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.
LFTD Partners Inc. (OTCQB: LIFD) is a publicly traded parent company based in Jacksonville, Florida, best known as the corporate parent of Lifted Made, a manufacturer and seller of Urb hemp-derived and other psychoactive products, Mielos hemp-free wellness gummies, and Rebel hemp-free energy gummies. The news surrounding LFTD Partners often centers on financial performance, product developments, collaborations, and regulatory developments affecting its hemp-derived and cannabis-related activities.
Company news releases regularly cover quarterly financial results, where LFTD Partners reports revenue, operating income or loss, net income or loss, and key balance sheet metrics. These announcements are typically accompanied by details on scheduled earnings conference calls and webcasts, giving investors and observers structured opportunities to hear management discuss the business.
Another major theme in LIFD news is brand and product initiatives at Lifted Made. Examples include the launch of Urb's "Fly High" brand identity and the Urb Miles loyalty program, as well as collaborations such as Urb NM in New Mexico, which has been recognized as a fast-growing marijuana brand. News items also highlight exclusive manufacturing arrangements for Diamond Supply Co. and Cali Sweets hemp-derived products, and manufacturing for a subsidiary of a large, publicly traded U.S. marijuana company.
Regulatory and strategic developments are also prominent. LFTD Partners has issued detailed commentary on federal legislation that could ban intoxicating hemp-derived consumable products, outlining potential impacts on sales, goodwill, investments, and inventory. Additionally, the company has announced letters of intent to acquire Illinois cannabis licenses, industrial properties, and related businesses as part of a planned expansion into the Illinois marijuana market, subject to extensive conditions and approvals.
For readers following LIFD, this news page brings together updates on earnings, legislative and regulatory developments, brand launches, collaborations, and proposed acquisitions that shape LFTD Partners' evolving position in hemp-derived products, wellness gummies, energy gummies, and cannabis-related markets.
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Lifted Made, a subsidiary of LFTD Partners (OTCQB:LIFD), has announced a multi-year agreement with Diamond Supply Co.. Under this agreement, Lifted will be the exclusive worldwide manufacturer of Diamond-branded hemp-derived products. The collaboration entails joint efforts in product formulation and design, with shared costs and revenues, while both companies will leverage their existing marketing channels for distribution. CEO Nick Warrender expressed excitement about innovating in the cannabinoid market, following Lifted’s recent accolade at the High Times Hemp Cup. This partnership aims to enhance Diamond's product line, with initiatives set to launch soon.
LFTD Partners Inc. (OTCQB:LIFD) announced its participation in the Planet MicroCap Showcase: VEGAS 2023, scheduled for April 26, 2023. CEO Gerard M. Jacobs will present at 10:30 AM PST and will address questions afterward. Interested parties can access the live presentation via a webcast link provided in the announcement.
Additionally, 1x1 investor meetings are available for attendees, emphasizing the company’s commitment to investor engagement. The event will take place in Las Vegas, and those unable to attend can find recorded presentations on the conference’s agenda webpage.
LFTD Partners is known for its subsidiary, Lifted Made, which focuses on hemp-derived products. The company also has stakes in other beverage and distilling brands.
Lifted Made, a subsidiary of LFTD Partners Inc. (OTCQB:LIFD), has achieved notable recognition at the High Times Hemp Cup: People's Choice Edition 2023. The company secured first place in the Legal Psychoactive Vape Pens category for its 3 mL Urb Watermelon Mojito Live Resin THC Blend Vape and second place in the Legal Psychoactive Flower category for the Urb Watermelon Mojito Caviar Flower. CEO Nick Warrender emphasized the achievement as a reflection of the product quality and consumer enthusiasm. Lifted Made specializes in hemp-derived and psychoactive products, marketed under the award-winning Urb and Silly Shruum brands.
LFTD Partners (OTCQB:LIFD) announced record revenue of $57.4 million for 2022, an 81% increase from 2021. The company also reported a 24% rise in net income to $7.2 million, with earnings per share rising to $0.51. Despite the overall annual success, Q4 2022 saw a 12% revenue decline to $11.3 million and a significant 55% drop in net income to $608,589. The company maintains a strong balance sheet, highlighted by a 120% increase in cash reserves and no debt as of year-end 2022. An earnings conference call is scheduled for March 22, 2023.
LFTD Partners Inc. (OTCQB:LIFD), parent of Lifted Made, is set to release its financial results for the fiscal year ending December 31, 2022, after the market closes on March 21, 2023. An earnings conference call will follow on March 22, 2023, at 8:30 AM ET, allowing participants to ask questions. The company focuses on hemp and psychoactive products, with brands such as Urb Finest Flowers and Silly Shruum. LFTD also has a stake in Ablis, a CBD-infused beverage company, and craft distillers Bendistillery Inc., enhancing its portfolio in the cannabis industry.
LFTD Partners Inc. (OTCQB: LIFD) announced a five-year exclusive agreement with Cali Sweets, LLC, which allows its subsidiary, Lifted Made, to manufacture and distribute disposable vape and gummy products under the Koko Puffz and Koko Gummiez brands. The partnership involves shared production and marketing costs, with 60% of revenue going to Lifted Made. CEO Gerard Jacobs emphasized that this collaboration helps expand Lifted Made's business without stock dilution or borrowing needs. The agreement is expected to leverage social media marketing by Cali Sweets to increase product visibility.