re: Let’s talk weed stocks in this thread

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Honest question - Are you guys looking at the financials filed with the SEC on these companies or going by the story and and trusting your gut?

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That's one reason the uplisting to OTCQB will be huge for Livewire - it requires a much greater level of transparency.

Financials aren't much help because most of these cannabis companies are penny stocks because they are essentially start-ups. Many are a long way from bringing in any real revenue, but we've seen cannabis companies hit over a billion market cap on pure speculation with no revenues.

For Livewire, I originally learned about it from my son's stock deal through sponsorship when they were an energy chew company. Then they made the transition to cannabis. So someone I knew who was in charge of the deal had direct contact with the CEO of the company. I took notice when the CEO told our contact when handing over the stock certificates that we'd all be future millionaires. The main due diligence I've done is just reading every single post for the past 6 months on the LVVV investor hub message board. So I've followed every PR, every twitter update, and a few guys on that message board email the CEO regularly and give updates on what is happening. So I've watched the things that were expected to happen 6 months ago come to fruition over time. It also helps that Jimmy Connors came onboard, and I can't help but think someone of his financial stature would do his own due diligence before attaching his name to the company. I'm just confident that Livewire has a very solid business plan and everything is falling into place like it should.

Their distribution license in itself is enough to establish a viable business.

Their 7x Pure blockchain tracking system (that Coachella is using) is enough to establish a viable business.

Their clone nursery in Paso Robles (once the permits/licenses are finalized) is enough to establish a viable business.

Their products (through their Sacred Biology and Alpha Creations acquisitions) are enough to establish a viable business.

So it's not like all their eggs are in one basket. Put all of these together and you have the potential for a blockbuster business. Even if a couple of those avenues fail miserably, they still have enough for a very solid company.