LiveWireErgogenics Inc. (OTCMKTS:LVVV) Stock Gains Momentum After The News
LiveWireErgogenics Inc. (OTCMKTS:LVVV) was up 6% after announcing that its affiliate Strella River Farms has started expanding its cultivation space on the Estrella Ranch with the addition of two acres of cultivation space, taking total canopy to more than 130,00 sq. ft.
Market Action:
On Tuesday, LVVV stock surged 5.63% at $0.0150 with more than 3.05 million shares, compared to its average volume of 2.41 million shares. The stock has moved within a range of $0.0130 – 0.0150 after opening the trade at $0.0130.
Announces Two Additional Acres of Cultivation Area on Estrella Ranch to Over 130,000 SQFT
CEO Bill Hodson said that EstrellaRiver Farms had delivered its maiden harvest for processing and supply to its distributor. It is already planning for a second harvest to be available before the end of 2020. In addition, Hodson said that the farm had already used the initially licensed cultivation space at the ranch. Now it is starting to expand the growing areas to attain full capacity in the coming years.
The first successful harvest from Estrella River Farms is a validation of the company’s move to establish a cannabis growing operation in a top supportive microclimate in California in a farm that will deliver high quality, organically grown, and handcrafted cannabis in California. LVVV is worth keeping an eye on in the coming months.
Key Quote:
Bill Hodson, CEO of Livewire Ergogenics, states, “While Estrella River Farms continues to deliver its first harvest for processing and delivery to its distributor, it is already preparing for a second harvest that it intends to deliver before the end of this year. As of today, the farm has fully utilized the initially permitted cultivation area at Estrella Ranch and is now beginning to expand the cultivation area on the path to full capacity operation over the next few years. After completing a complex build-out and permitting process over the last two years, complying with never-ending legal and environmental ordinances, rules and regulations, the inaugural cultivation program on Estrella Ranch has exceeded our expectations and has met the demanding schedule and quality of the product for the first delivery.”
