CannabisNewsBreaks – LiveWire Ergogenics Inc. (LVVV) Achieves 935% YoY Revenue Increase in Q3 2019
Dec 20, 2019
LiveWire Ergogenics (OTC: LVVV) recently reported considerable net income increases during Q3 2019, including impressive year-over-year (“YoY”) revenue growth. An article discussing the results reads, “These figures, along with its emphasis on both producing and distributing world-class cannabis throughout the state of California, illuminate the company’s unique positioning in the ever-evolving cannabis industry. . . . In its report, the company noted a 935% boom in revenues, reaching $184,200 for Q3 2019 from $17,790 the same period the prior year (http://cnw.fm/SkM8a). For the 2019 quarter — the three months ended September 30 — LVVV showed a net income of $94,749 compared to a loss of $1,717,712 reported for the comparable period in 2018. Additionally, the company reported a gross profit of $177,240 in the 2019 quarter compared to a loss of $27,119 for the same period in 2018. The company has also improved its balance sheet, showing current assets of $3,081,048 and exceeding current liabilities by $539,570 as of September 30, 2019.”
To view the full article, visit http://cnw.fm/Xxq3i
About LiveWire Ergogenics Inc.
LiveWire Ergogenics specializes in identifying and monetizing current and future trends in the human and veterinary health and wellness industry. The company is focused on acquiring, managing and licensing specialized closed-loop, turnkey, cannabis real-estate locations of fully compliant and permitted facilities to produce cannabis-based products and services in California, along with the statewide distribution of these products. This includes verification of zero-pesticide products for quality brands via its 7X Pure Cannabis Verification System; the development, licensing and distribution of legal and high-quality cannabinoid-based products and services; and the creation of the high-quality Estrella Weedery brand. LiveWire Ergogenics does not produce, sell or distribute products that are in violation of the United States Controlled Substance Act.
NOTE TO INVESTORS: The latest news and updates relating to LVVV are available in the company’s newsroom at http://cnw.fm/LVVV
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