Lifeist Wellness Inc. Signs Agreements with Simply Solventless Concentrates Ltd.
TORONTO, June 25, 2024 (GLOBE NEWSWIRE) — Lifeist Wellness Inc. (“Lifeist” or the “Company”) (TSXV: LFST) (FRANKFURT: M5B) (OTCMKTS: LFSWF), a health-tech company that leverages advancements in science and technology to build breakthrough ventures that transform human wellness, is pleased to announce that each of the Company and CannMart Inc. (“CannMart”), the Company’s wholly owned Ontario subsidiary, has entered into a services agreement (the “Services Agreement”) and a share purchase agreement (the “SPA”) each dated June 25, 2024 with Simply Solventless Concentrates Ltd. (TSXV: HASH, hereinafter “SSC”), an arm’s length party, for SSC to provide operational support services to CannMart pending SSC’s acquisition of CannMart pursuant to the SPA. CannMart operates a B2B wholesale distribution business facilitating recreational cannabis sales to Canadian provincial government control boards.
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