Followers | 43 |
Posts | 5751 |
Boards Moderated | 0 |
Alias Born | 04/12/2021 |
Thursday, July 28, 2022 10:24:32 AM
LFTD Partners Prepays Its Remaining Secured Debt Of $916K
LFTD Partners Inc. (OTCQB: LIFD) has prepaid the remaining $916,668 of the principal of its note payable relating to the purchase of its subsidiary Lifted Made, Kenosha, WI, using free cash flow generated by Lifted Made's operations. The full payoff, which follows LFTD Partners' earlier prepayments of secured debt totaling $2,83 million over the past eight months, leaves LFTD Partners Inc. with no remaining secured debt.
William C. "Jake" Jacobs, LFTD Partners Inc.'s president and CFO, stated, "This prepayment of 100% of our secured debt is a true milestone that distinguishes our company from nearly all, if not all, of the other publicly traded cannabis companies."
Gerard M. Jacobs, LFTD Partners Inc.'s chairman and CEO, stated, "With LFTD Partners' secured debt completely paid off, we will now fully focus our attention on a significant potential acquisition that currently is under discussion, and on potential stock buybacks as may be approved by our board of directors from time to time."”
my posts are always theory and not financial advice
Recent LIFD News
- Form 8-K - Current report • Edgar (US Regulatory) • 01/29/2024 09:15:36 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/19/2023 09:06:45 PM
- Form 4/A - Statement of changes in beneficial ownership of securities: [Amend] • Edgar (US Regulatory) • 11/21/2023 11:12:25 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/20/2023 05:22:24 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/13/2023 11:45:47 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/11/2023 09:11:38 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/18/2023 09:01:25 PM
FEATURED NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM