LFTD Partners Inc. Expands into Illinois Cannabis Market

LFTD Partners Inc., through its subsidiary Lifted Made, is set to acquire multiple cannabis licenses and facilities in Illinois. The company announced letters of intent for four transactions including acquiring Illinois Cannabis Licenses and properties in Skokie and Rockford. If successful, the transactions will involve 7,635,925 shares of unregistered common stock in LIFD as acquisition consideration.

The acquisitions aim to diversify LIFD's portfolio into cannabis and retail sectors. The transactions are contingent on several conditions, including regulatory approvals and audits. John Murray and Erik Carlson are poised to join LIFD's leadership team, bringing extensive industry experience.

Despite inherent risks, such as regulatory compliance and integration challenges, the executive team remains optimistic. They are confident in the synergies between their current operations and the new ventures. These steps mark LIFD's strategic expansion into the regulated marijuana market, broadening its asset base in Illinois.