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Great Help For Us In This Ticker IMO
We Sell CLONES So We Need Tax Breaks.
Great For The Industry And ACTIVE Sellers But Basically a Somethingburger For LVVV At This Point.
If It Ever Matters To LVVV We May EXPLODE Though.
LVVV
Legal States can breathe a sigh of relief following AG candidate William Barr's cannabis pledge
Submitted by Marijuana News on Wed, 01/30/2019 - 08:44
William Barr - President Trump's pick to replace Jeff Sessions as the US attorney general - has doubled-down on his commitment to take a hands-off approach to cannabis consumers and companies in states that have legalized marijuana use. After telling lawmakers that he wouldn't pursue a crackdown on state-legalized cannabis markets during his confirmation hearings, Barr has released a 247-page document that includes a pledge to let state legal marijuana business continue to operate without fear of federal prosecution, writes Calvin Hughes.
"As discussed at my hearing, I do not intend to go after parties who have complied with state law in reliance on the Cole Memorandum," he wrote, referring to Obama-era guidance that instructed the Department of Justice not to interfere with cannabis businesses that comply with state law and was rescinded by Sessions last year.
However, Barr also said that he would not as of yet be prepared to formally replace the Cole Memo with new marijuana guidances, but that he would look in to it if he becomes attorney general.
"I have not closely considered or determined whether further administrative guidance would be appropriate following the Cole Memorandum and the January 2018 memorandum from Attorney General Sessions, or what such guidance might look like," he wrote in response to a question from Senator Cory Booker (D-NJ). "If confirmed, I will give the matter careful consideration."
Barr also stated in the document that he would also help researchers pursue much-needed research on medical marijuana, even though he still doesn't "support the wholesale legalization of marijuana."
"I support the expansion of marijuana manufacturers for scientific research consistent with law," he wrote in response to a question from Senator Charles Grassley (R-IA). "If confirmed, I will review the matter and take appropriate steps."
This document signals that Barr will take a markedly different approach to cannabis than his predecessor Sessions, who repeatedly threatened to prosecute marijuana businesses in legal states. And while it may not be as strongly pro-cannabis as we would like to see, advocates are pleased with the progress and hopeful for the future of drug reform in America.
"It's positive to see Barr make the same commitments on marijuana enforcement in writing as he did in the hearings," Michael Collins - Director of National Affairs for the Drug Policy Alliance - told Forbes. "My hope is that he sends this message to all federal prosecutors so that states are given space to reform their outdated, broken, racist marijuana laws, and the country can turn the page on prohibition."
And if nothing else, Barr's commitment to expanding cannabis research could result in the federal government finally recognizing medical marijuana as medicine, which 33 states have already done.
California proposes ditching tax to make cannabis more affordable, stimulate legal industry
Submitted by Marijuana News on Wed, 01/30/2019 - 08:48
Lawmakers in the state of California have announced a bill that would eliminate or reduce some taxes on cannabis in a bid to help the legal industry compete with black market producers.
The proposed Bill 286 (aka Temporary Cannabis Tax Reduction bill) would eliminate a cultivation tax for legal growers through 2022 (currently $9.25 USD per ounce of flower) and temporarily reduce California’s cannabis excise tax to 11 percent (from 15 percent).
Introduced on Monday in the state legislature and sponsored by state Treasurer Fiona Ma (D), the proposed legislation comes on the heels of California’s cannabis tax revenue hitting $101 million USD below projections in the first half of 2018.
“We are helping legal Cannabis businesses with their transition into the marketplace, just like we would for any startup industry,” Fiona Ma said in a press release on Monday
Officials and industry players have attributed the deficit on limited access to banking due to a lack of federal legalization and the high taxes charged to the legal cannabis industry by the state.
“The black market continues to undercut businesses that are complying with state regulations and doing things the right way,” said Asembly member Rob Bonta (D – Alameda) at a press conference announcing the bill. “AB 286 will temporarily reduce the tax burden on these licensed operators to keep customers at licensed businesses and help ensure the regulated market survives and thrives. This very strategy has been shown to actually increase overall tax revenue in other states.”
