The cannabis sector may have had some tough times over the past year or so, but there remains considerable promise nonetheless, and investors are still likely to keep an eye on some of the stocks. One of the companies that could be worth looking into at this point is LiveWire Ergogenics Inc. (OTC: LVVV). The company is involved in the management, acquisition, leasing, and licensing of special-purpose real estate assets.
The real estate properties are especially meant for the production of sun-grown and high-quality specialty cannabis products for both recreational and medical use in California. The Chief Executive Officer of the company, Bill Hodson, issued a letter in which he laid out the growth plans for the company in 2024. He acknowledged that the past few years had been difficult for the company and the sector at large.
However, he also stated that in any new sector, chaos brings opportunities. LiveWire Ergogenics had been distinct from many of the other companies in the cannabis space because of its commitment to executive management and developing a unique and well-crafted business model with considerable care for costs. Hodson went on to state that the management had primed the company to be profitable and successful in the long run. He went on to note that although the sector had been under pressure due to considerable challenges and financial losses over the past few years, there were certain key positives.
Hodson stated that experts agreed that the long-term future of the cannabis market in the United States remained bright owing to the expectation of considerable growth brought about by ever-increasing innovation. Eventual success would also depend on having a cost-effective operation and navigating the regulatory landscape. Hodson noted that LiveWire Ergogenics was intent on doing both for long-term success.
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