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Monday, October 18, 2021

Livewire Ergogenics Inc (OTCMKTS: LVVV) Powerful Runner as Estrella River Farms Receives Approval to Operate its Commercial Cannabis Business

Livewire Ergogenics Inc (OTCMKTS: LVVV) is making a powerful move up the charts after the Company reportred today Estrella River Farms receiving its official APPROVAL TO OPERATE a commercial cannabis business from the County of San Luis Obispo, and the State of California. LVVV is getting noticed by some pretty heavy hitter penny stock players. LVVV is quickly emerging as an investors favorite and is currently among the most actively searched and talked about stocks in small caps. LVVV is looking to blaze a path along the likes of Enzolytics or Tesoro and break out into a whole new dimension – Tesoro went to multi dollars – a break over $0.04 and its blue skies ahead.  

The Company is currently building out its Estrella Ranch headquarters in Paso Robles, California which recently received approval for its State license application for cannabis cultivation on historic Estrella Ranch in California. Estrella River Farms has received notification from CalCannabis Cultivation Licensing, a division of the California Department of Food and Agriculture that its State license application was approved for its location in Paso Robles California in the Central Coast of California. The Company’s large facility acreage and the business model it has developed allows itto consistently scale our cultivation areas to full capacity as dictated by the increasing demand for our products and in accordance with each additional permit issued. Currently state approval is pending and the Company estimates the facility could produce $50 million in annual revenue at full capacity. 

Livewire Ergogenics Inc (OTCMKTS: LVVV) is focused on acquiring, managing, and licensing specialized “closed loop” turnkey cannabis real estate locations of fully compliant and permitted turnkey facilities to produce cannabis-based products and services in California and the state-wide distribution of these products. This includes the development and licensing of high-quality organic cannabinoid-based products and services and the creation of the high-quality “Estrella Weedery” brand. LiveWire Ergogenics does not produce, sell, or distribute products that are in violation of the United States Controlled Substance Act.  

In late 2019 the Company acquired Estrella Ranch headquarters in Paso Robles, California to construct and operate the world’s first Estate Grown Weedery and to centralize all LiveWire corporate and affiliate operations on this large historic property located in the heart of California’s world-renown Central Coast Wine Country. LiveWire will begin the cultivation process immediately upon the imminent State approval to take full advantage of the vast outdoor acreage and many well-suited residential and commercial buildings, encompassing the initial Phase 1 of 150,000sf of canopy, multiple buildings, supported with ample power and sufficient water supply from multiple onsite wells. The Company’s large facility acreage and the business model we have developed allows us to consistently scale our cultivation areas to full capacity as dictated by the increasing demand for our products and in accordance with each additional permit issued. Currently state approval is pending and the Company estimates the facility could produce $50 million in annual revenue at full capacity. 

Recently the Company has accelerated the construction of all necessary infrastructure improvements to satisfy the legal and environmental requirements for the approval of our cannabis cultivation operations. While we have encountered an abundance of complex Local and State rules and regulations, we have been able to successfully comply with local ordinances and have received final approval for our land use permit from the County, with State application approval pending. 

Since the acquisition of the ranch property over one year ago, the Company has established a valuable and long-term relationship with its main operator QDG Agriculture, to handle the required buildouts, infrastructure improvements and cultivation on the Ranch. We have passed the necessary tests for final permit approval and together with our operator and cultivation partner with successful operations in Humboldt, California, have taken all required steps to begin cultivation instantly, once the State License has been issued. On the production level, our cultivation partner has taken precautionary actions that will allow us to significantly shorten the timeline form the start of cultivation to first harvest. 

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On June 1 LVVV affiliate company Estrella River Farms received approval for its State license application for cannabis cultivation on historic Estrella Ranch in California.Estrella River Farms has received notification from CalCannabis Cultivation Licensing, a division of the California Department of Food and Agriculture that its State license application was approved for its location in Paso Robles California in the Central Coast of California. 

Bill Hodson, CEO of LiveWire and Managing Member of Estrella River Farms states, “Today, we are pleased to announce that ERF received approval for its initial acreage of outdoor cannabis cultivation and officially creates the world’s first Estate Grown Weedery ™ – the cultivation of organically grown, hand-crafted cannabis on a family style farm. This rigorous process took about 20 months to complete and is a major milestone in the execution of our long-term business plan and will allow us to accelerate the implementation of our unique and sustainable business model. Estrella River Farms is now at what I consider, the finish-start line and will have plants in the ground immediately following the County’s final walk-through inspection. As the legal environment continues to evolve, ERF will be in an ideal position to easily scale up cultivation to maximum capacity of the total available acreage, providing growth potential for years to come. The Company has already established multiple relationships with large distributors to enter into supply agreements, assuring immediate utilization of several well-established distribution channels. The application and compliance process is complex and time consuming, but the staff at San Luis Obispo County has been great to work with, especially through the challenges of this past year’s pandemic. We assembled a great team of consultants with in-depth knowledge of extensive local water conservation, endangered species and numerous zoning laws necessary to navigate the requirements set forth by the County. We also have the added benefit of being guided by the most knowledgeable cannabis attorney in the State to interpret and comply with all local and State regulations. Estrella Ranch was previously owned by the King of Morocco and later by the eldest grandson of William Randolph Hearst and is now considered the crown jewel of California cannabis properties, located in the heart of the Central Coast wine country – ideal for growing premium organic outdoor flower. The goal is for the crop and its branding to comply with, and be protected by, the CDFA’s Cannabis Appellations Program when their requirements are finalized.

 

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Livewire Ergogenics Inc (OTCMKTS: LVVV) is making a powerful move up the charts after the Company reportred today Estrella River Farms receiving its official APPROVAL TO OPERATE a commercial cannabis business from the County of San Luis Obispo, and the State of California. LVVV is getting noticed by some pretty heavy hitter penny stock players. LVVV is quickly emerging as an investors favorite and is currently among the most actively searched and talked about stocks in small caps. LVVV is looking to blaze a path along the likes of Enzolytics or Tesoro and break out into a whole new dimension – Tesoro went to multi dollars – a break over $0.04 and its blue skies ahead.  The Company is currently building out its Estrella Ranch headquarters in Paso Robles, California which recently received approval for its State license application for cannabis cultivation on historic Estrella Ranch in California. Estrella River Farms has received notification from CalCannabis Cultivation Licensing, a division of the California Department of Food and Agriculture that its State license application was approved for its location in Paso Robles California in the Central Coast of California. The Company’s large facility acreage and the business model it has developed allows itto consistently scale our cultivation areas to full capacity as dictated by the increasing demand for our products and in accordance with each additional permit issued. Currently state approval is pending and the Company estimates the facility could produce $50 million in annual revenue at full capacity. We will be updating on LVVV when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with LVVV.

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Disclosure: we hold no position in LVVV either long or short and we have not been compensated for this article.

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