Simply Solventless Concentrates Ltd. (TSXV:HASH) is acquiring Lifeist Wellness Inc.'s (TSXV:LFST) (FRANKFURT: M5B) (OTC:LFSWF) subsidiary CannMart Inc. What Happened The Calgary, Alberta-based company said on Wednesday that it has entered into a services agreement regarding the operations of CannMart and a share purchase agreement with Lifeist Wellness Inc. to acquire all of the shares of CannMart. See also: Canadian Company Lifeist Says Farewell To Cannabis Business Unit, Turns To Nutraceuticals Key terms of the services agreement are as follows:  SCC will receive the benefit of 100% of CannMart’s revenue, less a service fee of 10% of net revenue; SSC will help to manage the day-to-day operations of CannMart; SSC will pay 100% of CannMart’s operating expenses; All service fee payments paid by SSC to CannMart during the term of the services agreement will be deducted from the purchase price in respect of the acquisition of CannMart; SSC will receive the benefit of a further purchase price adjustment to reflect $500,000 of CannMart inventory at the effective date of the services agreement; and The services agreement will terminate upon the closing of the acquisition of CannMart. The purchase price under the ...