LiveWire Ergogenics Announces Purchase of 450-Acre Historic California Ranch Property
May 24 2019 - 9:00AM
InvestorsHub NewsWire
LiveWire Ergogenics
Announces Purchase of 450-Acre Historic California Ranch Property
to Develop Premier Cannabis Operation in
California
Anaheim, CA -- May 24,
2018 -- InvestorsHub NewsWire
-- LiveWire Ergogenics, Inc. (OTC: LVVV) announced today that
its subsidiary Estrella Ranch Partners, LLC has finalized
the purchase of a historic ranch property in Paso Robles, the
center of the renown California wine country. Under the terms of
the Purchase Agreement the first phase of the transaction, the
acquisition of 265 acres has been concluded and the Company has
executed an exclusive option to acquire
the remaining 185 acres at any time within a 12-month
period.
The Company intends to transform this majestic
property into the world’s first “Estate Grown Weedery”, and develop
it into one of the largest, vertically integrated, high-end
cannabis facilities and wellness retreats in
California.
The property, once owned by George R. Hearst, the
eldest grandson of the late William Randolph Hearst, will be
managed by LiveWire Ergogenics and host essential cannabis
cultivation, manufacturing and research facilities. In order to
fully utilize this exquisite property, the Company will also
establish a cannabis-based health and wellness retreat and provide
educational and recreational experiences for shareholders, industry
partners, local governments and State agencies. All escrow
contingencies have been removed and the Company’s newly formed
subsidiary, Estrella Ranch Partners, LLC took possession of the
property on May 23, 2019. Estrella Ranch Partners has already
commenced with the permit application process and will begin
retrofitting existing structures and necessary buildouts as soon as
possible.
Bill Hodson, CEO of LiveWire states, “This is by far
the most significant milestone in our company’s development and
possibly the most significant real estate acquisitions in the
entire California cannabis industry. During the last twelve months,
our management team, legal, environmental and architectural
consulting firms have concluded the extensive due diligence process
and confirmed the suitability of the property for the operation of
our fully legal, “closed-loop” cannabis production facility. We
have closed escrow on the first 260-acres for $6 million with an
exclusive option to acquire the remaining 185-acres. Estrella Ranch
is located on the Central Coast of California, midway between Los
Angeles and San Francisco and just 30 minutes from the Pacific
Ocean. We will immediately begin developing it into the
center piece of our business model with the goal to develop it into
a shining example for the entire cannabis industry, and Estrella
Ranch branded products soon will be recognized as one of the finest
in California. We would not have been able to achieve this without
the continuing support of our loyal shareholders and I would like
to take this opportunity to thank these shareholders for their
support in our quest to become a major force in the wellness
industry.”
LiveWire will consider partnerships, joint ventures,
strategic alliances and create networking opportunities with the
best operators in the cannabis industry, exploring the
opportunities for those companies to operate on the Estrella
Ranch-Estate Grown Weedery property, with the goal to create a
cannabis production and retreat of unrivaled excellence in
California. Operations will include cultivation, extraction, lab
and research facilities complimented by luxury recreational
opportunities. The Company is also considering growing hemp to take
advantage of the sprawling acreage and beneficial topographical
features of the property. This will add to the value of the
company’s already awarded Minor Use Permit for its nursery in Paso
Robles and the State-wide California distribution license granted
by the California Bureau of Cannabis Control based in Coachella,
California.
Third Party Operators
Welcome
Over the past several months, LiveWire has been
preparing its plan to develop one of the most exclusive, vertically
integrated cannabis operations in California. The Company will
enter into carefully selected strategic alliances and contract with
select experienced and credible operators from different sectors of
the cannabis and wellness industry. Operators will have to
meet the high level of standards that LiveWire has established for
all operations that want to operate a
turnkey and fully legal cannabis production platform on this
property. In addition, Estrella
Ranch will also benefit from products produced in the Company’s
nursery and its cloning operation in a separate location on the
same property and in in Coachella, California, to expedite the
start of production on the Ranch, according to the Company’s focus on “Best-in-Class” operations.
The Company will strictly comply with all Federal, State and local
laws and rigorously maintain the natural beauty and openness of the
Paso Robles property and its surroundings.
Estrella Ranch – Historical
Significance
Estrella Ranch has a longstanding history, once owned
by George R. Hearst, the eldest
grandson of the late William Randolph Hearst, is considered
among the finest Ranches in California and the gem of the
California Central Coast. The acquired property sits within a
21,000-acre property of pristine countryside of
rolling hills and gorgeous views traversed by 1.75 miles
of the Estrella River. The Company’s recently permitted
nursery is located within this massive property, about a mile from
Estrella Ranch and will supply “babies” and “teens” to the indoor
and outdoor cultivation operations with proprietary and
sought-after strains under strict supervision and quality
control.
Residential Buildings and Turnkey
Structures
The property is equipped with an abundant water
supply of natural springs and artesian wells, high-power pumps
feeding a sophisticated irrigation system, ample electricity
and beautiful recreational areas with an exquisite Spanish-style
main estate and two additional residences that can house up to 30
people. Storage buildings and elaborate equestrian facilities
surround four equestrian barns and thirty-five stables. This is
complimented with both covered and open arenas, a pole barn,
additional workshop and ranch headquarters with seven
offices.
Taking full advantage of these abundant and
well-suited buildings with over 50,000 square feet of possibility,
LiveWire is designing and will build a truly unique property that
consists of indoor and outdoor cannabis operations, manufacturing
facilities and the LiveWire 7X Pure testing and verification lab.
The operation will eventually be supplemented with educational
workshops, entertainment events and luxury recreational facilities
focused on providing a comprehensive and unique cannabis related
retreat experiences; all while maintaining the beauty and serenity
of one of the most gorgeous landscapes in
California.
Watch The Vidoe Here
https://youtu.be/ieJFwSwoPwQ
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
About Livewire
LiveWire Ergogenics, Inc. (LVVV) specializes in identifying
and monetizing current and future trends in the human and
veterinarian 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 verification of zero pesticide products for
quality brands via its “7X Pure” Cannabis 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.
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 current or future operations and
the development, regulatory approvals and commercialization of the
Company’s products, systems and services. Such forward-looking
statements are not meant to predict or guarantee actual results and
performance, specific 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 properties and
products, the impact of significant new or changing government
regulation in the industry, existing or increased competition,
results of arbitration and litigation, stock volatility and
illiquidity, and the Company’s inability to generate sufficient
revenues and profits, or 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.
LIVEWIRE ERGOGENICS INC.
1600 North Kraemer Blvd.
Anaheim, CA 92806
714-740-5144
www.livewireergogenics.com
info@livewireergogenics.com
INVESTOR CONTACT
Brian Barnes
EquiNet, LLC
Toll free: 877-964-6463
Direct: 858-264-6500
MARKET AWARENESS
Stockwatchindex, LLC
www.stockwatchindex.com
info@stockwatchindex.com
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