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LiveWire Ergogenics, Inc. (OTC: LVVV), a company focused on special purpose real estate acquisitions and the licensing and management of fully compliant “closed loop” turnkey facilities for the production of cannabis-based products and services in California, announced today that the Company’s application for up-listing to OTCQB is currently in the resubmission process.
The Company’s application for up-listing to OTCQB was originally submitted to OTC late 2018 and includes two (2) years of audited financial statements and the 3rd Quarter 2018 Financial Statements complete with an extensive management discussion of the Company’s business. The Company has recently received comments from the OTC, which are currently being addressed by management and the Company’s outside accounting firm in order to resubmit the application.
“We opted to apply for the up-listing to OTCQB to provide our shareholders and new investors with optimal transparency to support increasing liquidity in our common stock. While the required resubmission will somewhat delay the effective date of our QB filing status, we are confident that this can be achieved within a reasonable time period”, stated Bill Hodson, CEO of LiveWire Ergogenics. “Moreover, we believe that trading on OTCQB, in combination with the recent grant of permits for the operation of two LiveWire cannabis nurseries and a state-wide distribution license in California, will generate enhanced exposure for our Company and expand our investor universe considerably. We anticipate being able to work through these comments expeditiously and will keep our investors posted on the progress of the application.”
The OTCQB is considered by the U.S. Securities and Exchange Commission (SEC) as an “established public market” that determines the public market price of stocks for investors. Since the OTCQB requires audited financial statements and management certification and has strict reporting standards and compliance requirements, it dramatically increases transparency and credibility for the companies traded on the exchange. This increased credibility and visibility, typically resulting in improved liquidity and awareness.
About LiveWire Ergogenics, Inc.
LiveWire Ergogenics, Inc. (LVVV) specializes in identifying and monetizing current and future trends in the health and wellness industry. The Company is focused on acquiring, managing and licensing specialized “closed loop” turnkey cannabis real estate locations of fully compliant and permitted turnkey facilities to produce cannabis-based products and services in California and the state-wide distribution of these products. This includes dosing verification of zero pesticide products for quality brands via its “7X Pure” Cannabis Dosing and Verification System, and the development, licensing and distribution of legal, high-quality cannabinoid-based products and services. LiveWire Ergogenics does not sell or distribute products that are in violation of the Unites States Controlled Substance Act.
For more information about LiveWire Ergogenics, visit http://www.livewireergogenics.com. For non-material updates, follow LiveWire Ergogenics on Twitter @livewireLVVV. Download the Stockwatchindex Research Report at www.swiresearch.com/report-index
Forward-Looking Statements
Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements. Forward-looking statements may include, without limitation, financial projections, statements regarding the plans and objectives of management for future operations, the development, regulatory approvals and commercialization of the Company’s products, or any of the Company’s other proposed products, systems or services. Such forward-looking statements are not meant to predict or guarantee actual results and performance, events or circumstances, and actual events may differ materially. Factors that may cause actual results to differ materially from any projections may include, without limitation, delays in the development of its products, the impact of significant new or changing government regulation in the cannabis industry, existing or increased competition, results of arbitration and litigation, stock volatility and illiquidity, and the Company’s inability to obtain additional financing for the implementation of the Company’s business plans or strategies. The Company assumes no obligation to update any forward-looking statements to reflect any event or circumstance that may arise after the date of this release.
This release has been provided by the above Company via the OTC Disclosure and News Service. The issuer of the news release and not OTC Markets Group Inc. are solely responsible for the accuracy of the release.
LIVEWIRE ERGOGENICS INC.
1600 North Kraemer Blvd.
Anaheim, CA 92806
714-740-5144
www.livewireergogenics.com
MARKET AWARENESS
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INVESTOR CONTACT
EquiNet, LLC
Toll free: 877-964-6463
Direct: 858-264-6500
