LFTD PARTNERS INC - LIFD STOCK NEWS

LFTD Partners Inc. (OTCQB: LIFD) has prepaid $916,666 of its secured debt, reducing its outstanding note payable to $916,668. This prepayment utilized free cash flow from the operations of its subsidiary, Lifted Made, following a previous identical payment in June 2022. The company's leadership acknowledges the need for a solid working capital foundation amid challenging market conditions within the cannabis industry. LFTD Partners continues discussions with potential lenders and targets for acquisition.

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.

LFTD Partners Inc. (OTCQB:LIFD) has announced a prepayment of $916,666 on its $2,750,000 note payable, leaving a balance of $1,833,334. This payment was made using free cash flow generated by its subsidiary, Lifted Made. The company's President, Jake Jacobs, highlighted the team's performance in increasing cash flow while growing inventory. The CEO, Gerard Jacobs, noted the challenges in the cannabis sector but remains optimistic about the company's growth strategy based on profitable consumer products.

LFTD Partners Inc. (OTCQB: LIFD) has announced its subsidiary, Lifted Made, is expanding operations with a new lease of 6,132 square feet in Kenosha, WI, effective July 1, 2022. This expansion marks the fifth in two years, increasing total space by 25% to 30,370 square feet. The lease includes a base charge of $10.75 per square foot, with a 2.5% annual rent increase. The move aims to internalize packing functions and enhance control over operations, which is expected to boost earnings per share.

LFTD Partners (OTCQB:LIFD) reported record financial results for Q1 2022, showing significant growth compared to both the previous quarter and the same quarter last year. Revenue surged 41% from Q4 2021 to $18,088,877, while net income jumped 118% to $2,944,793. On a year-over-year basis, revenue increased 439%, and net income rose 376%. Lifted Made's product sales heavily favored hemp-derived products, contributing to 96% of total sales. The company is actively pursuing $10-$15 million in debt financing to support continued growth and inventory needs.

LFTD Partners Inc. (LIFD) announced that its subsidiary, Lifted Made, is running a second shift to meet rising demand for its cannabinoid and psychedelics products. The company has expanded from 3,300 sq. ft. to 24,238 sq. ft. in Kenosha, Wisconsin, increasing its workforce from 10 to over 125 employees. Projected revenues for 2022 are anticipated to exceed $75 million, reflecting significant growth. The ongoing expansion and revenue generation highlight Lifted Made's success in the cannabis and psychedelics market.

LFTD Partners Inc. (OTCQB: LIFD), a rapidly growing cannabis and psychedelics company, will present at the Benzinga Psychedelics Capital Conference on April 19, 2022, at 2:40 PM ET in Miami Beach. The presentation will be live-streamed and recorded. LFTD's subsidiary, Lifted Made, recently launched two new psychedelic products and will discuss a new federally-compliant product expected later this year. Additionally, LFTD will sponsor the conference reception and have a booth at the Benzinga Cannabis Capital Conference from April 20-21, 2022.

LFTD Partners Inc. (OTCQB: LIFD), a rapidly growing and profitable cannabis and psychedelics company, announced that its Vice Chairman and COO Nick Warrender, along with President and CFO Jake Jacobs, were interviewed by Proactive Investors on April 4, 2022. The interview highlights their recent business developments and growth strategies. LFTD focuses on acquiring profitable companies that sell hemp-derived cannabinoid products and emerging psychedelics. The company operates through its subsidiary, Lifted Made, known for award-winning products in the market.

LFTD Partners Inc. (OTCQB:LIFD) reported exceptional financial results for Q4 and the full year of 2021, achieving a remarkable 492% revenue increase to $31.66 million compared to 2020. The company transitioned from a net loss of $(1.53 million) in 2020 to a net income of $5.80 million in 2021. Key highlights include basic earnings per share rising to $0.50. Despite a one-time impairment affecting Q4 results, LFTD expects revenues to surpass $75 million in 2022, driven by strong Q1 sales and new product launches.