LFTD Partners Inc., formerly known as Acquired Sales Corp. (OTCQX: AQSP), announced earlier this month that during the second quarter of 2021 it achieved its best ever financials: quarter-over-quarter growth in revenue of 99% – from $3,353,270 to $6,695,144; quarter-over-quarter growth in net income of 158% – from $618,359 to $1,596,154; and quarter-over-quarter growth in basic earnings per share of 75% – from $0.08 to $0.14.
LFTD Partners Inc., based in Jacksonville Florida, is focused upon acquiring rapidly growing companies that manufacture and sell branded hemp-derived cannabinoid products, e-liquid, disposable nicotine vapes, kratom and kava products.
Much of the recent growth is driven by the success of the company’s wholly-owned subsidiary Lifted Made. Lifted Made manufactures and distributes the award-winning Urb Finest Flowers brand of hemp-derived delta-8-THC, delta-9-THC, delta-10-THC and other emerging cannabinoid products.
Lifted Made, a leading manufacturer of hemp and hemp-derived products, was founded in 2014 by CEO Nicholas Warrender. Urb Finest Flowers is Lifted Made’s flagship, award-winning brand. In February 2020, Lifted Made became a wholly-owned subsidiary of publicly traded LFTD Partners Inc (then AQSP).
LFTD Partners also owns 4.99% of CBD-infused beverage and products maker Ablis Holding Company, and of craft distillers Bendistillery Inc. d/b/a Crater Lake Spirits, and Bend Spirits, Inc. LFTD Partners has also signed a letter of intent to acquire delta-8-THC and CBD industry leader Savage Enterprises, and to enter the California marijuana industry by purchasing Premier Greens LLC and MKRC Holdings, LLC, the closing of which transactions are subject to a number of contingencies.