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.
LFTD Partners Inc. (OTCQB: LIFD) has announced an expansion of its subsidiary Lifted Made in Kenosha, Wisconsin.
The company is leasing an additional 4,657 square feet, increasing its total space to 37,627 square feet. The new lease, effective February 1, 2023, features a 14% increase in operational capacity.
This expansion enables Lifted Made to manufacture gummies for external clients and explore diversification into other wellness products, all aimed at reducing costs and enhancing supply chain control.
LFTD Partners Inc. (OTCQB:LIFD) reported strong financial results for Q3 2022, achieving its ninth consecutive quarter of positive earnings per share. Revenue rose 27% year-over-year to $11.2 million, with a net income of $423,486 and earnings per share of $0.03. The company anticipates breaking $60 million in annual sales for 2022 and is exploring a significant acquisition to diversify its revenue streams, which could lead to a stock exchange listing. Cash on hand stands at $4.4 million, with no secured debt.
LFTD Partners Inc. (OTCQB:LIFD), a prominent player in the cannabis and psychedelics sector, will announce its financial results for Q3 2022 on November 11, 2022, post-market. An earnings call is scheduled for November 14, 2022, at 8:30 AM ET. The company is focused on acquiring profitable brands in the hemp-derived cannabinoid and psychedelics markets, with Lifted Made as its primary subsidiary. Stakeholders can access the earnings call via phone or webcast, with details provided in the PR.
LFTD Partners Inc. (OTCQB:LIFD) announced its wholly-owned subsidiary, Lifted Made, will be the exclusive sponsor for hemp-derived products at the North Coast Music Festival from September 2-4, 2022. Lifted Made, known for its Urb Finest Flowers brand, will sell products during the festival, enhancing the experience for attendees. CEO Nicholas S. Warrender expressed excitement over the partnership, citing the festival's reputation in the EDM scene, while North Coast representatives welcomed the collaboration.
LFTD Partners Inc. (OTCQB:LIFD) reported remarkable financial results for Q2 2022, showcasing a 151% increase in revenue to $16,776,502 compared to $6,695,144 in Q2 2021. The company achieved a 102% rise in net income, totaling $3,219,460, marking its eighth consecutive quarter of positive GAAP net income. Basic EPS rose by 64% to $0.23, while diluted EPS surged by 82% to $0.20. Additionally, cash on hand increased 134% to $3,751,144, reflecting strong operational performance.
LFTD Partners Inc. (OTCQB: LIFD) has announced the prepayment of $916,668 in remaining secured debt, fully utilizing cash flow from its subsidiary, Lifted Made. This milestone event follows previous payments totaling $2,833,332 over the past eight months, eliminating all secured debt. President and CFO, William C. Jacobs, emphasized this achievement's significance for the company in the cannabis sector. With debts cleared, LFTD Partners plans to explore a potential acquisition and consider stock buybacks as approved by the board.
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.
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