LFTD Partners (LIFD) has released an update.
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Lifted Liquids, Inc., a subsidiary of LFTD Partners Inc., has entered into an 18-month exclusive manufacturing, sales, and marketing agreement with a subsidiary of a large, publicly traded marijuana company, effective January 20, 2024, to produce and distribute hemp-derived vape and gummy products within the United States. While similar to previous agreements in 2023, which did not significantly impact revenues, this agreement includes terms for mutual determination of product prices, customer selection, quality standards, marketing responsibilities, and revenue sharing after cost recovery. Lifted Made will act as an independent contractor, managing sales, distribution networks, and compliance with quality and legal standards, including safety testing and tax payments. The agreement can be renewed mutually and allows for termination under certain conditions.
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