secwatch.observer — SEC 8-K summary
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Issuer:     LFTD PARTNERS INC. (LIFD)
CIK:        0001391135
Form:       8-K
Filed at:   2021-09-02T23:59:59+00:00
Accession:  0001096906-21-002214
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LFTD Partners signs LOI to acquire Fresh Farms for ~$45.6M in cash and stock
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- Total consideration of $14.17M cash plus 7.08M unregistered shares valued at $31.45M using $4.44 closing price.
- Fresh Farms reports unaudited YTD 2021 revenue >$17M (doubled 2020's $8M) and pre-tax profit ~$7M.
- Closing conditioned on $50M capital raise by AQSP, acceptable due diligence and audit, and definitive agreements.
- Fresh Farms co-founders to remain as CEO, Sales Manager, Director of Sales, and consultant under 5-year rolling deals.
- Acquisition would add e-liquid brands Fruitia, HAPPI, JUS, and 80% of Lift Brands North America.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1391135/000109690621002214/0001096906-21-002214-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1391135/000109690621002214/aqsp-20210901.htm
  HTML page:      https://secwatch.observer/filing/0001096906-21-002214

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer