None
SEDAR Interim Financial Statements
LFST · Price
[
{
"companyName": "Lifeist Wellness Inc.",
"reportingPeriodEnd": "2025-08-31",
"reportStatus": "Unaudited",
"auditorName": null,
"auditorKeyMatters": [],
"balanceSheet": {
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"tradeAndOtherReceivables": 609316,
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},
"nonCurrentAssets": {
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"propertyAndEquipment": 414,
"intangibleAsset": 110000,
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},
"totalAssets": 1997032,
"currentLiabilities": {
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"deferredRevenue": 2838,
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},
"totalLiabilities": 708536,
"shareholdersEquity": {
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"reserves": 55059421,
"accumulatedDeficit": -214772778,
"accumulatedOtherComprehensiveLoss": -375691,
"totalShareholdersEquity": 1288496
},
"totalLiabilitiesAndShareholdersEquity": 1997032,
"cashPerShare": 0.0146,
"workingCapitalPerShare": 0.0211
},
"2024-11-30": {
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"tradeAndOtherReceivables": 1155085,
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},
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},
"totalAssets": 5133467,
"currentLiabilities": {
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"deferredRevenue": 12649,
"totalCurrentLiabilities": 1060979
},
"totalLiabilities": 1060979,
"shareholdersEquity": {
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"reserves": 55018894,
"accumulatedDeficit": -211948259,
"accumulatedOtherComprehensiveLoss": -375691,
"totalShareholdersEquity": 4072488
},
"totalLiabilitiesAndShareholdersEquity": 5133467,
"cashPerShare": 0.0809,
"workingCapitalPerShare": 0.0886
}
},
"incomeStatement": {
"nineMonthsEnded2025-08-31": {
"revenue": 171077,
"costOfGoodsSold": -80062,
"grossProfit": 91015,
"salariesAndOtherCompensationCosts": 672296,
"officeAndGeneralExpenses": 548817,
"professionalFees": 222833,
"sellingAndMarketingExpense": 458375,
"depreciationAndAmortization": 6995,
"shareBasedCompensation": 40527,
"totalExpenses": 1949843,
"lossBeforeOtherIncome": 1858828,
"unrealizedLossOnEquityInvestments": -891079,
"interestIncome": 26544,
"interestExpense": -4203,
"miscellaneousExpenseIncome": -53901,
"lossGainOnDisposalOfInvestment": -48128,
"foreignExchangeGainLoss": 5076,
"netLossFromContinuingOperations": -2824519,
"lossGainFromDiscontinuedOperations": null,
"netLoss": -2824519,
"otherComprehensiveLoss": {
"cumulativeTranslationAdjustment": null,
"changesInFairValueOfEquityInvestmentsDesignatedAtFvoci": null
},
"totalComprehensiveLoss": -2824519,
"netLossPerShareFromContinuingOperations": -0.075,
"netIncomePerShareFromDiscontinuedOperations": null,
"weightedAverageNumberOfOutstandingShares": 37885636
},
"nineMonthsEnded2024-08-31": {
"revenue": 491911,
"costOfGoodsSold": -212258,
"grossProfit": 279653,
"salariesAndOtherCompensationCosts": 1031810,
"officeAndGeneralExpenses": 1491036,
"professionalFees": 399568,
"sellingAndMarketingExpense": 317170,
"depreciationAndAmortization": 21803,
"shareBasedCompensation": 809300,
"totalExpenses": 4070687,
"lossBeforeOtherIncome": -3791034,
"unrealizedLossOnEquityInvestments": -102448,
"interestIncome": 17585,
"interestExpense": -34407,
"miscellaneousExpenseIncome": 74128,
"lossGainOnDisposalOfInvestment": 29751,
"foreignExchangeGainLoss": -27568,
"netLossFromContinuingOperations": -3833993,
"lossGainFromDiscontinuedOperations": -2430860,
"netLoss": -1403133,
"otherComprehensiveLoss": {
"cumulativeTranslationAdjustment": 218556,
"changesInFairValueOfEquityInvestmentsDesignatedAtFvoci": -54955
},
"totalComprehensiveLoss": -1239532,
"netLossPerShareFromContinuingOperations": -0.132,
"netIncomePerShareFromDiscontinuedOperations": 0.084,
"weightedAverageNumberOfOutstandingShares": 28935419
}
},
"cashFlowStatement": {
"nineMonthsEnded2025-08-31": {
"cashFlowsFromOperatingActivities": {
"netLossFromContinuingOperations": -2824519,
"itemsNotInvolvingCash": {
"depreciation": 6995,
"shareBasedCompensation": 40527,
"unrealizedLossOnEquityInstruments": 891079,
"foreignExchangeGainLoss": -5076
},
"cashUsedInOperationsBeforeChangesInNonCashWorkingCapital": -1890994,
"cashUsedByDiscontinuedOperations": null,
