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Estrella Ranch – Historical Significance
Estrella Ranch has a longstanding history, once owned by George R. Hearst, the eldest grandson of the late William Randolph Hearst, is considered among the finest Ranches in California and the gem of the California Central Coast. The acquired property sits within a 21,000-acre property of pristine countryside of rolling hills and gorgeous views traversed by 1.75 miles of the Estrella River. The Company’s recently permitted nursery is located within this massive property, about a mile from Estrella Ranch and will supply “babies” and “teens” to the indoor and outdoor cultivation operations with proprietary and sought-after strains under strict supervision and quality control.
Residential Buildings and Turnkey Structures
The property is equipped with an abundant water supply of natural springs and artesian wells, high-power pumps feeding a sophisticated irrigation system, ample electricity and beautiful recreational areas with an exquisite Spanish-style main estate and two additional residences that can house up to 30 people. Storage buildings and elaborate equestrian facilities surround four equestrian barns and thirty-five stables. This is complimented with both covered and open arenas, a pole barn, additional workshop and ranch headquarters with seven offices.
Taking full advantage of these abundant and well-suited buildings with over 50,000 square feet of possibility, LiveWire is designing and will build a truly unique property that consists of indoor and outdoor cannabis operations, manufacturing facilities and the LiveWire 7X Pure testing and verification lab. The operation will eventually be supplemented with educational workshops, entertainment events and luxury recreational facilities focused on providing a comprehensive and unique cannabis related retreat experiences; all while maintaining the beauty and serenity of one of the most gorgeous landscapes in California.
Watch The Video Here
Gilbert G. Aguirre
Honorary Doctor of Science from the College of Agriculture and Life Sciences
As Rancho Mission Viejo's executive vice president/ranch operations, Gilbert "Gil" Aguirre is responsible for the daily land management of the 23,000-acre mixed-use master-planned community in Southern California. Rancho Mission Viejo is the largest family-held landholding in Orange County and is the last remaining cattle ranch in the region.
In addition to overseeing all of Rancho Mission Viejo's ranching, farming, agricultural and industrial leasing, and related ranching interests, Aguirre is a member of the ranch's executive committee and has participated in all major land-development decisions for more than 40 years.
Aguirre has long been recognized as a leader in the ranching industry. He has been the managing partner of the North Folk Cattle Company for five decades, and was an owner and general manager of the historic 300,000-acre PX Ranch in North Fork, Nevada, for three decades. Today, Aguirre is an owner and managing partner of a 14,000-acre ranch near Cuyama, California. In addition to serving as president of multiple industry associations, he held a seat on the California Beef Council and was named California's Livestock Person of the Year in 2014.
Aguirre is a founder and director of Capital Bank in San Juan Capistrano, California. In 2016, he was named to the Orange County Business Journal's OC 500. He is president of the Donna O'Neill Land Conservancy, Rancho Mission Viejo's 1,205-acre preserve. He is on the boards of the National Cowboy and Western Heritage Museum in Oklahoma City and the J.F. Shea Therapeutic Riding Center in San Juan Capistrano, California, which honored him with the Mark E. Aldrich Board Leadership Award.
Of all of Aguirre's contributions to the community and the cowboy way of life, his leadership of the Rancho Mission Viejo Rodeo may be the most significant. The Professional Rodeo Cowboys Association-sanctioned event is held each August and billed as "The Richest Two Day Rodeo in America." The Rancho Mission Viejo Rodeo also has generated more than $1.9 million in charitable donations. Aguirre was elected to the California Rodeo Hall of Fame in 2008.
Born in Tucson in 1935, Aguirre graduated from the UA in 1957 with a bachelor's degree in animal science. Aguirre received a lifetime achievement award from the UA in 2009 for his support of the College of Agriculture and Life Sciences. In 2013, he was named the CALS Alumnus of the Year.
LiveWire to Accelerate Paso Robles Estate Grown Weedery - Welcomes Applications by Third-Party Operators
Any Major Player getting in on this and we see .25 or more FAST! imo!
Press Release | 06/25/2019
LiveWire Ergogenics, Inc. (OTC: LVVV) announced today that it is accelerating the customization of its newly acquired 265 acres property, Estrella Ranch "Estate Grown Weedery" in Paso Robles, California. Since the acquisition of the property, the Company has received very strong interest from third party operators to participate in the operation of one of the soon to be largest vertically integrated operations in California.
Reacting to the strong interest by third party operators, Livewire is currently in the process of accepting business plans by qualified operators to participate in the facility development and establish their customized operations on the property. LiveWire is planning to develop the Estrella Ranch "Estate Grown Weedery" into one of the largest, fully legal and vertically integrated high-end cannabis facilities and wellness retreats in California. The operations will be supported by a 25,000 square foot nursery adjacent to the property, operated under a separate Minor Use Permit. LiveWire, via its subsidiary GHC Ventures, LLC has already begun operation of a Statewide distributor division, operating under another permit for Statewide cannabis distribution in California, issued by the Bureau of Cannabis Control California.
LiveWire is considering partnerships, joint ventures and strategic alliances with carefully vetted and experienced operators in the cannabis industry to fully utilize this large property and the opportunity it represents for legitimate operators. Operators will have to go through a strict qualification process and meet the high standards that LiveWire has set for itself and expects its operators to meet. Operations will include outdoor and indoor facilities for cultivation, extraction lab and research facilities with ample power, water and storage capacity complimented by luxury recreational opportunities. The Company will also consider opportunities in the hemp market.
Bill Hodson, CEO of LiveWire states, "We have been working on this acquisition for about 12 months, making sure the suitability of the property for our operational purpose meets all conditions to operate legally on this incredible property. The Ranch will provide for high-class operations located centrally in the world renown California wine country, one of the most beautiful areas in the State. We have established strong relationships with local authorities, supported by the fact that we have already received a Minor Use Permit and have begun the build-out for our nursery adjacent to the Ranch. We are in talks with several operators and we will make sure that only the best will be operating on the ranch."
The Initial development will be comprised of 265 acres that can be expanded to a total of 450 acres as demand dictates and at the sole discretion of LiveWire. The property is equipped with an abundant water supply of natural springs and artesian wells, high-power pumps feeding a sophisticated irrigationsystem, ample electricity and multiple storage buildings and elaborate equestrian facilities consisting of four equestrian barns and thirty-five stables. This is complimented with both covered and open arenas, a pole barn, additional workshop and ranch headquarters with seven offices and a total of approximately 50,000 square feet of additional building space, beautiful recreational areas with an exquisite Spanish-style main estate and two additional residences that can house up to 30 people.
