Welcome to our dedicated page for Lftd Partners news (Ticker: LIFD), a resource for investors and traders seeking the latest updates and insights on Lftd Partners stock.
Overview of LFTD Partners Inc. (LIFD)
LFTD Partners Inc., headquartered in Jacksonville, Florida, is a publicly traded holding company (OTCQB: LIFD) that operates within the hemp, psychoactive products, and wellness industries. The company's primary subsidiary, Lifted Made, is a leading manufacturer and seller of hemp-derived and psychoactive products under the award-winning Urb brand. These products include gummies, vapes, and infused flower products, catering to a diverse consumer base seeking alternative wellness solutions. LFTD Partners also owns minority stakes in complementary businesses, including CBD-infused beverage maker Ablis and craft distilleries Bendistillery Inc. and Bend Spirits, Inc.
Core Business Operations
Lifted Made, based in Kenosha, Wisconsin, serves as the operational backbone of LFTD Partners. The company specializes in the production of hemp-derived products such as Delta-8, Delta-9, and other cannabinoids, which are marketed under the Urb brand. Lifted Made also manufactures hemp-free wellness gummies under the Mielos brand and energy gummies under the Rebel brand. Through exclusive partnerships, Lifted Made is the worldwide manufacturer and seller of hemp-derived products for brands like Diamond Supply Co. and Cali Sweets. These partnerships enable the company to expand its market reach and reinforce its position in the hemp and psychoactive products industry.
Market Position and Diversification
LFTD Partners operates in a competitive industry shaped by evolving regulations and consumer preferences. The company differentiates itself through innovation, exclusive product formulations, and strategic partnerships. Its recent initiatives include the launch of the Fly High brand identity and the Urb Miles loyalty program, which aim to enhance customer engagement and brand loyalty. Additionally, LFTD Partners is diversifying its portfolio by entering regulated cannabis markets. The company has announced plans to acquire Illinois Cannabis Licenses and expand into marijuana product manufacturing and retail operations. This diversification strategy aligns with its goal of mitigating regulatory risks and tapping into new revenue streams.
Challenges and Industry Context
The hemp and psychoactive products industry is characterized by stringent regulatory requirements and market volatility. LFTD Partners faces challenges such as regulatory compliance, competitive pressures from larger marijuana companies, and fluctuating consumer demand. Despite these hurdles, the company leverages its expertise in product innovation and strategic partnerships to navigate the complex market landscape. Its minority investments in CBD-infused beverages and craft distilleries further diversify its revenue streams and reduce dependency on a single market segment.
Strategic Vision
While focused on its core business, LFTD Partners is strategically expanding into regulated cannabis markets and exploring synergies between its hemp and marijuana operations. The company’s acquisition plans in Illinois highlight its commitment to growth and diversification. By integrating its expertise in hemp-derived products with new ventures in marijuana and retail, LFTD Partners aims to strengthen its market position and capitalize on emerging opportunities.
Conclusion
LFTD Partners Inc. is a dynamic player in the hemp and wellness industries, known for its innovative products and strategic partnerships. Through its subsidiary Lifted Made, the company delivers high-quality, lab-tested psychoactive products that cater to a growing consumer base. Its diversification into regulated cannabis markets and retail businesses underscores its adaptability and growth-oriented approach. However, the company must continue to navigate regulatory complexities and competitive challenges to sustain its market presence and operational success.
Lifted Made, a subsidiary of LFTD Partners (OTCQB:LIFD), has announced a multi-year agreement with Diamond Supply Co.. Under this agreement, Lifted will be the exclusive worldwide manufacturer of Diamond-branded hemp-derived products. The collaboration entails joint efforts in product formulation and design, with shared costs and revenues, while both companies will leverage their existing marketing channels for distribution. CEO Nick Warrender expressed excitement about innovating in the cannabinoid market, following Lifted’s recent accolade at the High Times Hemp Cup. This partnership aims to enhance Diamond's product line, with initiatives set to launch soon.
LFTD Partners Inc. (OTCQB:LIFD) announced its participation in the Planet MicroCap Showcase: VEGAS 2023, scheduled for April 26, 2023. CEO Gerard M. Jacobs will present at 10:30 AM PST and will address questions afterward. Interested parties can access the live presentation via a webcast link provided in the announcement.
Additionally, 1x1 investor meetings are available for attendees, emphasizing the company’s commitment to investor engagement. The event will take place in Las Vegas, and those unable to attend can find recorded presentations on the conference’s agenda webpage.
LFTD Partners is known for its subsidiary, Lifted Made, which focuses on hemp-derived products. The company also has stakes in other beverage and distilling brands.
Lifted Made, a subsidiary of LFTD Partners Inc. (OTCQB:LIFD), has achieved notable recognition at the High Times Hemp Cup: People's Choice Edition 2023. The company secured first place in the Legal Psychoactive Vape Pens category for its 3 mL Urb Watermelon Mojito Live Resin THC Blend Vape and second place in the Legal Psychoactive Flower category for the Urb Watermelon Mojito Caviar Flower. CEO Nick Warrender emphasized the achievement as a reflection of the product quality and consumer enthusiasm. Lifted Made specializes in hemp-derived and psychoactive products, marketed under the award-winning Urb and Silly Shruum brands.
LFTD Partners (OTCQB:LIFD) announced record revenue of $57.4 million for 2022, an 81% increase from 2021. The company also reported a 24% rise in net income to $7.2 million, with earnings per share rising to $0.51. Despite the overall annual success, Q4 2022 saw a 12% revenue decline to $11.3 million and a significant 55% drop in net income to $608,589. The company maintains a strong balance sheet, highlighted by a 120% increase in cash reserves and no debt as of year-end 2022. An earnings conference call is scheduled for March 22, 2023.
LFTD Partners Inc. (OTCQB:LIFD), parent of Lifted Made, is set to release its financial results for the fiscal year ending December 31, 2022, after the market closes on March 21, 2023. An earnings conference call will follow on March 22, 2023, at 8:30 AM ET, allowing participants to ask questions. The company focuses on hemp and psychoactive products, with brands such as Urb Finest Flowers and Silly Shruum. LFTD also has a stake in Ablis, a CBD-infused beverage company, and craft distillers Bendistillery Inc., enhancing its portfolio in the cannabis industry.
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.
LFTD Partners Inc. (OTCQB: LIFD) announced that its subsidiary, Lifted Made, has secured a deal with a disposable vape device manufacturer to recover over $1 million lost due to issues with clogged devices recognized in Q3 2022. The manufacturer will forgive $630,000 owed and provide credits totaling $370,047 for future purchases. CEO Nick Warrender expressed optimism for their partnership and highlighted the positive reception of new 3 mL disposable vape devices.
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