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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.
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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.