Company: LIFD
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001096906-25-000819
Chunk: 268

Company: LFTD PARTNERS INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 2
Chunk 268
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onents of our industry are known to be lobbying for legislation similar to the bills passed in the Senates of the states of Florida and Texas, intending to curb or eliminate the sales of hemp-derived products in other jurisdictions including but not limited to the states of Illinois, and if such legislation becomes law, it could materially adversely affect our sales of hemp-derived cannabinoid-infused products in those jurisdictions and the trading price of our common stock (4)The visibility and trading volume of our common stock are low, and any material increase in such visibility and trading volume is likely dependent upon our ability to list our common stock on a recognized stock exchange, but our ability to satisfy the listing requirements for a recognized stock exchange cannot be guaranteed or assured. A continued inability to satisfy the listing requirements for a recognized stock exchange could materially adversely affect the visibility, trading volume, and trading price of our common stock.

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ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

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

NOTE 9 – SHAREHOLDERS’ EQUITY

Issuance of Series A Convertible Preferred Stock 

Issuance of Series B Convertible Preferred Stock

Share-Based Compensation 

NOTE 1 – DESCRIPTION OF THE BUSINESS OF LFTD PARTNERS INC. 

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

Corp.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None; not applicable.

ITEM 4. MINE SAFETY DISCLOSURES

None; not applicable.

ITEM 5. OTHER INFORMATION

None; not applicable.

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ITEM 6. EXHIBITS.

The following Exhibits have been previously filed in the below referenced filings or have been attached hereto, and in any case, as is stated on the cover of this Report, all of the below Exhibits are incorporated herein by reference.

10.53 Compensation Agreement between Acquired Sales Corp., Gerard M. Jacobs and William C. "Jake" Jacobs dated as of June 19, 201910.58 Lease Agreement - 5511 95th Avenue, Kenosha, WI 5314410.61 Lease Agreement - 8920 58th Place, Suite 850, Kenosha, WI 53144 10.62