Tag: LVVV

CannabisNewsBreaks – LiveWire Ergogenics Inc. (LVVV) Reports Financial Results for 2019, Substantial Revenue Increase

LiveWire Ergogenics (OTC: LVVV), a company focused on acquiring special purpose real estate properties conducive to producing high-quality handcrafted cannabis products for commercial medicinal and adult-use in California, today announced its financial results for 2019. According to the update, the company generated $1.35 million in revenue for the year, an increase of 3,695% compared to 2018. “The acquisition of Estrella Ranch in Paso Robles California in 2019, has successfully positioned LiveWire with an operation on one of the most beautiful, and historic locations in the country, with a microclimate perfect for growing exceptional handcrafted-style cannabis,” LiveWire Ergogenics CEO Bill Hodson said in the news release. “Our goal is for our operators on the Ranch to produce a product unique to the environment, establish high quality recognized brands, and to have the ability to dynamically scale the business on our vast acreage as required by customer demand.”

To view the full press release, visit http://cnw.fm/lw0La

About LiveWire

LiveWire Ergogenics, Inc. (LVVV) specializes in identifying and monetizing current and future trends in the human and veterinary 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 to produce cannabis-based products and services in California and the state-wide distribution of these products. This includes verification of zero pesticide products for quality brands via its “7X Pure” Cannabis Verification System, the development, licensing and distribution of legal and high-quality cannabinoid-based products and services and the creation of the high-quality “Estrella Weedery” brand. LiveWire Ergogenics does not produce, sell or distribute products that are in violation of the United States Controlled Substance Act. 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

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

To receive SMS text alerts from CannabisNewsWire, text “CANNABIS” to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CannabisNewsWire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

Do you have a questions or are you interested in working with CNW? Ask our Editor

CannabisNewsWire (CNW)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.com

CannabisNewsWire is part of the InvestorBrandNetwork.

CannabisNewsBreaks – LiveWire Ergogenics Inc. (LVVV) Releases Shareholder Update

LiveWire Ergogenics (OTC: LVVV), a company focused on acquiring special purpose real estate properties conducive to discovering and developing cannabinoid products for the health and wellness industry to improve life performance, today released a letter to shareholders. In the letter, LiveWire Ergogenics Chairman and CEO Bill Hodson discussed the forecast for 2020 as a year of significant growth in total cannabis sales and provided updates surrounding the company’s Estrella Ranch “Estate Grown Weedery,” as well as other corporate initiatives. “With the demand for pure, organically grown, legal and thoroughly tested cannabis products growing rapidly, we expect the high-quality, handcrafted product that we will be growing at our California Ranch to become the most sought-after premium cannabis in the industry during 2020,” Hodson stated in the letter. “In the true spirit of ‘Doing-it-Right’ we are developing our Paso Robles Weedery into a special place operated with unique “tractor-less” farming methods by independent growers and passionate and experienced experts, carefully tending to each plant grown under the natural canopy of a perfect micro-climate in the midst of California wine country.”

To view the full press release, visit http://cnw.fm/8HhCG

About LiveWire

LiveWire Ergogenics, Inc. (LVVV) specializes in identifying and monetizing current and future trends in the human and veterinary 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 to produce cannabis-based products and services in California and the state-wide distribution of these products. This includes verification of zero pesticide products for quality brands via its “7X Pure” Cannabis Verification System, the development, licensing and distribution of legal and high-quality cannabinoid-based products and services and the creation of the high-quality “Estrella Weedery” brand. LiveWire Ergogenics does not produce, sell or distribute products that are in violation of the United States Controlled Substance Act. For more information, please visit:  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

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

To receive SMS text alerts from CannabisNewsWire, text “CANNABIS” to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CannabisNewsWire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

Do you have a questions or are you interested in working with CNW? Ask our Editor

CannabisNewsWire (CNW)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.com

CannabisNewsWire is part of the InvestorBrandNetwork.

CannabisNewsBreaks – LiveWire Ergogenics Inc. (LVVV) Enters Strategic Agreement with Specialty Grower QDG Agricultural

LiveWire Ergogenics (OTC: LVVV), 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 and operations to provide cannabis-based products and services in California, on Tuesday announced its entry into a definitive agreement with QDG Agricultural (“QDG”), an experienced and highly specialized cannabis production company, to begin construction for operation at its Estrella Ranch facility in Paso Robles, California. “With the demand for pure, organically grown and thoroughly tested cannabis products growing rapidly, we anticipate the handcrafted product that will be grown at our California ranch to become the most sought-after premium cannabis in the industry,” LiveWire CEO Bill Hodson stated in the news release. “Our vision of an ‘Estate Grown Weedery’ producing the finest family of branded cannabis in California is beginning to come to fruition as evidenced with this agreement. Further, we are planning to expand on our craft-grow business model by consequently marketing the appellation concept to differentiate our products and operating as a sustainable family-style local farm, two factors that are unparalleled in the industry. We truly believe that our first strategic partner QDG represents an ideal and highly experienced group of experts to get our Estrella Weedery operation off the ground successfully. Based on current market conditions, considering licenses and a successful ‘proof of concept’ during phase 1, this property could generate over $25 million a year with revenues to increase once operating at full cultivation capacity.”

