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.
- Industry
- Consumer Products
- Location
- Ontario, Canada
- Transaction Type
- Buyout
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