![]() Information on Lifeist and its businesses can be accessed through the links below:Įmail: the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release or has in any way approved or disapproved of the contents of this press release. Portfolio business units include: CannMart, which operates a B2B wholesale distribution business facilitating recreational cannabis sales to Canadian provincial government control boards including for CannMart Labs, a BHO extraction facility producing high margin cannabis 2.0 products Australian Vapes, one of Australia’s largest online retailers of vaporizers and accessories and Mikra, a biosciences and consumer wellness company developing and selling innovative therapies for cellular health. Sitting at the forefront of the post-pandemic wellness revolution, Lifeist leverages advancements in science and technology to build breakthrough companies that transform human wellness. The Company remains dedicated to providing innovative and high-quality wellness solutions to its consumers. ![]() Lifeist continues to make strides in the cannabis market through the success of its subsidiary, CannMart Inc., and the growth of partner brands Zest Cannabis and Rilaxe. Sources: Headset, Trellis, Ontario Cannabis Store (OCS), and internal data. Rilaxe will also enter the fast-growing canna-blunts sub-category with their Berri Blunts (3 x 0.7G) pre-rolls.In Ontario, Rilaxe will expand its offerings with a retro pop-culture inspired edibles collection, including 1:1 Sour Peach, 1:1 Sour Cherry, and an exciting spicy orange rice cracker 1:1 Spicy Firecrackers.The launch of 7 SKUs in Quebec early in Q4 2023, featuring additional dried fruit and vegetable products with a 2:1 THC to CBD ratio plus bulk CBD products.Rilaxe has also experienced success across Canada, and plans to expand its product range by Q4 2023, including: Zest achieved store penetration of 25% in Manitoba and Saskatchewan, while Alberta and Ontario experienced store penetration of 16%, with a combined increase of 130 stores in the last 15 days.Ontario offers 5 SKUs, including 2 Liquid Diamond vapes, 2 multi-pack infused pre-rolls, and 1 infused milled flower.Alberta now offers 10 SKUs including 4 Liquid Diamond vapes and 6 infused pre-roll multipacks,.From the brand launch, Zest has increased SKU count in the 2 largest cannabis markets:.Zest’s #1 selling SKU, Pink Lemon Liquid Diamond Vape, achieved 14% month-over-month growth in April in all listed provinces since launch.Zest product sales grew at an average rate of 11% month-over-month in April across Ontario, Alberta, Saskatchewan, Manitoba, Northwest Territories, Nunavut and Yukon.Zest Cannabis has exhibited growth in the popular infused pre-rolls and extract vape categories, with the following achievements: We look forward to the continued market growth and product expansion within the cannabis business unit.” “These two leading brands are well known and cater to cannabis connoisseurs and health-conscious enthusiast alike. “Zest and Rilaxe are great additions to CannMart’s brand portfolio meeting internal targets and driving growth within their respective market categories," said Meni Morim, CEO of Lifeist. I look forward to continue to work with these brands to grow market share and expand beyond traditional product categories." Zest and Rilaxe are complimentary to CannMart’s best-selling concentrate brand, Roilty, with Zest offering premium quality extract-infused pre-roll and Liquid Diamond vape products, and Rilaxe with health-conscious dried fruit edibles and soon canna-cigar Rilaxe Berri Blunts. “These two brands are playing an important role driving sales for CannMart and have become valuable additions to our growing portfolio. ![]() “I am pleased with the progress of both Zest and Rilaxe as they continue to experience sales growth and product expansion in important markets and categories,” said Daniel Stern, CEO of CannMart, Inc. Zest has achieved average store penetration of 20% across Canada, with Rilaxe achieving 30% market penetration in Manitoba and Saskatchewan, with new SKUs expected to launch in Ontario and Quebec by the end of the year. (“CannMart”), is delivering strong sales growth and product breadth expansion from partner brands Zest Cannabis (“Zest”) and Rilaxe. (“Lifeist” or the “Company”) (TSXV: LFST) (FRANKFURT: M5B) (OTCMKTS: LFSWF), a health-tech company that leverages advancements in science and technology to build breakthrough companies that transform human wellness, is pleased to announce that its subsidiary, CannMart Inc. TORONTO, (GLOBE NEWSWIRE) - Lifeist Wellness Inc.
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