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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 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
$LVVV
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
Thats right Doc, LVVV will be running again and we WILL see higher highs as well at some point. Regardless of what anybody says, this stock is WAY UNDERVALUED imo.
LiveWire Ergogenics Begins Equestrian Research Project with leading Experts in the US Performance Equestrian Field
Releases First Research Report
Anaheim, CA, July 30, 2019 -- LiveWire Ergogenics, Inc. (OTC: LVVV) announced today the release and distribution of its first Research Report for the effectiveness of treatment derived from CBD for several under-investigated conditions in the equestrian sector. The research will be conducted especially for International high-performance horses in the hunter/jumper and dressage sectors by the members of LiveWire’s recently constituted research team. The report covers the size and scope of the use, efficacy, safety and future of CBD in the equine world as it relates to the application for joint inflammation, anxiety, gastronomical disorders, pain, and general wellbeing.
LiveWire Ergogenics has established 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 and 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 California. LiveWire's research team also plans to engage with leading industry experts and enter strategic alliances with medical research departments of California universities to expand research in this newly emerging industry sector. The Company has also 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.
Bill Hodson, CEO of LiveWire Ergogenics states, "We are very pleased that we now begun work with our first research project with such an esteemed group of equestrian experts. Our recent acquisition of the Estrella Ranch property in Paso Robles will enable us to support the explorations of the group better than ever before. We will make every effort to accelerate the advancement of the medical knowledge in the field, support the continuing effort for further legalization in the sector and to eventually provide credible and high-quality applications that will benefit the entire equestrian field."
DOWNLOAD RESEARCH REPORT HERE
About LiveWire Ergogenics, Inc.
LiveWire Ergogenics, Inc. (LVVV) specializes in identifying and monetizing current and future trends in the human and veterinarian health and wellness industry. The Company is focused on acquiring, managing and licensing specialized “closed loop” turnkey cannabis real estate locations of fully compliant and permitted turnkey facilities to produce cannabis-based products and services in California and the state-wide distribution of these products. This includes verification of zero pesticide products for quality brands via its “7X Pure” Cannabis Verification System, and the development, licensing and distribution 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.
What good is 200 mil if you can’t ever spend it? LOL. looks good on paper, but it don’t mean squat if you can’t ever get it.. Bill will most definitely make out good on any deal struck imo..but it’s just un realistic to think he can draw anything remotely close to that lol...
Yeah, Tony for sure has unseated Bill as the new Twitter KING it appears LOL
Also we have to realize that while it’s a TON of shares he has, it isn’t realistic to think he could just go in and cash that out on the stock lol...that just isn’t possible or realistic...he would never get anything close to that no matter what and only put Tony out of business...not a smart call imo.. some concessions will need to be made on both parts to make this work...its highly favorable for LVVV if Tony succeeds...
Better to own 4.99% of a successful company? Or billions of a failed one? I’m confident Bill will make the best decision he can for the company and his shareholders..
Not sure what amount it would have been, but it would also entail a wash of what’s owed to Tony and consultants, plus still owning 4.99% of apru shares, and anything else they may have agreed..one thing is for sure...Bill has the upper hand here no matter how you shake it and he is gonna get what he feels is best imo. We will see on the upcoming filings if anything really transpired or not
It’s being worked on is how I understood it...each have a stake...Bill owes Tony , consultants shares from before...Bmel mentioned 100 mil...and Bill has like 15 bil of APRU..less whatever Tony bought back these past few months as b,el mentioned
Nice, I think Bill did mention something about Tony trying to raise the money....Tony must have been busting butt these past few months..
Yeah, recent filings show LVVV still owns 77% of the company... hopefully they can figure something out and get it all resolved...
How so?
As with any start up business, i would take all the losses i can, for as LONG as I can. REVS are what is important here, and that they show an increase every Q, which is what we are on the verge of seeing happen here now..
As for your Up List question, that was addressed in the Letter..
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.
$LVVV
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,
At least we KNOW some revenues are coming in now.. Also, we have a CEO that does have some integrity here as well imo. This says a lot for a Pinky.
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.
$LVVV
Its a young market still, and yes, kinks still need to be worked out with Taxation, Regulation, banking etc... Its all going to get worked out at some point imo. CA is also one of the largest economies in the world, and is the best place to be for MJ IMO.
I am invested for whats to come, work out the kinks in the meantime, and buy all the cheap shares I can. The longer we have for Bill to get this business up and running, the better, before any legalization comes into play, and/or banking for that matter. Once that happens, LOTS will be happening and fast.. Bigger Bill gets this business before that happens, the more we get on any potential buy out.. Which WILL happen at some point imo. Thats what im waiting for.
$LVVV
Do you seriously think they are NOT going to do something about this?? LOL
California cracking down on illegal weed sellers
Cannabis is displayed at Essence Vegas Cannabis Dispensary before the midnight start of recreational marijuana sales on June 30, 2017 in Las Vegas, Nevada. (Photo by Ethan Miller/Getty Images)
Cannabis is displayed at Essence Vegas Cannabis Dispensary before the midnight start of recreational marijuana sales on June 30, 2017 in Las Vegas, Nevada. (Photo by Ethan Miller/Getty Images)
Posted Jun 22 2019 07:58PM CDT
LOS ANGELES (AP) - California is planning to intensify its enforcement against the state's thriving illegal marijuana market, including launching an ad campaign Friday that urges consumers to seek out licensed shops with safe products.
The state has been under pressure by the legal industry to do more to stop the illicit pot economy, which in Los Angeles and other cities often operates in plain sight. According to some estimates, up to 80 percent of sales in the state remain under the table, snatching profits from legal storefronts.
"We are going to start having a more aggressive enforcement stance to come after the illegal market," Lori Ajax, the state's top cannabis regulator, said at an industry forum.