To view the full press release, visit http://cnw.fm/7h0zD

About LiveWire

LiveWire Ergogenics, Inc. (LVVV) specializes in identifying and monetizing current and future trends in the human and veterinary 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 to produce cannabis-based products and services in California and the state-wide distribution of these products. This includes verification of zero pesticide products for quality brands via its “7X Pure” Cannabis Verification System, the development, licensing and distribution of legal and high-quality cannabinoid-based products and services and the creation of the high-quality “Estrella Weedery” brand. LiveWire Ergogenics does not produce, sell or distribute products that are in violation of the United States Controlled Substance Act. For more information, please visit:  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

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

To receive SMS text alerts from CannabisNewsWire, text “CANNABIS” to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CannabisNewsWire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

Do you have a questions or are you interested in working with CNW? Ask our Editor

CannabisNewsWire (CNW)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.com

CannabisNewsWire is part of the InvestorBrandNetwork.

CannabisNewsBreaks – LiveWire Ergogenics Inc. (LVVV) Prevails in Long-Lasting Lawsuit with New York Lender

LiveWire Ergogenics Inc. (OTC: LVVV), 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 and operations to provide cannabis-based products and services in California, announced that it has prevailed in a long-lasting lawsuit with America E Group. According to the update, United States District Court Judge Gregory H. Woods of the United States District Court for the Southern District of New York on January 28, 2020, issued an opinion and order in the action entitled, American E Group LLC v. Livewire Ergogenics Inc. (18-civ-3969) that granted Livewire Ergogenics Inc’s (“Livewire”) motion to dismiss all of Plaintiff American E Group’s (“AEG”) claims against Livewire. The Court additionally denied AEG any attempt to reassert its claims because any attempt to do so would be “futile.” AEG’s dismissed claims sought, as consideration for a loan that had been made to the Company, the recovery of principal and interest and issuance of Livewire stock; however, The Court held that AEG’s loan to Livewire was criminally usurious and, therefore, void under New York law. Livewire’s counterclaims against AEG for aiding and abetting breach of fiduciary duty, breach of implied covenant of good faith and fair dealing and civil conspiracy are still pending.

To view the full press release, visit http://cnw.fm/LA5yE

About LiveWire

LiveWire Ergogenics, Inc. (LVVV) specializes in identifying and monetizing current and future trends in the human and veterinary 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 to produce cannabis-based products and services in California and the state-wide distribution of these products. This includes verification of zero pesticide products for quality brands via its “7X Pure” Cannabis Verification System, the development, licensing and distribution of legal and high-quality cannabinoid-based products and services and the creation of the high-quality “Estrella Weedery” brand. LiveWire Ergogenics does not produce, sell or distribute products that are in violation of the United States Controlled Substance Act. For more information, please visit:  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

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

To receive SMS text alerts from CannabisNewsWire, text “CANNABIS” to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CannabisNewsWire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

Do you have a questions or are you interested in working with CNW? Ask our Editor

CannabisNewsWire (CNW)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.com

CannabisNewsWire is part of the InvestorBrandNetwork.

420 with CNW – Overwhelming Demand Causes Recreational Weed Shortage in Illinois

During the first week of legal recreational marijuana sales in Illinois, tens of thousands of customers were seen queuing outside all except one of the nine dispensaries. The huge demand for weed has caused a supply shortage to hit the dispensaries and the owners are scrambling to respond.

Speaking to Washington Post, the co-owner of a dispensary located on the North Side of Chicago, Bryan Zises, said that instead of having people wait outside in the harsh cold for hours to be served, Dispensary 33 requested the customers to share their cellphone number so that they can call them when the dispensary is not crowded.

During the first three days of legal adult-use marijuana sales, the dispensary texted dozens of customers each hour between 9:00 a.m to 9:00 p.m. However, on the fourth day, they had exhausted their stock and were forced to turn away customers since the new shipment had not arrived for restocking. Zises said that there is a probability of the store running out of stock again on Tuesday.

