Livewire announced Financial Results for the First...

May 21, 2024

Livewire announced Financial Results for the First Quarter 2024

 

Anaheim, CA, May 21, 2024 — LiveWire Ergogenics Inc. (OTC: LVVV), a company focused on acquiring, managing, leasing, and licensing special-purpose real estate properties and operations conducive to producing high-quality, handcrafted, and sun-grown cannabis specialty products for medical and recreational adult use in California, today announced financial results for the first quarter 2024.

 

Bill Hodson, CEO of LiveWire Ergogenics, states, “While revenue for Q1 2024 was lower than in 2023, we could still generate a profitable quarter. Since the first quarter of 2022, the company has now generated nine consecutive profitable quarters. The first quarter of 2024 was an intense preparation and growth reorganizational quarter for our affiliate Estrella River Farms in preparation for two high-quality harvests in 2024 and significant revenue increases for Livewire in Q3 and Q4 of 2024.”

 

“Despite the lower revenue, we could still produce a ninth profitable quarter based on our financial discipline and strict cost control. We continue to focus on running an operation with the lowest possible overhead and are reinvesting all cash generated back into operations to facilitate and expand the growth of the best sun-grown cannabis in California. At the same time, we have been developing new “Estrella Weedery” products for introduction into distribution and maximizing efficiency with an outlook to improve financial performance for 2024 significantly.”

 

Estrella River Farms, our licensed grower on Estrella Ranch, is currently cultivating three (3) acres of licensed canopy. They have planted over twelve (12) high-producing strains, with plans to harvest in June.

 

Please see our report for Q1 2024 for more details.

https://www.otcmarkets.com/otcapi/company/financial-report/396363/content

 

The LiveWire Estrella Weedery

Estrella Ranch is a historic ranch property in Paso Robles, the center of California wine country. Together with its subsidiary Estrella Ranch Partners, Livewire has transformed this stunning property into the world’s first “Estate Grown Weedery ™,” with three acres for cultivating high-end, organic, sun-grown cannabis products and ample room for expansion. Estrella Ranch is the central hub for all Livewire operations in California. The Estrella “Estate Grown Weedery” cultivation process focuses on the cost-effective production of the best quality sun-grown cannabis in California while generating the smallest possible carbon footprint using as few of California’s energy resources as possible. Visit https://estrellariverfarms.com.

 

DISTRIBUTORS AND DISPESARIES

FOR SALES AND DISTRIBUTION INQUIRIES OF ESTRELLA RIVER FARMS PRODUCTS

 PLEASE EMAIL INFO@LIVEWIREERGOGENICS.COM

 

 

For more information about LiveWire Ergogenics, visit www.livewireergogenics.com or at X at @livewireLVVV. Follow LiveWire Ergogenics on Twitter @livewireLVVV or go to www.stockwatchindex.com/livewire-ergogenics for non-material updates.

 

LIVEWIRE ERGOGENICS, INC
1600 North Kraemer Blvd.
Anaheim, CA 92806
714-740-5144
www.livewireergogenics.com
info@livewireergogenics.com
MARKET AWARENESS
Stockwatchindex, LLC
442-287-8059
www.stockwatchindex.com
info@stockwatchindex.com
LIVEWIRE INVESTOR RELATIONS
Tristan Cavato
(805) 835-2415
ir@livewireergogenics.com
info@livewireergogenics.com

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