Estrella Ranch Estate Grown Weedery Video
Operators that want to apply please send email to bill@livewireergogenics.com
with a one page description of your company's operations and 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.
Share Structure – Minimal Dilution FLOAT IS ONLY AT 531 MILLION!!
While we did make a significant down payment for the acquisition of the Paso Robles Ranch, we have been able to avoid issuing large numbers of new shares to avoid dilution for our existing shareholders. Due to revenue increases during Q2, mainly based on revenues generated in our distribution subsidiary, and our ability to secure the acquisition of the Estrella property via favorable mortgage loan agreements, we were able to avoid further share dilution caused by fundraising activities.
The distribution License is required for all the tax records. And when selling between licensed manufactures you need to show both the License and sellers permit. We have ‘em both now. As they stated in the report, 2019 is a new leg up for LVVV, we will be seeing big things happening here soon. This was needed to actually recognize revenue from MJ in a nutshell.
Navigation thru the State regs continues: our Cannabis Tax Permit has been issued under section 34014 of the California revenue and tax code. Let’s go!
State Distribution License Points:
First, It is 100% necessary to have this if cultivators and manufacturers want to get their products to retailers. Why? There are three primary reasons:
1 - Distributors are the only license type that can transport marijuana products and they’re also the only licensees that can coordinate the required third-party testing of licensees’ products.
- 7x PURE
2 - Prior to any retail sale, licensees must ensure that a distributor undertakes quality assurance packaging and labeling reviews of their products. hello again. 7X PURE
3 - Perhaps most importantly, distributors are almost exclusively in charge of collection and remittance of the cultivation and excise taxes to the California Department of Tax and Fee Administration (“CDTFA”). 7X Pure again w/ its Block Chain Technology.
HUGE SEGWAY FOR 7X PURE HERE FOLKS.. Were gonna be seeing a lot more of this in the coming months IMO.
$LVVV
LiveWire Ergogenics Subsidiary GHC Ventures Enters into Distribution Agreements with Two Leading California Cannabis Manufacturers
Published: Apr 2, 2019 9:29 a.m. ET
Anaheim, CA, Apr 02, 2019 (GLOBE NEWSWIRE via COMTEX) -- Anaheim, CA, April 02, 2019 (GLOBE NEWSWIRE) -- LiveWire Ergogenics, Inc. (OTC: LVVV), announced today that its subsidiary, GHC Ventures, has entered into two new statewide distribution agreements with leading California specialty cannabis manufacturers, Under Pressure Extracts and Uptown CannaCo. These agreements significantly expand the size and reach of LiveWire Ergogenics' distribution network throughout California.
The California cannabis market itself is expanding rapidly, and manufacturers need a distribution partner that can quickly and efficiently get their product to market. As consumer preferences change frequently, product pricing, time to market and access to a large number of retailers across California is paramount.
GHC Distro, GHC Ventures' distribution arm, has a consumer-driven market approach, which benefits retailers as well. Through GHC Distro, retailers gain access to a wide range of new high-end cannabis products, all serviced through the solid and reliable GHC supply chain and distribution network.
"With these agreements we are providing the platform for our partners to legally distribute their products throughout California" states Bill Hodson, CEO of LiveWire Ergogenics, Inc. "As we build out a portfolio of hundreds of products that will be available for GHC distribution into the retail market, we are privileged to add the products of these well-established and recognized manufacturers to the GHC Distro's product roster for distribution through our California network. This will help accelerate the expansion of our statewide distribution model and support our stated goal to become one of the first vertically-integrated cannabis operations in California."
Contracted manufacturers will be supported by LiveWire's branding and marketing, GHC's track-and-trace operation for the manufacturers' qualifying products and utilization of GHC's licensed distribution facilities in Coachella, California, providing an opportunity to expand their business.
By opening GHC Ventures' California cannabis distribution network to manufacturers that pass LiveWire's stringent legal and environmental qualification process, the Company provides a large and solidly-structured legal distribution network for all qualifying California manufacturers. LiveWire intends to accelerate the expansion of this business model with new facilities and new partnerships currently under negotiation. The Company is actively seeking to work with licensed operators who are enthusiastic and qualified to ensure the delivery of high-caliber and legal cannabis products for the fast-growing California medical and recreational cannabis markets.
Under Pressure Extracts is a family-owned and operated licensed cannabis cultivation and distribution facility based out of Desert Hot Springs, California. Producing indoor grown cannabis in a clean, controlled environment with four flowering rooms, the Company can deliver fresh cannabis and related products on a constant two-week basis to the LiveWire distribution network.
Uptown CannaCo is a California-based company founded on the simple notion that cannabis is and will always remain an important and effective plant for a multitude of medical and recreational applications. Uptown CannaCo's products are lab tested, 100% organic and free from pesticides, with a focus on consistent and precise dosing. The Company believes that the highest quality cannabis concentrates on the market start with its proprietary extraction process. This process is designed to activate the medical properties of each customized strain mixture and, by using organic cannabinoids and terpenoids in each of its products, focused on unlocking the most therapeutic combinations of strains for potent, highly-specific effect.
For more information about LiveWire Ergogenics, visit www.livewireergogenics.com, follow LiveWire Ergogenics on Twitter @livewireLVVV, or download a research report at stockwatchindex.com/livewire-ergogenics
About LiveWire Ergogenics, Inc.
LiveWire Ergogenics, Inc. specializes in identifying and monetizing current and future trends in the health and wellness industry, with a focus on the cannabis sector. The Company acquires, manages and licenses specialized real estate locations for fully compliant and permitted turnkey facilities to produce cannabis-based products and services in California. The Company is also entering into 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 the Company's "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 United States Controlled Substance Act.
Estrella Ranch
Clearly the most important milestone in our company’s history and biggest advance towards our goal of becoming the largest vertically integrated cannabis operation in California was the acquisition of our 265-acre ranch in Paso Robles, Estrella Ranch, of which we coined the phrase, “Estate Grown Weedery”. This beautiful property, formerly owned by George R. Hearst, is located in the middle of the beautiful California wine country, surrounded by many world renown wineries and green all the way to the horizon.
We have worked on the acquisition of this property for nearly a year, conducting in-depth environmental and legal due diligence to assure the property’s suitability for our business purpose and to secure favorable financing. After securing the financing for the acquisition, over the past several months, we have begun to implement our plan to develop Estrella Ranch into one of the most exclusive, vertically integrated cannabis operations in California. To fully utilize the enormous potential that this large property represents for us, we will begin operation of our own projects, complimented by carefully vetted Third-Party Operators that we will enter into lease and innovative revenue sharing agreements. These operators will have to meet the high level of standard that LiveWire has established for itself and all operators that want to take advantage of a turnkey and fully legal cannabis production platform on this property.
