Lifeist Wellness Management

Management criteria checks 4/4

Lifeist Wellness' CEO is Meni Morim, appointed in Feb 2019, has a tenure of 5.75 years. total yearly compensation is CA$421.62K, comprised of 86.7% salary and 13.3% bonuses, including company stock and options. directly owns 0.65% of the company’s shares, worth €8.70K. The average tenure of the management team and the board of directors is 6.4 years and 5.5 years respectively.

Key information

Meni Morim

Chief executive officer

CA$421.6k

Total compensation

CEO salary percentage	86.7%
CEO tenure	5.8yrs
CEO ownership	0.7%
Management average tenure	6.4yrs
Board average tenure	5.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Meni Morim's remuneration changed compared to Lifeist Wellness's earnings?
Date	Total Compensation	Salary	Company Earnings
Aug 31 2024	n/a	n/a	-CA$14m
May 31 2024	n/a	n/a	-CA$14m
Feb 29 2024	n/a	n/a	-CA$13m
Nov 30 2023	CA$422k	CA$366k	-CA$14m
Aug 31 2023	n/a	n/a	-CA$11m
May 31 2023	n/a	n/a	-CA$12m
Feb 28 2023	n/a	n/a	-CA$16m
Nov 30 2022	CA$438k	CA$350k	-CA$19m
Aug 31 2022	n/a	n/a	-CA$14m
May 31 2022	n/a	n/a	-CA$18m
Feb 28 2022	n/a	n/a	-CA$19m
Nov 30 2021	CA$451k	CA$350k	-CA$22m
Aug 31 2021	n/a	n/a	-CA$25m
May 31 2021	n/a	n/a	-CA$27m
Feb 28 2021	n/a	n/a	-CA$26m
Nov 30 2020	CA$502k	CA$380k	-CA$26m
Aug 31 2020	n/a	n/a	-CA$50m
May 31 2020	n/a	n/a	-CA$56m
Feb 29 2020	n/a	n/a	-CA$60m
Nov 30 2019	CA$579k	CA$579k	-CA$63m
Aug 31 2019	n/a	n/a	-CA$47m
May 31 2019	n/a	n/a	-CA$41m
Feb 28 2019	n/a	n/a	-CA$40m
Nov 30 2018	CA$62k	CA$77k	-CA$33m

Compensation vs Market: Meni's total compensation ($USD302.49K) is below average for companies of similar size in the German market ($USD492.37K).

Compensation vs Earnings: Meni's compensation has been consistent with company performance over the past year.

CEO

Meni Morim

5.8yrs

Tenure

CA$421,623

Compensation

Mr. Meni Morim serves as Chief Executive Officer and Director at Lifeist Wellness Inc. (formerly known as Namaste Technologies Inc.) since August 25, 2019. Mr. Morim served as Chief Product Officer at Life...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Meni Morim	CEO & Director	5.8yrs	CA$421.62k	0.65% € 8.7k
Joshua Hone	Chief Financial Officer	less than a year	no data	0.0027% € 36.7
Chad Agate	Chief Technology Officer	8yrs	no data	no data
David Hughes	Chief Marketing Officer	no data	no data	no data
Tim Henley	Advisory Consultant	6.4yrs	no data	no data
Paul Neider	Advisory Consultant	6.4yrs	no data	no data

6.4yrs

Average Tenure

Experienced Management: M5B0's management team is seasoned and experienced (6.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Meni Morim	CEO & Director	5.3yrs	CA$421.62k	0.65% € 8.7k
Branden Spikes	Independent Chairman of the Board	6.7yrs	CA$107.00k	1.77% € 23.6k
Michael Neumann	Member of Advisory Board	no data	no data	no data
Andrew Buckman	Member of Advisory Board	5.5yrs	no data	no data
Laurens Feenstra	Independent Director	6.7yrs	CA$90.00k	1.55% € 20.7k
John Sinclair	Independent Director	1.2yrs	CA$49.50k	1.07% € 14.4k

5.5yrs

Average Tenure

Experienced Board: M5B0's board of directors are considered experienced (5.5 years average tenure).

Lifeist Wellness Management

Management criteria checks 4/4

Key information

Recent management updates

Lifeist Wellness Inc., Annual General Meeting, Aug 16, 2024

Lifeist Wellness Inc. Announces Chief Financial Officer Changes

Lifeist Wellness Inc. Announces Step Down of Meni Morim as CEO

Lifeist Wellness Inc., Annual General Meeting, Mar 01, 2024

Lifeist Wellness Inc., Annual General Meeting, Dec 29, 2023

Lifeist Wellness Inc. Appoints John C. Sinclair to Its Board of Directors

Recent updates

Third quarter 2024 earnings released: CA$0.041 loss per share (vs CA$0.10 loss in 3Q 2023)

Second quarter 2024 earnings released: CA$0.047 loss per share (vs CA$0.097 loss in 2Q 2023)

Lifeist Wellness Inc. announced that it has received CAD 0.45 million in funding

Lifeist Wellness Inc., Annual General Meeting, Aug 16, 2024

Simply Solventless Concentrates Ltd. (TSXV:HASH) (SSC) entered into a share purchase agreement to acquire CannMart Inc. from Lifeist Wellness Inc. (TSXV:LFST) for CAD 2.5 million.

