Market Overview

LiveWire Ergogenics signs Letter of Intent with Alpha Creations

Share:

Anaheim, CA, Aug. 02, 2018 (GLOBE 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

Primary Logo

View Comments and Join the Discussion!