Currently, legal cannabis producers can potentially accrue tax rates of up to 45 percent or more, which is significantly higher than those paid by other businesses operating in California.
I understand Ferr, as far as 7X Pure goes...my only take on that is that it is a proprietary system, in development..it may be that they are not ready to unleash it fully out into the market yet...there are two parts to this..one we all know with the 7 steps of process for verification of a seed to sale system, clean, compliant, the brand...etc...but the other side is all technology based, using blockchain technology to actually record all this on record, securely, from seed to sale, bar lot codes, scanning capabilities, records of all transactions, $$ involved etc..
This is no small feat either, LOTS of programming and development going into this...it may be they are trying to protect what they have until it’s complete.. I find it hard to believe something this good would be held back for any other reason imho.
$LVVV
I’d have to agree Here, i don’t know who he is either tbo, but it stands to reason it isn’t anything but something positive imo. Not sure if uplisting will clarify that anymore? Or if it’s anything they are even required to share? Either way, it’s looking like there are a lot of great things in the works here..
I agree, it’s time to see some revs rolling.. but it definitely looks like we’re close to that now though imo. As for the 7X Pure...they slipped in some verbiage on the report about it being used as the official system of Coachella for CUP applications? then nothing more. This to me is huge news...but why nothing more said? They seem to be tight lipped about it for some reason.. why do you think?
Reality is a lot of LVVV retail consolidating taking place. Just think all the great things LVVV says they are doing and the share price sets up for another massive increase!. LVVV having a great time holding in the 2's. If something happens soon that can be verified by a third party LVVV will be skyrocketing to the moon!
$LVVV FTW
yeah, that should be interesting. I might actually go if in CA, and take some time to drive around to some of our locations. In the least, anybody invested here should take up the conference call if offered.
$LVVV
Exactly, so they drop the SP down to induce selling and pick up the cheapies themselves, to then sell at a higher SP. IMO, pretty obvious when you see $25 sales at the bid, or lower to keep it down..
With what we see happening now in Coachella, and soon in ROBLES. BIG REVS are incoming here, any savvy investor can clearly see this.. As with any stock, we speculate on what we see going on.. and the potential with LVVV is CLEARLY STAGGERING.. We will see a BIL CAP here IMO.
$LVVV
Because that is what they do. LOL Nobody is selling into this. its MMs playing silly games imo, which is criminal IMO. Trying to induce people to sell their shares at a loss or worse yet, at losing the potential for massive increase of gains here. Make no mistake about it.. This company is one of the VERY FEW, LEGIT Publicly owned MJ companies out there, priced CHEAP, and doing everything needed to be a BIG PLAYER..
$LVVV
Good point ferr, then again, that wouldn't be a bad thing either... Expand out across the entire state of CA, and then get scooped up by a bigger company. I'd be happy! LOL.
Personally, i can actually see that possibly happening down the line. But REVS are still going to be needed to complete that.. We have to remember, they are doing EVERYTHING BY THE BOOK. Literally, Bill isnt going to sell Clone 1, without knowing they are fully compliant.. So with Coachella now in play, im sure we will be seeing something coming out of here by way of sales.. Also Robles, they are not going to build this out and not utilize the space for a financial benefit imo.. Being the ONLY Nursery in the area as well? Its a given IMO
$LVVV
Well, at least we know ZERO CREDIBILITY comes from one, and the other..well.. just makes NO SENSE! LOL!
$LVVV
California proposes slashing pot taxes to help regulated industry compete with black market
A bill was introduced Monday in the California legislature that would give legal cannabis businesses a temporary tax break to help them better compete with the underground market.
The proposed legislation follows California's tax revenue projections for the industry coming in $101 million below projections in the first six months of 2018.
State officials have blamed the shortfall on exorbitant taxes placed on the legal pot industry as well as challenges due to limited access to banking.
