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. 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) has announced its subsidiary, Lifted Made, is expanding operations with a new lease of 6,132 square feet in Kenosha, WI, effective July 1, 2022. This expansion marks the fifth in two years, increasing total space by 25% to 30,370 square feet. The lease includes a base charge of $10.75 per square foot, with a 2.5% annual rent increase. The move aims to internalize packing functions and enhance control over operations, which is expected to boost earnings per share.
LFTD Partners (OTCQB:LIFD) reported record financial results for Q1 2022, showing significant growth compared to both the previous quarter and the same quarter last year. Revenue surged 41% from Q4 2021 to $18,088,877, while net income jumped 118% to $2,944,793. On a year-over-year basis, revenue increased 439%, and net income rose 376%. Lifted Made's product sales heavily favored hemp-derived products, contributing to 96% of total sales. The company is actively pursuing $10-$15 million in debt financing to support continued growth and inventory needs.
LFTD Partners Inc. (LIFD) announced that its subsidiary, Lifted Made, is running a second shift to meet rising demand for its cannabinoid and psychedelics products. The company has expanded from 3,300 sq. ft. to 24,238 sq. ft. in Kenosha, Wisconsin, increasing its workforce from 10 to over 125 employees. Projected revenues for 2022 are anticipated to exceed $75 million, reflecting significant growth. The ongoing expansion and revenue generation highlight Lifted Made's success in the cannabis and psychedelics market.
LFTD Partners Inc. (OTCQB: LIFD), a rapidly growing cannabis and psychedelics company, will present at the Benzinga Psychedelics Capital Conference on April 19, 2022, at 2:40 PM ET in Miami Beach. The presentation will be live-streamed and recorded. LFTD's subsidiary, Lifted Made, recently launched two new psychedelic products and will discuss a new federally-compliant product expected later this year. Additionally, LFTD will sponsor the conference reception and have a booth at the Benzinga Cannabis Capital Conference from April 20-21, 2022.
LFTD Partners Inc. (OTCQB: LIFD), a rapidly growing and profitable cannabis and psychedelics company, announced that its Vice Chairman and COO Nick Warrender, along with President and CFO Jake Jacobs, were interviewed by Proactive Investors on April 4, 2022. The interview highlights their recent business developments and growth strategies. LFTD focuses on acquiring profitable companies that sell hemp-derived cannabinoid products and emerging psychedelics. The company operates through its subsidiary, Lifted Made, known for award-winning products in the market.
LFTD Partners Inc. (OTCQB:LIFD) reported exceptional financial results for Q4 and the full year of 2021, achieving a remarkable 492% revenue increase to $31.66 million compared to 2020. The company transitioned from a net loss of $(1.53 million) in 2020 to a net income of $5.80 million in 2021. Key highlights include basic earnings per share rising to $0.50. Despite a one-time impairment affecting Q4 results, LFTD expects revenues to surpass $75 million in 2022, driven by strong Q1 sales and new product launches.
LFTD Partners Inc. has officially changed its ticker symbol on the OTCQB Venture Market from LSFP to LIFD as of March 15, 2022. The company is focused on acquiring profitable businesses in the hemp-derived cannabinoid and emerging psychedelic sectors. Its first subsidiary, Lifted Made, offers award-winning hemp products, while LFTD also holds a 4.99% stake in CBD beverage company Ablis and operates distillers like Bendistillery. For further details, stakeholders are encouraged to consult SEC filings and their official websites.