$LVVV LiveWire Ergogenics Reports Financial Result
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Posted On: 08/22/2023 10:33:02 AM
$LVVV LiveWire Ergogenics Reports Financial Results for Second Quarter 2023 Produces the 6th Consecutive Profitable Quarter
https://www.otcmarkets.com/otcapi/company/dns...08/content
Anaheim, CA, August 22, 2023 -- LiveWire Ergogenics Inc. (OTC: LVVV), a company focused on acquiring, managing, leasing, and licensing special purpose real estate properties and operations conducive to producing high-quality, handcrafted, and organically grown cannabis specialty products for medical and recreational adult-use, sun-grown in California, today announces financial results for the second quarter of the year ending June 30, 2023. This is the sixth consecutive profitable quarter after generating a net profit for the entire year of 2022.
Q2 2023 Financial Highlights
• Net Profit in Q2, 2023 was $230,924, an increase of 26% compared to Q2, 2022
• Sales in Q 2, 2023, amounted to $363,518, compared to $463,313 in Q2, 2022
• Assets increased to $7,007,986, an increase of $736,083 in Q2 2022
• Our Assets exceeded our Liabilities by $2,510,310.
Bill Hodson, CEO of LiveWire, states, “As cannabis consumers have become more educated and demand ever-increasing quality, taste, convenience, and efficacy, the “Estrella Weedery” branded and private label sun-grown specialty products, cultivated on Estrella Ranch in Paso Robles, are passionately focused on meeting these demands. During the development process of developing our beautiful Ranch into three initial acres of a high-quality cultivation area to grow the best sun-grown California cannabis, we have gathered an exceptional amount of priceless experience and assembled the best cultivation team in California to work the Estrella River Farms. LiveWire is ready to move into the next stage of performance as a public company in a complicated yet still very promising industry.”
Mr. Hodson continues, “Our strict implementation of a low-overhead, high-quality products, and highly efficient business model has now put us in a position for improving our financial performance, with most of the results generated during the 2nd quarter will still fall into the second half of 2023 for financial reporting purposes. Accordingly, we have high expectations for a strong performance in Q3 and Q4 of this year and an even better performance for all of 2024. We believe that our business model and the improving general market conditions represent a promising opportunity for experienced and somewhat risk-tolerant investors in the sector.
https://www.otcmarkets.com/otcapi/company/dns...08/content
Anaheim, CA, August 22, 2023 -- LiveWire Ergogenics Inc. (OTC: LVVV), a company focused on acquiring, managing, leasing, and licensing special purpose real estate properties and operations conducive to producing high-quality, handcrafted, and organically grown cannabis specialty products for medical and recreational adult-use, sun-grown in California, today announces financial results for the second quarter of the year ending June 30, 2023. This is the sixth consecutive profitable quarter after generating a net profit for the entire year of 2022.
Q2 2023 Financial Highlights
• Net Profit in Q2, 2023 was $230,924, an increase of 26% compared to Q2, 2022
• Sales in Q 2, 2023, amounted to $363,518, compared to $463,313 in Q2, 2022
• Assets increased to $7,007,986, an increase of $736,083 in Q2 2022
• Our Assets exceeded our Liabilities by $2,510,310.
Bill Hodson, CEO of LiveWire, states, “As cannabis consumers have become more educated and demand ever-increasing quality, taste, convenience, and efficacy, the “Estrella Weedery” branded and private label sun-grown specialty products, cultivated on Estrella Ranch in Paso Robles, are passionately focused on meeting these demands. During the development process of developing our beautiful Ranch into three initial acres of a high-quality cultivation area to grow the best sun-grown California cannabis, we have gathered an exceptional amount of priceless experience and assembled the best cultivation team in California to work the Estrella River Farms. LiveWire is ready to move into the next stage of performance as a public company in a complicated yet still very promising industry.”
Mr. Hodson continues, “Our strict implementation of a low-overhead, high-quality products, and highly efficient business model has now put us in a position for improving our financial performance, with most of the results generated during the 2nd quarter will still fall into the second half of 2023 for financial reporting purposes. Accordingly, we have high expectations for a strong performance in Q3 and Q4 of this year and an even better performance for all of 2024. We believe that our business model and the improving general market conditions represent a promising opportunity for experienced and somewhat risk-tolerant investors in the sector.
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