By taking full advantage of the total 250-acre outdoor acreage and many well-suited residential and commercial buildings encompassing over 50,000 square feet of in-door production possibility, we will establish a truly unique property consisting of indoor and outdoor growth comprised of cultivation operations, and extraction facilities. All this will be complimented by the LiveWire 7X Pure testing and verification system. Because this is such an exceptional property, we intend to eventually supplement operations with educational workshops, entertainment events and luxury recreational opportunities, focused on providing a comprehensive and unique cannabis related retreat experiences and wellness facilities. We are committed to achieve all this while maintaining the beauty and serenity of one of the most gorgeous landscapes in California.
Hemp on the Estrella Weedery
San Luis Obispo County, the local government authority for Paso Robles, is currently going through the process to regulate the hemp industry in the county. Based on information gathered during the last city council meeting that we attended, the final decision may be made within the next several months. We have initiated talks with several hemp experts to be fully prepared to commence with operations as soon as the City Council’s final decision will be announced. Our experts understand the complexities of a dual-crop, and have assured us that the topography of Estrella Ranch is ideal for production.
Watch The Estrella Ranch Video here:
Summary of our Achievements over the last 12 Months
Acquired $6 Million 265-acre Estrella Ranch property in Paso Robles, California
Received cultivation/nursery and distribution license for its nursery in Coachella, California
Received cultivation/nursery and distribution permit for its nursery in Paso Robles, California
Received CA State distribution license from the California Bureau of Cannabis Control
Began operation of statewide distribution division for distribution of cannabis products throughout California
Begun vetting process for agreements for select third-party operators on Estrella Ranch
In negotiation with San Luis Obispo City Council for Hemp production license at Estrella Ranch
Installed the first of several planned state-of-the-art self-contained production PODs at its California facility
Entered distribution agreements and “7X Pure” Private Label Agreement with botanical company
Engaged renown expert legal, environmental engineering and compliance teams
Engaged research teams with highly recognized athletes and published experts to commence with leading-edge research to explore the application of cannabinoid products for human and equine applications.
Planning expansion into the sports and cosmetics markets for CBD or THC infused products with well recognized sports icons.
In the planning stages for expanding the proprietary “7xPure Compliance & Dosage Verification System” Lab system.
Continuing to explore potential acquisition targets and strategic alliances
Complete financial transparency via financial audits and begun OTC up-listing to OTCQB process.
2019 Expectations
While we have been focused so far on carefully setting up our model of a fully vertically integrated legal and vertically integrated cannabis operation that can set itself apart from the competition, so far, we have only produced limited revenue. We believe that this going to change moderately with this Q2 2019 financial report, and we have high expectations for the second half of 2019 and the full years of 2020 and 2021, once our complex setup process is in place. We look forward to taking advantage of a fully legal and vertically integrated operation on one of the most beautiful facilities in California with perfect climate for our business purpose and an advantageous profit sharing model for the befit of all participants.
7X COMPLIANCE & DOSAGE VERIFICATION SYSTEM PROCESS FLOW
BASSO IS USING THIS SYSTEM NOW! THE START OF MANY MORE TO COME FOLKS!
The 7X Pure Dosage and Verification system is an assembled set of verified documents pertaining to compliance and dosage claims and the assignment of a lot-code relating to the sum of all seven highly scrutinized parts.
Steps-01.
Audit Supplier – Identify supplier non conformances in the import and process of raw materials
Review Certificate of Origin – trace and track the origin of the raw material
Review Certificate of Analysis – every lot of raw material should have a C of A, this should be reviewed before considering next steps
Steps-02
Cannabinoid Summary – Identify the strain in the cannabinoid profile via lab testing.
Total Active Cannabinoids – Identify the active cannabinoids. There are over 66 chemicals unique to the plant.
Terpene test results - terpene analysis is crucial for differentiating strains of cannabis as terpenes have a major influence on the medical and psychological effects of a plant.
Steps-03
Pesticide test – verify the safety of the medicine. A pesticide test can detect trace amounts of chemical pesticides in dried flowers and cannabis concentrates.
Microbiological Test – verify the results regarding the presence and breeding of micro-organisms such as specific pathogens, bacteria, yeast and mold.
Residual Solvent Test - identify the presence of harmful solvents impurities and/or other added odorants and chemicals present in super-concentrated forms.
Steps-04
THC Dosage – identify the percentage of THC in the strain. One gram of cannabis equals 1000mg of dry weight with the total THC content of 100mg.
CBD Dosage – identify the percentage of CBD.
Legal Dosage compliance for oils and edibles – review state requirements and verify dosage conforms to label claims supported by lab testing.
Steps-05
Food Safety Audit - verify proper food safety practices at processing facilities. This report data is used to help select suppliers and validate internal policies and procedures.
HACCP Plan (Hazard Analysis of Critical Control Points - Storage and distribution of a food product is scientifically analyzed for microbiological, physical and chemical hazards.
FDA / Bioterrorism Plan - Verify the manufacturer has registered under the Public Health Security and Bioterrorism Preparedness and Response Act of 2002
Steps-06
Benefit Claims - Structure/function claims may describe the role of a nutrient or dietary ingredient intended to affect the normal structure or function of the human body.
Labeling requirements – Verify primary panel and informational panel adhere to state laws such as font size, “cannabis-infused”, manufacturer contact information and website
Labeling restrictions – confirm labeling does not contain false origin of cannabis grown, cartoon imagery or product that imitates candy packaging.
Steps-07
Sound statistical sampling of finished product to insure accuracy - determine whether to accept or reject a production lot as products leaves the plant, or prior to distribution.
Reserve sample (retains)of each product lot - Hold reserve samples under conditions consistent with product labels or under ordinary storage conditions.
Final Certificate of Analysis of finished product - Verify that the product meets its product specification. The final C of A should contain the actual results obtained from testing performed as part of quality control of an individual batch of the product.
7x-Verification.png
IF STEPS 1-7 ARE VERIFIED,
ASSIGN LOT CODE.
LiveWire Ergogenics Retains Experts to Assist Company in Obtaining Cannabis Licenses and Permits
Anaheim, CA, Feb. 21, 2018 (GLOBE NEWSWIRE) -- LiveWire Ergogenics, Inc. (OTC: LVVV), which focuses on research partnerships, product development, acquisition, and management of turnkey production facilities for cannabis-based products and services, has retained the services of the Law Offices of Omar Figueroa as well as development firm Cushman Greenfield. Both companies will be working together to assist LiveWire in identifying and obtaining licenses, permits and other authorizations required by various California state and local governments to allow LiveWire to engage in cannabis activities permitted by California state law.
