Business
LiveWire Ergogenics Announces Strategic Agreement With Specialty Grower QDG Agricultural
LiveWire Ergogenics Announces Strategic Agreement With Specialty Grower QDG Agricultural.
About this update from Livewire Ergogenics, Inc.
[{"type":"text","content":"LiveWire Ergogenics Inc. (OTC: LVVV), a health and wellness company with a focus on special purpose real-estate acquisitions and the licensing and management of high-end and permitted facilities to provide cannabis-based products and services in California, announced today that it has entered into a definitive Agreement with QDG Agricultural (“QDG”), an experienced and highly specialized cannabis production company, to continue construction for operation at its Estrella Ranch facility in Paso Robles, California.Under the terms of the agreement, LiveWire has retained QDG to design, construct and manage phase-1 of its self-sustained scalable grow facility to include all necessary buildouts required for operations on the property. QDG will provide marketable cannabis strains as allowed per California Laws under a unique profit-sharing model between the parties. LiveWire will manage the real estate, complete all permitting processes and obtain and maintain (through its subsidiaries) all operating permits.Bill Hodson, CEO of LiveWire stated, “With the demand for pure, organically grown and thoroughly tested cannabis products growing rapidly, we anticipate the handcrafted product that will be grown at our California ranch to become the most sought-after premium cannabis in the industry. Our vision of an “Estate Grown Weedery” producing the finest family of branded cannabis in California is beginning to come to fruition as evidenced with this agreement. Further, we are planning to expand on our craft-grow business model by consequently marketing the appellation concept to differentiate our products and operating as a sustainable family-style local farm, two factors that are unparalleled in the industry. We truly believe that our first strategic partner QDG represents an ideal and highly experienced group of experts to get our Estrella Weedery operation off the ground successfully. Based on current market conditions, considering licenses and a successful “proof of concept” during phase 1, this property could generate over $25 million a year with revenues to increase once operating at full cultivation capacity.”Jason Spain, CEO of QDG states, “We immediately saw the opportunity at the ranch, and are pleased to enter into an agreement with LiveWire to set up operations on one of the most beautiful facilities in California. The Estrel...