Lifeist Chairman’s Letter to Shareholders

August 15, 2024

TORONTO, Aug. 15, 2024 (GLOBE NEWSWIRE) —

Lifeist Wellness Inc.
(TSXV: LFST) (FRANKFURT: M5B0) (OTCMKTS: LFSWF)

My Fellow Shareholders,

In response to inquiries from many of you, we wish to set forth the reasoning behind the strategic decision to divest Lifeist of CannMart Inc. (“CannMart”) via a sale to Simply Solventless Concentrates Ltd. (“SSC”) under the terms of the agreement set forth in our press release of June 25, 2024.

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