jrf30
5 days ago
I'll paste it here. It came from "market awareness"
Livewire CEO Outlines 2024 Growth Plan
A Strategic Comeback Plan for a “Phoenix” Cannabis Stock
We are on the Offensive – Always
LiveWire Ergogenics Inc. (OTC: LVVV),?a company focused on acquiring, leasing, licensing, and managing special-purpose real estate properties conducive to producing high-quality, handcrafted, and sun-grown specialty cannabis products for medical and recreational adult-use in California today announces update and growth plan for 2024.
The cannabis industry has experienced its fair share of ups and downs over the last few years. Overhyped expectations of growth and revenues, unusually large investment or debt burdens, inexperience resulting in mismanagement, and extreme market volatility have made it difficult for many public cannabis companies to develop a solid financial performance, a predictable share price, and generate a satisfactory ROI for their investors. Accordingly, many small and large publicly traded cannabis companies alike have lost an average of 70% in stock value over the last two years. LiveWire has prepared a strategic comeback plan for a “Phoenix” cannabis stock.
Bill Hodson, CEO of Livewire, states, “LiveWire also went through an often-painful growth process over the last few years, no doubt accelerated by the significant loss in share value by many of the industry’s major operators; we found ourselves possibly guilty by association. We understand that the current trading climate does not encourage investors to invest in any company in the industry, maybe with a few rare exceptions. However, as the history of many newly developing industry sectors has shown, “I chaos lies opportunity.”
“In contrast to many of these companies, we have always focused on our vision to develop and execute a well-crafted and unique business model anchored in cost-conscious operation and driven by our passion for the plant and management’s experience in a complex and turbulent industry. We believe we have positioned LiveWire for long-term success and profitability.”
“Many experts agree that despite the pressure cooker of the last few years, significant losses, and still-existing obstacles, the future of the US cannabis market appears bright, with increasing innovation and significant growth expected. However, for businesses to succeed, successfully navigating the still-complex legal and regulatory landscape, running a cost-conscious operation, and quickly adapting to dynamic market changes are crucial. We recognized these requirements early on and built and optimized a unique, high-quality specialty products cultivation facility in Paso Robles, California. We consistently adapted our business model to the prevailing market conditions and created ample room for improvements and expansion.”
Hodson continues, “Together with Estrella River Farms (ERF), our steadfast focus remains on operating with the lowest possible operating expenses, carbon footprint, and debt level, allowing us to continue to produce without sacrificing quality and integrate flawlessly into the environment with the surrounding vineyards. We diligently manage operational costs and expand and adapt our business model with cost-effective and unique product development. By accelerating sales through licensing, marketing, and management, we can effectively navigate the ongoing product price volatility in the California market. After overcoming significant hurdles during the last year, somewhat hampered by a low share price, our expanded group of subsidiaries, affiliates, consultants, and distributors are now well-positioned to move forward with the confidence to withstand still-existing market fluctuations and increase revenue and profitability.”
“The vision of developing a unique business model, the world’s first “Estate Grown Weedery,” is more than ever at the core of our mission. We are expediting our streamlining efforts and continuing to center all operations at the Ranch for optimal performance. We are now narrowly focused on expediting the growth of those Livewire entities that operate most economically and have shown the most promise over the past year. We will focus on our vision of applying our resources to core strategies that strengthen our competitive position in the market.”
“The entire management team at Estrella River Farms (“ERF”) is passionately devoted to cultivating the best possible sun-grown California cannabis to become the California market leader. The Estrella team is currently generating a mix of wholesale and unique “Estrella-branded innovative retail products for the 2024 market. This will improve revenue and net profit, with the expectation that our performance will also be reflected fairly in our share price,” Concludes Hodson.”
Accomplishments in 2023/2024
Produced eight consecutive profitable quarters during 2023.
Generated a net profit for the fiscal year 2023
Is well-positioned to increase our revenue for 2024 substantially
Comprehensively assessed the company's current financial position, including assets, liabilities, and cash flow.
Identified operational weaknesses and strengths, including existing infrastructure, production and distribution capabilities, and the value of the intellectual property.
Assessed market trends, consumer demand, and competition to identify new market opportunities, desirable product mix, growth opportunities, and potential areas of improvement.
ERF has improved sourcing of high-quality and best-selling strains
ERF has hired additional experienced cultivation experts, expanding the cultivation team
The first delivery of high-quality plants for the 2024 harvest is planted
The Company has concluded the development and build-out phase of Estrella Ranch in Paso Robles and will now focus on further streamlining operations and distribution for maximum results.
Plans for 2024
ERF will deliver the first harvest in June
ERF will prepare the second cultivation run for harvesting in November
ERF will deliver “Estrella Weedery” branded specialty products into the retail market
Optimize cost structures by streamlining operations and further reducing expenses
Increase investment in research and development to innovate and stay ahead of the competition.
Continue to reduce debt and improve liquidity.
Explore options for raising additional capital, such as strategic partnerships or equity financing, while limiting dilution to a minimum.
Focus on high-margin products or services.
Joined the Airbnb community to develop the Ranch into the top destination for California’s fast-growing cannabis tourism.
