Lifeist Wellness (TSE:LFST) has released an update.
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Lifeist Wellness Inc. has acquired a key patent application for high-potency cannabis vapes, aiming to bolster its intellectual property portfolio and enhance shareholder value while shifting away from direct cannabis operations. The acquired IP could tap into the rapidly growing high-potency cannabis concentrates market, projected to expand significantly by 2032. The deal involves payment through company shares and future revenue-sharing upon patent issuance.
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