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LiveWire Ergogenics Subsidiary GHC Ventures Enters into Distribution Agreements with Two Leading California Cannabis Manufacturers
LiveWire Ergogenics Subsidiary GHC Ventures Enters into Distribution Agreements with Two Leading California Cannabis Manufacturers.
About this update from Livewire Ergogenics, Inc.
[{"type":"text","content":"\nAnaheim, CA, April 02, 2019 (GLOBE NEWSWIRE) -- LiveWire Ergogenics, Inc. (OTC: LVVV), announced today that its subsidiary, GHC Ventures, has entered into two new statewide distribution agreements with leading California specialty cannabis manufacturers, Under Pressure Extracts and Uptown CannaCo. These agreements significantly expand the size and reach of LiveWire Ergogenics’ distribution network throughout California.\n The California cannabis market itself is expanding rapidly, and manufacturers need a distribution partner that can quickly and efficiently get their product to market. As consumer preferences change frequently, product pricing, time to market and access to a large number of retailers across California is paramount. GHC Distro, GHC Ventures’ distribution arm, has a consumer-driven market approach, which benefits retailers as well. Through GHC Distro, retailers gain access to a wide range of new high-end cannabis products, all serviced through the solid and reliable GHC supply chain and distribution network. “With these agreements we are providing the platform for our partners to legally distribute their products throughout California” states Bill Hodson, CEO of LiveWire Ergogenics, Inc. “As we build out a portfolio of hundreds of products that will be available for GHC distribution into the retail market, we are privileged to add the products of these well-established and recognized manufacturers to the GHC Distro’s product roster for distribution through our California network. This will help accelerate the expansion of our statewide distribution model and support our stated goal to become one of the first vertically-integrated cannabis operations in California.” Contracted manufacturers will be supported by LiveWire’s branding and marketing, GHC’s track-and-trace operation for the manufacturers’ qualifying products and utilization of GHC’s licensed distribution facilities in Coachella, California, providing an opportunity to expand their business. By opening GHC Ventures’ California cannabis distribution network to manufacturers that pass LiveWire’s stringent legal and environmental qualification process, the Company provides a large and solidly-structured legal distribution network for all qualifying California manufacturers. Live...