Company: LIFD
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001096906-25-000346
Chunk: 278

Company: LFTD PARTNERS INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 278
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 results of operations, liquidity and financial condition and certain factors that may affect our future results. This MD&A should be read in conjunction with the Company’s risk factors, consolidated financial statements and related, accompanying notes that appear elsewhere in this Annual Report on Form 10-K. In addition to historical financial information, the following MD&A contains forward-looking statements and forward-looking information, as defined under applicable United States securities laws, that reflect our plans, estimates and beliefs. MD&A of our financial condition and results of operations is provided as a supplement to the accompanying financial statements and related notes to help provide an understanding of our financial condition, the changes in our financial condition and the results of operations. 

As a result of many factors, the Company’s actual results may differ materially from those anticipated in these forward-looking statements and information. The Company’s consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States (“US GAAP”). Financial information presented in this MD&A is presented in United States dollars (“$”).

Cautionary Note Regarding Forward-Looking Statements

Reference is hereby made to the disclosures above in the following sections, which are hereby incorporated by reference thereto: 

 96Table of Contents

PART I 

Cautionary Note Regarding Forward-Looking Statements

SUMMARY OF RISK FACTORS

Overview

Reference is hereby made to the description of the business of LFTD Partners Inc. in the following section, which is hereby incorporated by reference thereto: 

ITEM 1. BUSINESS

Description of the Business of LFTD Partners Inc.

Lifted

Ablis, Bendistillery and Bend Spirits

Bank Financing and Purchase of Headquarters Building

Purchase of the 5511 Building

$3,000,000 Working Capital Loan

$910,000 Loan

Manufacturing, Sales and Marketing Agreements

Cali Sweets Agreement

Manufacturing, Sales and Marketing Agreement With Diamond Supply Co.

Jeeter Agreement

Mirsky Agreement

Lifted Purchase of Assets of Oculus CRS, LLC, and Merger With Oculus CHS Management

Corp.

Extrax NM Agreement

Manufacturing, Sales and Marketing Agreement With Subsidiary of a Large, Publicly Traded 

US Marijuana Company

Capital Raise

Liquidity and Capital Resources

On February 24, 2020, the Company acquired 100% of the ownership interests of Lifted. All of the Company’s sales are generated by the Company’s wholly owned subsidiary Lifted; LFTD Partners by itself