Is it just me, or is this a shell game that acts more like "Groundhog Day"?
On September 28, 2021, the Company signed a Letter of Intent to acquire a 4.99 % equity position in Makana Ola Farms in
Humboldt, California. The letter of Intent established a 4.99% equity position for Livewire Ergogenics with an option for 100% (one
hundred percent) equity ownership subject to specific legal, licensing, and financial milestones. LiveWire's due diligence process has
been concluded, and it has executed a definitive agreement to acquire one hundred percent of Makana Ola via a performance-based
earn-out. It will not require issuing any additional LiveWire common shares. Accounting treatment for this acquisition had been
detailed in the 4th quarter of 2022. As of December 31, 2023, the company has decided to terminate the agreement to purchase 100%
of Makana Ola; no additional shares have been issued, and the change has no material impact on financial results.
On October 10, 2021, the Company signed an agreement to acquire a 51% majority equity position in Estrella Ranch Partners, LLC.
On March 7, 2023, Livewire signed an option to acquire a majority equity stake in Los Angeles Cannabis's direct-to-consumer
delivery company, Green Eagle. Entering the final agreement is subject to satisfactory due diligence and Green Eagle meeting
specific financial milestones. This transaction requires approval from city and state agencies, and the company is waiting for this
information from the current license holder. As of the end of Q3 2023, the company has decided not to execute its option.
Livewire has secured the option to acquire equity ownership in Estrella River Farms at its sole discretion. It is subject to clarifying
the discrepancies between Federal, State, and local ordinances and other specific legal, licensing, and financial laws and conditions to
the company's satisfaction.
We keep putting money into all these other ventures, then backing out of the deal. Nice way to hide money, or launder money?????
