Livewire Ergogenics (LVVV)

[Breadcrumbs]

LiveWire Ergogenics Obtains Cannabis Cultivation Permit from the City of Coachella, California

February 28, 2018 09:00 ET | Source: LiveWire Ergogenics, Inc

Anaheim, CA, Feb. 28, 2018 (GLOBE NEWSWIRE) -- LiveWire Ergogenics, Inc. (OTC: LVVV), a company focused on product development, acquisition and management of legal, fully controlled and contained turnkey production facilities for cannabis-based products and services, announced today that it has obtained a cannabis cultivation / nursery permit for its production facility from the City of Coachella, California. The permit, effective immediately, has been granted for nursery and cultivation activities.

The LiveWire facilities will be built within the walls of the Coachella Brands property that includes a development of two parcels that total 41 acres, divided into an 8-acre and 33-acre parcel. In phase one, LiveWire’s build-out will be on the 8-acre parcel and include several greenhouses and clone-pods for nursery and grow operations. The property already includes two extractors and a vape manufacturer.

Bill Hodson, CEO of LiveWire stated, “Our team has been working diligently to secure local permits in cannabis-friendly municipalities throughout California. The City of Coachella, not only is at the forefront of implementing the new California cannabis laws and establishing a well-regulated business environment, but is also recognized worldwide as a premier entertainment destination”. Mr. Hodson continues, “This permit is a milestone in the Company’s development and demonstrates our commitment to our vision. The focus of our goal is to become the premier provider of quality cannabis products and services in the burgeoning California market. We believe that compliance with the State law and all local ordinances, rules and regulations is the key for any company in this sector to succeed and generate an exceptional ROI for its investors.”  

Richard O’Connor, President of Coachella Brands, adds, “LiveWire’s vision of propagating and cultivating only the highest quality cannabis products is exactly what we were looking for in our program. Bill, along with his experienced management and consulting team, has a deep understanding of what is needed to develop high-quality products for the cannabis culture. And they have begun to develop a great solution to control and insure premium pure quality products.”

With the establishment of these facilities that will be home to its nursery/cultivation, edibles and medicinal lotions divisions, LiveWire will become a key player on the Coachella property. The Coachella property is being developed into a cannabis showcase, demonstrating the operation of a legal, fully controlled and contained environment within the walls of this beautifully master planned project. Phase two is currently being discussed with Coachella Brands to include additional canopy space and permits within the 41-acre master plan.

The Company plans to secure additional permits and licenses in order to pursue its plan to establish cannabis projects throughout the state of California. Operations will be conducted under a newly formed subsidiary, GHC Ventures.

For more information about LiveWire Ergogenics, visit http://www.livewireergogenics.com. For non-material updates, follow LiveWire Ergogenics on Twitter @livewireLVVV.