08:19 AM EST, 03/08/2024 (MT Newswires) -- Lifeist Wellness Inc. ( LFSWF ) , a health-tech company, announced Friday that its wholly-owned subsidiary, Australian Vaporizers Pty Limited, is among the first companies in Australia to be granted a Therapeutic Goods Administration (TGA) import license for aromatherapy vaporizer devices.

"As a leading Australian online supplier of aromatherapy products, being granted this TGA import license improves our competitive advantage even further," said Meni Morim, CEO of Lifeist. "This milestone reflects our unwavering commitment to consumer safety and the highest quality standards."

Aussie Vapes has also formed a new B2B subsidiary, Wholesale Vaporizers. "As the new market landscape for these devices continues to evolve in Australia, Aussie Vapes will take a leading role in exploring ways to use our import license to help support smaller retailers in a fully regulatorily compliant and transparent fashion," the statement noted.