Anaheim CA – June 25, 2018 – LiveWire Ergogenics, Inc. (OTC: LVVV) announced today that it is accelerating the customization of its newly acquired 265 acre property, Estrella Ranch “Estate Grown Weedery” in Paso Robles, California. Since the acquisition of the property, the Company has received very strong interest from third party operators to participate in the operation of one of the soon to be largest vertically integrated operations in California.
Reacting to the strong interest by third party operators, Livewire is currently in the process of accepting business plans by qualified operators to participate in the facility development and establish their customized operations on the property. LiveWire is planning to develop the Estrella Ranch “Estate Grown Weedery” into one of the largest, fully legal and vertically integrated high-end cannabis facilities and wellness retreats in California. The operations will be supported by a 25,000 square foot nursery adjacent to the property, operated under a separate Minor Use Permit. LiveWire, via its subsidiary GHC Ventures, LLC has already begun operation of a Statewide distributor division, operating under another permit for Statewide cannabis distribution in California, issued by the Bureau of Cannabis Control California.
LiveWire is considering partnerships, joint ventures and strategic alliances with carefully vetted and experienced operators in the cannabis industry to fully utilize this large property and the opportunity it represents for legitimate operators. Operators will have to go through a strict qualification process and meet the high standards that LiveWire has set for itself and expects its operators to meet. Operations will include outdoor and indoor facilities for cultivation, extraction lab and research facilities with ample power, water and storage capacity complimented by luxury recreational opportunities. The Company will also consider opportunities in the hemp market.
Bill Hodson, CEO of LiveWire states, “We have been working on this acquisition for about 12 months, making sure the suitability of the property for our operational purpose meets all conditions to operate legally on this incredible property. The Ranch will provide for high-class operations located centrally in the world renown California wine country, one of the most beautiful areas in the State. We have established strong relationships with local authorities, supported by the fact that we have already received a Minor Use Permit and have begun the build-out for our nursery adjacent to the Ranch. We are in talks with several operators and we will make sure that only the best will be operating on the ranch.”
The Initial development will be comprised of 265 acres that can be expanded to a total of 450 acres as demand dictates and at the sole discretion of LiveWire. The property is equipped with an abundant water supply of natural springs and artesian wells, high-power pumps feeding a sophisticated irrigation system, ample electricity and multiple storage buildings and elaborate equestrian facilities consisting of four equestrian barns and thirty-five stables. This is complimented with both covered and open arenas, a pole barn, additional workshop and ranch headquarters with seven offices and a total of approximately 50,000 square feet of additional building space, beautiful recreational areas with an exquisite Spanish-style main estate and two additional residences that can house up to 30 people.
LiveWire Ergogenics, Inc. (LVVV) specializes in identifying and monetizing current and future trends in the human and veterinarian health and wellness industry. The Company is focused on acquiring, managing and licensing specialized “closed loop” turnkey cannabis real estate locations of fully compliant and permitted turnkey facilities. The company conducts research and has established its “7X Pure” Cannabis Verification System for the verification of high purity and quality, full-spectrum and zero pesticide cannabinoids. The Company’s subsidiaries GHC Ventures and Estrella Ranch Partners conduct development, licensing and permitted statewide distribution of legal, high-quality cannabinoid-based products and services throughput California. LiveWire Ergogenics, Inc. does not sell or distribute products that are in violation of the Unites States Controlled Substance Act.
Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements. Forward-looking statements may include, without limitation, financial projections, statements regarding the plans and objectives of management for current or future operations and the development, regulatory approvals and commercialization of the Company’s products, systems and services. Such forward-looking statements are not meant to predict or guarantee actual results and performance, specific events or circumstances, and actual events may differ materially. Factors that may cause actual results to differ materially from any projections may include, without limitation, delays in the development of its properties and products, the impact of significant new or changing government regulation in the industry, existing or increased competition, results of arbitration and litigation, stock volatility and illiquidity, and the Company’s inability to generate sufficient revenues and profits, or to obtain additional financing for the implementation of the Company’s business plans or strategies. The Company assumes no obligation to update any forward-looking statements to reflect any event or circumstance that may arise after the date of this release.
LIVEWIRE ERGOGENICS INC.
1600 North Kraemer Blvd.
Anaheim, CA 92806
Toll free: 877-964-6463
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