Lifted Made compensates losses in e-cigarette deal.

Jan.04.2023

Lifted Made, a subsidiary of LFTD Partners Inc., reached an agreement to replace over $1 million in lost disposable e-cigarette devices.

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).

#E-liquids #Market #Africa #Kenya #E-cigarette #E-cigarettes and Tobacco

This document has been generated through artificial intelligence translation and is provided solely for the purposes of industry discourse and learning. Please note that the intellectual property rights of the content belong to the original media source or author. Owing to certain limitations in the translation process, there may be discrepancies between the translated text and the original content. We recommend referring to the original source for complete accuracy. In case of any inaccuracies, we invite you to reach out to us with corrections. If you believe any content has infringed upon your rights, please contact us immediately for its removal.

Over 179,000 E-Cigarettes Destroyed in Samut Prakan as Thai Government Tightens Enforcement

Thailand’s Office of the Prime Minister, led by Minister Santi Piyatat, has destroyed nearly 179,000 confiscated e-cigarettes and accessories worth 33 million baht (approx. USD 1,020,000) as part of the government’s ongoing campaign for a “Vape-Free Thai Society.”Officials said the action demonstrates Thailand’s strict enforcement of anti-vaping laws and its commitment to protecting youth and public health.

Nov.27 by 2FIRSTS.ai

U.S. Chicago CBP Seizes $358,000 Worth of Illegal Vapes

U.S. Customs and Border Protection (CBP) officers in Chicago seized 43,200 illicit vaping products valued at over $358,000 for violating the Federal Food, Drug, and Cosmetic Act. The shipment originated from China and was destined for Mississippi.

Nov.07 by 2FIRSTS.ai

Complete Vape Prohibition Takes Effect Across Uzbekistan

Uzbekistan has enacted a nationwide ban on the sale and circulation of e-cigarettes and related vape liquids, following the approval of a new law signed by President Shavkat Mirziyoyev. The legislation introduces criminal liability for violations, with penalties including fines of 300 to 500 basic calculation units (approximately US$10,300–17,200), corrective labor for up to three years, or imprisonment for up to five years.

Nov.28 by 2FIRSTS.ai

UK Peer Seeks to Weaken “Generational Smoking Ban” – Report Reveals Discussions with BAT Executive Relative

Lord Strathcarron, a member of the UK House of Lords, has admitted to discussing the government’s Tobacco and Vapes Bill with a relative who holds a senior role at British American Tobacco (BAT). He is advocating amendments to scrap the bill’s core “generational smoking ban” provision, raising questions of potential conflict of interest.

Oct.27