Replies to post #63812 on Livewire Ergogenics Inc (LVVV)

[Ronin]

FACT! Dispensaries are closing in CA due to glut of MJ...

LVVV is sooo late to the show. All this is Pure7x is just pure hype! They have zero production facilities, just farms. More cash would be needed to try and break into otherwise glutted markets...

Here's article after article about how CA already has too much weed. Some articles date back to late 2017. The most recent are from this summer...

The following is a re-post of an article written by Andrew Sheeler of the Sacramento Bee
California has too many marijuana farms — growing too much product — and if nothing is done it will devastate the industry, according to a 2019 cannabis harvest projection. Vessel Logistics, a San Francisco-based cannabis distribution company, found that more than 1,142 acres of cannabis farms hold state permits. They can produce up to 9 million pounds of crop every year, but the permitted wholesale market can realistically support 1.8 million to 2.2 million pounds.
“Thus, even when a 50 percent cut in production is accounted for, a significant oversupply is unavoidable in 2019,” the report concluded.

https://www.cbc.ca/news/world/california-cannabis-production-wine-country-1.5072800

https://www.cannabisbusinesstimes.com/article/california-growing-too-much-cannabis-market/

https://www.cannabisimp.com/report-california-is-growing-too-much-marijuana-and-thats-not-necessarily-a-great-thing/


The BS about LVVV distributing MJ is a farse, imho! Companies that have been distributing since legalization are shutting down due to competition, competition that's already earning $$$Millions...

This has turned into, and most likely always was, a DILUTION scheme for insiders. Just check the list of who shares where issued to in the last 10Q. It begins on page 4 and runs until page 8!!!! 4 friggin pages of people getting free shares for doing squat!!!!

https://backend.otcmarkets.com/otcapi/company/financial-report/235478/content

Don't get burnt here!!! I did back in 2016 when LVVV was into Energy Chews. That business failed too ...