LFTD Partners Inc. reports developments for an OTCQB operating company whose principal subsidiary, Lifted Made, manufactures and sells hemp-derived, wellness, energy and other psychoactive products. Recurring updates include financial results, operating income, inventory, working capital, debt balances and product activity across the Urb, Mielos and Rebel brands.
Company news also covers Lifted Made’s exclusive manufacturing and sales relationships for Diamond Supply Co. and Cali Sweets hemp-derived products, collaborations involving Urb-branded cannabis products, brand identity and loyalty-program launches, minority interests in Ablis and Bend-based spirits businesses, and governance changes at the public-company parent.
LFTD Partners Inc. (OTCQB:LIFD), the parent company of hemp, wellness, and energy products maker Urb, has announced that Zuanic & Associates, a prominent cannabis equity research firm, has initiated coverage of LFTD Partners with an Overweight rating. This development marks a significant milestone for LFTD Partners, as it gains recognition from a respected industry analyst.
The full report by Zuanic & Associates is available for access through a provided link, offering investors and stakeholders detailed insights into the company's performance and potential. This coverage initiation could potentially increase visibility and credibility for LFTD Partners within the investment community, particularly in the cannabis and hemp sectors.
Urb, a subsidiary of LFTD Partners Inc. (OTCQB:LIFD), has launched its new 'Fly High' brand identity and Urb Miles loyalty program at www.Urb.shop. The rebranding showcases a portfolio of 14 premium cannabinoids and 10 terpenes in effect-based blends. New product lines include:
Skybites: 'True-Infused' Terpene gummies with enhanced potency and effects
Aerovape 710 and 420 Max: Vapes with award-winning Delta 8 and various cannabinoids
Flight Fuel cartridges: Featuring premium cannabinoids and live resin
Frequent Flyer Flower: AAA grade THCA Indoor Exotic Flower
The Jointcase: Prerolled joints infused with THCA and CBG
Puff Puff Passport: Unique rolling papers made from flax plant fibers
The Urb Miles loyalty program offers rewards and four membership tiers: Economy, Main Cabin, Premium, and First Class.
LFTD Partners Inc. (OTCQB:LIFD) reported its Q2 2024 financial results, showing a 24% decrease in revenue to $9,487,299 compared to Q2 2023. The company experienced an operating loss of $582,745, contrasting with an operating income of $2,372,674 in the same period last year. Net loss was $523,212, resulting in a basic and diluted loss per share of $0.04. The balance sheet as of June 30, 2024, revealed a 17% decrease in cash to $3,613,788 and a 28% reduction in inventory to $7,348,485. Despite these declines, the company's current ratio improved to 3.10 from 2.49, indicating better short-term liquidity. LFTD Partners will host an earnings conference call and webcast on August 15, 2024, at 8:30 AM ET to discuss these results.
LFTD Partners Inc. (OTCQB:LIFD), parent company of hemp, wellness, and energy products maker Lifted Made, has announced its upcoming second quarter 2024 earnings release and conference call. Key details include:
- Financial results filing with SEC: August 14, 2024
- Earnings conference call and webcast: August 15, 2024, at 8:30 AM ET
- Toll-free participant number: 877-545-0320
- International participant number: 973-528-0002
- Participant Access Code: 332191
- Webcast link: https://www.webcaster4.com/Webcast/Page/2916/51081
Investors can find additional information on LFTD Partners' website. The company encourages attendees to submit questions in advance via email to jakejacobs@lftdpartners.com.
On June 17, 2024, LFTD Partners Inc. (OTCQB: LIFD), the parent company of Lifted Made, issued a letter applauding Florida Governor Ron DeSantis for vetoing Senate Bill 1698. This bill, if passed, would have forced the closure of approximately 5,000 hemp businesses, resulting in the loss of 64,000 jobs and $8.9 billion in taxable business revenue for Florida. LFTD Partners emphasized the importance of Governor DeSantis's decision in protecting the hemp industry and preserving jobs and tax revenue. They criticized the bill as an attempt by large marijuana companies to monopolize the cannabis market in Florida by eliminating competition from the hemp sector.
Lifted Made, which produces hemp-derived consumer goods, stressed that the veto supports healthier alternatives to opioids and alcohol, arguing that reasonable regulations are necessary but wholesale shutdowns are not. The company highlighted the 2018 federal Farm Bill, which legalized hemp products, contrasting it with the illegal status of certain marijuana products under federal law.
LFTD Partners (OTCQB:LIFD), the parent company of Lifted Made, reported its Q1 2024 financial results. Revenue fell 14% to $10.67M from $12.46M in Q1 2023. Operating loss increased to $122K from $105K, while net loss surged to $1.14M from $142K. Basic and diluted loss per share widened to $0.08 from $0.01. On the balance sheet, cash remained steady at $4.38M. Inventory dropped 25% to $7.66M. Current assets and working capital decreased by 15% and 12%, respectively. Notes payable reduced by 3% to $3.73M. The current ratio improved slightly to 2.62. The company will hold a conference call on May 15, 2024, at 8:30 AM ET to discuss these results and provide updates.
LFTD Partners (OTCQB:LIFD), the parent company of Lifted Made, known for its Urb Finest Flowers brand, will release its first quarter 2024 financial results on May 14, 2024. Following the release, an earnings conference call and webcast will take place on May 15, 2024, at 8:30 AM ET to discuss the results. Investors can join the call toll-free at 877-545-0320 or internationally at 973-528-0002 using access code 362392. The webcast link and replay will be available on the Investor Relations section of their website. Questions can be submitted prior to the call by emailing jakejacobs@lftdpartners.com.
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