Lifeist Wellness Inc. (OTCQB:LFSWF) (TSXV:LFST), a Toronto-based cannabis and health-tech company, announced its financial results for the three months ended February 29, 2024. The company reported net revenue of CA$4.9 million ($3.6 million), a decrease from CA$5.9 million in the same period last year. Despite the revenue fall, the company demonstrated a stronger gross profit margin of 27% compared to 25% in Q1 2023. This improvement highlights Lifeist’s strategic shift towards premium, higher-margin products. Q1 2024 Financial Highlights Revenue was CA$4.9 million compared to CA$5.9 million in Q1 2023. Net loss from continuing operations was CA$2.5 million, or (CA$0.004) per diluted share compared to a loss of $CA3.3 million, or (CA$0.007) per diluted share, in Q1 2023. Adjusted EBITDA loss improved to CA$2.1 million compared to the CA$3 million ...