Livewire Ergogenics Inc (OTCMKTS:LVVV) is up over 80% in a month’s span and over a 1000% in a three-month span. The driver for LVVV continues to be its expansion into the California cannabis market. Now, LVVV just announced an expansion into Coachella, California, which gives the company access to a large area for sales and of course direct access to the millions of concert-goers who come to the premier music festival each year.
Bill Hodson, CEO of LVVV stated, “Our team has been working diligently to secure local permits in cannabis-friendly municipalities throughout California. The City of Coachella, not only is at the forefront of implementing the new California cannabis laws and establishing a well-regulated business environment, but is also recognized worldwide as a premier entertainment destination”. Mr. Hodson continues, “This permit is a milestone in the Company’s development and demonstrates our commitment to our vision. The focus of our goal is to become the premier provider of quality cannabis products and services in the burgeoning California market. We believe that compliance with the State law and all local ordinances, rules and regulations is the key for any company in this sector to succeed and generate an exceptional ROI for its investors.”
Livewire Ergogenics Inc (OTCMKTS:LVVV) bills itself as a company focused on “research partnerships, product development, and commercialization of cannabinoid-based products.”
The company is positioned as a forward-thinking player focused on identifying and capitalizing on future trends in the health and wellness industry by way of research partnerships, joint ventures, acquisitions, product development and commercialization of cannabinoid-based products and services.
More specifically, at this point, this is a cannabis patch play with a clear focus on exploiting opportunities in the California marijuana market.
According to company materials, “LiveWire Ergogenics, Inc. (LVVV) is focused on identifying and monetizing current and future trends in the health and wellness industry. The Company is focused on establishing research partnerships to explore the application of cannabinoid-based products to target specific ailments or conditions with a large “sufferer” population for human and veterinarian applications. This includes the cloning of cannabis strains to produce positive medicinal results, dosing verification of zero pesticide products for quality brands and development and licensing of high-quality cannabinoid-based products and services. The team at LiveWire Ergogenics has a passion for research and is committed to generate and implement innovative ideas and produce high-quality products that satisfy an increasing demand in this fast-growing industry.”
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Richard O’Connor, President of Coachella Brands, adds, “LiveWire’s vision of propagating and cultivating only the highest quality cannabis products is exactly what we were looking for in our program. Bill, along with his experienced management and consulting team, has a deep understanding of what is needed to develop high-quality products for the cannabis culture. And they have begun to develop a great solution to control and insure premium pure quality products.”
The Coachella facility will have a cultivation center and nursery along with divisions for edibles and other medicinal products. Furthermore, LVVV is in discussions for a large Phase Two expansion plan.
Now commanding a market cap of $15.76M, LVVV is seeing major top-line growth, with y/y quarterly revenues growing at 36.3%. This is probably why LVVV’s market cap has almost doubled since the last time we wrote about them. This is one company to have on your watchlist. We will update the story again soon as further details emerge. Sign-up for continuing coverage on shares of $LVVV stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in $LVVV, either long or short, and we have not been compensated for this article.