Lifeist Wellness Stock Down On Announcing Earnings Estimates For Q3 2021

Lifeist Wellness Inc. (TSXV: LFST) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF), previously known as Namaste Technologies Inc., announced Wednesday that it anticipates gross revenue for the fiscal third quarter ended August 31 will be roughly $7 million, representing a year-over-year increase of approximately 12% and a sequential growth of $6.3 million.

Based in Toronto, the company attributed the revenue growth to its wholly-owned subsidiary, CannMart Inc.

"CannMart is experiencing strong demand for its portfolio of products from consumers, retailers and provincial wholesalers across Canada," Meni Morim, CEO of Lifeist, said, adding that the company is "on track to launch …

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