Livewire Ergogenics Inc (LVVV)

[Louied91]

$LVVV Livewire announced Financial Results for the First Quarter 2024

https://stockwatchindex.com/livewire-announced-financial-results-for-the-first-quarter-2024/

Anaheim, CA, May 21, 2024 — LiveWire Ergogenics Inc. (OTC: LVVV), a company focused on acquiring, managing, leasing, and licensing special-purpose real estate properties and operations conducive to producing high-quality, handcrafted, and sun-grown cannabis specialty products for medical and recreational adult use in California, today announced financial results for the first quarter 2024.



Bill Hodson, CEO of LiveWire Ergogenics, states, “While revenue for Q1 2024 was lower than in 2023, we could still generate a profitable quarter. Since the first quarter of 2022, the company has now generated nine consecutive profitable quarters. The first quarter of 2024 was an intense preparation and growth reorganizational quarter for our affiliate Estrella River Farms in preparation for two high-quality harvests in 2024 and significant revenue increases for Livewire in Q3 and Q4 of 2024.”



“Despite the lower revenue, we could still produce a ninth profitable quarter based on our financial discipline and strict cost control. We continue to focus on running an operation with the lowest possible overhead and are reinvesting all cash generated back into operations to facilitate and expand the growth of the best sun-grown cannabis in California. At the same time, we have been developing new “Estrella Weedery” products for introduction into distribution and maximizing efficiency with an outlook to improve financial performance for 2024 significantly.”



Estrella River Farms, our licensed grower on Estrella Ranch, is currently cultivating three (3) acres of licensed canopy. They have planted over twelve (12) high-producing strains, with plans to harvest in June.