Consider a share consolidation program to access a new investment universe.
Continue to improve our fiscal management practices to enhance transparency and accountability.
Foster frequent and transparent communication with shareholders, investors, and the public.
Regularly communicate milestones, achievements, and growth plans.
In closing, Mr. Hodson states, “The past five years' experience has strongly shaped us, as it has the entire industry. In our start-up years, we relied on standard startup business practices, such as engaging expert building contractors, growers, and distribution partners to manage and market our products. We operated in a new industry that presented us with unexpected obstacles and expenses, including unreasonable and ever-changing rules and regulations and, as the major obstacle, being subject to very repressive accounting and tax treatment. Based on this experience, in 2023, we began an in-depth assessment process for our entire operation, from “seed to sale.” As a result, we have expanded our team and revised operational structures to maximize the results from the cultivation at our exceptional Estrella Ranch facility.”
“With the beginning of the planting for Estrella’s new 2024 harvest, Estrella River Farms has now reached full autonomy and control over its destiny. Every aspect of the operation is under our complete supervision and control, from planting to harvesting and selling. By reducing the dependency on affiliated companies and distribution partners, we now have total control over the entire process and, most importantly, will be able to improve our financial performance. To accelerate revenue generation and profitability, we have begun crafting a unique “Estrella” branded products strategy for ERF as retail sales in addition to bulk wholesale flower sales. This allows the farm to command higher profit margins than bulk sales.”
“By strictly following this comprehensive comeback plan, driven by our low-cost operation model, we expect our "Phoenix" cannabis stock to rise from its current level and emerge as a successful and resilient player in the cannabis industry. With an elevated level of flexibility and focus on innovation, strategic initiatives, differentiated offerings, and a continuing commitment to excellence, we can unlock our true potential and deliver significant value to our shareholders. We expect this to be reflected in an increasing share price. For people unfamiliar with our company, now is an excellent time to get involved.”
Bill Hodson
CEO, Livewire Ergogenics
The LiveWire Estrella Weedery
Estrella Ranch is a historic ranch property in Paso Robles, the center of California wine country. Together with its subsidiary Estrella Ranch Partners, Livewire has transformed this stunning property into the world's first "Estate Grown Weedery ™," with three acres for cultivating high-end, organic, sun-grown cannabis products and ample room for expansion. Estrella Ranch is the central hub for all Livewire operations in California. The Estrella “Estate Grown Weedery” cultivation process focuses on the cost-effective production of the best quality sun-grown cannabis in California while generating the smallest possible carbon footprint using as few of California's energy resources as possible. Visit https://estrellariverfarms.com,
About LiveWire Ergogenics Inc.
Livewire focuses on acquiring, managing, and licensing well-qualified cannabis real estate locations of fully compliant facilities to produce exceptional cannabis-based products for statewide distribution in California. This includes developing and licensing organic-style grown cannabinoid-based specialty products and services to create the high-quality "Estrella Weedery™" brand. These products are cultivated by Livewire’s subsidiary/affiliate companies, Estrella Ranch Partners, and Estrella River Farms, and distributed by major California cannabis distributors and retailers. LiveWire Ergogenics does not produce, sell, or distribute products that violate the United States Controlled Substances Act.
For more information about LiveWire Ergogenics, visit www.livewireergogenics.com or at X at @livewireLVVV. Follow LiveWire Ergogenics on Twitter @livewireLVVV or go to
www.stockwatchindex.com/livewire-ergogenics for non-material updates.
Forward-Looking Statements.?
This release contains forward-looking statements within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. All forward-looking statements, predictions, and projections are inherently uncertain as they are based on current expectations and assumptions concerning the successful execution of planned events or the Company's general future performance. Readers are cautioned not to rely on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should carefully review 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 ERGOGENICS, INC
1600 North Kraemer Blvd.
Anaheim, CA 92806
714-740-5144
www.livewireergogenics.com
info@livewireergogenics.com
MARKET AWARENESS
Stockwatchindex, LLC
442-287-8059
www.stockwatchindex.com
info@stockwatchindex.com
LIVEWIRE INVESTOR RELATIONS
Tristan Cavato
(805) 835-2415
ir@livewireergogenics.com
info@livewireergogenics.com
jrf30
5 days ago
Things from this mornings email from LVVV
FIrst, they had positive earnings all 8 quarters last year. I mentioned that one already, as a joke, but still, it IS impressive that they are making positive returns every quarter for two years now.
Next, although they are making money every quarter, they are still looking to do another round of equity financing. "Explore options for raising additional capital, such as strategic partnerships or equity financing" that concerns me some, as they are making earnings so why the need for more financing?
Revenues should be good in 2024. two harvests plus the 2023 harvest was late in the year and some of that revenue did not come in for 2023, so call it "2.5 harvests" in 2024. SHould be good for revenue growth. "ERF will deliver the first harvest in June
ERF will prepare the second cultivation run for harvesting in November"
They are looking at a reverse split. "Consider a share consolidation program to access a new investment universe." the new and fancy term is share consolidation, but it is a reverse. I never like those, regardless of the reason. It would lower the outstanding though. I bet he would do a larger one, to reduce outstanding by a lot. LIke maybe 1 for 5, instead of 1 for 2.
