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Possibility but I don’t think so. It’s going to happen though and I’m not going anywhere until it does LVVV
It’s going to happen! I’ve been here a LONG time. This will make another run this year, how high? Not sure but this stocks moves fast once a little volume comes in. Cannabis stocks are getting hot. LVVV
Been trading in this range for about 3 months. Time for a leg up! LVVV
LiveWire Ergogenics Reports 2023 Financial Results
Reports Eight Consecutive Profitable Quarters
Increases Annual Net Income by 35%
Anaheim, CA, April 2, 2024 -- LiveWire Ergogenics Inc. (OTC: LVVV), a company focused on acquiring,
managing, leasing, and licensing special-purpose real estate properties and operations conducive to
producing high-quality, handcrafted, and sun-grown cannabis specialty products for medical and
recreational adult use in California, today announced financial results for the year ending December 31,
2023.
Revenue for 2023 amounted to $1,633,744. Since the first quarter of 2022, the company has generated
eight consecutive profitable quarters, generating a net income of $921,575 for the fiscal year 2023,
compared to a net income of $684,124 in 2022, an increase of 35%. For the same period, assets
increased to $7,735,532, an increase of $1,463,629 or 23% compared to fiscal year 2022. Our assets
exceeded our liabilities by $3,113,731.
Bill Hodson, CEO of LiveWire Ergogenics, states,
“While our revenues for 2023 were slightly lower than
in 2022 because the second harvest process in late 2023 by our affiliate company Estrella River Farms
(“ERF”) extended into 2024, we were still able to generate a net profit of $921,575, based on a streak of
eight consecutive profitable quarters. The overlap in 2023 revenue will be reported in Q1 and Q2 of
2024. As documented in our annual filings with OTC, we continue to focus on running an operation
with the lowest possible overhead and reinvesting all cash generated back into operations to facilitate
the growth of the best sun-grown cannabis in California. All of this, without sacrificing quality, accelerate
new retail product development and maximize efficiency with an outlook to significantly improve
financial performance for 2024.
”
Following a turbulent 2022, all of 2023 remained challenging for the entire cannabis industry. Many
companies struggled to keep their doors open, renew their expensive licenses, maintain compliance, or
generate the expected operating profits. Accordingly, the share prices of most publicly traded cannabis
companies declined drastically, and Livewire has not been spared either. Since the beginning of 2024,
although share prices are still low, there seems to be a change in the downward trend, with prices
stabilizing and increasing again for the last few months.
Estrella River Farms, our licensed grower on Estrella Ranch, is currently cultivating three (3) acres of
licensed canopy. They have planted over twelve (12) high-producing strains, with plans to harvest in
June. They have maintained excellent standing with the local authorities, environmental agencies, and
the State of California. We have confirmed the feasibility of a profitable cannabis operation for hand-
crafted wholesale, including the unique and higher-margin retail products we currently have under
development. We are now in a great position to deliver on our promises this year.
Results of Operation
During the years ending December 31, 2023, and 2022, we generated a net income of $921,575 compared to $684,124, an increase of
$237,451 or 35%.
Comparison of the Results of Operations for the year ending December 31, 2023 and 2022.
During the years ending December 31, 2023, and 2022, sales amounted to $1,633,744 and $1,938,030, respectively, a decrease of
$304,286 due to the second harvest process by its affiliate company in late 2023 extending into 2024. Accordingly, management
and licensing fees for the period will be reflected in Q1 and Q2 of 2024. As of December 31, 2024, Net Profit increased from
$684,124 to $921,575, an increase of $ 237,451 or 35%. Free cash flow is consistently reinvested in operations to improve
performance for 2024.
Profit (Loss) from Operations. For the year ending December 31, 2023, our net income was $921,575 compared to a net income
of $684,124 for the year ending December 31, 2022, an improvement of $ 237,451 or 35%. The increase in net income is based on
the continuing optimization of the operation and the focus on higher profit margin products, a decrease in professional fees, and
administration costs. General and administrative expenses decreased from $231,733 to $132,502, a decrease of $99,231, based on
lower general operational expenses and reduced stock-based compensation for consulting services. Professional fees decreased by
$296,519 from $928,400 for the year ending December 31, 2022, to $631,881 for 2023. As of December 31, 2023, the Company has
issued 1,859,979,092 shares of its restricted common stock.
