LiveWire Ergogenics Inc. (OTCMKTS:LVVV) Stock In Focus After The Recent Development
LiveWire Ergogenics Inc. (OTCMKTS:LVVV) was up 2% after announcing the establishment of the Luis Obispo Cannabis Growers Alliance.
Market Stats
On Wednesday, LVVV stock moved up 2.36% at $0.0152 with more than 2.40 million shares, compared to its average volume of 2.40 million shares. The stock has moved within a range of $0.0150 – 0.0154after opening the trade at $0.0150.
The Formation of the San Luis Obispo Cannabis Growers Alliance
The company has developed the San Luis Obispo Growers Alliance, SLOGrow.org, after more than two years of complex and perplexing experiences, combined with a mix of resistance and support.
The group serves as a forum for Growers and the communities in which they live to share their experiences, encourage conversation, and foster positive cooperation. SLO Grow intends to advocate for responsible cannabis oversight and effect policy for the California central coast at the municipal, neighborhood, and state levels.
Lisa Bugrova, SLO Grow Alliance Executive Director, said that besides supporting alliance members with project-level assistance, policy advocacy, and compliance advice, SLO seeks to bridge the gap between regulators, growers, ag-supportive businesses, and conventional businesses agriculture in the area. In addition, SLO wants to create a strong advocacy network for the whole industry, encouraging local enforcement oversight for legal operators.So Investors should watch LVVV in the coming days.
Key Quote
SLO Grow Alliance Executive Director Lisa Bugrova states, “Along with supporting our alliance members with policy advocacy, project-level support, and compliance guidance, SLO Grow aims to bridge the understanding between growers, regulators, conventional agriculture, and ag-supportive businesses in the area. SLO Grow aims to build a robust advocacy network for the entire industry to encourage the development of local enforcement oversight to one of trust with the industry’s legal operators. Instead of addressing duplicating efforts for different authority regulations, operators should be able to rely more on the comprehensive regulatory framework created by the State for licensing and tracking throughout California. We are committed to ensuring that the Central Coast Growers become a united force and will be able to combine efforts with other growers throughout California to make a positive and lasting impact for their operations and surrounding communities.”
Traders Corner
LVVV stock is trading below the 20-Day and 50-Day Moving averages of $0.1620 and $0.1820 respectively. Moreover, the stock is trading below 200-Day moving average of $0.0157. The stock is down 39% in the past 3-month.