Lifeist Wellness Inc. Announces Strategic Leadership Changes

TORONTO, May 6, 2025 — In a decisive move to enhance its operational efficiency and streamline its strategic initiatives, Lifeist Wellness Inc. (TSX.V: LFST; FRANKFURT: M5B0; OTCQB: LFSWF) has announced significant changes to its management and board of directors. The Vancouver-based wellness company, known for its focus on acquiring, integrating, and building top wellness brands, is making these changes as part of its ongoing efforts to optimize its operations and improve organizational efficiency.

Lifeist, a prominent player in the Consumer Discretionary sector, particularly within the Internet & Catalog Retail industry, has appointed Lachlan McLeod, CPA, as its new Chief Financial Officer and Corporate Secretary. McLeod replaces Josh Hone in these roles, bringing with him a wealth of experience in public accounting and financial leadership. Prior to his appointment, McLeod served as a financial consultant to Lifeist since early February 2025 and is the founder of Stornoway Consulting Corp. His extensive background is expected to be instrumental in driving Lifeist’s financial strategies forward.

In addition to the leadership change at the executive level, Lifeist has also seen a reshuffling within its board of directors. The company announced the resignation of Laurens Feenstra from the board. Concurrently, Branden Spikes has been appointed as the chair of the board’s compensation committee, a role that underscores the company’s commitment to aligning its compensation strategies with its broader organizational goals.

These leadership changes come at a critical time for Lifeist, as the company navigates a challenging financial landscape. With a market capitalization of 1,326,024 CAD and a close price of 0.035 CAD on May 4, 2025, Lifeist has experienced significant volatility, having hit a 52-week low on the same day. The strategic realignment of its leadership is seen as a proactive step to stabilize and potentially enhance its market position.

Lifeist’s focus remains on its core business of offering cannabis products and accessories, including hemp-derived CBD and smoking accessories, to a global customer base. As the company continues to evolve, these leadership changes are expected to play a pivotal role in its strategy to streamline operations and improve overall efficiency.

For more information about Lifeist Wellness Inc. and its products, visit their website at www.lifeist.com . The company is listed on the TSX Venture Exchange, reflecting its commitment to transparency and growth in the competitive wellness industry.