LiveWire Ergogenics Signs Final Agreement to Acquire Equity Interest in California Licensed Cannabis Manufacturer Mojave Jane, LLC.
Anaheim, CA, July 09, 2018 (GLOBE NEWSWIRE) -- LiveWire Ergogenics, Inc. (OTC: LVVV), a company focused on special purpose real estate acquisitions, licensing and operation of fully compliant turnkey production facilities for cannabis cloning, nursery and extraction operations, announced today that it has signed a final Agreement with Mojave Jane, LLC, a licensed and legal manufacturer of premium cannabis extracts and concentrates for the California market.
According to the definitive Agreement, LiveWire Ergogenics has acquired a minority equity interest in Mojave Jane in an all-stock transaction with a 12-month option to acquire 100% of the company. LiveWire has also been granted a seat on the company’s Advisory Board, and through its wholly owned subsidiary GHC Ventures, has been appointed a Master Distributor for all Mojave Jane products.
“This agreement is an important component of our master plan for the implementation of our expanded business model and continued growth throughout California,” said LiveWire CEO Bill Hodson. “The execution of the final agreement will allow the two companies to get well acquainted with each other and combine the experience of both management teams in their respective fields to the advantage of both companies.”
Tom Baird, one of the Managing Members of Mojave Jane said, “We are truly excited to be working with Bill Hodson and the LiveWire Team. In this industry we have found it critical to work with professional and committed companies and LiveWire is a great example. Through the mutual synergies we all bring to the party; the whole is definitely greater than the sum of its parts.”
About Mojave Jane
Mojave Jane, LLC is a licensed and legal manufacturer of premium cannabis extracts and concentrates for the California market. Based in Coachella, CA, Mojave Jane utilizes state of the art CO2 extraction technologies, organic and pesticide free materials and advanced distillation techniques to create an array of products for both recreational and medical cannabis users.
About LiveWire Ergogenics, Inc.
LiveWire Ergogenics, Inc. specializes in identifying and monetizing current and future trends in the health and wellness industry. The Company is focused on acquiring and licensing specialized turnkey cannabis real estate locations to build and operate production facilities for legal and high-quality cannabis products and services. The Company is also establishing research partnerships to explore the application of cannabinoid-based products to target specific ailments or conditions with large “sufferer” populations for human and veterinarian applications. The Company currently operates under two permits for the cultivation and distribution of its products in Coachella, California and does not sell or distribute any products anywhere that are in violation of the United States Controlled Substance Act. The Company will only work with or have ownership in companies that are in complete compliance with Federal and State laws and have the required permits to operate. The team at LiveWire Ergogenics is passionate about implementing its unique business model and producing high-quality and fully compliant products and experiences that satisfy the fast-growing demand in the California market and expand domestically as soon as Federal legislation permits.
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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, services or partnerships. Such forward-looking statements are not meant to predict or guarantee actual results and performance, events or circumstances and actual events may differ considerably. Factors that may cause actual results to differ materially from any projections may include, without limitation, the Company’s inability to obtain additional financing, 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 failure to implement 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.
INVESTOR CONTACT
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LIVEWIRE ERGOGENICS INC.
1600 North Kraemer Blvd.
Anaheim, CA 92806
714-740-5144
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