LiveWire Ergogenics Reports Third Quarter 2020 Results - Seite 2

Mr. Hodson continues, “We have spent this year navigating through the complex environmental and legal compliance process for the approval of our ranch operation and continue to make progress on the infrastructure improvements required for legal operation. We have entered a unique revenue and expense-sharing agreement with QDG Agriculture as our main operator on the ranch, an operator with a long and successful track record for the cultivation of organic proprietary cannabis strains. Based on the actions that we have taken together with QDG, we expect to begin generating revenue from cultivation in the first half of 2021, pending the State approval process. We plan to expand the cultivation area on the ranch sequentially to full capacity during the years ahead, while making sure that the natural environment and surrounding areas will not be negatively impacted. While executing this plan, we will continue to follow the strict financial discipline that we have set for ourselves, maintaining low operating expenses and thrive to produce significant revenues, net income and return on investment for our shareholders during 2021.”

The detailed Financial Report for Q2 2020 can be downloaded at OTC Markets
https://backend.otcmarkets.com/otcapi/company/financial-report/263428/ ...

LiveWire is in the process of centralizing all company operations in Paso Robles. Management is continuing to build a LiveWire holding company that will pursue additional projects and ventures in the cannabis industry that can benefit from the extensive experience of the team that has been assembled during the last year. This is the same team that has taken us through the complex process of legal and environmental compliance and will continue through cultivation.

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 cannabis real estate properties conducive to producing high-quality handcrafted cannabis products for medicinal and adult-use in the US. This includes the distribution of these products and the creation of a nationally recognized organic "Estrella Weedery" brand. Livewire Ergogenics does not produce, sell, or distribute products that are in violation of the United States Controlled Substance Act. For more information, please visit: LiveWireErgogenics.com.