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Lifeist Wellness ( (TSE:LFST) ) has provided an update.
Lifeist Wellness Inc. announced a change to its board of directors with John Sinclair stepping down as director and chair of the audit committee. Branden Spikes, a current director with extensive experience working with Elon Musk, has been named interim chair of the audit committee, potentially bringing a fresh perspective and skill set to the company’s leadership.
Spark’s Take on TSE:LFST Stock
According to Spark, TipRanks’ AI Analyst, TSE:LFST is a Neutral.
Lifeist Wellness faces significant financial hurdles, with ongoing losses and a shrinking asset base posing risks to its long-term viability. Despite the bearish technical indicators and challenging valuation, recent strategic initiatives aimed at revitalizing growth provide some optimism. The high volatility and lack of profitability, however, warrant caution for potential investors.
To see Spark’s full report on TSE:LFST stock, click here.
More about Lifeist Wellness
Lifeist Wellness Inc. is a company at the forefront of the post-pandemic wellness revolution, acquiring, integrating, and building top wellness brands to enhance global well-being. Its key asset is Mikra Cellular Sciences Inc., a U.S. biosciences subsidiary focused on developing and selling innovative wellness products.
Average Trading Volume: 38,483
Technical Sentiment Signal: Sell
Current Market Cap: C$3.03M
Find detailed analytics on LFST stock on TipRanks’ Stock Analysis page.