secwatch.observer — SEC 8-K summary
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Issuer:     LFTD PARTNERS INC. (LIFD)
CIK:        0001391135
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0001096906-23-000958
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lifted Made purchases Oculus CRS assets for $368K; merger earn-out capped at $6M
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- Paid $368,488 cash for Oculus CRS assets including equipment, inventory, and a machine purchase contract for $309,213.
- Merger consideration: 100 shares upfront plus earn-out of 5x incremental pre-tax profits (min $1M, max $6M); 80% in stock valued at $5/share.
- Chase and Hagan Sanchez become VP Flower and GM Flower; salaries $150K and $100K respectively; 20 other employees hired.
- Assumed lease in Aztec, NM at $3,850/month through Nov 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1391135/000109690623000958/0001096906-23-000958-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1391135/000109690623000958/lsfp-20230428.htm
  HTML page:      https://secwatch.observer/filing/0001096906-23-000958

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