This morning many investors are expected to look into the LiveWire Ergogenics Inc (OTCMKTS:LVVV) stock which ended up clocking gains of 5% on Tuesday. Those gains took the cumulative gains made by the stock over the course of the previous week to as much as 8%.
Trading Data
On Tuesday, LVVV stock gained 5.41% to $0.0078 with more than 2.24 million shares traded, compared to its average Tuesday of 2.35 million shares. The stock moved within a range of $0.0064 – 0.0078 after opening trading at $0.0070.
LiveWire Ergogenics Reports 2021 Financial Performance Milestones 2021 – Outlook 2022
The company is involved in the acquisition, licensing and management of real estate properties that are suitable for the production of organically produced and handcrafted premium cannabis products. Yesterday, the company was in the news after it announced its annual report for 2021 and promptly came on to the radars of investors.
The company announced that it believes in the future of the cannabis industry and especially in model that it calls the ‘Weedery’ model. LiveWire noted that the model in question is quite similar to the model that is deployed at the wineries that are situated in the area around the Estrella Ranch. It was a significant new announcement from the company and one that could usher in a new era in the world of cannabis businesses. At this point in time, it could be a good idea for investors to keep an eye on LiveWire and its plans with regards to the cannabis business.
Key Quote
Bill Hodson, CEO of LiveWire Ergogenics, states, “2021 has been an exciting and action-packed year for our company. We maneuvered through a complex and costly cannabis application process, overcoming all legal and environmental hurdles that make California special while establishing the largest cannabis market in the country. We have met all requirements, finalized all required buildouts and improvements for the initial cultivation area of our Estate Grown Weedery™ at our Estrella Ranch in Paso Robles, California.
Technical Data
LVVV stock is above the 20-Day and 50-Day Moving averages of $0.0071 and $0.0067 respectively. However, the stock is trading above the 200-Day moving average of $0.0140.
