Lifeist Wellness Inc. (OTCQB: NXTTF) (TSXV:LFST) (FRANKFURT:M5B) has entered into a definitive agreement for a drawdown equity financing facility of up to $8 million with Alumina Partners (Ontario) Ltd., an affiliate of New York-based private equity firm Alumina Partners, LLC.

The investment agreement provides Lifeist with a financing facility over a period of 24 months during which time the company can draw down, subject to certain conditions, through private placement tranches of units of securities of the company for gross proceeds of up to $250,000. Each private placement tranche of units will comprise one common share of the company and one common share purchase warrant of the company. The units will be issued at a discount of 15% to 25% from the closing market price as determined by the filing …

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