A bill was introduced Monday in the California legislature that would give legal cannabis businesses a tax break to help them thrive and better compete with the underground market.
Assembly Bill 286, dubbed the Temporary Cannabis Tax Reduction bill, would temporarily cut state excise taxes for legal marijuana retailers from 15 percent to 11 percent and also suspend cultivation taxes altogether through 2022. Supporters say the current taxes and costs that legal cannabis businesses face make for an uneven playing field with competitors from the grey and black markets.
The proposed legislation, which is sponsored by state Treasurer Fiona Ma, follows California's tax revenue projections for the industry coming in $101 million below projections in the first six months of 2018. State officials have blamed the shortfall on exorbitant taxes placed on the legal pot industry as well as challenges due to limited access to banking.
"We don't tax start-up businesses [from other industries] when they start," the state treasurer said. "We need to do better."
Even though at least 30 states have legalized cannabis for medical or adult use, banks and financial institutions are hesitant to provide services to cannabis businesses because federal law still considers marijuana an illegal Schedule 1 drug under the Controlled Substances Act.
"AB 286 is an important step to ensure that we protect legitimate taxpaying businesses and stop the illegal black market in California," Assembly member Rob Bonta, D-Alameda, said Monday at a press conference announcing introduction of the cannabis tax relief legislation. He said the black market continues to undercut legal businesses that are complying with state regulations.
In a release announcing the proposed bill, state officials said cannabis taxes can eventually generate $8 to $20 billion in annual revenue for California. The current taxes imposed on the state's cannabis industry were part of Proposition 64, the adult-use legalization measure passed by California voters in November 2016.
California started selling legal marijuana last year, but some observers have blamed the aggressive state tax rates and overregulation for continuing underground pot sales. Local marijuana taxes have been reduced in some cases by cities, though, as municipalities such as Berkeley look to boost legal pot businesses in regional markets.
At the same time, another challenge for the legal pot industry has been local bans on commercial cannabis activity by municipalities have meant some Californians have to drive long distances to buy legal weed. There's also been licensing hiccups along the way and reports of product shortages.
"The whole California system for adult-use legalization implementation has been a mess," said Troy Dayton, CEO of the Arcview Group, a cannabis investment and research firm based in Oakland, California. "California is the first state where the total retail sales went down after they transitioned to adult use because it's so complex and the taxes are so high and everything else."
Dayton said the lower tax rate will result in more tax dollars for California and provide other benefits, including helping to improve public safety.
"The whole aim of legalization is to compete with the illicit market and to get people to buy from the regulated establishments," he said. "You can't do that if the taxes are so high and onerous that people are driven out of that market."
According to Bonta, California levies an estimated 45 percent tax on legal cannabis businesses when everything is added up. He said other states, including Oregon and Washington, have simplified and dialed back tax rates for regulated cannabis and as a result produced higher tax revenues.
"Once the legal marketplace has established its roots, once it is on its way to success, the tax rates will return under this bill," said Bonta.
Yeah, it’s all good when you’re taking in millions LOL We seem so close now... like the calm before the storm...
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.............
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
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
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
Do you think LVVV will close above .03 this week? With the right news, It can double that EASY imo.
Many were saying LVVV would be at $1.00 or more in due time, and LVVV now holding well in the 2's, ready for its next leg up.
What happen? No Dilution? Starting on getting great Revenue? Plants selling? uplisting soon? Audit long completed? The list goes on and on here of their accomplishments, what other great things are in the making? Can’t wait!
$LVVV
LVVV has held up well at all in reality. If things were really happening with LVVV the PPS would not be this low for much longer
LVVV holds up the PPS quite well before something concrete is to happen, otherwise LVVV's PPS will continue its increase. LVVV has been able to even close to its 52-week high for months now. many things happening with LVVV to justify a PPS increase.
Low Volume = MM Games, pretty obvious today... HOLD TIGHT.. Maybe now we got a few weeks of the Govt open we will see the Up List complete for us.
$LVVV
Its leased...
There is also another 25k sqft of building space they can acquire as well.