"changeInWorkingCapital": {
"tradeAndOtherReceivables": -4231,
"inventories": -196313,
"prepaidExpensesAndOtherAssets": -20938,
"accountsPayableAndAccruedLiabilities": -342632,
"deferredRevenue": -9811
},
"netCashUsedInProvidedByOperatingActivities": -2464919
},
"cashFlowsFromInvestingActivities": {
"paymentsReceivedOnVtbNote": 550000,
"proceedsFromDisposalOfEquityInvestments": 121480,
"cashProvidedByContinuingInvestingActivities": 671480,
"cashUsedInDiscontinuedInvestingActivities": null,
"netCashProvidedByInvestingActivities": 671480
},
"cashFlowsFromFinancingActivities": {
"cashUsedInDiscontinuedFinancingActivities": null,
"netCashUsedInFinancingActivities": null
},
"netChangeInCashAndCashEquivalents": -1793439,
"effectOfMovementInExchangeRatesOnCashHeldInForeignCurrencies": 5076,
"cashAndCashEquivalentsBeginningOfPeriod": 2342020,
"cashAndCashEquivalentsEndOfPeriod": 553657
},
"nineMonthsEnded2024-08-31": {
"cashFlowsFromOperatingActivities": {
"netLossFromContinuingOperations": -1403133,
"itemsNotInvolvingCash": {
"depreciation": 21803,
"shareBasedCompensation": 809300,
"unrealizedLossOnEquityInstruments": 102448,
"foreignExchangeGainLoss": 27568
},
"cashUsedInOperationsBeforeChangesInNonCashWorkingCapital": -442014,
"cashUsedByDiscontinuedOperations": -5717177,
"changeInWorkingCapital": {
"tradeAndOtherReceivables": 1712403,
"inventories": 5219005,
"prepaidExpensesAndOtherAssets": 181981,
"accountsPayableAndAccruedLiabilities": -336636,
"deferredRevenue": -326858
},
"netCashUsedInProvidedByOperatingActivities": -290704
},
"cashFlowsFromInvestingActivities": {
"paymentsReceivedOnVtbNote": null,
"proceedsFromDisposalOfEquityInvestments": 29902,
"cashProvidedByContinuingInvestingActivities": 29902,
"cashUsedInDiscontinuedInvestingActivities": -2769,
"netCashProvidedByInvestingActivities": 27133
},
"cashFlowsFromFinancingActivities": {
"cashUsedInDiscontinuedFinancingActivities": -172174,
"netCashUsedInFinancingActivities": -172174
},
"netChangeInCashAndCashEquivalents": -432975,
"effectOfMovementInExchangeRatesOnCashHeldInForeignCurrencies": null,
"cashAndCashEquivalentsBeginningOfPeriod": 1454145,
"cashAndCashEquivalentsEndOfPeriod": 1021170
}
},
"investmentsAndOtherAssets": [
{
"type": "Equity Investment",
"description": "Kief Cannabis Company Ltd.",
"ownershipPercentage": null,
"value": 857,
"notes": "FVOCI, cost $250,000, 46,729 shares"
},
{
"type": "Equity Investment",
"description": "YPB Group Ltd.",
"ownershipPercentage": null,
"value": 3453,
"notes": "FVOCI, cost $130,000, 3,800,000 shares"
},
{
"type": "Equity Investment",
"description": "Flora Growth Corp",
"ownershipPercentage": null,
"value": 373925,
"notes": "FVTPL, cost $823,532, 13,306 shares, sold subsequent to August 31, 2025"
},
{
"type": "Loan Receivable",
"description": "VTB loan receivable",
"ownershipPercentage": null,
"value": 520937,
"notes": "From sale of CannMart Inc., interest rate 3%, maturing September 11, 2025"
},
{
"type": "Intangible Asset",
"description": "Liquid Vape Patent",
"ownershipPercentage": null,
"value": 110000,
"notes": "Provisional patent, royalty obligation of 50% of net revenue up to $1,000,000"
}
],
"shareStructure": {
"authorizedShares": "unlimited",
"issuedShares": 37885636,
"classesOfShares": ["common shares"],
"warrants": [
{
"number": 2476320,
"exercisePrice": 2.39,
"expiryDate": null
}
],
"options": [
{
"number": 4304,
"exercisePrice": 1.6,
"expiryDate": "2025-12-23"
},
{
"number": 2222222,
"exercisePrice": 0.05,
"expiryDate": "2028-11-24"
},
{
"number": 150000,
"exercisePrice": 0.09,
"expiryDate": "2032-07-08"
}
],
"rightsConvertibleInstruments": null
},
"managementCompensation": {
"currency": "CAD",
"periods": {
"2025-08-31": {
"keyManagementPersonnelCompensation": 432669,
"directorsFees": 71000,
"shareBasedCompensation": 40527
},
"2024-08-31": {
"keyManagementPersonnelCompensation": 425353,
"directorsFees": 182250,
"shareBasedCompensation": 110250
}
},
"namedIndividuals": [],
"otherRelatedPartyTransactions": [
{
"counterparty": "Key management personnel",
"description": "Accounts payable and accrued liabilities",
"amount": 236311,
"period": "As at August 31, 2025"
}
]
},
"subsequentEvents": [
{
"eventDate": null,
"description": "Sold 13,306 shares in Flora Growth Corp for gross proceeds of $716,247",
"impactValue": 716247
}
]
}
]