Publicly Traded Acquired Sales Corp. Announces LftdXSvg LLC, a Joint Venture Between Delta 8 THC Industry Leaders Lifted Made (makers of Urb Finest Flowers) and Savage Enterprises (makers of Delta Effex) To Make and Sell Hemp-Derived THCV Products

Rhea-AI Summary

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.

Positive

• Formation of LftdXSvg LLC to produce THCV products, enhancing product offerings and market presence.
• Joint access to extensive distribution and sales channels from both Lifted Made and Savage Enterprises.
• Potential for reduced costs in raw materials and collaborative development of THCV formulations.

Negative

• None.

JACKSONVILLE, Fla., April 27, 2021 (GLOBE NEWSWIRE) -- Acquired Sales Corp. (OTCQX: AQSP) (www.AcquiredSalesCorp.com), which plans to change its name to LFTD Inc., today announced that its wholly-owned subsidiary Lifted Made, Kenosha, Wisconsin (www.LiftedMade.com) and privately-held Savage Enterprises, Irvine, California, have partnered to create an equally-owned new entity called LftdXSvg LLC to make and sell products containing hemp-derived THCV (tetrahydrocannabivarin).

Nicholas S. Warrender, Vice Chairman and COO of AQSP, and founder and CEO of Lifted Made, said: “Lifted Made’s Urb Finest Flowers brand is well known for rolling out new hemp-derived products offering consumers new cannabinoid profiles. THCV is a rare cannabinoid whose benefits are beginning to be recognized within the industry. Partnering with Chris Wheeler, Matt Winters and the Savage team on exciting new THCV products under LftdXSvg LLC is an important initiative for us!”

Christopher Wheeler, CEO of Savage Enterprises, said: “Savage is very excited to be partnering with Lifted Made on LftdXSvg’s new THCV products. Working together will reduce our cost of raw materials, will allow joint development of THCV product formulations, and will give LftdXSvg access to the extensive distribution and sales channels of both Lifted Made and Savage. Hopefully this will set the stage for additional close collaboration between Lifted Made and Savage in the future, and both companies are excited about that.”

About Acquired Sales Corp.
Acquired Sales Corp. (OTCQX ticker symbol AQSP) is focused upon investing in rapidly growing companies that make hemp-derived, cannabinoid-infused products such beverages, lotions, oils, dabs, saucy dmnds, flower, cartridges, disposable vapes, hemp cigarettes, tinctures, bath bombs, balms, body washes, and gummies. In February, 2020, AQSP acquired 100% of Warrender Enterprise Inc. d/b/a Lifted Made (formerly d/b/a Lifted Liquids) (www.LiftedMade.com), now located in Kenosha, Wisconsin. Lifted Made’s Urb Finest Flowers brand of hemp-derived delta-8-THC and CBD products is rapidly growing and is nationally recognized. Lifted Made has a 50% membership interest in SmplyLifted LLC, which sells tobacco-free nicotine pouches under the brand name FR3SH (www.GETFR3SH.com). AQSP also owns 4.99% of CBD-infused beverage and products maker Ablis Holding Company (www.AblisBev.com), and of craft distillers Bendistillery Inc. d/b/a Crater Lake Spirits (www.CraterLakeSpirits.com) and Bend Spirits, Inc. (www.Bendistillery.com), all located in Bend, Oregon. Please read AQSP's filings with the U.S. SEC which fully describe our business and the Risk Factors associated therewith. Learn more by subscribing to our newsletters at www.LiftedMade.com and www.AcquiredSalesCorp.com.

About Savage Enterprises
Based in Irvine, California, Savage Enterprises was founded in 2013 by co-owners Christopher Wheeler and Matthew Winters. Savage Enterprises is a manufacturer and distributor of hemp-derived products, including CBD and delta 8 THC products (under the brand name Delta Effex), e-liquid, and Kratom. For more information about Savage Enterprises, please visit www.SavageEnterprises.com.

Cautionary Note Regarding Forward-Looking Statements Certain statements in this document are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such information includes the growth and profitability strategies, and future products and plans of LftdXSvg LLC, Lifted Made and Acquired Sales Corp. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors which may cause or contribute to the actual results of LftdXSvg LLC’s, Lifted Made’s and Acquired Sales Corp.’s operations or the performance or achievements of these companies differing materially from those expressed or implied by the forward-looking statements. LftdXSvg, Lifted Made and Acquired Sales Corp. undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements as a result of certain other factors, including the risk factors set forth in Acquired Sales Corp.’s filings with the Securities and Exchange Commission.

CONTACTS:

Lifted Made
Attn: Nicholas S. Warrender, Founder and CEO
Phone: 224-577-8148
Email: ceo@LiftedMade.com
Website: www.LiftedMade.com

Acquired Sales Corp.
Attn: William C. “Jake” Jacobs, President and CFO
Phone: 847-400-7660
Email: JakeJacobs@AcquiredSalesCorp.com
Website: www.AcquiredSalesCorp.com 

Savage Enterprises
Attn: Brittany Warner
Phone: 714-612-1091
Email: Bwarner@savageenterprises.com
Website: www.SavageEnterprises.com

FAQ

What is the partnership between AQSP and Savage Enterprises?

Acquired Sales Corp. announced a partnership with Savage Enterprises to create LftdXSvg LLC, which will focus on producing hemp-derived THCV products.

How will LftdXSvg LLC impact AQSP's product offerings?

LftdXSvg LLC aims to enhance AQSP's product range by introducing new THCV products, leveraging the expertise of both Lifted Made and Savage Enterprises.

What are the expected benefits of the LftdXSvg partnership?

The partnership is expected to reduce costs of raw materials, facilitate joint product development, and broaden distribution channels for THCV products.

When was the partnership between AQSP and Savage Enterprises announced?

The partnership was announced on April 27, 2021.