Business
LiveWire Ergogenics Affiliate Company Makana Ola Farms Receives State Approval for Cannabis Cultivation in Humboldt California
LiveWire Ergogenics Affiliate Company Makana Ola Farms Receives State Approval for Cannabis Cultivation in Humboldt California.
About this update from Livewire Ergogenics, Inc.
[{"type":"text","content":"\n Anaheim, CA, Dec. 14, 2021 (GLOBE NEWSWIRE) -- LiveWire Ergogenics Inc. (OTC: LVVV), a company focused on acquiring, managing, and licensing special-purpose real estate properties conducive to producing high-quality, handcrafted, and organically grown cannabis products for medical and adult-use in California, announced today that its affiliate company Makana Ola Farms in Humboldt, CA has received its cannabis cultivation license from Department of Cannabis Control in California. As earlier reported, LiveWire had entered a Letter of Intent to acquire a minority equity position of Makana Ola Farms based on certain legal, licensing, and financial milestones. Now that Makana Ola has received its State license and is fully operational, the Company has entered a definitive agreement, which requires the issuance of ten million restricted shares of Livewire Ergogenics. This acquisition will add an exceptional cultivation facility to LiveWire’s portfolio of carefully selected companies dedicated to cultivating environmentally sustainable sun-grown and handcrafted cannabis. Livewire has entered into a marketing and management agreement with Makana Ola and will begin an aggressive marketing and branding campaign for the products grown at the farm to give the farm access to the broad California distribution network. Bill Hodson, CEO of LiveWire Ergogenics, states, “We are pleased to deepen our relationship with Jason Spain and his Makana Ola team even further. The Makana Ola Farms’ team of expert growers has been crucial in getting the Estrella River Farms operation on Estrella Ranch up and running in record time and delivering the first-acre harvest to market as promised during the last few weeks. With the addition of Makana Ola Farms, we are expanding our family of companies and accelerating revenue generation on our path to profitability.” Jason Spain of Makana Ola Farms said, \"We are excited that we have crossed this final hurdle of the State permit and are now ready for full operation. With Makana Ola, we have created a healthy environment that we will carefully maintain and treat with the proper respect. Our family is humbled and grateful for the assistance and guidance of LiveWire.” LiveWire plans to utilize the intense experience gathered in the legal and environmental maze of the California cannabi...