A pioneering cannabis lawyer, Omar Figueroa is also the author of “Cannabis Codes of California,” the first comprehensive guide to the laws and regulations that govern the California cannabis industry. Known for his ability to think outside the box and solve complex problems in novel ways, Mr. Figueroa will be working with LiveWire Ergogenics in the areas of permitting, licensing and regulatory compliance; business law; intellectual property; and legal education.
Cushman Greenfield is a well-regarded development firm specializing in license application and procurement in the medical cannabis industry. In addition to helping LiveWire navigate various license applications, they will also be providing expert advice in the areas of business development, brand development and government affairs.
“We have chosen to work with Omar Figueroa and Cushman Greenfield because these are two of the top organizations in their fields,” states Bill Hodson, LiveWire’s CEO. “Their expertise will be a significant asset to us both immediately and as our business grows. This is another valuable addition to our team.”
$LVVV
5000 sq ft grow = $millions annually.. and WE HAVE A 25k Square Foot Facility! Soon as they have this set up, contracts in place...They will be ROCKING it out.. Taxes? So what! With as much as they can potentially make, take the hits for now, still make some money to expand in the meantime. The Govt regs will change at some point IMO. Just a matter of time.. Tick Tock..
* McDaib Broke this down for us *
Here's a breakdown of square footage production estimates for clones. Been doing this for 15+ years in Oregon and have a fairly good handle on realistic projections:
1) Avg clone needs at least 4" X 4" to grow horizontally, 12" vertically and be ready for sale in 3-4 weeks (each cutting needs to take root and show signs of vigor which can take 3-4 weeks).
2) Grow platforms can reasonably have a height of 12' and be manageable (with moveable ladders). Each horizontal level of the grow will need about 12 inches in height to allow for lighting, container and plant. That means a pod with 12' ceilings can grow 108 clones per sq ft of floor space on 12 verticle levels. I think the current pods used by LVVV are 8' but that can be altered so I'm going to stick with the 12' verticle height. (Height, and therefore production can be adjusted to whatever it is).
3) With 12' ceilings there would be 12 levels of clones, lights, containers, etc. Each sq ft of floor space would produce 108 clones.
4) With a 4 week rotation that means 108 clones per sq ft X 5,000 sq ft = 540K clones per month. 540,000 X 12 (months) = 6,480,000 clones produced yearly.
5) If Colorado, Washington and Oregon are any indication then LVVV can expect to receive between $10.00 and $35.00 per clone on a wholesale basis. Clone value depends on strain (THC and CBD percentages, length of time to harvest, quality of end product, reliabilty of strain genetics, buzz surrounding strain, etc, etc.).
6) If we assume a conservative average wholesale price per clone of $10.00 then a 5000 sq ft area that is 12' high should return a gross revenue yearly to LVVV of $648 million. The 7X Pure platform of LVVV could raise this average to much more. Especially with the just approved distribution license and LVVV's ability to gain the confidence of the industry who know what they may be able to get per clone.
How many square feet does LVVV need under cultivation and with the 7X Pure seal of approval to make every long on this board considerably better off?
NO BRAINER!!!
$LVVV
AIMHO, of course.............
Investment Highlights of LVVV off the updated StockWatch report..
• Obtained cultivation/nursery and distribution permits from the city of Coachella, California
• Applied for permits at two more CA locations
• Approved for CA State distribution license from the California Bureau of Cannabis Control
• Acquired two minority equity positions and has entered master distribution agreements with three well established cannabis development and distribution companies
• Installed the first of four state-of-the-art self-contained production PODs at its California facility
• Entered development agreements with experts in plant genetics and modern horticulture technology with 25 years of experience in the cannabis industry
• Engaged renown expert legal, environmental engineering and compliance teams
• Engaging research teams with highly recognized and published experts to commence with leading-edge research to explore the application of cannabinoid products in several underserved sectors.
• Exploring and developing new advances in cloning techniques such as tissue culture cultivation, safety processes, dosage and efficacy of various combinations of CBD/THC and terpene profiles
• Expansion into the sports and cosmetics markets for CBD or THC infused products
• Developing a proprietary “7xPure Compliance & Dosage Verification System” to become the industry “Gold Standard”. Accepted by the city of Coachella as official application system for CUP applicants
• Researching and reviewing potential acquisition targets and strategic alliances
Great report worth reading on the company
$LVVV
Livewire has a sophisticated and solid business plan, is run by an experienced management and development team and will be able to
satisfy typical financial industry due diligence requirements, once it has up-listed to OTCQB. Livewire is still in the startup
development stage but has begun implementing core sections of its business plan. The Company’s initial focus will be on California, but is prepared to expand nationwide, once legally and economically feasible. Livewire has executed several key development and strategic
alliance agreements and has acquired minority equity interest in three established cannabis companies. The Company has obtained its
first two permits for the legal operation of its cultivation/nursery production facility in the city of Coachella, California and has been
granted a statewide distribution license. It has brought its OTC filings up to date and has submitted its application for up-listing to OTCQB.
Audits for the last two operating years have been completed, published and filed with the OTC. The company is committed to
consistently provide details of its plans, actions and results to provide full transparency to the public. Livewire expects to start generating revenues beginning in the 3rd to 4th quarter of 2018.
While the company’s strategic moves are not yet complete, LiveWire is well positioned in a sector of the industry with high barriers of
entry and has developed a branded strategy that should be attractive to investors in the “new” cannabis industry. Livewire will enter into
carefully evaluated agreements to raise the required funds to secure working capital required for the execution of its plans, without
generating extraordinary dilution for it existing shareholders. This should make it an attractive target for individual investor and retail
investors alike and will allow the Company to measurably spend on R&D and marketing and capture new markets via JVs and acquisitions.
$LVVV
SOME OF LIVEWIRE STRAINS. Blueberry Kush , Girl Scout Cookies, Purple Diesel and a mix of Gorilla Glue #4 and White Widow Heavy hitting high yield.
