Lifeist Wellness Inc (TSE:LFST) has released an update.
Lifeist Wellness Inc. has reported a considerable improvement in gross margins, achieving the highest quarterly gross profit in the company’s history, despite a slight decrease in net revenue in Q4 2023 compared to the previous year. The focus on operational efficiency and high-margin activities has led to an improved adjusted EBITDA loss, signaling a strong move towards profitability. The company is also navigating leadership changes with the announcement of Faraaz Jamal stepping down from his leadership role.
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