As reported by a press on 28th September 2021, Lifeist Wellness Inc (OTCMKTS: NXTTF) has announced the increase in the Revenue and Expanded Margins for Q3 2021. The Lifeist wellness inclusive is a company that leverages advancements in science and technology to find a path for your wellness. The company reported that it has expected per year and sequential increase in the revenue and gross profit for the fiscal third quarter that ended on 31st August 2021. The Lifeist wellness inclusive will soon release the audited third-quarter results on about 29th October 2021.
The quarterly gross revenue has been anticipated to be approximately $7 million, up to 12% of the per year profit. The gross profit has been more than doubled in terms of dollars, and it is 15% in Q3 2021 compared to 7%, which was in the 2020 fiscal third quarter, and it was 6% in the fiscal second quarter in 2021.
Meni Morim is the CEO of the Lifeist wellness inclusive company. In one of his interviews, Morim said that the more significant profit is only because of the CannMart Inclusive that has supplied cannabis, which has finally resulted in the increased 3rd quarter revenues and gross profit. Hence, the growth in the revenue is only possible by a solid foundation laid by CannMart inclusive. CannMart is recently experiencing intense demands of products from customers and retailers from all over Canada. Therefore, the company is continuously making strategies focussing on increasing gross margins with its current product portfolio. The company CEO is undoubtedly delighted to say that these profits are only possible because of the hardworking workers and pay dividends.
Morim added that it was all because of CannMart’s efforts that it helped Lifeist during its evolution and wellness company, continuously striving to connect to humanity and definitions of wellness. As a result, the medical customers of cannabis in Canada have been licensed by cultivators. Now, the Lifeist has become an outstanding online marketplace for wellness, products, and many of its best accessories.