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"Lu'an has abundant hemp resources, and Kaixuan has a long history of developing hemp products," he said. "We believe CBD production will bring more tax revenue to the government, more income for the farmers, and help the company to expand and develop. We will fully co-operate with LiveWire to achieve this goal."

Graham Earnshaw, President of LiveWire China operations, said, "It's my goal, and that of the entire team based in the States, to make Lu'an City the largest production base for hemp oil and CBD in the world."

"China is the world's largest hemp producer, and Lu'an accounts for more than half of hemp production in China. Senior local officials have expressed full support for the LiveWire plan and we are working on designing the extraction and production process with the best researchers at West Anhui University, Lu'an's finest university that has decades of experience with this plant," Earnshaw added.

Hemp is grown in China primarily for use in textiles and there are no known CBD production operations currently in the country. Hemp oil has the optimum balance of essential fatty acids, and is widely used in various health care and nutritional products.

LiveWire has plans for a wide range of hemp oil and/or CBD-infused products including chews, drinks, powders and e-liquids to take advantage of the rapidly changing outlook for hemp-based dietary supplement products generally in the United States and around the world. LiveWire will also offer private label programs, as well as raw material supplies to manufacturers and marketers worldwide.

http://www.marketwired.com/press-release/livewire-ergogenics-inc-through-its-international-partner-receives-chinese-government-otcqb-lvvv-1941430.htm