LiveWire Ergogenics signs Letter of Intent with Alpha Creations
02 Août 2018 - 3:00PM
InvestorsHub NewsWire
Anaheim, CA --
August 2, 2018 -- InvestorsHub NewsWire -- LiveWire Ergogenics, Inc. (OTC: LVVV), a company
focused on product development, acquisition and management of
legal, fully controlled and contained turnkey production facilities
for cannabis-based products and services, announced today that it
has signed a Letter of Intent with Alpha Creations. Privately-held
Alpha Creations is a leading manufacturer of CBD-infused edibles
and extracts in the cannabis
industry.
The two companies plan
to complete the transactions described in the Letter of Intent
within 30 days. At that point LiveWire Ergogenics will be granted
worldwide distribution rights for all current and future Alpha
Creations products; acquire a minority interest in Alpha Creations
in an all-stock transaction; and be granted a seat on Alpha
Creations’ management team. In addition, a member of Alpha
Creations will be named to the LiveWire corporate Advisory
Board.
Both parties have
expressed a mutual interest in seeing all of these actions take
place.
The ultimate objective
of this agreement is for LiveWire to purchase 100% of Alpha
Creations. By starting with a minority position and acting as a
National Distributor, LiveWire will be able to conduct a thorough
due diligence before exercising that
option.
“Alpha Creations is the manufacturer of several
hemp and cannabis-infused product lines,” states LiveWire CEO Bill
Hodson. “While this National Distributorship will allow LiveWire to
generate some significant top line revenue, Alpha Creations fits
perfectly into LiveWire’s long-range plans.
“With our recent investment in Mohave Jane, a California state
licensed manufacturer with a high-volume extraction operation
delivering distilled oils, this sets up a perfect vertical for a
raw material supplier to Alpha. This manufacturing expertise will
help with LiveWire’s strain-specific testing on various ailments in
upcoming research studies. It is ideal for our plans to use our
unique cannabis strains to create white label brands for our
clients around the world. And it adds another product line to our
7X Pure Cannabis Compliance and Dosage Verification
System.”
Mike Plomgren, Founder and CEO of Alpha
Creations, adds, “LiveWire Ergogenics has assembled a very
impressive team and is executing on a solid strategy and plan. I am
excited about the prospect of us moving forward with LiveWire and
becoming an important part of their vertically-integrated system
and ultimate vision.”
For more information
about LiveWire Ergogenics, visit www.livewireergogenics.com,
follow LiveWire Ergogenics on Twitter @livewireLVVV, or download a
research report at https://stockwatchindex.com/livewire-ergogenics.
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.
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 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.
LIVEWIRE ERGOGENICS
INC.
1600 North Kraemer
Blvd.
Anaheim, CA
92806
714-740-5144
www.livewireergogenics.com
info@livewireergogenics.com
MARKET
AWARENESS
Stockwatchindex, LLC
www.stockwatchindex.com
info@stockwatchindex.com
INVESTOR
CONTACT
EquiNet,
LLC
Toll free:
877-964-6463
Direct:
858-264-6500
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