- LiveWire CEO provides progress report for development of first-ever ‘Estate-Grown Weedery’ in California
- Estrella Weedery will serve as company’s central hub for all Livewire operations
LiveWire Ergogenics Inc. (OTC: LVVV) is a health and wellness company with a focus on special purpose real-estate acquisitions and the licensing and management of high-end and permitted facilities for the production of cannabis-based products and services in California. In its flagship facility in Paso Robles, LiveWire continues to spearhead research, cultivation and commercialization in the cannabis space.
Recently, LiveWire’s CEO Bill Hodson outlined the company’s creative business model in an exclusive interview with NetworkNewsAudio (NNA).
Joined by NNW’s Stuart Smith, Bill Hodson, CEO of LiveWire, explained the reasoning behind LiveWire’s recent acquisition of the scenic 265-acre Estrella Ranch in Paso Robles, California (http://cnw.fm/NA5kG). In the interview Mr. Hodson compared the business model for the newly acquired ranch to that of a winery and the buildout of the space as a vertically integrated property that includes a wide variety of cannabis related activities such as cultivation, extraction and testing special events and the development of a high-quality brands and more, all in one location.
More than five years ago, LiveWire began testing the CBD/Cannabis market. Now the company keeps expanding its position in the multibillion-dollar industry and continues to increase its statewide distribution for its subsidiary’s statewide distribution network (http://cnw.fm/4m1QW) via a permit from the California Bureau for Cannabis Control.
With LiveWire’s purchase of the Estrella Ranch property, the company has taken the next step in establishing itself as one of the leading and legal cannabis firms in the State. The site contains multiple residences along with equestrian facilities, and other structures that will be seamlessly transformed into the world’s first ‘EstateGrown Weedery’. The enormous potential of this exceptional site includes room for both indoor and outdoor cultivation. LVVV is in the advanced stage of forming partnerships with third party operators to begin operation on the Ranch and has made significant progress in the required buildouts. Livewire also plans to eventually transform a portion of the ranch into a cannabis-related wellness and educational retreat.
In the NetworkNewsAudio interview, LiveWire’s CEO explains how the company’s new property has the power, infrastructure, water supply and ideal micro-climate to produce high-end products. The ranch is poised to become LiveWire’s central location, which will eventually house the company’s many operations. By doing their due diligence with legal and environmental research as well as securing all necessary permits, LiveWire team members feel that the wheels are in motion as they continue to take exciting steps forward in the health and wellness industry.
For more information, visit the company’s website at www.LiveWireErgogenics.com
NOTE TO INVESTORS: The latest news and updates relating to LVVV are available in the company’s newsroom at http://cnw.fm/LVVV
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