Livewire Ergogenics Inc (OTCMKTS:LVVV) is one of the stock’s on our watch list that has kept on giving and in the process generated significant returns to investors. The stock has lived up to expectations, in line with our previous analysis, depicted by a 150% spike in share price over the past few weeks.The breathtaking rally follows the announcement that the company is set to leverage blockchain technology to advance its cannabis business. The company is doing exactly so, taking into consideration recent developments that have positioned it for further growth.LVVV Daily Chart The stock is currently trading at the $0.05 handle in a strong uptrend. Just as it has been the case for the better part of the year, pullbacks should act as buying opportunities as the stock continues to trade at record highs.A high turnover in the shares traded in the recent past is an indication that investors are slowly taking note of LiveWire Ergogenics growth prospects in the space.What Does LiveWire Ergogenics Do?LiveWire specializes in identifying and monetizing current and future trends in the health and wellness industry. The company is also engaged in the sale and marketing of energy chew products designed to provide energy, in a similar manner as energy drinks.In the recent past, the company has sought to diversify its holdings and operations with an eye on the cannabis space. The company is currently focused on the management of fully controlled and contained turnkey production facilities for cannabis-based products and services.In addition, it is eyeing research partnerships to explore the use of cannabinoid-based products for the treatment of various ailments and conditions affecting a huge population.Recent DevelopmentsA spike to highs of $0.05 follows the announcement that the company has obtained a cannabis cultivation/nursery permit for a production facility in Coachella California. The company plans to build its cultivation facilities in Coachella Brands property, which currently houses two extractors and a vape manufacturer.
“The focus of our goal is to become the premier provider of quality cannabis products and services in the burgeoning California market. We believe that compliance with the State law and all local ordinances, rules, and regulations is the key for any company in this sector to succeed and generate an exceptional ROI for its investors,” said CEO Bill Hodson.
What Next The permit is a milestone achievement that paves way for the company to propagate and cultivate the highest quality cannabis products. The permit will also allow the company to become a key player in the Coachella property, which is being developed into a cannabis showcase.The company is currently pursuing additional permits that will allow it to establish cannabis project throughout the state under its newly formed GHC Venture subsidiary. It is also planning to enter into joint ventures with licensed nurseries and cultivators to further strengthen its cannabis growing capabilities.Dosage Verifications system The Coachella permit authorizations come just weeks after the company announced plans to use blockchain technology to create a secure system for cannabis compliance and dosage verification. The announcement excited the market and as a result, saw investor push the stock up the charts.LiveWire Ergogenics has already unveiled the 7X Pure Cannabis Compliance and Dosage Verification System as it takes a head start in the leveraging of blockchain technology in the industry. The system is designed to provide third-party verification of cannabis material, origin, potency as well as purity and dosage labeling.The system can also be used to secure each cannabis product with a digital identity and an identifiable chain of custody. The hype that LiveWire Ergogenics is receiving does not come as a surprise given that the new system has the potential to protect intellectual property in the emerging industry.
“Marrying the security of blockchain technology with the many benefits of the 7X Pure verification system will, therefore, be a game-changer for the cannabis industry. Plus, manufacturers will appreciate the fact that they won’t have to learn new software, attend classes or click through endless PowerPoint presentations to participate,” said Mr. Hodson.
LiveWire Ergogenics 2018 Outlook Last year, LiveWire Ergogenics registered a 63% increase in revenues, a trend that is expected to continue this year as it moves to expand its footprint in California. The unveiling of the pure cannabis compliance a dosage verification system presents yet another opportunity for the company to strengthen and diversify its revenue streams.There is no doubt that the company is in the right direction when it comes to revenue generation expected to lead to cash flow and shareholder value in future. That said the company needs to start delivering positive results given that it generated ante loss of (-$4.2) million last year.For the company to continue spiking as it did in February it should make good use of its new blockchain technology system which many investors are paying close attention to.We will be updating our subscribers as soon as we know more. For the latest updates on LVVV, sign up below!Disclosure: We have no position in LVVV and have not been compensated for this article.
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