LiveWire Ergogenics Announces Strategic Agreement
With Specialty Grower QDG Agricultura
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Anaheim, CA
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February 4, 2020
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LiveWire Ergogenics Inc. (OTC: LVVV)
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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 provide cannabis-based products and services in California, announced today that it has entered into a definitive Agreement with QDG Agricultural (“QDG”), an experienced and highly specialized cannabis production company, to continue construction for operation at its Estrella Ranch facility in Paso Robles, California.
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Under the terms of the agreement, LiveWire has retained QDG to design, construct and manage phase-1 of its self-sustained scalable grow facility to include all necessary buildouts required for operations on the property. QDG will provide marketable cannabis strains as allowed per California Laws under a unique profit-sharing model between the parties. LiveWire will manage the real estate, complete all permitting processes and obtain and maintain (through its subsidiaries) all operating permits.
Bill Hodson, CEO of LiveWire stated, “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. 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 operate 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,”
Jason Spain, CEO of QDG states, “We immediately saw the opportunity at the ranch, and are pleased to enter into an agreement with LiveWire to set up operations on one of the most beautiful facilities in California. The Estrella Weedery fits all our expectations and conditions to produce our high-quality handcrafted cannabis products. QDG shares LiveWire’s philosophy to thrive for excellency in our business model and to produce only the highest and purest hand-crafted cannabis products in the California. We are looking forward to make 2020 an exciting year for our two companies.”
About QDG Agricultural
QDG is an agriculturally based company that specializes in state-of-the-art “tractor-less” cannabis cultivation practices backed by academia and proven results with an impressive track record of success. QDG uses state of the art technology and science applied by seasoned professionals with decades of experience. Utilizing a propriety premium organic soil blend comprised of 60% less water, 50% less fertilizer and 0 toxic pesticides, QDC has created an ultra-efficient regenerative plant environment proven to be 100% organic, cost effective and widely scalable.
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:
LiveWireErgogenics.com
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Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release, the Company's Social Media postings and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.
LIVEWIRE ERGOGNEICS, INC
LIVEWIRE ERGOGENICS INC.
1600 North Kraemer Blvd.
Anaheim, CA 92806
714-740-5144
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