Livewire Ergogenics Inc (OTCMKTS:LVVV) has been one of the most notable stocks on the OTC recently. Over the last 30 days, LVVV stock price is up+200% and its market cap has nearly doubled since we last wrote about them. The catalyst and the real opportunity here comes from the marriage of cannabis and blockchain.

The recent Coachella, California permit authorizations comes after the company announced plans to use blockchain technology to create a secure system for cannabis compliance and dosage verification. LVVV has already rolled out the 7X Pure Cannabis Compliance and Dosage Verification System as it takes a head start in the leveraging of blockchain technology in the industry. The system is designed to provide third-party verification of cannabis material, origin, potency as well as purity and dosage labeling. The system can also be used to secure each cannabis product with a digital identity and an identifiable chain of custody. The potential here is to verify strains, authenticity and even start patenting cannabis products.

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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“Marrying the security of blockchain technology with the many benefits of the 7X Pure verification system will, therefore, be a game-changer for the cannabis industry. Plus, manufacturers will appreciate the fact that they won’t have to learn new software, attend classes or click through endless PowerPoint presentations to participate,” said Mr. Hodson.

This solid news follows the fact that LVVV had a 63% increase in revenues last year. Thus, the fanfare here is really about seeing the even greater upside as the company taps into the California market.

At this time, carrying a capital value in the market of $139.25M, LVVV has a 52-week change of 625% and 10-day volume of 15.73M. LVVV is pulling in trailing 12-month revenues of $22K. In addition, the company is seeing major top-line growth, with y/y quarterly revenues growing at 36.3%. We will be updating readers soon on this exciting company. 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.