LiveWire Ergogenics Inc. announced on September 07, 2022 about signing an agreement with Kushagram Delivery and Green Eagle Delivery. The agreement is for the distribution of products from its affiliate company Estrella River Farms and its Estate Grown Weedery branded products through two of the largest, direct-to-consumer, cannabis delivery services in California.
Trading Data
On Wednesday, LVVV stock jumped 6.88% to $0.0056 with 3.34 million shares, compared to its average volume 1.63 million shares. The stock moved within a range of $0.0052 – 0.0063 after opening trade at $0.0054.
LiveWire Ergogenics Secures Direct-to-Consumer Statewide Delivery Distribution for Estrella River Farms Products in California
The pilot harvest on the Estrella Ranch property has produced an amazing product perfectly suited to be processed into products in high demand for delivery to dispensaries and home delivery services. Estrella River Farms has received nine additional cultivation permits expanding the canopy area on Estrella Ranch to over 130,000 sqft. The output is expected to triple in 2022 (as experienced with the initial one-acre pilot project on the Ranch)!
Kushagram is California’s premier cannabis delivery company that connects dispensaries with medical marijuana patients and recreational cannabis users. Green Eagle Delivery is located in Los Angeles in a secured warehouse with a large inventory of products focusing on a wide range of cannabis products such as edibles, vapes, quality flowers, and accessories, providing on-demand delivery services directly to consumers. Through its partnership with Green Eagle Distribution, Kushagram has now expanded its direct-to-consumer delivery area into Los Angeles County.
Bill Hodson, CEO of LiveWire Ergogenics, states that these leading delivery companies are all set to deliver Estrella Weedery products throughout California in September. It will help boost market position and aid in plans to become the premier cultivator and supplier of exceptional handcrafted and sun-grown California cannabis in California via its affiliate company Estrella River Farms.
Key Quote
Bill Hodson, CEO of LiveWire Ergogenics, states, “Engaging these two leading delivery service companies to deliver our Estrella Weedery products throughout California; the largest cannabis consumption area in the country, will bolster our market position and advance our plans to become the premier cultivator and supplier of exceptional handcrafted and sun-grown California cannabis in California via our affiliate company Estrella River Farms. The pilot harvest on our Estrella Ranch property has produced an exceptionally high-quality product perfectly suited to be processed into products in high demand for delivery to dispensaries and home delivery services. Our affiliate company, Estrella River Farms, has received nine additional cultivation permits expanding the canopy area on Estrella Ranch to over 130,000 sqft. Based on the experience gathered with the initial one-acre pilot project on the Ranch, we are now expecting the farm to triple output for 2022. Adding the delivery services is expected to increase our market presence and revenue significantly.”
Technical Data
LVVV stock is trading above the 20-Day and 50-Day Moving averages of $0.0054 and $0.0055 respectively. However, the stock is trading below the 200-Day moving average of $0.0073.
