secwatch.observer — SEC 8-K summary
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Issuer:     LFTD PARTNERS INC. (LIFD)
CIK:        0001391135
Form:       8-K
Filed at:   2024-01-29T23:59:59+00:00
Accession:  0001096906-24-000119
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

LFTD Partners subsidiary signs exclusive manufacturing deal with large publicly traded marijuana firm
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- Subsidiary Lifted Made enters exclusive manufacturing/distribution agreement for hemp-derived vape and gummy products.
- Agreement effective Jan 20, 2024; initial term of 18 months, renewable by mutual consent.
- Lifted Made receives 40% royalty on remaining revenue after cost recovery; 50% down payment on purchase orders.
- Management says similar 2023 agreements did not increase Lifted Made revenues by more than 5%.
- No assurance new agreement will have greater impact; counterparty is a large publicly traded marijuana company.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1391135/000109690624000119/0001096906-24-000119-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1391135/000109690624000119/lsfp-20240123.htm
  HTML page:      https://secwatch.observer/filing/0001096906-24-000119

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