has gone viral, and in his first three weeks he has over 26,000 likes and his over 820,000 views, including over 400 comments. Hamilton Devices says its innovative products are sold at approximately 100,000 retailers nationwide.

CannMart plans to leverage its master distributor status to sell Hamilton Devices products directly to its growing retail network of over 2,500 stores across Canada.

CannMart CEO Daniel Stern said: “This is CannMart’s first ancillary B2B distribution deal, and given the dropship nature of the relationship, it is focused on higher margin activities, meaning no warehousing, inventory and delivery costs. Building on this, CannMart is expanding its direct sales and marketing activities to include its in-house concentrate brand Roilty, which is diverse in award-winning SKUs.”

Lifeist CEO Meni Morim said: “Giving consumers a safe and convenient new way to try and consume our extract products will not only delight our customers, but will help us grow our core cannabis business faster and more efficiently. The Hamilton Devices product line fits perfectly into CannMart’s existing portfolio and sales process, and we look forward to the results of this new agreement.”

Canadian retailers who are not yet part of the CannMart store network and are interested in adding Hamilton devices to their products should contact CannMart. [email protected].

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 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 relating to the growth of the Canmart business; 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. 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.

CBJ Newsmaker