Introducing Charlotte the Gorilla-Widow. She’s a cross of Gorilla Glue #4 and White Widow. Heavy hitting high yield. Have a great weekend! pic.twitter.com/EDhtotRqKY
— LiveWire Ergogenics (@livewireLVVV) March 23, 2018
Strain mystery solved! Thanks to those meddling kids. “Violet”- Blueberry Kush. “Jane”- Girl Scout Cookies. “Belinda”- Purple Diesel. pic.twitter.com/QVoRnfFVTA
— LiveWire Ergogenics (@livewireLVVV) March 21, 2018
Super-Baby Gina is looking fabulous this morning. She’s happy, healthy and proud of her Pine Tar heritage. The genetics vault is growing... pic.twitter.com/WLzyzk22Si
— LiveWire Ergogenics (@livewireLVVV) April 11, 2018
Introducing Charlotte the Gorilla-Widow. She’s a cross of Gorilla Glue #4 and White Widow. Heavy hitting high yield. Have a great weekend! pic.twitter.com/EDhtotRqKY
— LiveWire Ergogenics (@livewireLVVV) March 23, 2018
I added a video to a @YouTube playlist https://t.co/Gd7mVQKjQh It Starts with the Clone
— LiveWire Ergogenics (@livewireLVVV) July 26, 2017
LiveWire is one of the few emerging, handful of leading-edge and well-managed companies with a solid business model and led by an experienced and credible management and development team.
The Company is conducting credible research, has secured the first production license, will develop high-quality products, is establishing a 7X Verification and Dosing System and expected to generate significant value moving forward. LiveWire’s model is driven by the increasing market demand for legal, high-quality products and reliable services that will allow the Company to remain viable long term. LiveWire believes that it can execute on its business plan in a timely manner and will be able to generate significant ROI for its investors, subject to the timely availability of the required working capital. While current efforts are focused on the legal sector of the cannabis market, the expected regulatory relaxation of the rules and regulations by the Federal Government and a removal of CBD from the Schedule 1 should accelerate the sector growth even further. The currently existing uncertainty combined with rapidly accelerating growth is creating an early investment opportunity, similar to the early investment opportunities generated by the now top of the charts pioneer internet companies.
$LVVV
Agree, this is so undervalued/oversold it’s crazy...nothing but blue skies ahead for the company...this Modest REV is also MUCH HIGHER than what even some were expecting “modest” to be at lol
Note that the PUBLIC FLOAT is 531 mil... BAM! She moves on air....now we have revs coming in, with a RESPECTABLE start even...we are now positioning ourselves for the next turn up imo.....HIGHER HIGHS!
LETS GO BILL! KEEP UP THE GREAT WORK! WE GOT THIS!
$LVVV
Filings are posted on OTC, there is no yield sign
This company is doing everything they said they would do and THEN SOME, A LEGIT MJ Company in one of the BIGGEST MJ spots in the WORLD.. and here we are, NICE start of REVS!,
Right NOW is the time to get into this stock if you have not already, or add onto what you have. School is starting, summers over, and volume should start picking up again shortly.. This is only going to continue to get better here on out imo.
$LVVV FTW
NICE!! This is Certainly A Great start imo...AND to increase exponentially every Q moving forward...getting ever closer to the PARTY AT THE RANCH!!
$LVVV FTW!
He is running the Coachella Operation with Kyle for now, until they get the Nursery build out completed. Then they are going to be relocating most of their clones/strains to the nursery in ROBLES.
As mentioned earlier, they also have the Strain Vault here as well, securing strains.
$LVVV
Do you count Sunday? I believe it’s tomorrow that he has to post it..
Totally agree with you. However fortunately Bill most certainly has that capabilities
$LVVV
All bets are ON imo.
$LVVV
The FLOAT is only a little over 500 mil.. which is why we can move really fast here.
We can agree to disagree then. LOL Most certainly doesn't make sense for me however to downplay a stock i am invested in, even if its to try and get cheaper shares. Especially when everything I see they are doing is showing positive for future growth & Potential imo.
$LVVV
and can go Upward in a big way as well. One thing i dont see however is it falling below a penny.. Granted i wouldn't complain if it did. LOL Massive revenues are not expected this quarter, thats pretty obvious..ANY revenues showing an increase at this point is a WIN WIN imo, and a show to increasing on futures Qs imo.
$LVVV
What makes u think it should be done now? Just because u say so? LOL.. Good luck with those 5s .. LoL... i don’t see that happening, but I’m ready and loaded to add a few mil just in case
LiveWire Ergogenics UPDATE
Things are heating up in the desert. Pods are loaded up on OG’s and a few exotics.
Moving some clones to the local cultivators and building inventory for Paso.
NICE!! 3 PODS in Coachella, of which they are utilizing these for their Strain Vault as well BTW, as stated earlier, they have already 60 strains secured, over 150 to work up. While they are selling clones in Coachella, a lot of what they are doing there as well is to build up inventory for Robles.
$LVVV
I recall Bill mentioning something about Tony raising money to settle things out between them, so yeah, i am thinking he definitely sold that portion. May be something we see on the upcoming filings....
Ownership Class of equity securities LVVV Owned a HUGE amount of shares.. See below from APRU filings.
Livewire Ergogenics, Inc. 24845 Corbit Place, Yorba Linda, CA 92887 15,810,005,457 77% Common
Bill Hodson, CEO 1260 N Honcock Street, Anaheim, CA 92807
Registered Agent:
VCORP Services, LLC
701 S Carson Street, Suite 200, Carson City, NV
Now with the recent cancelling, Our holding are now down to 1.1 billion shares of APRU. Plus whatever else they worked up between them.
$LVVV
State Distribution License Points:
First, It is 100% necessary to have this if cultivators and manufacturers want to get their products to retailers. Why? There are three primary reasons:
1 - Distributors are the only license type that can transport marijuana products and they’re also the only licensees that can coordinate the required third-party testing of licensees’ products.
- 7x PURE
2 - Prior to any retail sale, licensees must ensure that a distributor undertakes quality assurance packaging and labeling reviews of their products. hello again. 7X PURE
3 - Perhaps most importantly, distributors are almost exclusively in charge of collection and remittance of the cultivation and excise taxes to the California Department of Tax and Fee Administration (“CDTFA”). 7X Pure again w/ its Block Chain Technology.
HUGE SEGWAY FOR 7X PURE HERE FOLKS.. Were gonna be seeing a lot more of this in the coming months IMO.
$LVVV
The distributor is required for all the tax records. And when selling between licensed manufactures you need to show both the License and sellers permit. We have ‘em both now. As they stated in the report, 2019 is a new leg up for LVVV, we will be seeing big things happening here soon. This was needed to actually recognize revenue from MJ in a nutshell.
Navigation thru the State regs continues: our Cannabis Tax Permit has been issued under section 34014 of the California revenue and tax code. Let’s go!
LiveWire Ergogenics Subsidiary GHC Ventures Enters into Distribution Agreements with Two Leading California Cannabis Manufacturers
Published: Apr 2, 2019 9:29 a.m. ET
Anaheim, CA, Apr 02, 2019 (GLOBE NEWSWIRE via COMTEX) -- Anaheim, CA, April 02, 2019 (GLOBE NEWSWIRE) -- LiveWire Ergogenics, Inc. (OTC: LVVV), announced today that its subsidiary, GHC Ventures, has entered into two new statewide distribution agreements with leading California specialty cannabis manufacturers, Under Pressure Extracts and Uptown CannaCo. These agreements significantly expand the size and reach of LiveWire Ergogenics' distribution network throughout California.
