Anaheim, CA, March 08, 2018 (GLOBE NEWSWIRE) -- LiveWire Ergogenics, Inc. (OTC: LVVV) having just obtained a cannabis cultivation / nursery permit from the City of Coachella, California announced today that it has issued a purchase order to buy four greenhouses from GreenGro Technologies (OTC: GRNH). LiveWire Ergogenics is a company focused on product development, acquisition and management of legal, fully controlled and contained turnkey production facilities for cannabis-based products and services.
LiveWire’s greenhouse facilities will be built to house a variety of cannabis strains, which the firm’s horticulturists will develop and grow for its clients. Each of the self-contained greenhouses is approximately 3,600 square feet, state-of-the-art and fully climate-controlled. As such, these greenhouses are key elements of LiveWire’s strain development strategy.
“Our initial GreenGro greenhouse has performed very well,” states Bill Hodson, LiveWire’s CEO, “and we have made a commitment to buy four more units now for the Coachella property. This added space will enable us to expand our clone vault and genetics, and provide more opportunities for us to develop the cannabis strains which are crucial to capturing market share. Our commitment is to ensure 7X purity in every plant and strain that we produce.”
Installation of the greenhouses will begin in the second quarter of 2018. With these initial facilities, LiveWire will become a key player housing nursery/cultivation for the Coachella Brands property. These greenhouses will be used for LiveWire’s own propriety strains as well as contracted cultivation agreements.
LiveWire Ergogenics plans to secure additional permits and licenses in order to pursue its plan to establish cannabis projects throughout the state of California. Operations will be conducted under a newly formed subsidiary, GHC Ventures.
For more information about LiveWire Ergogenics, visit http://www.livewireergogenics.com. For non-material updates, follow LiveWire Ergogenics on Twitter @livewireLVVV.
About LiveWire Ergogenics, Inc.
LiveWire Ergogenics, Inc. (LVVV) specializes in identifying and monetizing current and future trends in the health and wellness industry, including the design and establishment of legal, fully controlled and contained cannabis production environments. To further this agenda, the Company is entering into select research partnerships to explore the application of cannabinoid-based products to target specific ailments or conditions with large “sufferer” populations, for human and veterinarian applications. This includes the development and licensing of high-quality cannabinoid-based products and services, the cloning of cannabis strains to produce positive medicinal results and the dosing verification of zero pesticide products for quality brands via its “7X-Pure Dosage and Verification System”. The team at LiveWire Ergogenics has a passion for research and advanced product development and is committed to generating and implementing innovative ideas to produce high-quality products that satisfy an increasing demand in this fast-growing industry.
Forward-Looking Statements
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 future operations, the development, regulatory approvals and commercialization of the Company’s products, or any of the Company’s other proposed products, systems or services. Such forward-looking statements are not meant to predict or guarantee actual results and performance, events or circumstances and actual events may differ considerably. Factors that may cause actual results to differ materially from any projections may include, without limitation, the Company’s inability to obtain additional financing, delays in the development of its products, the impact of significant new or changing government regulation in the cannabis industry, existing or increased competition, results of arbitration and litigation, stock volatility and illiquidity, and the Company’s failure to implement 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.