LVVV - Amid A Turbulent Industry This Cannabis Company Shines Like A Diamond In the Rough
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The pandemic was amonumental moment for the cannabis industry as marijuana became ahousehold essential. In many states, dispensaries were declaredessential businesses and were allowed to remain open,resulting in a 46%increase in legal cannabis sales over 2019 to $17.5 billion in2020. Entrepreneurs flocked to the scene, and investors readily backedthe industry. with large investments, often time via so-calledSPACs.
However, the past severalmonths have marked a return to pre-pandemic levels. While the cannabisindustry is still predicted to expandand grow , the industry is witnessing an adaption curve.Between heavy taxation, cultivatorsabandoning licenses , and the pressure of growing inflation,many companies have put up “For Sale” signs or are looking attough times ahead.
A Diamond In The Rough? The Party’s JustGetting Started For LiveWire Ergogenics
LiveWire Ergogenics, Inc. (OTC: LVVV)(“LiveWire”) is a company that focuses on acquiring and managingspecial-purpose real estate properties that will serve as bases tohelp discover and develop high-end organic cannabis specialtyproducts. LiveWire firmly positions itself in the center of the healthand wellness industry.
The cannabis industry as a whole has seen a recent downturn inprofits resulting in missed rent payments and cultivationfacilities shutting down. While the industry as a whole islooking at positive growth, the reality on the ground for manycannabis companies may be bleak. Property deals have been fallingthrough more frequently as companies struggle to make ends meet.Companies are facing difficulties with the slowing general economypaired with legislative challenges that plague the cannabis industry.Public policy is an uphill battle.
Despite these challenges in the market, LiveWire isprospering. Its Q2 results show solid growth and a positive future. InQ2, LiveWire generated $463,313 in revenue, which was a 323% increasefrom 2021’s Q2. Net profit also saw considerable growth; thecompany’s net profit was $183,122 in Q2 compared to a loss of$579,792 during 2021’s Q2.
LiveWire believes that U.S. cannabis companies mustbe well-managed and offer unique and high-quality products via legaland environmentally conscious operations, not low-quality massproduction. That is a significant component of their success and theCompany believes that diligent and disciplined investors will bepresented with an exciting second opportunity to benefit from one ofthe last decade's fastest-growing markets for any industry. Theyexpect to see reliable growth in cannabis industry sales goingforward, and while still in the revenue startup phase that seems toalready reflect in their own sales.
LiveWire has developed Estrella Ranch as thecentral hub for all LiveWire and subsidiary operations. This propertyis being developed into the first “Estate Grown Weedery,” andeventually the ultimate cannabis destination in California.
Asof October, the Ranch has passed all quarterly inspections bythe county and state and was renewed for its annual permit. TheEstrella Ranch has also received nine new cultivation permits thatwill allow for an expanded outdoor cultivation area. As Q3 and Q4approach, the company is exploring the buildout of an already existingbuilding on Estrella Ranch as an indoor cultivation area. Ifimplemented and considered economical this is expected to help furtherdrive revenue.
Based on Livewire’sphilosophy that any cannabis company has to be subject to strictfinancial principles and must operate with low overhead and reasonabledebt burden to produce increasing revenues and profits, LiveWire doesnot seem to be experiencing the same dilemmas that other companies inthe industry are facing. If their Q2 report and business expansionplans are any indications, LiveWire seems to have a strong futureahead of it.
LiveWire Ergogenics focuses on acquiring,managing, and licensing well-qualified cannabis real estate locationsto establish fully compliant and permitted facilities to producecannabis-based products and establish relationships for the statewidedistribution of these products in California. This includes developingand licensing high-quality organic cannabinoid-based products andservices and creating the high-quality "Estrella GrownWeedery™" brand via its subsidiary/affiliate companies EstrellaRanch Partners, Estrella River Farms, Makana Ola, and CaliCruz Farms.LiveWire Ergogenics does not produce, sell, or distribute productsthat violate the United States Controlled SubstancesAct.
This post contains sponsored advertising content.This content is for informational purposes only and is not intended tobe investing advice.
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