Coachella looking to triple number of dispensaries
By: KESQ Staff
Posted: Jan 25, 2019 10:10 PM PST
Updated: Jan 25, 2019 10:09 PM PST
Coachella City Hall
Coachella officials are discussing the possibility of adding more dispensaries.
Councilmembers held a study session on Wednesday to talk about more than tripling the number of permitted dispensaries from three to ten. They also discussed adding a new zone for dispensaries and cultivation sites near Interstate 10 and Dillon Road.
Councilmembers argue that opening more dispensaries will be good for the city's economy.
"Just to give a comparison, the city of Palm Springs, which has a similar population, and Cathedral City they have between 15 and 20 dispensaries permitted. So, it will still be significantly less than our neighbors, but a little better to add more opportunity for business owners and permit growth," said Councilmember Megan Beaman-Jacinto.
City officials will continue talking about this and vote in the next few months.
Download the KESQ News Channel app on iTunes or Google Play for up-to-the-minute breaking news alerts & more
Things are evolving in this business of theirs, and it’s getting close to be moving even quicker...once they start getting revs in to reinvest, we’re gonna see locations pop up everywhere imo...the PODS are great for a quick operational set up... get things rolling, then move them to the next permitted city...etc..etc...
The breadth of where they want to take this business is mind blowing...
$LVVV
Not sure, I know he mentioned two PODS.....but I don’t know if any more than that were delivered , nor the 4 greenhouses they issued Purchase Orders for.. I asked him about it, but he never answered me. : / Bill sandbagging LoL
Now i want more shares. LOL
$LVVV
Personally I also feel UpList is still a big deal....Increase in SP is never a guarantee, but The biggest benefit is increased visibility. Whereas a lower listing confines a company to simple over the counter exchanges between individuals, a bigger listing gives a company access to the larger institutional investors. These institutional investors can start to accumulate positions adding more credibility and liquidity...
Note the report on SWI, publishing this is for a reason I believe..to attract investors, maybe institutional? UpList is needed for this and also part of what they do.
About StockWatchIndex (SWI) SWI is a unique, industry segment focused stock information service, newsletter and website providing insightful and daily updated content and maintaining a market for public company clients. The SWI team has extensive experience in the process of taking companies public via alternative and SEC sanctioned methods. SWI has assisted numerous companies creating and maintaining stock value in the public market and in raising funds for business expansion and/or acquisitions. SWI has a strong and credible presence in the micro-cap and OTC investment communities with an extensive network of followers on Twitter, Facebook and other social media networks. SWI provides simple, thorough and unbiased analysis of market and company news. SWI provides objective third party and analyst points of views and insightful and well-balanced information distribution streams via its established communication network; the GOOD and the BAD.
LOL.. true..I’m more stoked about Robles...but Bill really needs to put these pieces together at some point. Crazy, everything unfolds at once this thing goes bananas
That would be correct Doc
“The property is located in Southern California and is large enough to host five, large and fully functional greenhouses. This four-acre location will serve as LiveWire’s flagship project, according to its master plan to establish a secure, campus-like setting for every LiveWire location populated with multiple greenhouses and research facilities. This first commercial agriculture zoned property also includes a 2,000-square foot residence that is home to the LiveWire caretaker and security team that manages and supervises the property 24/7.”
Would be a quick set up here if they can get the permit...I believe they already have one green house up and running here .... with room to hold 4 more... 4 more green houses sound familiar? We have an order for these..I’m wondering if that order was actually planned in anticipation of this... VERY INTERESTING
$LVVV
Oh WoW, that may be another cat in the bag there.....that would be really nice!
They will when they can GCM, This property they have is located in Unincorporated Riverside, operating as a Collective.. There has been ordinances drafted and discussed to getting this issued so they can apply for licenses there etc.. So once that is passed for that particular area.. i understand they can apply for what they need to operate fully there as well.
Has this happened maybe? It would be a Huge Boon if so. Thats a 4 acre parcel i believe with greenhouses already in operation there.