CONTINUE READING BELOW
The state announced it was kicking off a public information campaign -- Get (hash)weedwise -- that encourages consumers to verify that their purchases are tested and legal.
Ads will be hitting social media sites and billboards promoting a state website where shoppers can quickly check if a shop is licensed -- CApotcheck.com.
The campaign makes a simple argument: You don't know what you're getting if you buy illegal products.
One ad says, "What's in your weed shouldn't be a mystery. Shop licensed cannabis retailers only."
The campaign "will directly impact consumer safety by clarifying that only cannabis purchased from licensed retailers has met the state's safety standards," Ajax said in an earlier statement.
The ads are also intended to telegraph a warning to illicit shops and underground growers: Get licensed to operate in the legal market, or shut down.
The need for tougher enforcement came up repeatedly at the forum, which was organized by the United Cannabis Business Association, a trade group.
State Assemblyman Tom Lackey, a Republican from Palmdale, called the problem the "biggest failure right now in the system."
"Regulations are merely suggestions without an enforcement arm," he said, adding that the state and local governments are failing to work together.
Nicole Elliott, senior adviser on cannabis to Gov. Gavin Newsom, said state funds for enforcement would nearly double in the fiscal year than begins July 1, to $113 million.
California kicked off broad legal sales Jan. 1, 2018. But the illegal market has continued a bustling business, in part because consumers can avoid steep tax rates by buying in unlicensed dispensaries.
But there's a trade-off for saving a buck. Illegal products have not met strict state testing standards and could be tainted by mold, pesticides, heavy metals -- even human waste.
"Do you know what's hiding in your counterfeit edibles?" one ad asks.
Agency spokesman Alex Traverso said the ads are part of a three-pronged campaign intended to eventually corral illegal sales -- the others are enforcement, including shutting down illegal shops and farms, and quickly licensing businesses that want to enter the legal economy.
The state is spending an initial $1.7 million on the campaign and hopes to "get it in front of as many eyeballs as possible," Traverso said.
No one is predicting the campaign will bring illicit sales to a halt. But it's being seen as another step to aid legal businesses as the state transitions from what was once a largely illegal economy into a multibillion-dollar, regulated marketplace.
Industry officials highlighted ongoing struggles for the nation's largest pot market, including tax rates that can approach 50 percent in some communities, a maze of regulatory hurdles that discourage operators from entering the legal market and the challenge of establishing a California brand in the rapidly developing global market.
Democratic state Sen. Steven Bradford of Compton said the marketplace needs more diversity. "If the industry does not look like California, it will never succeed," Bradford said
Maybe because you are not the only investor here, as there are NEW eyes potentially looking at this stock daily. This is a PUBLIC FORUM after all. LOL What someone missed yesterday, could see today. Is it wrong to post DD on this forum for investors to view? nothing wrong with rehashing SOLID DD for a LEGIT COMPANY trying to do the right thing.
One of which BTW does NOT SELL MJ! If one does their DD they would have known the business plan of the company. CLONES is a different story than selling MJ.
$LVVV
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.
Stay tuned.
Bill Hodson
Chairman and Chief Executive Officer
Its still a step in the right direction imo, regardless if its 2% or 20%.. As Revenues ARE happening.. That is KEY, and from what was stated, its going to only increase from here in out. So long term, this is still looking like a "Win Win" for me, especially at these CHEAP levels.
I will be MORE than grateful for anything less than a penny if it hits there.. I have dry powder ready to go! LOL
$LVVV
Summary of LVVV 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.
$LVVV FTW!
Quote:
"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."
BUT yet, it goes on to say the following.
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.
As a long term investor, this is HUGE NEWS! and LOTS TO LOOK FORWARD TOO!
Good luck with those .009s.. If it hits there I will also be scooping them up myself. LOL!
$LVVV FTW
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.
Maybe they can even donate a small part of the Ranch to the City to help educate local farmers in the area for growing HEMP as well. It would be a good outlet for them to have an immediate buyer for their crops..
LOTS OF POTENTIAL HERE!
$LVVV
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.
Good point Zig, and agree! lol.. But i think even for the buds, how many will really grow their own.. not like everyone is growing their own Tobacco, or making their own BEER! LOL,...anyways, they can sell them the clones to do so if they wanted.
SOIL TO OIL, 7X PURE FTW.. Its more than just about quality control with this.. its also about the track and trace feature.. This is big and almost a certain requirement for any legalization on a national level imo.. Tax purposes, history of the seed, genetics, etc..
$LVVV
Yeah, thats what i was thinking too. LOL. Would be better suited out there weather wise anyways. Plenty of room too. Get to the Pitch Bill!
$LVVV
LiveWire Ergogenics Subsidiary GHC Ventures Enters into Distribution Agreements with Two Leading California Cannabis
LiveWire Ergogenics Subsidiary GHC Ventures Enters into Distribution Agreements with Two Leading California Cannabis Manufacturers
Anaheim, CA -- April 2, 2019 -- InvestorsHub 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
LOL.. Been there already, but will be going again as things progress, its nice country out there. Paso Robles is a really small town, quaint, vineyards everywhere out there as well.. Pretty nice. You see where it says LAB? That building is where they used too bring the horses in to do the WHOOPEE LOL
I dont think Tony and Bill have resolved anything with that yet imo.. As it stands, I still think LVVV owns a TON of shares of APRU and they are still in the works of coming up with a mutual agreement to resolve..
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.
$LVVV FTW!
They have yes, and a big portion from distribution it appears..this is a great update imo. From what I’m seeing, we will for sure see an increase in revenue q2, that will only exponentially increase every q after...
BOOM! LVVV FTW
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[/b], 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.
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.
Stay tuned.
Bill Hodson
Chairman and Chief Executive Officer