"Foster frequent and transparent communication with shareholders, investors, and the public" Ehhh. ALways said, never done by most companies.
I did NOT see that they were going to pay their real estate taxes that are now a few YEARS delinquent. It would be nice to see that before someone takes the property away in a tax sale.
Still standing on the dock, watching but not a buyer. Not until the profits start showing up on the books, instead of being given to ERF as a debt owed to LVVV. I know Bill says he is doing that because of the MJ laws, but hey, you don't pay your taxes, you don't keep any profits, and you show revenue but never collect it (from ERF) so is it really revenue? Yep, still on sidelines. But watching, and hoping someday this really has good news and I'll buy back in.
My take on today's PR.
Romans623
2 weeks ago
LiveWire Ergogenics Reports 2023 Financial Results
Reports Eight Consecutive Profitable Quarters
Increases Annual Net Income by 35%
Anaheim, CA, April 2, 2024 -- LiveWire Ergogenics Inc. (OTC: LVVV), a company focused on acquiring,
managing, leasing, and licensing special-purpose real estate properties and operations conducive to
producing high-quality, handcrafted, and sun-grown cannabis specialty products for medical and
recreational adult use in California, today announced financial results for the year ending December 31,
2023.
Revenue for 2023 amounted to $1,633,744. Since the first quarter of 2022, the company has generated
eight consecutive profitable quarters, generating a net income of $921,575 for the fiscal year 2023,
compared to a net income of $684,124 in 2022, an increase of 35%. For the same period, assets
increased to $7,735,532, an increase of $1,463,629 or 23% compared to fiscal year 2022. Our assets
exceeded our liabilities by $3,113,731.
Bill Hodson, CEO of LiveWire Ergogenics, states,
“While our revenues for 2023 were slightly lower than
in 2022 because the second harvest process in late 2023 by our affiliate company Estrella River Farms
(“ERF”) extended into 2024, we were still able to generate a net profit of $921,575, based on a streak of
eight consecutive profitable quarters. The overlap in 2023 revenue will be reported in Q1 and Q2 of
2024. As documented in our annual filings with OTC, we continue to focus on running an operation
with the lowest possible overhead and reinvesting all cash generated back into operations to facilitate
the growth of the best sun-grown cannabis in California. All of this, without sacrificing quality, accelerate
new retail product development and maximize efficiency with an outlook to significantly improve
financial performance for 2024.
”
Following a turbulent 2022, all of 2023 remained challenging for the entire cannabis industry. Many
companies struggled to keep their doors open, renew their expensive licenses, maintain compliance, or
generate the expected operating profits. Accordingly, the share prices of most publicly traded cannabis
companies declined drastically, and Livewire has not been spared either. Since the beginning of 2024,
although share prices are still low, there seems to be a change in the downward trend, with prices
stabilizing and increasing again for the last few months.
Estrella River Farms, our licensed grower on Estrella Ranch, is currently cultivating three (3) acres of
licensed canopy. They have planted over twelve (12) high-producing strains, with plans to harvest in
June. They have maintained excellent standing with the local authorities, environmental agencies, and
the State of California. We have confirmed the feasibility of a profitable cannabis operation for hand-
crafted wholesale, including the unique and higher-margin retail products we currently have under
development. We are now in a great position to deliver on our promises this year.
Romans623
2 weeks ago
Results of Operation
During the years ending December 31, 2023, and 2022, we generated a net income of $921,575 compared to $684,124, an increase of
$237,451 or 35%.
Comparison of the Results of Operations for the year ending December 31, 2023 and 2022.
During the years ending December 31, 2023, and 2022, sales amounted to $1,633,744 and $1,938,030, respectively, a decrease of
$304,286 due to the second harvest process by its affiliate company in late 2023 extending into 2024. Accordingly, management
and licensing fees for the period will be reflected in Q1 and Q2 of 2024. As of December 31, 2024, Net Profit increased from
$684,124 to $921,575, an increase of $ 237,451 or 35%. Free cash flow is consistently reinvested in operations to improve
performance for 2024.
Profit (Loss) from Operations. For the year ending December 31, 2023, our net income was $921,575 compared to a net income
of $684,124 for the year ending December 31, 2022, an improvement of $ 237,451 or 35%. The increase in net income is based on
the continuing optimization of the operation and the focus on higher profit margin products, a decrease in professional fees, and
administration costs. General and administrative expenses decreased from $231,733 to $132,502, a decrease of $99,231, based on
lower general operational expenses and reduced stock-based compensation for consulting services. Professional fees decreased by
$296,519 from $928,400 for the year ending December 31, 2022, to $631,881 for 2023. As of December 31, 2023, the Company has
issued 1,859,979,092 shares of its restricted common stock.
Current assets and Liabilities. As of December 31, 2023, assets increased to $7,735,532, an increase of $1,463,629 compared to
$6,271,903 on December 31, 2022, an increase of 23%. Our assets exceeded our liabilities by $3,113,731. LVVV
https://www.otcmarkets.com/otcapi/company/financial-report/396363/content
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