LIVEWIRE ERGOGENICS INC - LVVV STOCK NEWS

Livewire Ergogenics (OTC: LVVV) has announced that its affiliate, Estrella River Farms (ERF), received approval for nine additional cultivation licenses from the California Department of Cannabis Control. This expansion increases the canopy area to over 130,000 sqft at Estrella Ranch, enhancing production capacity ahead of the 2022 harvest. CEO Bill Hodson emphasized the rigorous licensing process and the company's commitment to environmentally friendly practices. Estrella River Farms aims to produce top-quality sungrown cannabis, leveraging the region's favorable microclimate.

LiveWire Ergogenics (OTC: LVVV) is enhancing its project at Estrella Ranch in Paso Robles, California, aiming to position it as a top cannabis tourism destination. The company plans to create the world's first Estate Grown Weedery™ focusing on high-quality, organically sun-grown cannabis. With a significant portion of cannabis sales driven by tourism, LiveWire aims to attract visitors interested in cannabis culture. The project follows extensive planning and compliance efforts and aims to generate revenue while promoting cannabis as a wellness product.

LiveWire Ergogenics (OTC: LVVV) has provided an update on its Estate Grown Weedery project in California. Entering its third year of development, the project aims to cultivate high-quality, organically sun-grown cannabis. The company has doubled its planting capacity, with biomass from the 2021 harvest now converted to distillate products. Approval is pending for additional cultivation areas. CEO Bill Hodson highlights the company’s shift in strategy due to falling cannabis flower prices, focusing on premium product quality and brand recognition through partnerships.

LiveWire Ergogenics (OTC: LVVV) has released its Q1 2022 Financial Report, showing significant growth. Revenues soared by 392% to $408,519 compared to Q1 2021, driven by increased rental and licensing income. The company reported a 103% improvement in net profit, reaching $11,668, up from a loss a year prior. Total assets rose to $4,718,650, exceeding liabilities by $1,067,818. LiveWire is focused on expanding its Estrella Ranch operations and enhancing its cannabis product offerings with the expectation of increased revenues in Q2 2022.

LiveWire Ergogenics Inc. (OTC: LVVV) announced its 2021 Annual Report, highlighting a 47% sales increase to $851,199 and a 58% rise in gross profit to $851,199. The company's total assets grew by 56% to $4,520,877, yet it faced an operational loss of $3,432,426, up from $1,600,899 the previous year. LiveWire aims to capitalize on the 'Weedery' model, targeting cannabis eco-tourism and direct consumer sales. The company also completed significant milestones, including securing state cultivation licenses and delivering its first harvest.

LiveWire Ergogenics Inc. (OTC: LVVV) has successfully acquired Makana Ola Farms in Humboldt, California, completing a strategic deal that began with a letter of intent in September 2021. The acquisition allows LiveWire to own 100% of the farm, which is now fully operational with state licensing in place. This 40-acre facility will enhance LiveWire's portfolio focused on sustainable, handcrafted cannabis cultivation. The company plans to implement a robust marketing strategy for Makana Ola products, leveraging its established distribution network throughout California.

LiveWire Ergogenics Inc. (OTC: LVVV) announced a strategic revenue-sharing agreement between its affiliate Estrella River Farms and Phire Labs to produce and distribute high-quality cannabis extracts. This partnership aims to enhance market penetration across California's cannabis market through Phire Labs' established retail footprint. The agreement allows for the conversion of Estrella's biomass into premium extracts, which are expected to command higher sales values. LiveWire's collaboration with Phire Labs marks a significant step forward in their operational strategy.

LiveWire Ergogenics Inc. (OTC: LVVV) announced its strategic goals for 2022, focusing on expanding its cannabis operations amid challenging market conditions. The company aims to suspend a Reg A Offering to ease share price pressure, expand cultivation at Estrella Ranch, and implement a sales strategy. By focusing on cultivating organically grown cannabis, LiveWire expects to surpass $1 million in net income. The company has made significant progress over the past 24 months, including acquiring Estrella Ranch and obtaining key permits for cannabis cultivation.

LiveWire Ergogenics (OTC: LVVV) has appointed Thomas Elliot Fite as the brand manager for its Estate Grown Weedery^™ brands. Fite, a U.S. Marine veteran with a strong background in digital marketing, will focus on enhancing the company’s parent brand, Estrella River Farms. The company is expanding its cultivation area by 2 acres, resulting in over 130,000 square feet of growing space. This expansion aims to meet increasing demand and promote the Estate Grown Weedery^™ products more broadly across California.