Lifted Made Signs Sublease for Sales Offices in Chicago

Rhea-AI Summary

LFTD Partners Inc. (OTCQB: LIFD) has reported its sixth operational expansion in two years, signing a five-month sublease for 2,600 square feet in Chicago to improve sales efficiency. This move increases their total space to 32,970 square feet, reflecting a 9% increase. The Chicago office aims to reduce commuting time for sales staff and target a broader talent pool. The sublease costs $1.15 per square foot monthly, with additional responsibilities for taxes and maintenance.

Positive

• Expansion of operations with a new sales office in Chicago.
• Reduction in commuting time for sales team, increasing productivity.
• Ability to tap into a larger talent pool for sales team expansion.

Negative

• None.

JACKSONVILLE, FL / ACCESSWIRE / July 8, 2022 / LFTD Partners Inc. (OTCQB:LIFD) (www.LFTDPartners.com) today announced that its wholly-owned subsidiary Lifted Made, Kenosha, Wisconsin (www.LiftedMade.com), is expanding its operations for the sixth time during the last two years, subleasing 2,600 square feet in Chicago, Illinois, for use by members of Lifted Made's sales team who are Chicagoans.

Lifted Made's new sublease covers the five month period from June 1, 2022 through October 31, 2022. The sublease represents a 9% increase, up to a total of 32,970 square feet, in the aggregate office, production and fulfillment space being used by the hemp-derived cannabinoid and psychedelics products company. Under the terms of the sublease, Lifted Made will pay a base square foot charge of $1.15 per square foot per month. Lifted Made will also be responsible for paying its proportionate share of real estate taxes and other common area maintenance costs.

Nicholas S. Warrender, LIFD's Vice Chairman and COO, and the CEO of Lifted Made, said, "Our Chicago-based sales people were spending a lot of time commuting to our headquarters in Kenosha. With a Chicago sales office, they are now spending more time focusing on making sales, rather than commuting. Moreover, by having a Chicago sales office, we expect to be able to tap into a larger talent pool, as we plan to expand our sales team headcount this year."

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 psychedelic products under its Silly Shruum brand, and hemp-derived cannabinoid products under its Urb Finest Flowers brand. LFTD Partners Inc. 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, OR. Please read LIFD's filings with the U.S. Securities and Exchange Commission which fully describe our business and the Risk Factors associated therewith. Stay updated with our company news and product launches by subscribing to our newsletters at www.LFTDPartners.com and www.LiftedMade.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 operations, financing, growth, performance, products, plans 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: William C. "Jake" Jacobs, President and CFO
Phone: (847) 400-7660
Email: JakeJacobs@LFTDPartners.com
Website: www.LFTDPartners.com

SOURCE: LFTD Partners Inc.

View source version on accesswire.com:
https://www.accesswire.com/707960/Lifted-Made-Signs-Sublease-for-Sales-Offices-in-Chicago

FAQ

What is the significance of LFTD Partners Inc.'s new Chicago sales office?

The Chicago sales office allows LFTD Partners Inc. to reduce commuting time for its sales team, enhancing productivity and enabling them to access a broader talent pool.

How much space is LFTD Partners Inc. leasing in Chicago?

LFTD Partners Inc. is subleasing 2,600 square feet of space in Chicago.

What percentage increase in operational space does LFTD Partners Inc. achieve with the new lease?

The new lease represents a 9% increase in total operational space, bringing it to 32,970 square feet.

What are the financial terms of the Chicago sublease for LFTD Partners Inc.?

LFTD Partners Inc. will pay a base rate of $1.15 per square foot per month for the Chicago sublease, alongside real estate taxes and maintenance costs.

How long is LFTD Partners Inc.'s sublease in Chicago?

The sublease for LFTD Partners Inc. in Chicago is for a duration of five months, from June 1, 2022, to October 31, 2022.