Livewire Ergogenics, Inc. (OTC Pink: LVVV) operates within the health and wellness sector. Specifically, the company focuses on the acquisition, licensing, and management of cannabis real estate turnkey opportunities. Shares of the California-based cannabis company are rallying 21.07%, through early trading on Thursday, January 3, 2019. Over the past three months, Livewire Ergogenics has seen average daily volume of 1.26 million shares. However, volume of 1.69 million shares or dollar volume of $60,840, has already exchanged hands through early trading on Thursday.
Shares of Livewire Ergogenics, Inc. are gaining on Thursday, after the company announced that it has received cultivation license approval from CalCannabis, a division of the California Department of Food & Agriculture. The license grants cannabis cultivation approval for the company’s Nursery Pod facility in Coachella, CA. Here is the full press release detailing of the cultivation license approval:
Livewire Ergogenics, Inc. Press Release:
Anaheim, CA, Jan. 03, 2019 (GLOBE NEWSWIRE) — LiveWire Ergogenics, Inc. (OTC: LVVV) announced today that its subsidiary GHC Ventures has been granted a Cultivation License from CalCannabis, a division of the California Department of Food and Agriculture to begin production in its high-tech Nursery Pod facility in Coachella, California. LiveWire Ergogenics, Inc. is a company focused on the acquisition, licensing and management of special-purpose real estate properties and the development of compliant turnkey production facilities for licensed cannabis-based operations.
Bill Hodson, CEO of LiveWire stated, “We had to jump through many hoops to get this done, but this is a great way to kick-off the new year for the company and our shareholders. As it was our plan when we designed, built and constructed our self-contained high-tech Pods, we are now able to commence with production immediately, and based on the increasing market demand in California, we are planning to significantly expand our operation in Coachella. This is the first major step in the implementation of our master plan to become the leading supplier of the highest quality products and distribution services for the large-scale cannabis growth industry in California.”
This cultivation license positions LiveWire in a critical role in the legal cultivation of commercial cannabis goods in the State of California, further empowered by the statewide Cannabis Distribution License it has recently been granted. As a first step in the implementation of LiveWire’s master plan, operation in the Coachella facility will ensure all customers receive only the finest 7X Pure Verified products.
LiveWire’s first high-tech and self-contained Production Pod in Coachella is equipped with dedicated air conditioning and decontamination units and is used for the cloning, genetics development and research of proprietary, high-quality and pesticide-free cannabis strains. The Company will soon be launching a dedicated website for sales and additional social media platforms to promote its Coachella products.
CalCannabis Cultivation Licensing is a division of the California Department of Food and Agriculture (CDFA) and ensures public safety and environmental protection by licensing and regulating commercial cannabis cultivators in California. CalCannabis also manages the state’s track-and-trace system, which tracks all commercial cannabis and cannabis product; from cultivation to sale.
About LiveWire Ergogenics, Inc.
LiveWire Ergogenics, Inc. (LVVV) specializes in identifying and monetizing current and future trends in the health and wellness industry. The Company is focused on acquiring, licensing and managing specialized turnkey cannabis real estate locations of fully compliant and permitted turnkey facilities for the production of cannabis-based products and services in California. The Company is also establishing select research partnerships to explore the application of cannabinoid-based products to target specific ailments or conditions with large “sufferer” populations for human and veterinarian applications. This includes dosing verification of zero pesticide products for quality brands via its “7X Pure” Cannabis Dosing and Verification System, and development and licensing of legal, high-quality cannabinoid-based products and services. LiveWire Ergogenics does not sell or distribute products that are in violation of the Unites States Controlled Substance Act and is only associated with companies that produce legally compliant products.
For more information about LiveWire Ergogenics, visit http://www.livewireergogenics.com. For non-material updates, follow LiveWire Ergogenics on Twitter @livewireLVVV. Download the Stockwatchindex Research Report at www.swiresearch.com/report-index
Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements. Forward-looking statements may include, without limitation, financial projections, statements regarding the plans and objectives of management for future operations, the development, regulatory approvals and commercialization of the Company’s products, or any of the Company’s other proposed products, systems or services. Such forward-looking statements are not meant to predict or guarantee actual results and performance, events or circumstances and actual events may differ considerably. Factors that may cause actual results to differ materially from any projections may include, without limitation, the Company’s inability to obtain additional financing, delays in the development of its products, the impact of significant new or changing government regulation in the cannabis industry, existing or increased competition, results of arbitration and litigation, stock volatility and illiquidity, and the Company’s failure to implement the Company’s business plans or strategies. The Company assumes no obligation to update any forward-looking statements to reflect any event or circumstance that may arise after the date of this release.