Lifeist Wellness To Sell Certain Intellectual Property Assets to Spinach Pay, Breathing Life Into a U.S. Cannabis Fintech Concept - Seite 3

The Purchaser is an entity controlled by the Company’s former CTO Chad Agate, who in order to lead this initiative, has transitioned to a consultant through the end of January 2022.

The Transaction constituted a Reviewable Transaction pursuant to the Policies of the TSXV and the Company has received the approval of the TSXV to close the Transaction today.

About Lifeist Wellness Inc.

Lifeist is at the forefront of the post-pandemic wellness revolution requiring smart solutions. Lifeist is a portfolio wellness company leveraging advancements in science and technology to enable you to find your path to wellness. Portfolio business units include: CannMart.com that provides Canadian medical customers with a diverse selection of cannabis products from a multitude of federally licensed cultivators and its U.S. customers with access to hemp-derived CBD and smoking accessories; and CannMart’s Canadian recreational cannabis distribution business facilitating recreational sales to a number of provincial government control boards. The Company is set to launch a new nutraceuticals division in the fourth quarter with disruptive products in wellness. For more information, visit www.lifeist.com, Cannmart.com and everyonedoesit.co.uk.

About Spinach Pay Inc.

Spinach Pay is a privately owned fintech company focused on building innovative solutions in payment processing for the U.S market. Spinach Pay is at the forefront of developing innovative technology solutions for payment processing that offers flexible payment options to attract, convert and retain customers. The Spinach team is focused on developing products with a quick setup and simple integration which we believe will help facilitate our customers to focus on driving increased commerce. For more information, visit www.spinachpay.com.

Contacts

Lifeist Wellness Inc.
Meni Morim, CEO
Matt Chesler, CFA, Investor Relations
Ph: 647-362-0390
Email: [e-mail]

Spinach Pay Inc.
Chad Agate, President & CEO
Ph: 844-720-0729
Email: [e-mail]

Forward-Looking Information

This news 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 can be identified by words or phrases such as “may”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen.