The project proposed by Estrella River Farms to operate on Estrella Ranch has been approved by the Planning Commission for being consistent with the San Luis Obispo County General Plan. The Company’s cannabis outdoor cultivation represents an allowed use and is consistent with all General Plan policies and as conditioned satisfies all applicable provisions of Title 22 of the County Code.
Bill Hodson, CEO of LiveWire Ergogenics states, “With this crucial step in an 18-month application process for the approval of a Land Use Permit of our Estrella Ranch “Estate Grown Weedery” project completed, we have now reached one of the most significant milestones in the development of our company. Our team of experts has successfully maneuvered the maze of environmental and legal rules and regulations in California and we are looking forward to beginning operations subject to the conditions of the permit and immediately following State approval. This is the culmination of our efforts, to design and operate, in cooperation with QDG Agricultural, the world’s first Estate Grown Weedery as the ultimate cannabis operation in California.”
LiveWire considers Estrella Ranch to be the most beautiful piece of property in the heart of California’s wine country, surrounded by hundreds of world-renown vineyards, and the envy of any cannabis portfolio. This first acquisition is a crucial step towards successfully establishing a unique and sustainable cannabis business model that can produce significant and sustainable revenues and profits in an increasingly competitive environment. The ideal location, microclimate, and large production capacity of this unique facility in combination with the underlying revenue-sharing business model, is expected to generate a solid return of investment for LiveWire’s shareholders for years to come. Additional production sites and strategic alliances and/or partnerships will be established in the years to come.
