Lifeist’s Cannmart brand Roilty increased sales 43% y-o-y in Alberta

Lifeist Wellness announced that CannMart’s in-house concentrates brand Roilty increased sales by 43% year-over-year in the province of Alberta, Canada’s second largest cannabis market. Roilty’s strength in Alberta, which has become the brand’s top selling province, highlights the success that the brand is having across Canada since launching two years ago. Additional Roilty highlights in Alberta are: 17% market share in premium concentrates, with 21% growth month-over-month; 5% market share in the shatter category, growing 44% on average month-over-month; 2% market share in the distillate vapes category, growing 13% on average month-over-month; Strong sales velocity for Roilty’s two newest products: Roilty Baron’s Bananas Live Resin sold through in one week, Roilty Diamonds & Sauce Terpy Treasures sold through within two weeks; Nearly 300% year-over-year in the number of orders and volume for Roilty products by The Alberta Gaming and Liquor Commission; Products available have expanded from eight in February 2022 to twenty-two in February 2023. Lifeist intends to issue an aggregate of 4,375,000 common shares, without a hold period, as payment of the ninth and final tranche of the remaining base purchase price to the vendors under the share purchase agreement for the acquisition of CannMart Labs Inc. The issuance is considered to be a shares for debt transaction under the policies of the TSX Venture Exchange and remains subject to TSX-V approval.