Livewire Ergogenics Inc (OTCMKTS:LVVV) Launches on Entrance Into Cali Grow Market https://oracledispatch.com/2018/03/03/livewire-ergogenics-inc-otcmktslvvv-launches-entrance-cali-grow-market/
Livewire Ergogenics Inc (OTCMKTS:LVVV) blew the roof off the chart last Wednesday, ramping nearly 120% higher on record volume as the company hit the wires with big news. Specifically, the company just announced that it has obtained a cannabis cultivation/nursery permit for its production facility from the City of Coachella, California. As stated, the permit, effective immediately, has been granted for nursery and cultivation activities. This gives one a clear sense of how this catalyst is still a huge boost for companies. And we may see more of these in the weeks ahead.
According to its latest release, “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.”
Livewire Ergogenics Inc (OTCMKTS:LVVV) bills itself as a company focused on “research partnerships, product development, and commercialization of cannabinoid-based products.”
The company is positioned as a forward-thinking player focused on identifying and capitalizing on future trends in the health and wellness industry by way of research partnerships, joint ventures, acquisitions, product development and commercialization of cannabinoid-based products and services.
More specifically, at this point, this is a cannabis patch play with a clear focus on exploiting opportunities in the California marijuana market.
According to company materials, “LiveWire Ergogenics, Inc. (LVVV) is focused on identifying and monetizing current and future trends in the health and wellness industry. The Company is focused on establishing research partnerships to explore the application of cannabinoid-based products to target specific ailments or conditions with a large “sufferer” population for human and veterinarian applications. This includes the cloning of cannabis strains to produce positive medicinal results, dosing verification of zero pesticide products for quality brands and development and licensing of high-quality cannabinoid based products and services. The team at LiveWire Ergogenics has a passion for research and is committed to generate and implement innovative ideas and produce high-quality products that satisfy an increasing demand in this fast-growing industry.”
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As discussed above, the stock exploded higher as the market got wind of its newly secured cannabis cultivation/nursery permit for its production facility in California. With that market growing gangbusters, this means potentially big things for the company. And as others see how the stock was treated in response, we may well see others seek the same outcome.
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.”
At this time, carrying a capital value in the market of $16M, LVVV has virtually no cash on the books, which is balanced by about $709K in total current liabilities. LVVV is pulling in trailing 12-month revenues of $22K. In addition, the company is seeing major top-line growth, with y/y quarterly revenues growing at 36.3%. You can bet we will update this one again as new information comes into view. Sign-up for continuing coverage on shares of $LVVV stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in $LVVV, either long or short, and we have not been compensated for this article.