Company: LIFD
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001096906-25-000346
Chunk: 1046

Company: LFTD PARTNERS INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 16
Chunk 1046
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 rapidly evolving nature of the Company’s industry, NWarrender leads the Company’s efforts to launch new products to stay ahead of trends, find new sales channels, and modify sales strategies. Consumer demands, changes to regulations, proposed legislation, resource needs for Lifted’s collaborations with third parties, and new product opportunities with novel cannabinoids or other active ingredients, are some of the factors that are considered by NWarrender when determining how to allocate the Company’s resources for operations and business development. 

 F-13Table of Contents

Shown below are tables showing the approximate disaggregation of historical revenue:   For the Years Ended   December 31,  Type of Sale 2024     2023     2022   Raw goods $1,004,939   3% $180,743   0% $40,518   0%Private label clients   3,219,428   9%  1,500,344   3%  975,199   2%Wholesalers  9,548,862   26%  10,730,095   21%  7,503,530   13%Distributors   19,929,802   53%  36,724,597   71%  45,522,229   79%End consumers  3,622,197   10%  2,474,784   5%  3,375,059   6%Net Sales $37,325,228   100% $51,610,562   100% $57,416,535   100%   For the Year Ended   December 31,  Product Type 2024     2023     2022    Vapes $16,364,961   44% $27,048,471   52% $29,143,143   51%Edibles  15,890,826   43%  15,125,799   29%  15,810,094   28%Flower  1,572,919   4%  5,193,884   10%  4,865,629   8%Cartridges  3,263,221   9%  4,135,941   8