- Lifeist’s (LFST) cannabis business unit, CannMart Labs, has successfully introduced a second new product category to market
- CannMart continues to execute on its growth strategies and is launching live resin vapes, a third product category, this September
- Labs’ fourth product category, THCa diamonds, is executing its R&D phase, with purchase orders from provincial buyers anticipated in the fiscal fourth quarter of 2022
- Lifeist is a portfolio wellness company leveraging advancements in science and technology
- Lifeist Wellness Inc. (LFST) is up 19.57 per cent, trading at C$0.138 per share at 12:09 pm ET
Lifeist’s (LFST) cannabis business unit, CannMart Labs, has introduced a second new product category to market.
The first new product in the new category, in-house branded Roilty Wedding Shatter, has shipped to retailers in Saskatchewan. It is a key part of CannMart’s focus on higher margin revenue streams with the goal to improve profitability. Lab produces Shatter through its’ state-of-the-art BHO extraction facility.
CannMart continues to execute on its growth strategies and is launching live resin vapes, a third product category, this September. This product has also received purchase orders in Saskatchewan.
Labs’ fourth product category, THCa diamonds, is executing its R&D phase, with purchase orders from provincial buyers anticipated in the fiscal fourth quarter of 2022. THCa diamonds are sought after within the cannabis concentrates segment, as being the purest form of THC. It is capable of achieving a 99.9 per cent potency.
Labs introduced its first product category, Live resin, to market in the fiscal fourth quarter of 2021.
Daniel Stern, CEO of CannMart, commented on the announcement.
“Along with entrance into new provinces and territories, we believe that by focusing on higher-margin SKUs, we can accelerate CannMart’s path to profitability. We look forward to the introduction of live resin vapes and THCa diamonds over the coming months.”
At present, CannMart’s award-winning proprietary Roilty brand offers a total of 18 products available in nine provinces and territories across Canada. Roilty is currently ranked #2 on the “Best Selling Concentrates – Premium Dabbables” list at one of the top Canadian cannabis retail chains, with its Labs, which produced Priest’s Punch Live Resin.
Lab produces most of the Roilty branded products at its state-of-the-art 6,000 square foot BHO extraction facility, located in Etobicoke, Ontario.
Lifeist is a portfolio wellness company leveraging advancements in science and technology.
Lifeist Wellness Inc. (LFST) is up 19.57 per cent, trading at C$0.138 per share at 12:09 pm ET.
