re: Let’s talk weed stocks in this thread

They just got their tax permit to accompany their distribution license and have 3 distribution agreements in place so far, so that aspect of the company should start generating revenue now.

Yes. Everything seems to happen a month or two later than expected, but the good news is that it is all happening and falling into place. Their distribution license is temporary because they all are - California hasn’t started issuing long term licenses yet. It was originally due to expire in February I think, but they already got an extension through August of 2019. Things are looking good.

They are probably getting started with that now. While they got the state distribution license in October (which caused the spike to .06), they just got the Cali tax permit around Dec. 17, and the distributor is in charge of collection and remittance of the cultivation and excise taxes. I’m guessing they couldn’t start until they had that tax permit. I wish CEO Bill would communicate with shareholders more - that’s the biggest issue with LVVV right now imo. But many think he has been slow playing this until the uplisting and will release a lot more info, PRs, tweets, etc. after that is official.

Regarding Monday’s tweet with the plants in the pod, that may be related to distribution already in progress. I don’t think they can be growing clones in that Coachella pod until they get the state cultivation license (though they already have the Coachella cultivation permit). But the distributor is also responsible for coordinating third party testing, labeling, tracking, etc. for whatever they are distributing. So that may be related to the plants in the pod. Remember that Livewire also has their proprietary 7x Pure Dosage and Verification System with blockchain technology.

And keep in mind too that they also have another location with a fully operational greenhouse full of mother plants that they are leasing to a non-profit organization until all the licensing is in place (and have over 160 different strains). So they will hit the ground running when they complete the licensing at Paso Robles.

Should be a pretty good day for LVVV...TigrrrDad called it with slow playing the news until the new year.

LINK

quote:

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LiveWire Ergogenics, Inc. ( LVVV Loading... Loading... ) announced today that its subsidiary GHC Ventures has been granted a Cultivation License from CalCannabis, a division of the California Department of Food and Agriculture to begin production in its high-tech Nursery Pod facility in Coachella, California. LiveWire Ergogenics, Inc. ( LVVV Loading... Loading... ) is a company focused on the acquisition, licensing and management of special-purpose real estate properties and the development of compliant turnkey production facilities for licensed cannabis-based operations

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BOOM!

You beat me to it!

What I love about the Coachella license hitting first is that it will quickly generate revenue to help Livewire build out the huge nursery in Paso Robles when we get that permit on Jan. 18. Should be full steam ahead from here on.

full article

Good move. They’ll look cheap in hindsight.

That PR release is just what we needed to hear. 2019 starting off with a BOOM

Rowbear, I’d hit the ask and grab whatever you can while it is in the 3s, bud.
Over half my shares were in the 4s. With this and the upcoming Paso Robles news, you know we’re seeing 6s again easily.

I’m still on hold on my TD account. Just steady watching this thing climb from .015 to .033. Pretty frustrating to watch.