The California cannabis market itself is expanding rapidly, and manufacturers need a distribution partner that can quickly and efficiently get their product to market. As consumer preferences change frequently, product pricing, time to market and access to a large number of retailers across California is paramount.
GHC Distro, GHC Ventures' distribution arm, has a consumer-driven market approach, which benefits retailers as well. Through GHC Distro, retailers gain access to a wide range of new high-end cannabis products, all serviced through the solid and reliable GHC supply chain and distribution network.
"With these agreements we are providing the platform for our partners to legally distribute their products throughout California" states Bill Hodson, CEO of LiveWire Ergogenics, Inc. "As we build out a portfolio of hundreds of products that will be available for GHC distribution into the retail market, we are privileged to add the products of these well-established and recognized manufacturers to the GHC Distro's product roster for distribution through our California network. This will help accelerate the expansion of our statewide distribution model and support our stated goal to become one of the first vertically-integrated cannabis operations in California."
Contracted manufacturers will be supported by LiveWire's branding and marketing, GHC's track-and-trace operation for the manufacturers' qualifying products and utilization of GHC's licensed distribution facilities in Coachella, California, providing an opportunity to expand their business.
By opening GHC Ventures' California cannabis distribution network to manufacturers that pass LiveWire's stringent legal and environmental qualification process, the Company provides a large and solidly-structured legal distribution network for all qualifying California manufacturers. LiveWire intends to accelerate the expansion of this business model with new facilities and new partnerships currently under negotiation. The Company is actively seeking to work with licensed operators who are enthusiastic and qualified to ensure the delivery of high-caliber and legal cannabis products for the fast-growing California medical and recreational cannabis markets.
Under Pressure Extracts is a family-owned and operated licensed cannabis cultivation and distribution facility based out of Desert Hot Springs, California. Producing indoor grown cannabis in a clean, controlled environment with four flowering rooms, the Company can deliver fresh cannabis and related products on a constant two-week basis to the LiveWire distribution network.
Uptown CannaCo is a California-based company founded on the simple notion that cannabis is and will always remain an important and effective plant for a multitude of medical and recreational applications. Uptown CannaCo's products are lab tested, 100% organic and free from pesticides, with a focus on consistent and precise dosing. The Company believes that the highest quality cannabis concentrates on the market start with its proprietary extraction process. This process is designed to activate the medical properties of each customized strain mixture and, by using organic cannabinoids and terpenoids in each of its products, focused on unlocking the most therapeutic combinations of strains for potent, highly-specific effect.
For more information about LiveWire Ergogenics, visit www.livewireergogenics.com, follow LiveWire Ergogenics on Twitter @livewireLVVV, or download a research report at stockwatchindex.com/livewire-ergogenics
About LiveWire Ergogenics, Inc.
LiveWire Ergogenics, Inc. specializes in identifying and monetizing current and future trends in the health and wellness industry, with a focus on the cannabis sector. The Company acquires, manages and licenses specialized real estate locations for fully compliant and permitted turnkey facilities to produce cannabis-based products and services in California. The Company is also entering into 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 the Company's "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 United States Controlled Substance Act.
Forward-Looking Statements
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, systems or services. Such forward-looking statements are projections, are not meant to guarantee results and actual results 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 changes in government regulation in the cannabis industry, the denial of new permit applications or the withdrawal of any existing permits, existing or increased competition, results of arbitration and litigation, stock volatility and illiquidity, and the Company's failure in general to implement its business plans or strategies. The Company assumes no obligation to update any forward-looking statements to reflect any event that may arise after the date of this release.
7X COMPLIANCE & DOSAGE VERIFICATION SYSTEM PROCESS FLOW
The 7X Pure Dosage and Verification system is an assembled set of verified documents pertaining to compliance and dosage claims and the assignment of a lot-code relating to the sum of all seven highly scrutinized parts.
Steps-01.
Audit Supplier – Identify supplier non conformances in the import and process of raw materials
Review Certificate of Origin – trace and track the origin of the raw material
Review Certificate of Analysis – every lot of raw material should have a C of A, this should be reviewed before considering next steps
Steps-02
Cannabinoid Summary – Identify the strain in the cannabinoid profile via lab testing.
Total Active Cannabinoids – Identify the active cannabinoids. There are over 66 chemicals unique to the plant.
Terpene test results - terpene analysis is crucial for differentiating strains of cannabis as terpenes have a major influence on the medical and psychological effects of a plant.
Steps-03
Pesticide test – verify the safety of the medicine. A pesticide test can detect trace amounts of chemical pesticides in dried flowers and cannabis concentrates.
Microbiological Test – verify the results regarding the presence and breeding of micro-organisms such as specific pathogens, bacteria, yeast and mold.
Residual Solvent Test - identify the presence of harmful solvents impurities and/or other added odorants and chemicals present in super-concentrated forms.
Steps-04
THC Dosage – identify the percentage of THC in the strain. One gram of cannabis equals 1000mg of dry weight with the total THC content of 100mg.
CBD Dosage – identify the percentage of CBD.
Legal Dosage compliance for oils and edibles – review state requirements and verify dosage conforms to label claims supported by lab testing.
Steps-05
Food Safety Audit - verify proper food safety practices at processing facilities. This report data is used to help select suppliers and validate internal policies and procedures.
HACCP Plan (Hazard Analysis of Critical Control Points - Storage and distribution of a food product is scientifically analyzed for microbiological, physical and chemical hazards.
FDA / Bioterrorism Plan - Verify the manufacturer has registered under the Public Health Security and Bioterrorism Preparedness and Response Act of 2002
Steps-06
Benefit Claims - Structure/function claims may describe the role of a nutrient or dietary ingredient intended to affect the normal structure or function of the human body.
Labeling requirements – Verify primary panel and informational panel adhere to state laws such as font size, “cannabis-infused”, manufacturer contact information and website
Labeling restrictions – confirm labeling does not contain false origin of cannabis grown, cartoon imagery or product that imitates candy packaging.
Steps-07
Sound statistical sampling of finished product to insure accuracy - determine whether to accept or reject a production lot as products leaves the plant, or prior to distribution.
Reserve sample (retains)of each product lot - Hold reserve samples under conditions consistent with product labels or under ordinary storage conditions.
Final Certificate of Analysis of finished product - Verify that the product meets its product specification. The final C of A should contain the actual results obtained from testing performed as part of quality control of an individual batch of the product.