Due to lack of stock, Zises’ dispensary did not sell recreational marijuana on Saturday and Sunday and resumed trading on Monday after it was restocked, but the stock was depleted within three hours.

On Monday evening, the dispensary tweeted that they are waiting on the deliveries from the cultivators. They also noted that they would serve as many adult-use customers as they can.

On New Year’s Day, the temperature was frigid, but this did not deter tens of thousands of customers from queuing outside the nine dispensaries waiting to purchase the newly legalized marijuana in Illinois.

During the first day of legal marijuana sales, five dispensaries sold more than $3 million of THC-infused products. After five days, marijuana customers in Illinois had bought recreational marijuana worth approximately $11 million, which is equated to more than 271,000 purchases.

However, because of the high number of eager marijuana customers, the state’s supply of marijuana was stretched, forcing many dispensaries to turn away customers before the first week of legal sales was over. Chicago has stringent licensing rules; thus, the large cultivators are struggling to keep up with the adult-use demand because previously, they were serving a much smaller medical marijuana market (87,000 users).

After the sale and possession of recreational marijuana were legalized in June, medical marijuana dispensaries were given six months to expand their operations to meet the demand of the recreational market come January 2020.

Illinois was the first state to legalize adult-use cannabis through legislation, and it is estimated that there would be more than 900,000 marijuana consumers,  the Chicago Tribune reported.

Speaking to Chicago Sun-Times, economist Beau Whitney said that recreational marijuana demand is ten times more than that of medical marijuana and it will take several months before growers can cultivate enough cannabis to satisfy both medical and recreational customers even though pot is grown in greenhouses and could be harvested all year round as it matures irrespective of the season.

Unlike those retailers who have run out of weed, some of the largest cultivators also sell marijuana, and their shops still have stock on the shelves. The market for recreational cannabis will improve once the state issues additional licenses for 100 small growers and 185 new dispensaries.

Industry watchers think despite the shortages, the recreational marijuana industry in Illinois has gotten off to a good start and sector players like ChineseInvestors.com Inc. (OTCQB: CIIX) and LiveWire Ergogenics Inc. (OTC: LVVV) may be glad that their counterparts operating in the Illinois market have a bright future characterized by high product demand.

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CNW420.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW420, wherever published or re-published: http://CNW.fm/Disclaimer

Do you have a questions or are you interested in working with CNW420? Ask our Editor

CannabisNewsWire420
Denver, Colorado
http://www.CNW420.com
303.498.7722 Office
Editor@CannabisNewsWire.com

CNW420 is part of the InvestorBrandNetwork.

CannabisNewsBreaks – LiveWire Ergogenics Inc. (OTC: LVVV) Sees Optimistic Future as Cannabis Products Market Forecasted to Reach $80 Billion by 2030

LiveWire Ergogenics (OTC: LVVV) expects to perform well during 2020 as industry analysts project the market for cannabis products will increase to $80 billion over the next decade, according to a recent AP article (http://cnw.fm/r01nN). An article discussing the company reads, “With the projected upswing in mind, LiveWire Ergogenics expects to be in a prime position to leverage the expected growth with the imminent start of production at its Estrella Ranch Weedery. ‘The cannabis market is ever changing and complex,’ LiveWire CEO Bill Hodson stated in a news release (http://cnw.fm/5UPFh). ‘While a flood of investment has entered the market over the last two years based on overly optimistic projections, questionable market analysis and unproven business models, these expectations are now being hit by the reality of a still unconventional business, complicated by the typical growing pains of a rapidly emerging new industry.’ . . . With the industry now set to explode, companies must begin scrutinizing their operations for inefficiencies and evaluate what works and what doesn’t,’ he continued. ‘In other words, “doing it right,” a principle that LiveWire has been trying to follow strictly for the last two years, supporting the momentum of this new and promising industry.’”

To view the full article, visit http://cnw.fm/sbY1G

About LiveWire Ergogenics Inc.

LiveWire Ergogenics specializes in identifying and monetizing current and future trends in the human and veterinary health and wellness industry. LVVV is focused on acquiring, managing and licensing specialized “closed loop” turnkey, cannabis, real-estate locations of fully compliant and permitted turnkey facilities to produce high-quality, cannabis-based products and services in California and the statewide distribution of these products. This includes verification of zero pesticide products for quality brands via the company’s 7X Pure Cannabis Verification System, as well as the development, licensing and distribution of legal and high-quality, cannabinoid-based products and services and the creation and distribution of the high-quality and handcrafted Estrella Weedery brand. LiveWire Ergogenics does not produce, sell or distribute products that are in violation of the United States Controlled Substance Act. For more information, visit StockWatchIndex.com/Livewire-Ergogenics.

