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LFTD Partners Inc. (OTCQB: LSFP) is set to present at the 34th Annual Roth Conference on March 15, 2022, at 1:20 PM PT, hosted at the Ritz Carlton Laguna Niguel. A live webcast of the presentation will be available, with a replay accessible for 365 days. LFTD Partners focuses on acquiring profitable companies offering hemp-derived cannabinoid products and other alternative lifestyle goods. Its subsidiary, Lifted Made, sells award-winning hemp products, and the company has stakes in several beverage and spirits companies.
LFTD Partners Inc. (OTCQB: LSFP) has announced an expansion of its operations through its subsidiary, Lifted Made, by leasing an additional 8,000 square feet in Kenosha, WI, marking the company’s fourth expansion in 18 months. This new lease, effective January 1, 2022, will increase total operational space by 49%. The lease involves a base rate of $6.00 per square foot with an annual 3% rent increase. With over $5.4 million in cash and plans for new product launches and acquisitions, LSFP aims to enhance production and fulfillment capabilities.
LFTD Partners Inc. (OTCQB:LSFP) reported a strong Q3 2021 performance with revenue growth of 32%, reaching $8.82 million, and a 40% increase in net income to $2.24 million. Basic and diluted earnings per share rose by 21% to $0.17 and 26% to $0.14, respectively. The success was attributed to the sales of its subsidiary Lifted Made's Urb Finest Flowers brand. Future growth is anticipated through the proposed acquisitions of Savage Enterprises and Fresh Farms E-Liquid, although completion is contingent on several conditions.
LFTD Partners Inc. (OTCQB: LSFP) announced a substantial expansion of its subsidiary, Lifted Made, by leasing an additional 5,000 sq. ft. of space in Kenosha, WI, representing a 44% increase in operational capacity. The three-year lease commenced on October 1, 2021, with a base cost of $5.75 per square foot, increasing by 3% annually. This expansion supports Lifted Made's growth, including hiring more staff and managing raw materials. LSFP also holds over $4.5 million in cash and has plans for upcoming acquisitions, indicating strong market prospects.
LFTD Partners Inc. (formerly Acquired Sales Corp.) has officially changed its name and ticker symbol to LSFP, effective September 13, 2021. The company focuses on acquiring profitable, entrepreneur-led firms in the hemp-derived cannabinoid sector, including Lifted Made, Savage Enterprises, and Fresh Farms E-Liquid. These acquisitions are intended to consolidate market position and enhance brand offerings. LSFP is pursuing financing options to support these mergers, and the name change aims to reduce market confusion related to its previous identity.
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