Acquired Sales Corp. announced that it has signed a letter of intent to purchase 19.99% of the ownership of CBD-infused beverage maker Ablis, LLC, and of craft distillers Bendistillery Inc. d/b/a Crater Lake Spirits and Bend Spirits, Bend, Oregon for a total of $7,596,200 in cash. The management teams of Ablis, Crater Lake Spirits and Bend Spirits will continue to lead their respective companies following the closing of the transaction, and Gerard M. Jacobs, CEO of Acquired Sales Corp., will join the board of directors of each company.
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.