US (CA): Cultivation site receives final approval and California state license submittal

LiveWire Ergogenics has announced today that the customary fourteen day appeal period following the approval of the Minor Use Permit for outdoor cannabis cultivation by the San Luis Obispo Department of Planning and Building has concluded with no objections.

LiveWire’s affiliate company, Estrella River Farms received the Notice of Final Action for its land use application to establish over 130,000sf of canopy on its ranch property, considered to be the gem of the California Central Coast. The letter was received from the San Luis Obispo Planning Department stating that the Minor Use Application was approved based on the stated Findings and Conditions. The permit is now active and serves as the basis for the submittal to CalCannabis Cultivation Licensing.

Bill Hodson, CEO of LiveWire Ergogenics states, “After reviewing the Conditions of Approval at the County level, and without having received or stated any objections, we immediately filed for the required license with the State of California, to accelerate the start of our operation in the world’s largest cannabis market. Today we move closer to begin cultivation and distribution of our brand of handcrafted, organically grown cannabis from our farm, the world’s first ‘Estate Grown Weedery’. Our team can now begin to secure all other required licenses and commence with operation according to the guidelines of the County as soon as possible, and immediately following State approval.”

Mr. Hodson continues, “Successfully completing the rigorous County approval process not only increases the value of our investment in Estrella Ranch, but also demonstrates a crucial step in the execution of our business plan towards successfully establishing our unique and sustainable cannabis business model to produce significant and sustainable revenues and profits. The ideal location, microclimate, and large production capacity of our unique ranch facility, in combination with the underlying revenue-sharing business model that we have entered with our cultivation partner QDG Agricultural, is expected to generate a solid return of investment for LiveWire’s shareholders. Additional production sites and strategic alliances and/or partnerships will be established in an economically responsible way to further accelerate growth for years to come.”