NOTE TO INVESTORS: The latest news and updates relating to LVVV are available in the company’s newsroom at http://cnw.fm/LVVV

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

To receive SMS text alerts from CannabisNewsWire, text “CANNABIS” to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CannabisNewsWire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

Do you have a questions or are you interested in working with CNW? Ask our Editor

CannabisNewsWire (CNW)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.com

CannabisNewsWire is part of the InvestorBrandNetwork.

CannabisNewsBreaks – LiveWire Ergogenics Inc. (OTC: LVVV) Enters Next Stage in Development of World’s First Estate Grown Weedery

LiveWire Ergogenics (OTC: LVVV), 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 to produce high-quality craft cannabis products and services in California, today announced its completion of all necessary research and submission of its environmental report and biological resource study to the planning department for its planned Estate Grown Weedery project. “With the demand for pure, organically grown and thoroughly tested cannabis products growing rapidly, we expect the handcrafted product that will be grown at our California ranch to become the most sought-after premium cannabis in the industry,” LiveWire CEO Bill Hodson said in the news release. “In the true spirit of ‘Doing-it-Right’ we are developing the ranch into a special place with unique ‘tractor-less’ farming methods and independent growers and passionate experts carefully tending to each plant grown under the natural canopy of a perfect microclimate in the midst of California wine country. This brings our vision of an ‘Estate Grown Weedery’ and producing the finest family of branded cannabis in the Country closer to reality. We are planning to expand on the craft grow business model by consequently utilizing the ideal conditions at our beautiful estate, two factors that are unparalleled in the industry.”

To view the full press release, visit http://cnw.fm/oFiF5

About LiveWire Ergogenics Inc.

LiveWire Ergogenics, Inc. (LVVV) specializes in identifying and monetizing current and future trends in the human and veterinary 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 to produce high-quality cannabis-based products and services in California and the state-wide distribution of these products. This includes verification of zero pesticide products for quality brands via the company’s “7X Pure” Cannabis Verification System, the development, licensing and distribution of legal and high-quality cannabinoid-based products and services and the creation and distribution of the high-quality and hand crafted “Estrella Weedery” brand. LiveWire Ergogenics does not produce, sell, or distribute products that are in violation of the United States Controlled Substance Act. For more information, please visit: 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

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

To receive SMS text alerts from CannabisNewsWire, text “CANNABIS” to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CannabisNewsWire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

Do you have a questions or are you interested in working with CNW? Ask our Editor

CannabisNewsWire (CNW)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.com

CannabisNewsWire is part of the InvestorBrandNetwork.

CannabisNewsBreaks – LiveWire Ergogenics Inc. (LVVV) Achieves 935% YoY Revenue Increase in Q3 2019

LiveWire Ergogenics (OTC: LVVV) recently reported considerable net income increases during Q3 2019, including impressive year-over-year (“YoY”) revenue growth. An article discussing the results reads, “These figures, along with its emphasis on both producing and distributing world-class cannabis throughout the state of California, illuminate the company’s unique positioning in the ever-evolving cannabis industry. . . . In its report, the company noted a 935% boom in revenues, reaching $184,200 for Q3 2019 from $17,790 the same period the prior year (http://cnw.fm/SkM8a). For the 2019 quarter — the three months ended September 30 — LVVV showed a net income of $94,749 compared to a loss of $1,717,712 reported for the comparable period in 2018. Additionally, the company reported a gross profit of $177,240 in the 2019 quarter compared to a loss of $27,119 for the same period in 2018. The company has also improved its balance sheet, showing current assets of $3,081,048 and exceeding current liabilities by $539,570 as of September 30, 2019.”

To view the full article, visit http://cnw.fm/Xxq3i

About LiveWire Ergogenics Inc.

LiveWire Ergogenics specializes in identifying and monetizing current and future trends in the human and veterinary 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 facilities to produce cannabis-based products and services in California, along with the statewide distribution of these products. This includes verification of zero-pesticide products for quality brands via its 7X Pure Cannabis Verification System; the development, licensing and distribution of legal and high-quality cannabinoid-based products and services; and the creation of the high-quality Estrella Weedery brand. LiveWire Ergogenics does not produce, sell or distribute products that are in violation of the United States Controlled Substance Act.

NOTE TO INVESTORS: The latest news and updates relating to LVVV are available in the company’s newsroom at http://cnw.fm/LVVV

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

To receive SMS text alerts from CannabisNewsWire, text “CANNABIS” to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CannabisNewsWire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

Do you have a questions or are you interested in working with CNW? Ask our Editor

CannabisNewsWire (CNW)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.com

CannabisNewsWire is part of the InvestorBrandNetwork.

