Lifted Made Sells Kenosha Headquarters for $1.5M and Repays Bank Debt

Lifted Made, the wholly owned subsidiary of LFTD Partners Inc. through which the company develops, manufactures and markets hemp-derived consumer products, completed the sale of its former headquarters building at 5511 95th Avenue in Kenosha, Wisconsin, on September 29, 2026, for $1.5 million in cash and repaid all of its outstanding bank debt, the company announced in an October 1, 2026 press release.

According to the company’s announcement, Lifted Made used $841,110 of the proceeds to repay the debt, and LFTD Partners held more than $2.4 million in cash on hand following the sale and repayment.

Jake Jacobs, president and chief financial officer of LFTD Partners, said in the announcement: “This transaction strengthens our financial flexibility as we navigate continued regulatory uncertainty in the hemp industry. As of September 30, LFTD Partners’ consolidated cash on hand exceeds our company’s stock market capitalization by almost $1 million.”

In connection with the sale, Lifted Made consolidated the operations previously conducted at the building into its existing leased facilities in Kenosha, which total 41,025 square feet, the company stated.

Sale Terms and Property History

The buyer was Ad Real Estate Group LLC, according to a Form 8-K filed with the U.S. Securities and Exchange Commission. At closing, Lifted conveyed title to the building by warranty deed. The purchase price was determined by arm’s-length negotiation between Lifted and the buyer, and the filing states that neither the company nor Lifted has any material relationship with the buyer other than the purchase agreement and the transactions it contemplated.

The sale was made under a Commercial Offer to Purchase made July 21, 2026 and executed July 22, 2026, which LFTD Partners previously reported in a Form 8-K filed on July 24, 2026. The agreement was filed as Exhibit 10.94 to that earlier report.

The building, approximately 11,238 square feet, was purchased by Lifted on December 14, 2023 for $1,375,000. It had served as Lifted’s principal operations facility, used for office space, manufacturing and storage, and it was the only real property owned by the company and its subsidiaries.

Loan Repayment and Net Proceeds

On September 29, 2026, in connection with the closing, LFTD Partners and Lifted Liquids Inc., an Illinois corporation doing business as Lifted Made, repaid in full all amounts outstanding under the $910,000 loan made to them as joint borrowers by Surety Bank of DeLand, Florida, on December 14, 2023. The net proceeds of that loan had been used by Lifted to pay a portion of the building’s purchase price. The loan bore interest at a fixed rate of 10% per annum, was scheduled to mature in December 2028, and was secured by a first-priority mortgage on the building.

The filing states the payoff amount as $841,109.63, representing all outstanding principal and accrued interest on the loan plus a $9,100 prepayment penalty, paid to Surety Bank out of the sale proceeds at closing. Upon payment, the loan was satisfied in full and terminated, and Surety Bank’s first-priority mortgage was released. The company stated it has no remaining bank debt outstanding.

The balance of the purchase price was reduced by a brokerage commission of $45,000 payable to the listing broker, Wisconsin real estate transfer tax of $4,500, prorated real estate taxes of $12,823.27 credited to the buyer, title, escrow and closing charges of $3,697, and other customary closing costs. After those payments, prorations and closing costs, the net cash proceeds to Lifted from the sale were $592,485.36.

The company stated it intends to use the net proceeds remaining after the loan payoff for working capital and general corporate purposes. It has not yet determined the accounting treatment or the financial statement impact of the sale, including whether the sale will result in a net gain or a net loss, and said the financial effects will be reflected in its financial statements for the quarter ended September 30, 2026.

LFTD Partners Inc. is a Nevada corporation based in Jacksonville, Florida, whose common stock is quoted on the OTCQB Venture Market under the symbol LIFD. Through Kenosha-based Lifted Made, it develops, manufactures and markets branded consumer products, including hemp-derived products and beverages under the Urb and Highlandia brands and hemp-free health and wellness gummies under the Mielos brand. LFTD Partners also owns 4.99% non-controlling equity interests in hemp-derived beverage and products company Ablis and in craft distiller Bendistillery of Bend, Oregon. According to the company’s website, Lifted Liquids was founded in 2014 by Nick Warrender, and its flagship brand is Urb Finest Flowers. Gerard M. “Gerry” Jacobs serves as chairman, chief executive officer and secretary, Nicholas S. Warrender as vice chairman and chief operating officer, and William C. “Jake” Jacobs as director, president, chief financial officer and treasurer.

The Form 8-K was signed by Chief Executive Officer Gerard M. Jacobs and dated September 30, 2026.