LiveWire Ergogenics Inc (OTCMKTS:LVVV) Stock Gains Momentum: Here is Why
LiveWire Ergogenics Inc (OTCMKTS:LVVV) is a fairly unique company which is involved in the acquisition, management, licensing and leasing of real estate and other special purpose operations for the purpose of producing high quality cannabis products for the Californian market.
Trading Data
On Friday, LVVV stock moved up 6.98% to $0.0046 with more than 508.36K shares, compared to its average volume of 981.66K shares. The stock moved within a range of $0.0043 – 0.0048 after opening trade at $0.0043.
LiveWire Announces Estrella River Farms Launching New “Estrella Weedery” Branded Product for California Distribution
The company was in the news this past Friday after it announced that Estrella River Farms, its affiliate company, had launched the first ‘Phire’ and ‘Estrella Weedery’ co-branded products, which are going to be distributed throughout the Californian market. The launch of a new product is almost always seen as a major new announcement and it is going to be interesting to see if it leads to any major move in the LiveWire Ergogenics stock.
The Chief Executive Officer of the company MrHodson spoke about the latest development as well. He noted that the latest product is going to be the first branded value added product under the ‘Estrella Weedery’ brand that is going to hit the Californian market.
He went on to note that LiveWire Ergogenics had worked closely with its subsidiaries as well as affiliate companies for the development of a line of exceptional products. It may be a good time to add the LiveWire Ergogenics to your watch lists.
Key Quote
Mr. Hodson, CEO of Livewire Ergogenics, states, “This is our first “Estrella Weedery” branded value-added product entry into the California market in cooperation with our co-branding partner Phire Labs. Together with our subsidiary and affiliate companies, we have developed a line of exceptional products with an absolute focus on organic and best-in-class cultivation. The “Fatso” and ‘Wedding Pie” Liquid Diamonds are our first entry into California’s business-to-business and direct-to-consumer specialty cannabis market. Several more “Estrella Weedery” branded products are on the launch pad and will follow shortly.
Technical Data
LVVV stock is trading below the 20-Day and 50-Day Moving averages of $0.0051 and $0.0063 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0062.
