Lift & Co. Corp. announced that it has temporarily laid off members of its workforce and paused operations of non-profitable business segments due to extenuating circumstances outside of the company's control. Specifically, due to the COVID-19 pandemic and the effects the pandemic is having on event businesses around the world, the company has made difficult and strategic decisions intended to preserve cash and long-term shareholder value. The company remains committed to continuing its profitable Lift & Co. Expo and CannSell lines of business which will be operationally unaffected by these changes. As the COVID-19 pandemic continues to grow and impact commerce globally, Lift & Co. is focusing on ensuring the safety and well-being of its employees and viability of the company. The company intends to rehire those affected by the temporary layoffs if and when the COVID-19 pandemic is resolved.