LFTD Partners Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 15, 2021 at 02:36 pm EST
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LFTD Partners Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was USD 8.82 million compared to USD 1.51 million a year ago. Net income was USD 2.24 million compared to USD 0.095823 million a year ago. Basic earnings per share from continuing operations was USD 0.17 compared to USD 0.01 a year ago. Diluted earnings per share from continuing operations was USD 0.14 compared to USD 0.01 a year ago.
For the nine months, sales was USD 18.87 million compared to USD 3.15 million a year ago. Net income was USD 4.45 million compared to net loss of USD 2.08 million a year ago. Basic earnings per share from continuing operations was USD 0.42 compared to basic loss per share from continuing operations of USD 0.36 a year ago. Diluted earnings per share from continuing operations was USD 0.32 compared to diluted loss per share from continuing operations of USD 0.36 a year ago.
LFTD Partners Inc. is involved in the development, manufacturing and sale of a variety of branded, hemp-derived, psychoactive and alternative lifestyle products, and of products involving nicotine, tobacco and marijuana. Its subsidiary is Lifted Made (Lifted), which manufactures and sells hemp-derived cannabinoids, psychoactive substances and other alternative lifestyle products, including nicotine products under its Urb Finest Flowers (Urb) brand. Products sold by Lifted include disposable vapes and cartridges, gummies, joints, blunts, and products containing ingredients, such as kanna, muscimol, ashwagandha and kava. Lifted sells its products online primarily through its Website: www.urb.shop. Lifted is also a manufacturer and seller of Diamond Supply Co. (www.DiamondSupplyCo.com) and Cali Sweets hemp-derived products. Lifted also manufactures and sells similar hemp-derived products to private label clients. Lifted also owns 4.99% of CBD-infused beverage and products maker, Ablis.