Flora Growth Corp. (NasdaqCM:FLGC) acquired Australian Vaporizers Pty Ltd. from Lifeist Wellness Inc. (TSXV:LFST) for CAD 0.87 million.

First quarter 2024 earnings released: CA$0.004 loss per share (vs CA$0.007 loss in 1Q 2023)

Lifeist Wellness Inc. Announces Chief Financial Officer Changes

Full year 2023 earnings released: CA$0.029 loss per share (vs CA$0.045 loss in FY 2022)

Lifeist Wellness Inc. Announces Step Down of Meni Morim as CEO

Tierra Corp. has entered into a definitive share purchase agreement to acquire CannMart Inc. from Lifeist Wellness Inc. (TSXV:LFST) for CAD 5 million.

Lifeist Wellness Inc., Annual General Meeting, Mar 01, 2024

Third quarter 2023 earnings released: CA$0.005 loss per share (vs CA$0.005 loss in 3Q 2022)

Lifeist Wellness Inc., Annual General Meeting, Dec 29, 2023

Flora Growth Corp. (NasdaqCM : FLGC) entered into a Sale and Purchase Agreement to acquire Australian Vaporizers Pty Ltd. from Lifeist Wellness Inc. (TSXV : LFST) for $1.9 million.

Flora Growth Corp. (NasdaqCM : FLGC) entered into a Sale and Purchase Agreement to acquire Australian Vaporizers Pty Ltd. from Lifeist Wellness Inc. (TSXV : LFST) for $1.9 million.

Lifeist Wellness Inc. Appoints John C. Sinclair to Its Board of Directors

New major risk - Market cap size

Insufficient new directors

Lifeist Wellness Inc. Announces the Resignation of Barbara Boyd as Director

Second quarter 2023 earnings released: CA$0.005 loss per share (vs CA$0.011 loss in 2Q 2022)

Lifeist Wellness Inc. (TSXV:LFST) agreed to acquire 1000501971 Ontario Inc. from 13735346 Canada and 1000496959 Ontario Ltd for CAD 3.4 million.

Full year 2022 earnings released: CA$0.045 loss per share (vs CA$0.061 loss in FY 2021)

Lifeist Wellness Inc. announced that it expects to receive CAD 8 million in funding from Alumina Partners (Ontario) Ltd.

Lifeist Wellness Inc. announced that it expects to receive CAD 8 million in funding from Alumina Partners (Ontario) Ltd.

Third quarter 2022 earnings released: CA$0.005 loss per share (vs CA$0.016 loss in 3Q 2021)

Lifeist Wellness Inc., Annual General Meeting, Dec 19, 2022

Second quarter 2022 earnings released: CA$0.011 loss per share (vs CA$0.016 loss in 2Q 2021)

Lifeist Wellness Common Shares to Be Deleted from OTC Equity

Lifeist Wellness Inc. Announces Resignation of Baran Dilaver from Board of Directors

Maropost AB acquired Findify AB from Lifeist Wellness Inc. (TSXV:LFST) for $4.07 million.

First quarter 2022 earnings released: CA$0.011 loss per share (vs CA$0.02 loss in 1Q 2021)

Lifeist Wellness Inc. to Report Q4, 2021 Results on Mar 25, 2022

Independent Director Andrew Wilczynski has left the company

Lifeist Wellness Inc. announced that it has received CAD 0.155 million in funding

High number of new and inexperienced directors

Third quarter 2021 earnings released: CA$0.016 loss per share (vs CA$0.024 loss in 3Q 2020)

Lifeist Wellness Inc. Provides Earnings Guidance for the Third Quarter of Fiscal Year 2021

Second quarter 2021 earnings released: CA$0.016 loss per share (vs CA$0.015 loss in 2Q 2020)

First quarter 2021 earnings released: CA$0.02 loss per share (vs CA$0.023 loss in 1Q 2020)

Namaste Technologies Provides Corporate Update Including Launch of Cannmart.Com in French for Quebec and All Francophones in Canada

Full year 2020 earnings released: CA$0.081 loss per share (vs CA$0.20 loss in FY 2019)

Namaste Technologies Inc. Appoints Slava Klems as Chief Financial Officer

Namaste Technologies Subsidiary CannMart Signs Agreement with HEXO Corp

New 90-day high: €0.29

Namaste Technologies Inc. has completed a Composite Units Offering in the amount of CAD 20.02 million.

New 90-day high: €0.27

Namaste Technologies Inc. to Report Fiscal Year 2020 Results on Mar 30, 2021

Namaste Technologies Inc. Announces the Launch of its Consumer-Focused Recreational House Brand "Roilty"

Namaste Technologies Inc. (TSXV:N) completed the acquisition of remaining 49% stake in CannMart Inc.

Namaste Technologies Inc. (TSXV:N) entered into a share purchase agreement to acquire remaining 49% stake in CannMart Inc. for CAD 21.5 million.

Third quarter earnings released

Namaste Technologies Inc. Announces Launch of New Butane Hash Oil Products

Namaste Technologies Announces Trademark Dispute Settlement

Namaste Technologies Inc. Appoints Baker Tilly WM LLP as Auditor

Namaste Technologies Inc Announces Executive Changes

Namaste Technologies in Collaboration with High Tide Announces Entrance into the Direct-to-Consumer Recreational Cannabis Market at CannMart.com using its Proprietary VendorLink Marketplace

Namaste Debuts "Vendorlink" Cannabis Accessory Marketplace Platform

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure