LFTD Partners Inc.

What they do

LFTD Partners is the parent of Lifted Liquids, Inc. d/b/a Lifted Made, based in Kenosha, Wisconsin, which manufactures and sells hemp-derived and other psychoactive products under the Urb Finest Flowers brand (vapes, cartridges, edibles, joints, blunts) as well as hemp-derived beverages under Highlandia, hemp-free wellness gummies under Mielos, and hemp-free energy gummies under Rebel Energy Gummy. Lifted is the worldwide exclusive manufacturer and seller of Diamond Supply Co. hemp-derived products, sells via distributors, wholesalers and direct-to-consumer online, and also makes private-label products. LFTD Partners also owns 4.99% of Ablis and 4.99% of craft distiller Bendistillery d/b/a Crater Lake Spirits, both in Bend, Oregon.

Revenue drivers

• Urb Finest Flowers hemp-derived products — Lifted's flagship brand of hemp-derived psychoactive products including vapes, cartridges, edibles, joints and blunts; sold through distributors, wholesalers and DTC online, and the company's primary revenue base.
• Private label and licensing — Lifted manufactures and sells hemp-derived and non-hemp-derived products to private-label clients and licenses the Urb brand name to Extrax NM LLC for marijuana products in New Mexico.
• Highlandia hemp-derived beverages — Beverage line that Lifted began selling in the first quarter of 2026 under the Highlandia brand.
• Mielos and Rebel Energy Gummy — Hemp-free health and wellness gummies (Mielos, launched Q2 2024) and hemp-free energy gummies (Rebel Energy Gummy, launched Q3 2024); smaller, newer non-hemp lines.

Recent performance

Annual revenue declined from $57.4M in 2022 to $37.3M in 2024 and $36.9M in 2025, while net income swung from $7.2M in 2022 to a $24.9M loss in 2025. Quarterly revenue has been $9.1M (2025-09-30), $8.4M (2025-12-31), $9.2M (2026-03-31) and $8.7M (2026-06-30). For the three months ended June 30, 2026, net sales were $8,705,194 versus $10,325,336 in the prior-year quarter, with cost of goods sold of $8,053,961 versus $7,078,942. For the six months ended June 30, 2026, net sales were $17,863,400 versus $19,449,186 in the first half of 2025, and cost of goods sold was $18,918,247 versus $13,985,399.

Strategy

Management states it is primarily interested in acquiring companies operating outside of the hemp or marijuana industries, which it describes as carrying many regulatory risks. The company continues to build its existing brand portfolio, having launched Mielos in Q2 2024, Rebel Energy Gummy in Q3 2024, and Highlandia hemp-derived beverages in Q1 2026. It holds minority stakes of 4.99% each in Ablis and Bendistillery, and has an exclusive worldwide arrangement with Diamond Supply Co. for hemp-derived products. As of December 31, 2025, the company recorded goodwill impairment charges reducing Lifted Goodwill and Oculus Goodwill to $0, and impairments reducing its Ablis investment to $0 and its Bendistillery investment to $99,800.

Risks

• Federal ban on intoxicating hemp products — The Act signed November 12, 2025 bans intoxicating hemp-derived consumable products nationally on November 12, 2026, which could directly hit Lifted's core hemp-derived product sales.
• Goodwill and investment impairments — As of December 31, 2025, LFTD recorded goodwill impairment charges on Lifted Goodwill and Oculus Goodwill to $0, and impairments on Ablis (to $0) and Bendistillery (to $99,800).
• Substantial ongoing payment obligations — The company cites payment obligations including its Business Loan, payroll and benefits, rent, inventory, legal and professional fees, preferred stock dividends, income and excise taxes.
• Inventory obsolescence — Lifted states it finds it extremely difficult to predict future sales and raw goods needs, exposing it to write-offs of obsolete raw goods and slow-moving finished goods; inventory is carried net of a $6,596,096 allowance at June 30, 2026 versus $0 at December 31, 2025.

Outlook

Management states it is primarily interested in acquiring companies outside the hemp or marijuana industries, which have many regulatory risks. The company notes uncertainty over whether the sections of the Act impacting the hemp industry will go into effect on November 12, 2026. It also flagged that it has incurred substantial losses in the past and may incur significant losses in the future.