Lifeist Wellness Inc.(TSXV:LFST) (FRANKFURT: M5B) (OTCMKTS:LFSWF) reported its financial results Monday for the three and 12 months ended Nov. 30, 2023.

The Toronto-based company noted it hadachieved the highest quarterly gross profit in the company's history in the fourth quarter totaling CA$2 million ($1.5 million),representing a gross margin of 42%, compared to CA$1.9 million, or 31% gross margin, in the corresponding quarter of 2022.

"Our performance in the fourth quarter of 2023 reflects our strategic focus on high-margin activities and operational efficiency, resulting in the highest quarterly gross profit in our company's history,"Meni Morim, Lifeist CEO said. "Though accompanied...