420 with CNW – Tech Companies Launch First Digital Payment Platform for Marijuana

For several years since American states started legalizing marijuana, the most significant challenge has been the issue of dealing with finance since financial institutions such as banks and credit unions were wary of conducting business with marijuana companies. This is because marijuana is classified as a Schedule 1 drug under the Controlled Substances Act, hence making it illegal.

The marijuana industry has been forced to operate on a cash basis due to a lack of access to financial institutions, and this has led to a load of challenges such as slower payments and vulnerability to theft.

The inability of marijuana businesses to transact with financial institutions has affected the sector from the back end supply chain to the final consumer.

A platform that could revolutionize the financial system of marijuana businesses has been launched by two technology companies, Wayv and Hypur. Wayv has been added to Amazon to help marijuana companies sell their products.

The two companies provide marijuana business with a payment platform where a marijuana business can accept credit cards like for any other transactions. This allows marijuana brands to distribute products to retailers on credit. And Wayv auto-debits the retailers on the due dates.

The payment dashboard on the Wayv system allows brands to track payments for purchases, and due dates of retailers’ credits. The system also calculates taxes and fees automatically.

The payment platform is designed in a manner that ensures that the businesses are compliant in every single step. This ensures transparency by enabling marijuana companies to conduct digital transactions just like any other business.

Speaking to High Times, the CEO of Wayv, Keith McCarty, said that the payment platform is integrated with compliance systems, which makes it impossible to carry out noncompliant actions. The system creates a level of trust that allows the banks to embrace and adopt the system.

The Wayv platform provides marijuana business with a fast mode of digital payments system throughout the supply chain, and Wayv may eventually change how the marijuana industry operates.

Finance has been a significant issue in the marijuana supply chain, which eventually affects the consumers, said McCarty. Consequently, if money is not sufficiently flowing within the marijuana brands, it will be difficult to reinvest in raw materials and infrastructure to meet the demands of the consumers.

Wayv introduced a Dynamic Distribution Platform in the market earlier this year. The platform helps transform the marijuana supply chain into a design such as that of Amazon with a streamlined process. The system facilitates transactions between marijuana brands and retailers whereby retailers can shop brands, choose products, and place product orders from the easy to use interface. The products are then shipped to the retailers within a day using Wayv specialized logistics procedures.

California is the only city where businesses and consumers can use Wayv. However, the company is looking to expand to other states.

Speaking to High Times, McCarty said that the turnkey solutions platform was designed for the marijuana industry. He also adds that the platform was built by experts who have extensive knowledge of cannabis.

Industry watchers see the introduction of this payments platform as good news for marijuana industry actors like Youngevity International Inc. (NASDAQ: YGYI) and LiveWire Ergogenics Inc. (OTC: LVVV) who now have one more option to handle their payments digitally.

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CNW420.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW420, wherever published or re-published: http://CNW.fm/Disclaimer

Do you have a questions or are you interested in working with CNW420? Ask our Editor

CannabisNewsWire420
Denver, Colorado
http://www.CNW420.com
303.498.7722 Office
Editor@CannabisNewsWire.com

CNW420 is part of the InvestorBrandNetwork.

CannabisNewsBreaks – LiveWire Ergogenics Inc. (LVVV) Establishing Central Operating Location at Flagship Facility in Paso Robles

LiveWire Ergogenics (OTC: LVVV) is continuing to advance research, cultivation and commercialization in the cannabis space at its flagship facility in Paso Robles, which is poised to become LiveWire’s central location for the company’s many operations. An article discussing the company reads, “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.”

To view the full article, visit http://cnw.fm/z5Lpv

About LiveWire Ergogenics Inc.

LiveWire Ergogenics specializes in identifying and monetizing current and future trends in the human and veterinary 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 facilities to produce cannabis-based products and services in California along with the statewide distribution of these products. This includes verification of zero pesticide products for quality brands via its 7X Pure Cannabis Verification System, the development, licensing and distribution of legal and high-quality cannabinoid-based products and services and the creation of the high-quality Estrella Weedery brand. LiveWire Ergogenics does not produce, sell or distribute products that are in violation of the United States Controlled Substance Act.

NOTE TO INVESTORS: The latest news and updates relating to LVVV are available in the company’s newsroom at http://cnw.fm/LVVV

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

To receive SMS text alerts from CannabisNewsWire, text “CANNABIS” to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CannabisNewsWire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

Do you have a questions or are you interested in working with CNW? Ask our Editor

CannabisNewsWire (CNW)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.com

CannabisNewsWire is part of the InvestorBrandNetwork.