Lifeist Wellness Inc. (OTCMKTS:NXTTF) (TSXV:LFST) (FRANKFURT:M5B) has closed a non-brokered private placement of secured convertible debentures for aggregate gross proceeds to the company of $100,000. The company intends to use the proceeds from the offering to help fuel expansion of Lifeist’s cannabis and nutraceuticals businesses, CannMart, Inc and Mikra Cellular Sciences Inc., and general corporate purposes.
“Our ability to raise this growth capital at a premium to the current share price is directly tied to the recent progress CannMart has made with its in-house concentrates brand Roilty, and is a great vote of confidence in our cannabis business,” stated Meni Morim, Lifeist’s CEO. “Recent financial market challenges have made liquidity increasingly important. Lifeist is …