Lifeist Completes Sale of CannMart to Simply Solventless Concentrates

The transaction allows Lifeist to focus on its core wellness mission while benefiting from SSC's cannabis market success.

Lifeist Wellness Inc. has finalized the sale of CannMart Inc. to Simply Solventless Concentrates Ltd. (SSC).
The sale includes a $500,000 cash payment, 2 million SSC securities units, and a $1.7 million promissory note.
SSC, known for its profitability and operational excellence, has shown six consecutive quarters of positive EBITDA.
Lifeist's CEO, Meni Morim, stated that the sale will enable Lifeist to concentrate on its core mission of transforming human wellness.
The transaction received necessary approvals from Lifeist's shareholders and the TSX Venture Exchange.