Cannabinoid products are ubiquitous in the health and wellness industries today. Many companies are consistently pushing their agendas to get involved with high-quality products to improve life performance. However, commercial cannabis companies must seek final approval from their respective counties. Estrella River Farms (“ERF”), a subsidiary of Livewire Ergogenics Inc. (OTCMKTS: LVVV) has just received final Approval to Operate from County San Luis Obispo, California.
In the past two years, the firm, which focuses on the licensing of special-purpose real estate, has had a difficult journey through the complex county and state compliance processes. Nevertheless, with the “Approval to Operate” letter, the company can now begin commercial cannabis cultivation.
Executing his long-term business plan.
Considered the crown jewel of California’s cannabis real estate, Estrella Ranch has changed hands from the King of Morocco to the eldest grandson of William Randolph Hearst. And the final confirmation is an incredible milestone, according to LiveWire CEO Bill Hodson.
“… the rigorous and costly application and evaluation process took about 20 months and its successful completion is the most important milestone to date in the implementation of our long-term business plan …” Hodson mentioned.
The dedication, teamwork, and craftsmanship were critical in facilitating the initial outdoor growing area of cannabis. The organically grown and handcrafted cannabis cultivation is carried out on a family-style farm on the Central Coast of California. One of the most beautiful surroundings, surrounded by hundreds of the country’s world-class wineries.
Meanwhile, LiveWire continues to take responsibility for its strategy of accelerating growth while generating income and profits for its shareholders. In other news, the company says it successfully completed its fully subscribed Regulation A offering. The closure was due to the company’s strong participation, which resulted in the maximum bid amount being reached.
The company will use the raised funds to accelerate the development of the Estrella Ranch project.