Current assets and Liabilities. As of December 31, 2023, assets increased to $7,735,532, an increase of $1,463,629 compared to
$6,271,903 on December 31, 2022, an increase of 23%. Our assets exceeded our liabilities by $3,113,731. LVVV
https://www.otcmarkets.com/otcapi/company/financial-report/396363/content
Last years annual report was put out on 4/18. I expect to see solid numbers this year. SP still a steal down here imo. LVVV
The Estrella papers are ultra-thin and made from white rice. The rolling papers and tips are printed with vegetable oils that are vegan and GMO-free. For a sample, (while supplies last) contact IR@LiveWireErgogenics.com. And check out artrolls.net for more info. LVVV
The Estrella papers are ultra-thin and made from white rice. The rolling papers and tips are printed with vegetable oils that are vegan and GMO-free. For a sample, (while supplies last) contact IR@LiveWireErgogenics.com. And check out https://t.co/0cziNTiuxo for more info. pic.twitter.com/rYBlQnkFJK
— LiveWire Ergogenics (@livewireLVVV) March 24, 2024
I see this stock having a big day soon. Extremely undervalued in a sector that is about to go crazy. Setup for a massive rune imo LVVV
A pump and dump group? One that is buying a couple thousand dollars worth of shares day so they could flip it and each make a couple hundred bucks? Or… maybe the company survived the MJ hurricane of the last 3 years, reported 5 profitable quarters in a row, and rescheduling and safe banking are around the corner. I’ve seen pump and dump groups many times. This is no where near a “pump”. Expecting to see SP over .01 in near future, jmo. LVVV
Sellers drying up, new crop in the ground, 5 profitable quarters in a row, MAJOR National cannabis legislation passing soon. Going to be some massive gains here imo. Let’s go Bill!! LVVV
Ya it will certainly take some new money. Cannabis legislation is going to move this stock. The question is will people bail out early on the way up? Or, with all the positive news around cannabis, will they decide to hold for higher prices? This could rapidly move the share price higher. Last year one trader pushed the stock up like 200% with about 20k if I recall correctly. Bill just needs to start promoting the company. LVVV
I think it will happen before the end of April, jmho. LVVV is set up for a great year. This stock moves fast. A couple good days and we are back over .01
Nice to see the company release something. I expect the next crop is either going in soon or is already in. Let’s go LVVV
“We have learned yesterday that the US Drug Enforcement Administration will shortly approve a rescheduling of cannabis to Schedule III --and that the biggest legal hurdle, an international treaty (the Single Convention on Narcotic Drugs (1961)), to which the US is a signatory -“ source- @Dougkass LVVV
I don’t think he cares that much about shareholders but I think he cares about himself. Until I see his 100 million shares disappear I have faith. LVVV
I’ve been asking for several weeks now… hoping to hear something this week. LVVV
Is this the week we start moving back up? Growing season around the corner and lots of talk about Safe banking and rescheduling. Another run to .04+ is coming imo LVVV
Bid opens at .0012 today. Wtf is that shyt? LVVV
Safe Banking making some noise again. LVVV
Damn Bill just sitting back watching his company explode without saying a word. Nice job Bill LVVV
Middle of April. Should be our best year ever. I expect q4 was good since we had a harvest multiple times bigger than last year. LVVV
No I think big news is going to come out for the company specifically and for the sector in general. The perfect storm!
No massive RIP as in a HUGE run up :)
LVVV about to Rip :)
I do and I haven’t been blocked yet. Worth a shot at this point. I’m thinking a big announcement is coming and that is why the only news we have received is about LVVV passing inspection. I see a buyout coming or something big along those lines. We can’t forget, Bill has 100 million shares and there is no way he is going to let those become worthless. Something is up… LVVV
So the company is just going to stay dead silent when cannabis is all the talk??
Cannabis companies making big moves. LVVV will follow. Big things coming here this year IMO. LVVV
I looked at the period end date instead of the published day. My apologies thanks for pointing that out
Source out of Washington D.C. says marijuana rescheduling is "imminent."
No wonder there's been so many senators calling for de-scheduling this week. If they know it won't happen, it's a safe political play, and they position themselves in front of the issue for November.
When does the annual report come out? The last to years it was released on December 31st. LVVV
I have been calling and emailing the company with no answer. Has anyone heard back from the company?
Embarrassing PR imo. After months of silence this is what shareholders get? Bill should be ashamed. Do better Bill LVVV
I think see a nice run up soon. Sellers look exhausted and bid keeps moving up and building. I’m expecting some BIG news any day now. Bill had been silent for a while and that has been a precursor to big announcements here in the past. I wouldn’t be surprised to see a company buyout at around .05 JMO LVVV
Which big board stock do you see going up %1,000 percent this year? I see LVVV going past .02 this year LVVV
Cheap prices again! LVVV
You make a lot of good points. I think they will make it to legislation. Once that comes anything can happen. LVVV
This stock can easily move %100+ in a day. I think we will see some of those days soon. Jmo LVVV
Feds Release Marijuana Documents, Confirming Schedule III Recommendation Based On 'Accepted Medical Use': Cannabis has a "potential for abuse less than the drugs or other substances in Schedules I and II." LVVV
https://www.marijuanamoment.net/feds-release-marijuana-documents-confirming-schedule-iii-recommendation-based-on-accepted-medical-use/
Our time is coming soon. All those who held will be rewarded and the bashers will return to their underground homes. LVVV
DOJ Official Says HHS Will Release Unredacted Cannabis Rescheduling Recommendation Letter LVVV