secwatch.observer — SEC 8-K summary
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Issuer:     LFTD PARTNERS INC. (LIFD)
CIK:        0001391135
Form:       8-K
Filed at:   2023-07-18T23:59:59+00:00
Accession:  0001096906-23-001426
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1391135/000109690623001426/0001096906-23-001426-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1391135/000109690623001426/lsfp-20230717.htm
  HTML page:      https://secwatch.observer/filing/0001096906-23-001426

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