Livewire Ergogenics, Inc. (OTC Pink: LVVV) is engaged as a diversified health and wellness holding company, which primarily operates across the cannabis industry. Shares of the diversified cannabis company skyrocketed 116.52% on Wednesday, February 28, 2018. Over the past month, Livewire Ergogenics, Inc. has seen average daily volume of 6.83 million shares. However, volume of 46.35 million shares or dollar volume of $2.32 million, had exchanged hands on the day.
Shares of the health and wellness holding company soared today after the company announced that it has received its cannabis cultivation license from the city of Coachella, California. The company’s facilities will be within the Coachella Brands property, which includes “two parcels that total 41 acres, divided into an 8-acre and 33-acre parcel.” The phase one buildout will feature an 8-acre parcel that will feature several greenhouses. The property already has two extractors and a vape manufacturer on site. Here is the full press release detailing of the permit approval:
Livewire Ergogenics, Inc. Press Release:
Anaheim, CA, Feb. 28, 2018 (GLOBE NEWSWIRE) — LiveWire Ergogenics, Inc. (OTC: LVVV), a company focused on product development, acquisition and management of legal, fully controlled and contained turnkey production facilities for cannabis-based products and services, announced today that it has obtained a cannabis cultivation / nursery permit for its production facility from the City of Coachella, California. The permit, effective immediately, has been granted for nursery and cultivation activities.
The LiveWire facilities will be built within the walls of the Coachella Brands property that includes a development of two parcels that total 41 acres, divided into an 8-acre and 33-acre parcel. In phase one, LiveWire’s build-out will be on the 8-acre parcel and include several greenhouses and clone-pods for nursery and grow operations. The property already includes two extractors and a vape manufacturer.
Bill Hodson, CEO of LiveWire stated, “Our team has been working diligently to secure local permits in cannabis-friendly municipalities throughout California. The City of Coachella, not only is at the forefront of implementing the new California cannabis laws and establishing a well-regulated business environment, but is also recognized worldwide as a premier entertainment destination”. Mr. Hodson continues, “This permit is a milestone in the Company’s development and demonstrates our commitment to our vision. The focus of our goal is to become the premier provider of quality cannabis products and services in the burgeoning California market. We believe that compliance with the State law and all local ordinances, rules and regulations is the key for any company in this sector to succeed and generate an exceptional ROI for its investors.”
Richard O’Connor, President of Coachella Brands, adds, “LiveWire’s vision of propagating and cultivating only the highest quality cannabis products is exactly what we were looking for in our program. Bill, along with his experienced management and consulting team, has a deep understanding of what is needed to develop high-quality products for the cannabis culture. And they have begun to develop a great solution to control and insure premium pure quality products.”
With the establishment of these facilities that will be home to its nursery/cultivation, edibles and medicinal lotions divisions, LiveWire will become a key player on the Coachella property. The Coachella property is being developed into a cannabis showcase, demonstrating the operation of a legal, fully controlled and contained environment within the walls of this beautifully master planned project. Phase two is currently being discussed with Coachella Brands to include additional canopy space and permits within the 41-acre master plan.
The Company plans to secure additional permits and licenses in order to pursue its plan to establish cannabis projects throughout the state of California. Operations will be conducted under a newly formed subsidiary, GHC Ventures.
For more information about LiveWire Ergogenics, visit http://www.livewireergogenics.com. For non-material updates, follow LiveWire Ergogenics on Twitter @livewireLVVV.
About LiveWire Ergogenics, Inc.
LiveWire Ergogenics, Inc. (LVVV) specializes in identifying and monetizing current and future trends in the health and wellness industry, including the design and establishment of legal, fully controlled and contained cannabis production environments. To further this agenda, the Company is entering into 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 the development and licensing of high-quality cannabinoid-based products and services, the cloning of cannabis strains to produce positive medicinal results and the dosing verification of zero pesticide products for quality brands via its “7X-Pure Dosage and Verification System”. The team at LiveWire Ergogenics has a passion for research and advanced product development and is committed to generating and implementing innovative ideas to produce high-quality products that satisfy an increasing demand in this fast-growing industry.
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.