other material
confidence high
sentiment positive
materiality 0.30
LFTD Partners subsidiary Lifted Made leases additional 8,000 sq ft in Kenosha, WI, expanding space by 49%
LFTD PARTNERS INC.
- New 5-year lease for 8,000 sq ft; base rent $4,000/mo in Y1, 3% annual escalation.
- Fourth expansion in 18 months; aggregate space increased by 49%.
- Lease commences Jan 1, 2022; also responsible for taxes/op costs ~$28,960/yr.
- COO cites cash on hand >$5.4M and potential acquisitions.