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LiveWire Ergogenics Signs Letter of Intent with Manufacturer and Distributor of CBD-Enriched Topicals
LiveWire Ergogenics Signs Letter of Intent with Manufacturer and Distributor of CBD-Enriched Topicals.
About this update from Livewire Ergogenics, Inc.
[{"type":"text","content":"\nAnaheim, CA, Aug. 08, 2018 (GLOBE NEWSWIRE) -- LiveWire Ergogenics, Inc. (OTC: LVVV), a company focused on product development, acquisition and management of legal, fully controlled and self-contained turnkey production facilities for cannabis-based products and services, announced today that it has signed a Letter of Intent with Sacred Biology, a leading manufacturer of high-quality CBD-enriched lotions and skin-care topicals.\n In this all-stock transaction LiveWire is entitled to acquire a minority interest in the privately held Sacred Biology with a one-year option to purchase 100% of the Company, once the transactions described in the Letter of Intent are complete. LiveWire will be granted a seat on the Sacred Biology management team and a member of Sacred Biology’s management team will be named to the LiveWire Corporate Advisory Board. In addition, LiveWire Ergogenics will immediately be granted worldwide distribution rights for all current and future Sacred Biology products. “Our long-range plans,” explains LiveWire CEO Bill Hodson, “include developing and thoroughly testing our unique cannabis strains for use in medical cannabis products, targeting specific ailments for large “sufferer” populations, and producing and licensing various white-label products for customers around the world. To support these efforts, we are also expanding the reach of our 7X Pure Cannabis Compliance and Dosage Verification System. Sacred Biology’s extensive experience in manufacturing CBD product lines is a perfect fit to expedite the development of these LiveWire projects. In addition, the National Distributorship for the Sacred Biology products will allow LiveWire to generate significant additional top line revenue.” Sacred Biology will also manufacture and distribute “Capsadiol”, LiveWire’s proprietary cream, composed of capsaicin infused with cannabinoids. Like capsaicin, cannabinoids have a documented perceived effectiveness in treating various issues, such as chronic pain, inflammation, skin disorders, headaches, and nausea, among others. With the increasing demand for naturally derived alternatives, coupled with the rise and acceptance of cannabinoid use for medical purposes, now is a promising time to marry the two products to fight pain naturally. This will be a main...