Company: LIFD
Filing Date: 2025-04-16
Form Type: 8-K
Source: 0001096906-25-000518
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Company: LFTD PARTNERS INC.
Filing Date: 2025-04-16
Form: 8-K
Item: Item 8.01
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Item 8.01 Other Events.

On April 11, 2025, LFTD Partners Inc. (“ LIFD”) formally notified the counterparties to the following Letters of Intent, each dated as of February 19, 2025, that such Letters of Intent have been terminated, effective immediately:

1. Letter of Intent - Sustainable Innovations Inc. and Marijuana Subsidiaries

2. Letter of Intent - TMD Ventures, LLC

3. Letter of Intent - Sustainable Properties, LLC and Affiliates

4. Letter of Intent - Sustainable Growers, LLC and Affiliates

5. Letter of Intent - Boards of Directors and Executives

After extensive review and negotiations, LIFD determined that the conditions, expectations, and objectives underlying the Letters of Intent could not reasonably be satisfied on acceptable terms. As a result, LIFD has elected to terminate all such Letters of Intent in accordance with their respective termination provisions.

The termination applies to all related transactions and agreements contemplated under the aforementioned Letters of Intent, which are now considered null and void with no further force or effect. LIFD will not proceed with any of the transactions contemplated by the terminated Letters of Intent.

Section 9 - Financial Statements and Exhibits

Item 9.01Financial Statements and Exhibits.