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LiveWire Ergogenics Inc. (OTC: LVVV) has introduced Sol Vida, a groundbreaking cannabis elixir spray. This first-of-its-kind product offers dose-controlled, easy-to-use cannabis in a convenient spray bottle. Produced by affiliate Estrella River Farms, Sol Vida uses sun-grown cannabis from Estrella Ranch and a solventless extraction method, resulting in high-terpene, potent live resin oil.
The product line includes six SKUs: four fruity, high-THC options and two for relaxation, sleep, and pain relief. Sol Vida aims to provide a safer, more palatable alternative to traditional tinctures, with quick absorption and accurate dosing. This launch is part of LiveWire's strategy to develop higher-margin retail products, positioning itself against bulk product sale fluctuations in the cannabis market.
LiveWire Ergogenics (OTC: LVVV) has acquired a minority equity position in Verde Partners, a Nevada-based investment firm that owns the Del Gro Cannabis Campus in Coachella, California. The acquisition involved a stock swap of 1,000,000 preferred and 1,000,000 common shares in Verde Partners for 10,000 LiveWire Preferred B stock, representing 2.35% of Verde's preferred and 2.8% of common shares. LiveWire plans to purchase the remaining Verde shares under a similar formula.
The Del Gro Cannabis Campus is a 110,000 sq. ft. facility valued at $65 million, generating $3.8M in annual lease revenues and is projected to achieve a net operating income of $5.5M in 2024. The campus offers comprehensive services for cannabis cultivators and is set for a second phase of similar size.
This strategic investment aligns with LiveWire’s expansion and diversification strategy in the cannabis market, aiming to enhance shareholder value.
LiveWire Ergogenics Inc. (OTC: LVVV) has announced its agreement to acquire a majority stake in Green Eagle Cannabis Delivery in Los Angeles. This strategic acquisition aims to enhance LiveWire's direct-to-consumer sales channels for its Estrella Weedery brand. The CEO, Bill Hodson, noted that Green Eagle is poised for revenue generation in Q2 2023, following the issuance of necessary permits. The delivery service will cover key areas in Los Angeles County, tapping into the nation’s largest cannabis market. The acquisition is subject to Green Eagle meeting specific financial milestones.
LiveWire Ergogenics Inc. (OTC: LVVV) announced an expansion of its distribution network for Estrella Weedery branded products in California. This move follows the successful delivery of the first two waves of products, including Phire Live Resin vape cartridges and Halfsies Concentrates. CEO Bill Hodson highlighted the strong market reception and the aggressive strategy to boost brand awareness. The company operates from its Estrella Ranch in Paso Robles, which focuses on sustainable cannabis cultivation. Additional resources are shared with its subsidiary, Makana Ola Ranch, in Humboldt County.
LiveWire Ergogenics (OTC: LVVV) announces the shipment of its second wave of Estrella Weedery co-branded products, including the premium cannabis concentrate "Halfsies," developed in partnership with Cannavision Labs for statewide distribution in California. CEO Bill Hodson reports strong initial success with their value-added products, paving the way for future releases. The "Halfsies" product combines live resin and live rosin, promising flavor and purity. LiveWire focuses on cultivating high-quality cannabis at its historic Estrella Ranch, aiming for cost-effective production with minimal environmental impact.
LiveWire Ergogenics Inc. (OTC: LVVV) has launched its first co-branded cannabis products, "Estrella Weedery" and "Phire," through its affiliate Estrella River Farms. These products include high-quality vape cartridges, "Fatso" and "Wedding Pie" Live Liquid Diamonds with THC levels of 91.38% and 88.41%, respectively. The company aims to address increasing consumer demand for premium cannabis through organic cultivation practices. The products will be distributed via Kushagram, enhancing accessibility in California's cannabis market.
LiveWire Ergogenics (OTC: LVVV) reported a 51% increase in Q3 2022 revenue to $378,519 and a 183% increase in nine-month revenue of $1,250,351. The company achieved its third consecutive profitable quarter with a net profit of $51,121, a significant recovery from a loss of $2.4 million in Q3 2021. Overall net profit for nine months reached $245,911, compared to a loss of $3.3 million in the prior year. CEO Bill Hodson anticipates 2023 as a breakout year driven by legal market expansion and operational efficiencies.
LiveWire Ergogenics (OTC: LVVV) recently updated shareholders on its progress at Estrella Ranch, aiming to establish California's premier cannabis cultivation facility. The letter highlights successful pilot projects yielding high-quality sun-grown cannabis and the development of its "Estrella Weedery" brand through partnerships with distributors. Despite challenging market conditions affecting the cannabis industry, LiveWire's focus on value-added specialty products and sustainability positions it for growth. The company expects significant expansion, including additional permits and branding efforts, as the North American cannabis market is projected to grow significantly by 2028.
LiveWire Ergogenics Inc. (OTC: LVVV), a cannabis-focused real estate and operations company, has signed distribution agreements with Kushagram Delivery and Green Eagle Delivery. This collaboration will enable the distribution of products from its affiliate, Estrella River Farms, through two of California's largest cannabis delivery services. Estrella River Farms has received nine additional cultivation permits, expanding its operational area to over 130,000 sqft, and is expected to triple its output in 2022. These efforts aim to enhance LiveWire's market presence and revenue in the world's largest cannabis market.
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