LFTD Partners subsidiary Lifted Made signs lease for additional 4,657 sq ft to expand gummy manufacturing

LFTD PARTNERS INC.

Lease for 4,657 sq ft in Kenosha, WI, starts Feb 1, 2023, for 61 months.
Base rent: $0.73/sq ft annual with 4% yearly increases; first month rent-free.
Total space increases 14% to 37,627 sq ft; seventh expansion in two years.
COO cites capacity to manufacture gummies for outside customers and diversify into other wellness products.
Lease supports scaling in-house gummy production and automation efforts.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

LFTD PARTNERS INC. entered into Lease Agreement with LADI Investments LLC (effective 2022-11-28).

Action: entry
Agreement: lease
Counterparty: LADI Investments LLC
Effective: 2022-11-28

Exact text from the filing

On November 28, 2022, Lifted Liquids, Inc. doing business as Lifted Made, a wholly owned subsidiary of LFTD Partners Inc. (the “Company”), entered into a Lease Agreement (the “Lease”) with LADI Investments LLC, (the “Landlord”) for commercial space (the “Leased Premises”) located at 5732 95th Avenue, Suite 200 and 300, Kenosha, WI 53144 (the “Property”).

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Source: SEC EDGAR

accession 0001096906-22-002872

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