Company: LIFD
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001096906-25-000346
Chunk: 2893

Company: LFTD PARTNERS INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 2893
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 fluctuate for many other reasons, including due to risks described elsewhere in this section and due to risks and uncertainties associated with the following topics and issues:

 ·Issues associated with the legality or safety of products containing hemp-derived cannabinoids, marijuana, psychoactive substances, or other consumable products, including nicotine products; ·Labor unavailability, supply chain disruptions, and other issues and problems associated with pandemics and other force majeure-type events and conditions; ·Lifted’s ability to retain and increase sales to existing customers, attract new customers, satisfy customers’ demands, and maintain profit margins; ·Lifted’s ability to retain and expand its network of wholesalers and distributors; ·Lifted’s ability to expand its online sales; ·Competition from substantially larger and financially stronger competitors; ·Continued access to inventory and suppliers, some of whom may be acquired by competitors or otherwise become unavailable to Lifted; ·Lifted’s ability to offer products on favorable terms, manage inventory, and fulfill orders; ·The introduction of competitive stores, websites, applications, products, services, price decreases, or improvements, and changes in consumer preferences and trends; ·Changes in usage or adoption rates of the internet, e-commerce, electronic devices, and web services, including outside the U.S.; ·Timing, effectiveness, and costs of expansion and upgrades of Lifted’s systems and infrastructure; ·The success of Lifted’s geographic, service, and product line expansions; ·Lifted’s ability to properly store inventory to avoid spoilage and to ensure that devices (such as vapes) work properly; ·Lifted’s ability to properly forecast product demand, so that excess inventory (which could eventually become spoiled or obsolete) is not built up; ·The extent to which Lifted finances, and the terms of any such financing for, Lifted’s current operations and future growth; ·The outcomes of current and future legal proceedings and claims, which may include significant settlement costs, legal fees, monetary damages or injunctive relief and which could have a material adverse impact on Lifted's operating results, balance sheet and liquidity, and could trigger defaults under our loans from Surety Bank;

 53Table of Contents

 ·Tax laws, rules and regulations, the interpretation of tax laws, rules and regulations such as IRS Code Section 280E, and tax audits and the potential for increased taxes and penalties, which could have a material adverse impact on Lifted