Lifted Made Appointed Exclusive Manufacturer and Distributor of Cali Sweets' Disposable Vape Products and Gummy Products
LFTD Partners Inc. (OTCQB: LIFD) announced a five-year exclusive agreement with Cali Sweets, LLC, which allows its subsidiary, Lifted Made, to manufacture and distribute disposable vape and gummy products under the Koko Puffz and Koko Gummiez brands. The partnership involves shared production and marketing costs, with 60% of revenue going to Lifted Made. CEO Gerard Jacobs emphasized that this collaboration helps expand Lifted Made's business without stock dilution or borrowing needs. The agreement is expected to leverage social media marketing by Cali Sweets to increase product visibility.
- Exclusive five-year agreement with Cali Sweets for manufacturing and distributing vape and gummy products.
- Revenue sharing structure benefits Lifted Made with 60% of sales.
- No dilution of common stock or borrowing needed for expansion.
- None.
JACKSONVILLE, FL / ACCESSWIRE / January 13, 2023 / LFTD Partners Inc. (OTCQB:LIFD) (www.LFTDPartners.com) today announced that its wholly-owned subsidiary Lifted Made, Kenosha, Wisconsin (www.LiftedMade.com), has entered into a five year agreement to serve as the exclusive worldwide manufacturer and distributor of disposable vape products and gummy products for Cali Sweets, LLC, North Hollywood, California, under the brand names Koko Puffz and Koko Gummiez. Under the agreement, among other things:
- Lifted Made will manufacture, market and distribute such Cali Sweets products and brands, with Lifted Made and Cali Sweets sharing equally in certain production and marketing costs on a dollar-for-dollar basis;
- Cali Sweets will provide social media marketing services for such Cali Sweets products and brands, and for Lifted Made's products under its Urb Finest Flowers brand; and
- Revenue will be divided
60% to Lifted Made, and40% to Cali Sweets
Nick Warrender, CEO of Lifted Made, and Vice Chairman and COO of LFTD Partners, said, "We are very excited about this agreement! Flo Mirsky has a proven track record of mobilizing social media influencers in Southern California in support of Cali Sweets' innovative and highly desirable products, such as Cali Sweets' runaway success with Koko Nuggz. We look forward to partnering with Flo and her team, starting immediately."
Florence Mirsky, the founder and Manager of Cali Sweets, said "We are excited to announce the partnership between Cali Sweets and Lifted Made with our flagship brands Koko Nuggz and Urb. As a female entrepreneur, I'd like to bring a new twist to the market with top of the line cannabinoid products and innovative sku's; from vapes, gummies, chocolate that replicates marijuana and many more. With my creative marketing experience and Nick and his team's branding, execution and distribution abilities, this will be something both innovative and creative. My goal is to bring this market mainstream and expand awareness to more consumers."
Gerard M. Jacobs, CEO of LFTD Partners Inc., said "This collaboration with Cali Sweets allows Lifted Made to launch what we hope will become a significant new line of business, without any dilution of our common stock, and without the need for any borrowing or audits."
About LFTD Partners Inc.
Publicly-traded LFTD Partners Inc., Jacksonville, FL (OTCQB ticker symbol LIFD) is the parent corporation of Lifted Made, Kenosha, WI (www.LiftedMade.com), which manufactures and sells hemp-derived and psychoactive products under its Urb Finest Flowers and Silly Shruum brands. LFTD Partners Inc. also owns
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 operations, financing, growth, performance, products, plans, hopes and expectations of LFTD Partners Inc. and Lifted Made. 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 these companies' actual operations, financing, growth, performance, products, plans or results of these companies differing materially from those expressed or implied by the forward-looking statements. The Company undertakes 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 LFTD Partners Inc.'s filings with the Securities and Exchange Commission. This press release does not constitute an offer to sell common stock or any other securities of LFTD Partners Inc.
CONTACTS:
Lifted Made
Attn: Nicholas S. Warrender, CEO
Phone: (224) 577-8148
Email: CEO@LiftedMade.com
Website: www.LiftedMade.com
LFTD Partners Inc.
Attn: Gerard M. Jacobs, CEO
Phone: (847) 915-2446
Email: GerardMJacobs@LFTDPartners.com
Website: www.LFTDPartners.com
SOURCE: LFTD Partners Inc.
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