Lifeist Wellness Acquires Zest Cannabis Brand

June 1, 2023

Lifeist Wellness Inc. acquired 100% of 1000501971 Ontario Inc. (the ‘Zest' brand / Zest Cannabis) for CAD 3,411,707.90 in an all‑stock transaction. The acquisition — completed in July 2023 pursuant to an amended share purchase agreement — adds nine SKUs (vape, infused pre-rolls and flower) to Lifeist's CannMart distribution business to accelerate growth and expand high‑margin product offerings across Canadian provincial channels.

Buyers
Lifeist Wellness Inc.
Targets
1000501971 Ontario Inc. ("Zest"), Zest Cannabis Inc.
Sellers
13735346 Canada Inc., 1000496959 Ontario Ltd., Zest Cannabis Inc.
Location
Ontario, Canada
Transaction Type
Buyout

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