Lifted Made Expands Space by 44%, Leasing an Additional 5,000 Sq. Ft. in a Second Building in Kenosha, WI

Rhea-AI Summary

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.

Positive

• Expansion of operations with a new 5,000 sq. ft. lease, increasing capacity by 44%.
• Financial stability with over $4.5 million in cash on hand.
• Plans for acquisitions of Savage Enterprises and Fresh Farms E-Liquid, poised to enhance market position.

Negative

• None.

JACKSONVILLE, FL / ACCESSWIRE / October 13, 2021 / LFTD Partners Inc. (OTCQB:LSFP) (www.LFTDPartners.com) today announced that its wholly-owned subsidiary Lifted Made, Kenosha, WI (www.LiftedMade.com), owner of the award-winning Urb Finest Flowers brand of hemp and hemp-derived products, is expanding its operations for the third time during the last 18 months, leasing an additional 5,000 sq. ft. in a second building in Kenosha, WI, for use as additional sales offices and raw materials storage.

The new three-year lease which started October 1, 2021, represents a 44% increase in the aggregate office and operational space being used by the rapidly growing hemp-derived cannabinoid products company. Under the terms of the lease, Lifted Made will pay a base square foot charge of $5.75 per square foot per annum, with a 3% increase in rent each year during the term. Lifted Made will also be responsible for paying its proportionate share of real estate taxes and other operating costs.

Nicholas S. Warrender, LSFP's Vice Chairman and COO, and the CEO of Lifted Made, said, "Lifted Made has continued to grow rapidly and we are taking every measure to support this growth. The additional space will be used for incoming raw goods shipments and storage, allowing us to expand our packaging lines and finished product inventory storage at our main facility. We will also use the additional space for our growing internal sales team, as we continue to bring on more people. Fortunately we found a workable space located in a building just a few blocks away from our existing facility in Kenosha. We are very excited about Lifted Made's prospects, with a talented and dedicated team, our pending acquisitions of Savage Enterprises and Fresh Farms the closings of which are subject to a number of contingencies, and cash on hand that currently exceeds $4.5 million."

About LFTD Partners Inc.

LFTD Partners Inc., formerly known as Acquired Sales Corp. (OTCQB ticker symbol LSFP), is focused upon acquiring rapidly growing companies that manufacture and sell branded products containing hemp-derived cannabinoids (e.g. delta-8-THC, delta-9-THC, delta-10-THC, THCV, THCO, CBDA, CBC, CBG, CBN, CBD), e-liquid, disposable nicotine vapes, kratom and kava products. In February 2020, LSFP acquired 100% of Warrender Enterprise Inc. d/b/a Lifted Made (formerly d/b/a Lifted Liquids) (www.LiftedMade.com), Kenosha, Wisconsin. Lifted Made has a 50% membership interest in SmplyLifted LLC, which sells tobacco-free nicotine pouches under the brand name FR3SH (www.GETFR3SH.com). LSFP 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, Oregon.

LSFP has also signed a letter of intent to acquire Savage Enterprises, owner of award-winning hemp-derived products brand Delta Extrax (www.DeltaExtrax.com) and CBD brand Savage CBD (www.SavageCBD.com), and to enter the California marijuana industry by purchasing Premier Greens LLC and MKRC Holdings, LLC, the closing of which transactions are subject to a number of contingencies.

LSFP has also signed a letter of intent to acquire Fresh Farms E-Liquid, LLC (www.FreshFarmsELiquid.com), whose portfolio includes the premium vapor products Fresh Farms and Fruitia, JUS tobacco-free nicotine vapor products, and HAPPI premium delta-8-THC and delta-10-THC products (www.HappiHemp.com), the closing of which transaction is subject to a number of contingencies.

Please read LSFP's filings with the U.S. Securities and Exchange Commission which fully describe our business and the Risk Factors associated therewith. Learn more by subscribing to our newsletters at www.LiftedMade.com and www.LFTDPartners.com.

Cautionary Note Regarding Forward-LookingStatements 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 acquisition, financing, revenue growth, profitability, and product strategies, plans and expectations of: LFTD Partners Inc. and related entities including Lifted Made; Savage Enterprises, Premier Greens LLC and MKRC Holdings, LLC and related entities; and Fresh Farms E-Liquid, LLC and related entities. 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 the actual results of these companies' merger plans, financing plans, operations, or the performance or achievements of these companies differing materially from those expressed or implied by the forward-looking statements. These companies undertake 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/667958/Lifted-Made-Expands-Space-by-44-Leasing-an-Additional-5000-Sq-Ft-in-a-Second-Building-in-Kenosha-WI

FAQ

What is the significance of LSFP's recent expansion announced on October 13, 2021?

LSFP's expansion allows Lifted Made to increase operational space by 44%, supporting growth and product storage.

How much cash does LFTD Partners Inc. currently hold?

LFTD Partners Inc. holds over $4.5 million in cash, which aids its growth and acquisition plans.

What is the duration and cost of Lifted Made's new lease?

The new lease is for three years, starting at $5.75 per sq. ft. per annum, with a 3% increase each year.

What acquisitions is LSFP planning?

LSFP plans to acquire Savage Enterprises and Fresh Farms E-Liquid, enhancing its product offerings and market share.

When did Lifted Made's new lease take effect?

The lease for the additional 5,000 sq. ft. space took effect on October 1, 2021.