$LVVV
ALSO POTUS speaking now on putting the kabosh on the shutdown.
It may be that neither does. LOL. Anything can spark this at this point IMO. REVS, Contracts, Permits, State license. If they come out with some huge 7x Pure deal.. I would bet $$$ that this stock would Skyrocket.
With that being said, UPLIST does open the door to new investors however, the audience will increase for sure.. even institutional investors, and hopefully curb the MM games some.
AIMO
$LVVV
Cultivation and Distribution Licenses:
The Company has obtained the first two cannabis cultivation permits for its production facility from the City of Coachella, California and a statewide distribution permit from the California Bureau of Cannabis Control. LiveWire has applied for additional permits and licenses in other California Locations and from the State to pursue its plan to establish LiveWire Cannabis projects throughout California and eventually Nation-wide, once Federal Legalization occurs.
This was off the Report on SWI, if you also look at the Investment Highlights, it shows the Coachella permits already listed and State Distribution License. But NOT the Robles.. So my thought is the additional two CA locations mentioned, one would most likely include ROBLES, leaving us possibly with one other PERMIT coming from somewhere else?
$LVVV
VNDM and the MASSIVE DILUTION will take this to trips
MASSIVE DILUTION!!!!! THERE'S VNDM ON THE OFFER SELLING BILLIONS OF SHARES LMAO
LiveWire Ergogenics Granted Approval for Minor Use Permit to Establish Large-Scale Nursery
Date : 01/22/2019 @ 6:00AM
Source : InvestorsHub Cannabis NewsWire
Stock : Livewire Ergogenics, Inc. (PC) (LVVV)
Quote : 0.027 0.0 (0.00%) @ 9:37AM
LiveWire Ergogenics Granted Approval for Minor Use Permit to Establish Large-Scale Nursery
LiveWire Ergogenics Granted Approval for Minor Use Permit to Establish Large-Scale Nursery and Strengthens Position in California Cannabis Market
Anaheim, CA -- January 22, 2019 -- InvestorsHub NewsWire -- LiveWire Ergogenics, Inc. (OTC: LVVV) announced today that its subsidiary GHC Ventures has been granted a Minor Use Permit from the County of San Luis Obispo Department of Planning and Building to begin build-out and production in its 22,000 square foot Nursery facility in Paso Robles, California. LiveWire Ergogenics, Inc. is a company focused on the acquisition, licensing and management of special-purpose real estate properties and the development and leasing of compliant turnkey production facilities for licensed cannabis-based operations.
The Minor Use Permit has been issued to establish a 22,000 square foot secure indoor cannabis nursery facility on a 220-acre parcel. The project includes the conversion of two existing buildings with sufficient power capacity and abundant water supply. The floor plans include over 10,000 square feet of canopy for “mother” plants and separate clone storage. Additional space will be utilized for flowering plants specifically for research and development.
Bill Hodson, CEO of LiveWire states, "After a lengthy and complicated approval process through all participating California government bodies, we have now received the final approval for this Minor Use Permit. This permit will allow us to begin the build-out process of the two buildings according to our architectural plans, and simultaneously apply for a State License. Due to the amount of detail throughout the permit process, we feel approval from the State will be achieved within a short period of time. We appreciate the detailed work from our legal team and the support we received from the staff in San Luis Obispo County assuring our compliance with local ordinances, and of course the support of the Paso Robles community."
Within the two buildings, the nursery will also contain research and development and staging areas, as well as rooms for cannabis waste, cannabis storage, record keeping, security offices, conference room and additional designated locations required for approval. The facility will be secured via biometric entry locks and comprehensive security features such as motion-sensors, security cameras, exterior lighting that will meet all ordinance standards related to security.
"This will be our second nursery operation in California and will complement our State licenses in Coachella for our high-tech nursery and statewide distribution", added Hodson. "We are now in a position to expedite the implementation of our business plan and accordingly, the financial performance of the Company, to produce a satisfactory ROI for our investors"
$LVVV