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Upexi Inc
3030 Rocky Point Drive, Suite 420
Phone: (701) 353-5425p:701 353-5425 TAMPA, FL  33607  United States Ticker: UPXIUPXI
On 5/3/2024, the Securities and Exchange Commission (SEC) charged BF Borgers CPA PC and its owner, Benjamin F. Borgers, with significant violations of Public Company Accounting Oversight Board (PCAOB) standards across more than 1,500 SEC filings from January 2021 to June 2023. The charges included falsely representing compliance with PCAOB standards to clients, fabricating audit documentation, and inaccurately stating compliance in audit reports. According to the SEC's order, of 369 BF Borgers' clients whose public filings from January 2021 through June 2023 incorporated the firm's audits and reviews, at least 75 percent of the filings incorporated audits and reviews that did not comply with PCAOB standards. The financials in this report may include past audits and reviews conducted by BF Borgers CPA PC that are deemed not compliant with PCAOB standards.
Business Summary
Upexi, Inc. is a brand owner specialized in the development, manufacturing and distribution of consumer products. The Company focuses on direct-to-consumer and Amazon brands. The Company’s brands include LuckyTail, PRAX, Cure Mushrooms, Moonwlkr, Gumi Labs, and Upexi Distribution. LuckyTail products consist of its flagship nail grinder and healthy all-natural pet supplements. Gumi Labs manufactures gummies and other products supporting its health and wellness products, including those products manufactured with hemp ingredients. Upexi Distribution manages the warehousing and logistic needs of the Company and provides storage, consolidation, assembly, Amazon preparation, distribution and fulfilment services to its brands and its manufacturing operation.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
YesYes-Yes---

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
9/30/20246/30/2024YesYes--Yes

Industries
SIC Code Description
2833 Medicinal chemicals and botanical products
5999 Miscellaneous retail stores, not elsewhere classified

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Chairman of the Board, Chief Executive Officer AllanMarshall 57 5/1/2019 5/1/2019
Chief Financial Officer, Director Andrew J.Norstrud 50 4/1/2020 1/1/2020
Independent Director Lawrence H.Dugan 57 1/1/2021 1/1/2021
Independent Director GeneSalkind 70 1/1/2021 1/1/2021
Independent Director Thomas C.Williams 58 1/1/2021 1/1/2021

Subsidiaries
Business Name Address City State/Province Country
Interactive Offers LLC 327 Plaza Real Boca Raton FL United States
Cygnet Online LLC 601 North Congress Avenue Delray Beach FL United States

Business Names
Business Name
Cresco Management, LLC
Cygnet Online LLC
Cygnet Online, LLC
23 additional Business Names available in full report.

General Information
Number of Employees: 64 (As of 6/30/2024)
Outstanding Shares: 1,040,924 (As of 12/16/2024)
Shareholders: 3,811
Stock Exchange: NASD
Federal Tax Id: 833378978


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Monday, January 27, 2025