Anaheim, CA, April 02, 2019 (GLOBE NEWSWIRE) -- LiveWire Ergogenics, Inc. (OTC: LVVV), announced today that its subsidiary, GHC Ventures, has entered into two new statewide distribution agreements with leading California specialty cannabis manufacturers, Under Pressure Extracts and Uptown CannaCo. These agreements significantly expand the size and reach of LiveWire Ergogenics’ distribution network throughout California.
The California cannabis market itself is expanding rapidly, and manufacturers need a distribution partner that can quickly and efficiently get their product to market. As consumer preferences change frequently, product pricing, time to market and access to a large number of retailers across California is paramount.
GHC Distro, GHC Ventures’ distribution arm, has a consumer-driven market approach, which benefits retailers as well. Through GHC Distro, retailers gain access to a wide range of new high-end cannabis products, all serviced through the solid and reliable GHC supply chain and distribution network.
“With these agreements we are providing the platform for our partners to legally distribute their products throughout California” states Bill Hodson, CEO of LiveWire Ergogenics, Inc. “As we build out a portfolio of hundreds of products that will be available for GHC distribution into the retail market, we are privileged to add the products of these well-established and recognized manufacturers to the GHC Distro’s product roster for distribution through our California network. This will help accelerate the expansion of our statewide distribution model and support our stated goal to become one of the first vertically-integrated cannabis operations in California.”
Contracted manufacturers will be supported by LiveWire’s branding and marketing, GHC’s track-and-trace operation for the manufacturers’ qualifying products and utilization of GHC’s licensed distribution facilities in Coachella, California, providing an opportunity to expand their business.
By opening GHC Ventures’ California cannabis distribution network to manufacturers that pass LiveWire’s stringent legal and environmental qualification process, the Company provides a large and solidly-structured legal distribution network for all qualifying California manufacturers. LiveWire intends to accelerate the expansion of this business model with new facilities and new partnerships currently under negotiation. The Company is actively seeking to work with licensed operators who are enthusiastic and qualified to ensure the delivery of high-caliber and legal cannabis products for the fast-growing California medical and recreational cannabis markets.
Under Pressure Extracts is a family-owned and operated licensed cannabis cultivation and distribution facility based out of Desert Hot Springs, California. Producing indoor grown cannabis in a clean, controlled environment with four flowering rooms, the Company can deliver fresh cannabis and related products on a constant two-week basis to the LiveWire distribution network.
Uptown CannaCo is a California-based company founded on the simple notion that cannabis is and will always remain an important and effective plant for a multitude of medical and recreational applications. Uptown CannaCo’s products are lab tested, 100% organic and free from pesticides, with a focus on consistent and precise dosing. The Company believes that the highest quality cannabis concentrates on the market start with its proprietary extraction process. This process is designed to activate the medical properties of each customized strain mixture and, by using organic cannabinoids and terpenoids in each of its products, focused on unlocking the most therapeutic combinations of strains for potent, highly-specific effect.
For more information about LiveWire Ergogenics, visit www.livewireergogenics.com, follow LiveWire Ergogenics on Twitter @livewireLVVV, or download a research report at stockwatchindex.com/livewire-ergogenics
About LiveWire Ergogenics, Inc.
LiveWire Ergogenics, Inc. specializes in identifying and monetizing current and future trends in the health and wellness industry, with a focus on the cannabis sector. The Company acquires, manages and licenses specialized real estate locations for fully compliant and permitted turnkey facilities to produce cannabis-based products and services in California. The Company is also entering into 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 dosing verification of zero pesticide products for quality brands via the Company’s “7X Pure” Cannabis Dosing and Verification System, and development and licensing of legal, high-quality cannabinoid-based products and services. LiveWire Ergogenics does not sell or distribute products that are in violation of the United States Controlled Substance Act.
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, systems or services. Such forward-looking statements are projections, are not meant to guarantee results and actual results 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 changes in government regulation in the cannabis industry, the denial of new permit applications or the withdrawal of any existing permits, existing or increased competition, results of arbitration and litigation, stock volatility and illiquidity, and the Company’s failure in general to implement its business plans or strategies. The Company assumes no obligation to update any forward-looking statements to reflect any event that may arise after the date of this release.
LIVEWIRE ERGOGENICS INC.
1600 North Kraemer Blvd.
Anaheim, CA 92806
714-740-5144
www.livewireergogenics.com
info@livewireergogenics.com
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