Lifeist Wellness Inc. (TSXV:LFST) (FRANKFURT: M5B0) (OTC:LFSWF), a health-tech company, reported its financial results Tuesday for the three months ended May 31, 2024. The Toronto-based company reported a nearly 50% year-over-year drop in net revenue from continued operations to CA$3.9 million ($2.8 million) in the second quarter of fiscal 2024. Meni Morim, CEO of Lifeist said the company's second-quarter performance "is another clear indication that we must move on from operating our legacy cannabis business segments and find other solutions that have exposure to the broader wellness market." Simply Solventless Concentrates Ltd. (TSXV:HASH) announced a month ago that it is acquiring Lifeist's subsidiary CannMart Inc. According to a June press release, the purchase price under the agreement includes $500,000 cash, $500,000 in units on the same terms as the financing and a vendor take-back note of $1.5 million on the ...