Lifeist Wellness (TSE:LFST) has released an update.
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Lifeist Wellness Inc. announces the strategic sale of its subsidiary CannMart to Simply Solventless Concentrates Ltd., promising direct value realization and a focus on future profitability. The sale aims to alleviate the financial strain from the challenging Canadian cannabis market and position Lifeist for potential cash flow positivity by concentrating resources on its Mikra Cellular Sciences venture.
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