Lifted Made compensates losses in e-cigarette deal.
The American company Lifted Made is a wholly-owned subsidiary of LFTD Partners Inc. LFTD is a major outlet for the sale of THC products derived from marijuana in the United States.
Recently, LIFD reached an agreement with its third-party manufacturer of disposable electronic cigarettes. Under the agreement, Lifted Made will compensate for over $1 million of losses caused by the blockage of disposable electronic cigarettes. This is equivalent to approximately 6.88 million yuan.
An overseas manufacturer of disposable e-cigarette devices has agreed to destroy $630,000 worth of devices it delivered to Lifted Made, and will provide a credit line for future purchases totaling $370,000. The credit line will be available in 2023 and 2024, with $185,000 per year (approximately RMB 1.27 million).
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