Lifeist Wellness (TSE:LFST) has released an update.
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Lifeist Wellness reported a significant decline in third-quarter revenues and profits compared to last year, with net revenues dropping from $4.8 million to $2.1 million and gross profits falling from $3.1 million to $0.9 million. Despite these challenges, the company is focused on optimizing operations and innovating its product offerings following the sale of CannMart. Lifeist aims to build a strong foundation for sustainable success in the nutraceutical market.
For further insights into TSE:LFST stock, check out TipRanks’ Stock Analysis page.