7x-Verification.png
IF STEPS 1-7 ARE VERIFIED,
ASSIGN LOT CODE.
LiveWire Ergogenics, Inc. Letter to Shareholders
Press Release | 07/25/2019
Anaheim, CA, July 25, 2019 (GLOBE NEWSWIRE) -- LiveWire Ergogenics, Inc. (OTC: LVVV) a forward-thinking company focused on special purpose real estate acquisitions and the licensing and management of fully compliant turnkey facilities engaged in the production of cannabis-based products and services for the health and wellness industry, today released a letter to Shareholders.
By: Bill Hodson, Chairman and CEO, LiveWire Ergogenics, Inc.
Dear Fellow Shareholders and Potential Shareholders,
Our last Shareholder Letter on April 22, 2019 resulted in strong positive feedback from you, our loyal and valued shareholders. Accordingly, we will continue to use this effective communication tool to connect directly with you, our existing, and future shareholders. Your response to past shareholder letters has encouraged us to publish our CEO Shareholder Letters on a more frequent basis.
In our last letter we discussed 2018 being a crucial year for us, and indeed it has been; and 2019 is proving to be just as crucial. Since our last letter we have been busy accelerating the implementation and refinement of our plans to become the largest vertically integrated legal cannabis operations in California. Admittedly an ambitious goal, a goal that we have been working on intensely for the last year. Many of the plans that we had announced in earlier communications have now been implemented or are in the advanced stage of implementation. Based on the different stages and the overall progress of our projects, we are now expecting to begin increasing the modest revenue generated during Q2 2019 significantly during the second half of 2019 and improve further in 2020 and 2021.
MILESTONES
Estrella Ranch
Clearly the most important milestone in our company’s history and biggest advance towards our goal of becoming the largest vertically integrated cannabis operation in California was the acquisition of our 265-acre ranch in Paso Robles, Estrella Ranch, of which we coined the phrase, “Estate Grown Weedery”. This beautiful property, formerly owned by George R. Hearst, is located in the middle of the beautiful California wine country, surrounded by many world renown wineries and green all the way to the horizon.
We have worked on the acquisition of this property for nearly a year, conducting in-depth environmental and legal due diligence to assure the property’s suitability for our business purpose and to secure favorable financing. After securing the financing for the acquisition, over the past several months, we have begun to implement our plan to develop Estrella Ranch into one of the most exclusive, vertically integrated cannabis operations in California. To fully utilize the enormous potential that this large property represents for us, we will begin operation of our own projects, complimented by carefully vetted Third-Party Operators that we will enter into lease and innovative revenue sharing agreements. These operators will have to meet the high level of standard that LiveWire has established for itself and all operators that want to take advantage of a turnkey and fully legal cannabis production platform on this property.
By taking full advantage of the total 250-acre outdoor acreage and many well-suited residential and commercial buildings encompassing over 50,000 square feet of in-door production possibility, we will establish a truly unique property consisting of indoor and outdoor growth comprised of cultivation operations, and extraction facilities. All this will be complimented by the LiveWire 7X Pure testing and verification system. Because this is such an exceptional property, we intend to eventually supplement operations with educational workshops, entertainment events and luxury recreational opportunities, focused on providing a comprehensive and unique cannabis related retreat experiences and wellness facilities. We are committed to achieve all this while maintaining the beauty and serenity of one of the most gorgeous landscapes in California.
Hemp on the Estrella Weedery
San Luis Obispo County, the local government authority for Paso Robles, is currently going through the process to regulate the hemp industry in the county. Based on information gathered during the last city council meeting that we attended, the final decision may be made within the next several months. We have initiated talks with several hemp experts to be fully prepared to commence with operations as soon as the City Council’s final decision will be announced. Our experts understand the complexities of a dual-crop, and have assured us that the topography of Estrella Ranch is ideal for production.
Watch The Estrella Ranch Video here: https://youtu.be/ieJFwSwoPwQ
The Estrella Nursery
Adjacent to our Estrella Weedery property, we have leased a 25,000 square foot building that will house our Estrella nursery and research operation. We have spent several months of intense legal and environmental research, to secure the property. We have worked our way through an intense approval process with the San Luis Obispo City Planning Commission and City Council, presenting our final application in a public city council meeting that ended with the approval of our operation permit. As a result, the Company has been granted a minor use permit for this 25,000 square feet indoor nursery. We have to make a couple changes to the buildout plans to to maximize production capabilities and speed-up the production time-frame. This will expedite the start of production on the Ranch and all operations will meet the Company’s expectation for “Best-in-Class” operations. We will strictly comply with all Federal, State and local laws and rigorously maintain the natural beauty and openness of the Paso Robles property and its surroundings. We currently have several third-party operators competing for these buildings.
The nursery, adjacent to our Weedery, is centrally located between the cities of Los Angeles and San Francisco in Paso Robles, CA. The central building on the facility is designed to be a highly secured genetics vault and clone storage of carefully selected, “7X Pure” verified strains. The adjacent building will house “teens” and additional rooms for storage and supplies. The customization capabilities of the interior will allow us to house proprietary strains for local cultivators that we intend to team-up with enabling them to have access to a constant supply of inventory. The State has issued over 1,000 cultivation licenses in the Central Coast, and these growers will require a reliable and premium supply source for high-quality genetics and pesticide-free cannabis strains to satisfy their increasing production capacities. LiveWire will be well positioned to meet these requirements.
Coachella Nursery
In January of 2019, our subsidiary GHC Ventures was granted a Cultivation/Nursery License from CalCannabis, a division of the California Department of Food and Agriculture to begin production in our high-tech POD facility in Coachella, California. 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. We have already setup and are utilizing the track-and-trace system “LeafLogix” daily to report all transaction processed by our agents to strictly comply with the terms of our distribution agreement and all State laws.
This cultivation license positions Livewire in a critical position for the legal cultivation of commercial cannabis goods in the State of California, further empowered by its statewide Cannabis Distribution License. Utilizing the distribution license efficiently, supported by the recent addition of an experienced expert team to manage the expansion of our State-wide distribution operation, has required us to increase production capacity at Coachella, while we are getting ready to begin production at our Paso Robles facility soon. This is another important step towards the realization of our goal to become the leading supplier of the highest quality products and services as a vertically integrated cannabises operations in California.
About the LiveWire Cloning PODS
Every component used in the Livewire PODs has been designed by LiveWire’s expert cannabis and technical teams under the supervision of its Master Horticulturist, fulfilling all strict legal and environmental requirements. The PODs are state of the art and have been built by one of the most experienced manufacturers for self-contained agricultural production equipment in California. They provide a fully controlled and self-contained cultivation environment customized for the advanced and highly specialized LiveWire and “7X-PURE” certified cannabis cloning and production process, fulfilling the most stringent legal and environmental cannabis production standards in the industry.
