other material
confidence high
sentiment positive
materiality 0.55
LSFP subsidiary Lifted Made expands space 44% with new 5,000 sq ft lease in Kenosha
LFTD PARTNERS INC.
- Leased additional 5,000 sq ft in Kenosha, WI for 3-year term starting Oct 1, 2021; base monthly rent $2,395.84, escalating 3% annually.
- Aggregate operational space increases 44% as Lifted Made expands for third time in 18 months.
- Space will serve as sales offices and raw materials storage to support growing hemp-derived cannabinoid products business.
- COO cites pending acquisitions of Savage Enterprises and Fresh Farms (subject to contingencies) and cash on hand exceeding $4.5M.