Richard Morrissy
On June 14, 2026, Richard (“Rich”) Morrissy notified LFTD Partners Inc. (the “Company”) of his resignation from the Company’s Board of Directors, effective immediately.
Highest-materiality recent filing
LFTD Partners subsidiary agrees to sell Kenosha facility for $1.5M
Purchase price $1.5M; buyer to deposit $150K earnest money.
Director Richard Morrissy resigns from LFTD Partners board due to health concerns
Richard Morrissy resigned from the Board of Directors on June 14, 2026.
LFTD Partners terminates all five Letters of Intent with Sustainable parties
Terminated five Letters of Intent dated Feb 19, 2025 with Sustainable Innovations, TMD Ventures, Sustainable Properties, Sustainable Growers, and related individuals.
LFTD Partners loses $350k in USDC stablecoin theft; obtains insider loan for working capital
On April 1, 2025, $350k of USD Coin (USDC) stolen from Company's digital wallet by unauthorized third party.
LOIs target marijuana craft grow, transport, and infuser licenses in Illinois; real estate in Rockford; and hemp/retail brands (Mrs. Buckbee's, District, Half Baked).
LFTD appoints CFO/President Jake Jacobs to board after director Warrender's death
William C. 'Jake' Jacobs, age 36, appointed to fill board vacancy created by death of Robert T. Warrender II.
LFTD Partners annual meeting elects 9 directors and ratifies auditors
All nine director nominees elected with between 87.65% and 98.67% of votes cast.
LFTD Partners appoints Sharial Howard to its Board of Directors
Sharial Howard, 43, appointed as ninth member of nine-member Board, effective August 20, 2024.
Subsidiary Lifted Made enters exclusive manufacturing/distribution agreement for hemp-derived vape and gummy products.
LFTD Partners secures $3.91M in loans at 9.5%-10%, buys Kenosha building for $1.375M
Joint borrowers LIFD and Lifted Made borrowed $3M working capital (9.5% fixed) and $910K (10% fixed) from Surety Bank.
Revenue split: 60% to Jeeter, 40% to Lifted after cost offsets.
Lifted Made purchases Oculus CRS assets for $368K; merger earn-out capped at $6M
Paid $368,488 cash for Oculus CRS assets including equipment, inventory, and a machine purchase contract for $309,213.
Lifted Made to be exclusive worldwide manufacturer of Diamond-branded vapes, gummies, pre-rolls, and hard candies containing CBD, hemp, delta-8/10-THC, cannabis.
LFTD Partners doubles COO Nicholas Warrender's base salary to $500,000/year
Base salary increased from $250,000 to $500,000 per year.
Revenue split 60% to Lifted Made, 40% to Cali Sweets; production/marketing costs shared equally.
LFTD Partners subsidiary recoups ~$1M from vape manufacturer for clogged devices
Agreement forgives $630,000 in payables and provides $370,047 in future purchase credits.
Lease for 4,657 sq ft in Kenosha, WI, starts Feb 1, 2023, for 61 months.
LFTD Partners accelerates $1.375M note repayment to Dec 2022; extends building purchase to Dec 2023
Remaining note balance $1,833,334; $1,374,999 (75%) accelerated to Dec 31, 2022; final $458,335 due Dec 31, 2024.
LFTD Partners subsidiary signs 5-year lease to internalize packing, expand space 25%
Lease for 6,132 sq ft in Kenosha, WI; term from July 1, 2022 through June 30, 2027.
LFTD Partners amends exec comp; caps 2022 bonus to protect $0.56 diluted EPS
Terminates right to bonus compensation exceeding Modified 2021 Bonus Pool from Dec. 2021 agreement.
Nicholas Warrender loans $2.75M at 2.5%; previous $3.75M note repaid; loan secured by all assets and stock.
LOI dated June 15, 2021 to acquire Savage Enterprises, Premier Greens LLC, and MKRC Holdings, LLC terminated Dec 15, 2021.
LFTD Partners subsidiary Lifted Made signs 5-year lease for 8,000 sq ft warehouse in Kenosha
Lease with TI Investors of Kenosha LLC for space at 8910 58th Place, Kenosha, WI, starts Jan 1, 2022 through Dec 31, 2026.
New 5-year lease for 8,000 sq ft; base rent $4,000/mo in Y1, 3% annual escalation.
LFTD Partners files investor presentation; no material new information disclosed
Company furnished investor presentation slides under Item 7.01, not filed with SEC.
LSFP subsidiary Lifted Made expands space 44% with new 5,000 sq ft lease in Kenosha
Leased additional 5,000 sq ft in Kenosha, WI for 3-year term starting Oct 1, 2021; base monthly rent $2,395.84, escalating 3% annually.
LFTD Partners signs LOI to acquire Fresh Farms for ~$45.6M in cash and stock
Total consideration of $14.17M cash plus 7.08M unregistered shares valued at $31.45M using $4.44 closing price.
On June 14, 2026, Richard (“Rich”) Morrissy notified LFTD Partners Inc. (the “Company”) of his resignation from the Company’s Board of Directors, effective immediately.
On August 20, 2024, the Board of Directors of LFTD Partners Inc. appointed Sharial Howard to fill a vacancy to serve as the ninth member of LFTD Partners Inc.'s nine-member Board of Directors, formally accepted by Ms. Howard on August 20, 2024.
Max materiality 0.75 · Median 0.55 · Most common event other_material