LFTD subsidiary Lifted Made becomes exclusive US manufacturer/distributor of Jeeter hemp-derived cannabinoid products

LFTD PARTNERS INC.

Revenue split: 60% to Jeeter, 40% to Lifted after cost offsets.
Manufacturing, marketing, distribution, and insurance costs shared equally (50/50).
Two-year initial term; auto-renews if first-year sales hit $48M minimum.
Non-compete triggers if monthly revenue exceeds $1.5M and six-month revenue reaches $9M – Lifted barred from making/selling cannabis pre-rolled joints outside agreement.
Finder's fee of 6.5% of Lifted's profit paid to Florence Mirsky for introducing Jeeter.

item 1.01 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 Jeeter Agreement with DreamFields Brands Inc. d/b/a Jeeter (effective 2023-07-14).

Action: entry
Agreement: supply
Counterparty: DreamFields Brands Inc. d/b/a Jeeter
Effective: 2023-07-14

Exact text from the filing

Lifted Liquids, Inc. d/b/a Lifted Made (“Lifted”), a wholly owned subsidiary of LFTD Partners Inc., and DreamFields Brands Inc. d/b/a Jeeter (“Jeeter”) entered a Manufacturing, Sales and Marketing Agreement dated as of July 14, 2023 (the “Jeeter Agreement”).

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LFTD PARTNERS INC. filing history →

Source: SEC EDGAR

accession 0001096906-23-001426

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