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Life On Earth Inc. (LFER) has issued a shareholder update detailing significant progress and its outlook for 2022. Key highlights include a substantial reduction in liabilities, from $9.88 million in May 2021 to $5.49 million by November 2021, a decrease of over 44%. The company has also improved its shareholders' deficiency by 84%. The acquisition of CareClix enhances LFER's position in the growing Digital Healthcare market, projected to reach $45 billion globally. The company plans to leverage its cloud-based offerings and aims for an up-listing to a major exchange.
Life on Earth Inc. (LFER) has signed a Share Purchase Agreement to acquire the CareClix Group of Companies, marking its entry into the telemedicine and medical software services sector. The acquisition encompasses four subsidiaries, including telemedicine services and remote patient monitoring. CEO Mahmood Khan emphasized compliance and logistics as key to finalizing the transaction, while CareClix Chairman Charles Scott expressed confidence in shared visions for digital health. The move aims to accelerate LFER's growth strategies for 2022 and beyond.
Life on Earth Inc. (LFER) announced the conversion of over $2.23 million of debt into equity, enhancing its financial position by eliminating future convertibility risks. This strategic move was made in collaboration with previous management and debt holders, facilitating progress towards the acquisition of CareClix Holdings Group. CEO Mahmood Khan emphasized the importance of this shift in reducing liabilities and enhancing the company’s balance sheet. The acquisition is expected to drive revenue growth heading into 2022.
Life on Earth Inc. (OTC PINK: LFER) has signed a Letter of Intent to acquire the CareClix group from Solei Systems, Inc. This strategic move aims to expand LFER into the Telemedicine and Medical Software Services sector. The acquisition includes CareClix's B-to-C, B-to-B, software development, and remote patient monitoring divisions. The deal is expected to finalize by December 31, 2021, following due diligence. LFER's CEO emphasized the significance of telemedicine and the potential for enhanced service delivery through this acquisition.
SmartAxiom, a subsidiary of Life on Earth (OTC Pink: LFER), has introduced a secure management system for RA and RZ Micro-Controller Units (MCUs) from Renesas, enhancing the security of IoT devices. The light blockchain technology enables secure communication from endpoint to cloud, making it accessible and free for users with evaluation kits. The solution is aimed at various sectors including smart buildings and industrial automation. With robust security features, this innovation enables rapid deployment of secure IoT systems, according to company executives.
SmartAxiom Inc, a subsidiary of Life on Earth (OTC Pink: LFER), launched its Non-Fungible Token (NFT) solution to secure digital asset identity and ownership. This solution leverages a lightweight blockchain to manage IoT devices and track digital asset distribution. It aims to enable creators to verify ownership and authenticate digital art. CEO Mahmood Khan highlighted the potential for artists to monetize their assets through royalties, emphasizing this as a transformative technology. The NFT market has seen significant growth, estimated at over $2 billion with a 2100% increase last year.
SmartAxiom Inc, a subsidiary of Life on Earth (LFER), introduced BlockTracker, a logistics management solution utilizing blockchain technology for secure tracking of high-value shipments, notably COVID vaccines. This innovative system features cellular tracking devices that monitor location, temperature, and other conditions while ensuring data integrity through blockchain authentication. The solution is aimed at combating theft and forgery of valuable shipments, with a specific focus on developing countries. CEO Mahmood Khan highlights its alignment with LFER's goal of enhancing productivity while securing data from cyber threats.
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