Statewide Distribution License - GHC Ventures Distribution
We have been issued a Statewide Distribution License by the California Bureau of Cannabis Control. This distribution license, obtained via our subsidiary GHC Ventures, is another crucial step in the Company's plans to establish one of the first vertically integrated and "closed-loop" cannabis companies in the State of California, covering all activities from seed to distribution. The distribution license solidly establishes LiveWire in a key industry position as a potential strategic partner for other legally compliant operators that would want to take advantage of LiveWire's position as a statewide licensed Cannabis distributor, closing the existing gap between growers, wholesalers and retail operations. We now can distribute not only the LiveWire brands, but also a full spectrum of cannabis and CBD products from multiple manufacturers, cultivators and manufacturers. We are in the process of assembling all the vital steps to secure a solid chain of custody for all products in our distribution network and establish a direct route to market for a complete 7X Pure verified product line.”
The Company is in the advanced stages of the approval process for additional state-wide licenses and in other select California municipalities. This will also expedite the development of legally compliant LiveWire cannabis products that can be used as ingredients for a variety of different cannabis, hemp and CBD/THC infused products and support the Company's plans to become a key supplier to diverse cannabis manufacturers.
LiveWire Private Label “7X Pure” and Basso Botanicals
To further establish our market position in the California cannabis market, LiveWire has entered into a Distribution and Private Label Agreement with Basso Botanicals, a manufacturer of organically grown, full-plant, full-spectrum, active hemp oil extracts in a variety of products to help people and animals experience its various health benefits and promote a healthy lifestyle. Basso Botanicals will be the first manufacturer to implement LiveWire’s 7X Pure™ Dosing and Verification system to ensure consumers Basso products are of the highest quality.
We share a vision for the future with Basso, not only in product development and in the utilization of legal distribution channels, but also the importance of an extremely high set of standards. The 7X Pure™ Dosage and Verification system fits this vision perfectly. Basso Botanicals is well-respected in the industry and its quest to develop only the highest quality pharmaceutical grade products for consumers. This mirrors LiveWire’s approach to a changing cannabis industry whose customers’ demand clean, high-quality and certified product.
Equine Research
The Company has established a dedicated and permitted CBD/cannabis research section on the newly acquired Estrella Ranch and Nursery property in Paso Robles, California to collaborate with and coordinate the company's research teams in its different locations.
As its first critical project the Company has gathered a high-caliber research team with some of the leading experts in the US Performance Equestrian field. The team is comprised of a leading US veterinarian, an Internationally recognized Equestrian Olympian rider and coach and a team of accomplished and well-respected US riders and coaches. The team is currently training on an International level at Ad Astra Stables, one of the leading equestrian facilities in Encinitas, California. LiveWire's research team also plans to engage with other medical industry experts and enter strategic alliances with medical research departments of California universities to expand research in this newly emerging industry sector.
Our recent acquisition of the Estrella Ranch property in Paso Robles enables us to support these explorations of the group and the production of research material better than ever before in one singular location. We are looking forward to begin the work soon and will make every effort to accelerate the advancement of the medical knowledge in the field, support the continuing effort for further legalization and to eventually provide credible and high-quality applications that will benefit the entire equestrian field."
Board of directors and Advisory Board
To further increase transparency and comply with OTCQB compliance, we have added two independent directors to our Board of Directors and are planning to expand our advisory board with additional members that will be able to provide their expertise, additional strategic advice and additional public exposure to the Company.
Share Structure – Minimal Dilution
While we did make a significant down payment for the acquisition of the Paso Robles Ranch, we have been able to avoid issuing large numbers of new shares to avoid dilution for our existing shareholders. Due to revenue increases during Q2, mainly based on revenues generated in our distribution subsidiary, and our ability to secure the acquisition of the Estrella property via favorable mortgage loan agreements, we were able to avoid further share dilution caused by fundraising activities.
OTCQB Up-Listing
In January of 2019 we filed our quarterly report for Q3 2018 and additional OTCQB application documents for a final review by OTC Markets, as required before final approval of our up-listing application. After the review by OTC we were informed that certain disclosures formatting needed to be amended and reposted.
Due to timing deadlines for the filing of our Annual Report 2018, we had to decide on whether to continue making the requested changes to the quarterly report or prepare and file our audited annual report for 2018, since we fully expected that OTC would now request the most recent Annual Report to back up our application for up-listing to the OTCQB . We chose to focus on the auditing of the annual report and to post the unaudited financials while the audit is getting finalized. We’re confident that our reapplication combined with the audited Annual Report for 2018 will meet the requirements for OTCQB up-listing. The audit and disclosure process is an expensive and time consuming process, and we dedicate resources as much as possible to finish the process.
Summary of our Achievements over the last 12 Months
Acquired $6 Million 265-acre Estrella Ranch property in Paso Robles, California
Received cultivation/nursery and distribution license for its nursery in Coachella, California
Received cultivation/nursery and distribution permit for its nursery in Paso Robles, California
Received CA State distribution license from the California Bureau of Cannabis Control
Began operation of statewide distribution division for distribution of cannabis products throughout California
Begun vetting process for agreements for select third-party operators on Estrella Ranch
In negotiation with San Luis Obispo City Council for Hemp production license at Estrella Ranch
Installed the first of several planned state-of-the-art self-contained production PODs at its California facility
Entered distribution agreements and “7X Pure” Private Label Agreement with botanical company
Engaged renown expert legal, environmental engineering and compliance teams
Engaged research teams with highly recognized athletes and published experts to commence with leading-edge research to explore the application of cannabinoid products for human and equine applications.
Planning expansion into the sports and cosmetics markets for CBD or THC infused products with well recognized sports icons.
In the planning stages for expanding the proprietary “7xPure Compliance & Dosage Verification System” Lab system.
Continuing to explore potential acquisition targets and strategic alliances
Complete financial transparency via financial audits and begun OTC up-listing to OTCQB process.
?Q2 2019 Expectations
While we have been focused so far on carefully setting up our model of a fully vertically integrated legal and vertically integrated cannabis operation that can set itself apart from the competition, so far, we have only produced limited revenue. We believe that this going to change moderately with this Q2 2019 financial report, and we have high expectations for the second half of 2019 and the full years of 2020 and 2021, once our complex setup process is in place. We look forward to taking advantage of a fully legal and vertically integrated operation on one of the most beautiful facilities in California with perfect climate for our business purpose and an advantageous profit sharing model for the befit of all participants.