Lifeist’s CannMart Subsidiary Becomes the Exclusive B2B Distributor in Canada for Hamilton Devices, a Leading U.S. Extract-Focused Hardware Manufacturer and Supplier

Wellness Lifeist Inc.

B2B distribution agreement reinforces CannMart’s focus on higher margin businesses that complement its award-winning in-house concentrate brand, Roilty

TORONTO, Oct. 31, 2022 (GLOBE NEWSWIRE) — Lifeist Wellness Inc. (“Lifeist” or the “Company”) (TSXV: LFST) (FRANKFURT: M5B) (OTCMKTS: NXTTF), a health technology company that leverages advances in science and technology to create breakthrough businesses that transform human well-being, today announced that its wholly-owned Canadian cannabis business unit, CannMart Inc. (“CannMart”), has entered into a distribution agreement with Hamilton Devices, a leading US manufacturer and supplier of vaping equipment. With this agreement, CannMart is now the first distributor in Canada of Hamilton Devices’ complete portfolio of innovative consumer products, extracted from targeted vaping products across Canada through October 2024, with an initial six-month exclusivity.

Hamilton Devices is internationally recognized as one of the leading innovators of vaporization technologies that deliver extraction products such as distillate, live resin and shatter via industry-scale 510 thread carts . The company manufactures cost-effective, simple-to-use yet multi-functional devices that help everyday consumers enjoy concentrated products without having to make large investments in traditional vaping gear or dabbing tools. An example of the company’s exceptional innovation is its latest device, the Starship, which allows consumers to vape three carts, featuring three different categories of concentrates, at once. A recent Instagram video featuring the Starship has gone viral, boasting over 820,000 views, including over 26,000 likes and over 400 comments in the first three weeks. According to Hamilton Devices, their innovative products can be found in approximately 100,000 retailers across the United States.

CannMart intends to leverage its Master Distributor status and sell Hamilton Devices products directly to its expanding retail network across Canada of more than 2,500 stores.

“It is a privilege to be chosen by Hamilton Devices as the exclusive B2B distribution partner for Canada and we look forward to leveraging our established relationships to bring their innovative vaping technologies to Canadian consumers,” said Daniel Stern, CEO of CannMart. “This is CannMart’s first B2B ancillary distribution agreement and fits perfectly with our focus on higher margin businesses given the direct delivery nature of the relationship, which means there is no no storage, inventory and delivery costs. Building on this, CannMart is expanding its direct-to-store sales and marketing efforts, including for our award-winning, SKU-diverse in-house concentrate brand, Roilty.

“We are excited to bring new products to market that complement CannMart’s Roilty product line,” said Meni Morim, CEO of Lifeist. “Providing consumers with safe and convenient new ways to try and consume our extract products will not only delight our customers, but can also help us grow our core cannabis business faster and more efficiently.” The Hamilton Devices product line fits seamlessly into CannMart’s existing portfolio and sales process, and we look forward to seeing the results of this new agreement.

Canadian retailers who are not yet part of the CannMart store network and wish to add Hamilton appliances to their offerings should contact CannMart at HDsales@cannmart.com.

About Lifeist Wellness Inc.

At the forefront of the post-pandemic wellness revolution, Lifeist is leveraging advances in science and technology to create game-changing companies that are transforming human wellbeing. Portfolio business units include: CannMart, which operates a B2B wholesale distribution business facilitating sales of recreational cannabis to Canadian provincial government screening boards, including for CannMart Labs, a BHO extraction facility producing high-margin cannabis 2.0; Australian Vapes, one of Australia’s largest online retailers of vaporizers and accessories; and Mikra, a bioscience and consumer wellness company developing and selling innovative therapies for cellular health.

Information about Lifeist and its activities can be accessed via the links below:

www.lifeist.com
https://cannmart.com
https://www.roilty.co
www.australianvaporizers.com.au
www.wearemikra.com

contacts

Meni Morim, Lifeist Wellness Inc., CEO
Matt Chesler, CFA, FNK IR, Investor Relations
Phone: 647-362-0390
E-mail: ir@lifeist.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release or has in any way endorses or disapproves of the contents of this press release. .

Forward-looking information

This press release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not historical in nature contain forward-looking information. Forward-looking information may be identified by words or phrases such as “may”, “expect”, “likely”, “should”, “should”, “plan”, “anticipate”, “intend”. of”, “potential”, “proposed”, “estimate”, “believe” or the negative form of these terms, or other similar words, phrases and grammatical variations, or statements that certain events or conditions “may” or “will occur”.

Forward-looking information contained herein, including without limitation statements relating to, is based on assumptions that management believed were reasonable at the time such statements were made, including, without limitation , Lifeist’s expectations regarding demand for innovative HD products in Canada and CannMart’s business growth results. Although we consider these assumptions to be reasonable based on information currently available to management, there can be no assurance that these expectations will prove to be correct. By its nature, forward-looking information is subject to inherent risks and uncertainties which may be general or specific and which give rise to the possibility that the expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that the assumptions are not correct and that the objectives, strategic goals and priorities will not be achieved. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information contained in this press release. Other risk factors may also be found in the Company’s current MD&A which has been filed under the Company’s SEDAR profile at www.sedar.com. Readers are cautioned not to place undue reliance on forward-looking information. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

Source: Wellness Lifeist Inc.

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