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Jacksonville, FL / ACCESSWIRE / March 10, 2022 / LFTD Partners Inc. (OTCQB:LSFP) will present at the 34th Annual Roth Conference on March 15, 2022, at 1:20 PM PT. The presentation can be accessed via a live webcast, with a replay available for 365 days. LFTD Partners focuses on acquiring profitable companies in the hemp-derived cannabinoid and psychedelic products sectors. Its subsidiary, Lifted Made, offers award-winning products. Additionally, LFTD holds a stake in CBD beverage maker Ablis and craft distillers Bendistillery. For more details, visit their official site.
LFTD Partners Inc. (formerly Acquired Sales Corp.) has officially changed its name and ticker symbol to LSFP, effective September 13, 2021. The company focuses on acquiring profitable, entrepreneur-led firms in the hemp-derived cannabinoid sector, including Lifted Made, Savage Enterprises, and Fresh Farms E-Liquid. These acquisitions are intended to consolidate market position and enhance brand offerings. LSFP is pursuing financing options to support these mergers, and the name change aims to reduce market confusion related to its previous identity.
LFTD Partners Inc. (formerly AQSP) announced its intention to acquire Fresh Farms E-Liquid, LLC, in a deal valued at approximately $45.6 million. The acquisition includes $14.2 million in cash and 7.1 million shares of AQSP stock, contingent upon several conditions including due diligence and capital raise of at least $50 million. Fresh Farms, a premium e-liquid brand, reported year-to-date sales of over $17 million, significantly up from $8 million in 2020, with an unaudited pre-tax profit of around $7 million. The merger aims to enhance product innovation and growth through synergies with existing subsidiaries.
LFTD Partners Inc., formerly Acquired Sales Corp. (AQSP), reported a remarkable second quarter in 2021, with revenue jumping 99% to $6.7 million and net income soaring 158% to $1.6 million compared to the previous quarter. Earnings per share increased by 75%, reflecting the success of its subsidiary Lifted Made, which specializes in hemp-derived products. The company has automated its production and expanded its distribution network. Future growth is anticipated through a merger with Savage Enterprises, which itself reported over $20 million in sales year-to-date.
Acquired Sales Corp. (AQSP) announced the launch of Urb Rocks, a new product by its subsidiary Lifted Made, featuring flavored popping crystals infused with 15 mg of hemp-derived delta-9-THC. Available in AM and PM formulations, Urb Rocks target morning and evening consumption, respectively. The product retails at $180 for a box of 30 packets. CEO Nick Warrender expressed optimism about the product's potential impact on the hemp market. The company also highlighted strong performance in 2021 and a distribution agreement with Nepa Wholesale, projecting significant revenue potential.
Acquired Sales Corp. (AQSP) announced a significant distribution agreement between its subsidiary Lifted Made and Nepa Wholesale Inc. This exclusive deal allows Nepa to distribute Lifted Made's new line of hemp-derived cannabinoid disposable devices in Florida over the next three years, potentially generating $19.7 million in gross revenue. The agreement includes a commitment for Nepa to purchase a minimum of 50,000 units monthly initially, with increasing quantities in subsequent years. The partnership aims to enhance Lifted Made's market presence and sales strategy.
Acquired Sales Corp. (AQSP) announced a letter of intent to acquire Savage Enterprises for $44 million, comprising $15.84 million in cash and 8.69 million shares of AQSP stock. This acquisition will enable AQSP to enter the California marijuana market by acquiring Premier Greens, which holds five conditional use permits for marijuana activities. Savage's expected revenue is projected to exceed $7 million in annual pre-tax net income post-acquisition. The closing of transactions is contingent on due diligence, capital raising, and necessary approvals.
Acquired Sales Corp. (AQSP) reported significant growth for Q1 2021, achieving a 53% increase in revenue from $2,196,518 to $3,353,270 and a 13% rise in net income from $549,531 to $618,359. Basic earnings per share grew by 36%, from $0.06 to $0.08, largely driven by its subsidiary Lifted Made's strong performance in hemp-derived products. Consolidated cash on hand exceeded $1.5 million, allowing Lifted Made to boost its inventory amid rising demand. The company is also exploring merger opportunities to diversify revenue sources.
Acquired Sales Corp. (OTCQX: AQSP) announced a partnership between its subsidiary Lifted Made and Savage Enterprises to form LftdXSvg LLC, focused on producing hemp-derived THCV products. This strategic collaboration aims to leverage both companies' distribution channels and expertise in cannabinoid-infused products. Nicholas S. Warrender, Vice Chairman and COO, emphasizes the initiative's importance in bringing new product offerings to market, while Christopher Wheeler of Savage highlights the cost reduction and joint development potential of the partnership.
Acquired Sales Corp. (AQSP) reported significant financial growth in Q4 2020, with revenue rising 46% to $2,196,518, net income increasing 473% to $549,531, and basic earnings per share up 483% to $0.06. This growth is attributed to its subsidiary, Lifted Made, known for its hemp-derived delta-8-THC and CBD products. The company plans to expand its operations with a new headquarters in Wisconsin and is optimistic about new product launches and continued high demand. CEO Gerard M. Jacobs highlighted AQSP's unique decentralized approach and ongoing discussions for potential mergers in the hemp industry.
