Roilty Brand Award Win
The annual industry awards, which are voted on by both industry peers and the public and saw over 100,000 votes cast nationwide, celebrate the best in marketing and advertising across Canada’s cannabis industry. The win comes only months after the initial launch by Lifeist’s wholly owned subsidiary
CannMart B2B Business 2021 Growth
The ADCANN award caps a calendar year of solid progress for Lifeist’s cannabis businesses, particularly CannMart’s business-to-business (B2B) platform, which has solidified CannMart’s role as a pre-eminent, value-adding distribution platform in the Canadian cannabis market, that connects LP’s (licensed producers) and brands with provincial government control boards and independent retailers. Lifeist believes that CannMart’s solid performance is attributable to having a business model that is unique in the Canadian cannabis space; CannMart retains a sales and distribution license, but does not engage in any cannabis cultivation, focusing on a lower cost distribution business model.
Provincial Government Control Boards
CannMart now maintains supply agreements with provincial government cannabis control boards and retailing bodies in the provinces of
CannMart B2B Clients
As of
CannMart B2B Financial Performance
Collectively, CannMart’s B2B revenue stream represented approximately 90% of Lifeist’s cannabis revenue for the nine months ended
Labs began commercial production in
“Winning LP Brand of the Year for Roilty is a great accomplishment for our cannabis business,” commented
Added
About
Sitting at the forefront of the post-pandemic wellness revolution, Lifeist is a portfolio of wellness companies leveraging advancements in science and technology to enable individuals to find their personalized path to wellness. Portfolio business units include: CannMart, which operates a B2B wholesale distribution business facilitating recreational sales to Canadian provincial government control boards;
Information on Lifeist and its businesses can be accessed through the links below:
www.lifeist.com
www.cannmart.com
www.australianvaporizers.com.au
www.wearemikra.com
Contacts
Ph: 647-362-0390
Email: ir@lifeist.com
Neither the
Source:
Forward Looking Information
This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not historical in nature contain forward-looking information. Forward-looking information can be identified by words or phrases such as “may”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen.
The forward-looking information contained herein, including, without limitation, statements related to the Company’s expected continued growth of its cannabis B2B business and expectations relating to Labs’ production of cannabis 2.0 products, are made as of the date of this press release and is based on assumptions management believed to be reasonable at the time such statements were made, including, without limitation, management’s perceptions of Lifeist’s standing in the online marketplace for cannabis products, Lifeist’s beliefs regarding the quality of its management, the strides the Company has made in its operations and the quality of the brands offered by CannMart, the Company’s focus on growing the business profitably, reducing operational burn and continuing to master the mechanism of moving cannabis into the market, safely and reliably, the expected demand for Cannabis 2.0 products and the growth of that market and the results of operations, operational matters, historical trends, current conditions and expected future developments, as well as other considerations that are believed to be appropriate in the circumstances. While we consider these assumptions to be reasonable based on information currently available to management, there is no assurance that such expectations will prove to be correct. By its nature, forward-looking information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information in this press release. Such factors include, without limitation: competition from other players that provide similar B2B services as the Company, unforeseen developments that would delay the Company’s ability to launch additional high quality cannabis 2.0 products at Labs as anticipated and in a timely manner, the risk that the expected demand for cannabis 2.0 products in general and those to be manufactured by the Company does not develop as anticipated, regulatory risk, risks relating to the Company’s ability to execute its business strategy and the benefits realizable therefrom and risks specifically related to the Company’s operations. Additional risk factors can also be found in the Company’s current MD&A and annual information form, both of which have been filed under the Company’s SEDAR profile at www.sedar.com. Readers are cautioned not to put undue reliance on forward-looking information. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4da17d0f-8d97-4497-a70f-cbee29b28e76
![](https://ml.globenewswire.com/media/MGU3ZmQyODgtYTI4Yy00YmQ1LWJmMjUtM2FkNTU3MzgwZmQ5LTEwOTk1NTk=/tiny/Lifeist-Wellness-Inc-.png)
Roilty: 2021 Canadian LP Brand of the Year
![](https://ml.globenewswire.com/media/4da17d0f-8d97-4497-a70f-cbee29b28e76/medium/roilty-2021-canadian-lp-brand-of-the-year.jpg)
Lifeist’s Consumer-focused Roilty Brand Wins Coveted “Canadian LP Brand of Year” Award at ADCANN
2022 GlobeNewswire, Inc., source