Livewire Ergogenics Applauds President Biden's Announcement for Cannabis Reforms and his Requests for a Classification Review — Marijuana Stocks Go on a Wild Ride

Paso Robles - October 10, 2022 - On Thursday, President Joe Biden announced a sweeping directive that would grant a pardon under Federal law for simple cannabis possession. This is the first significant step on the path to change the longstanding and antiquated Federal cannabis laws and the classification of the plant as a Schedule 1 substance. He has directed lawmakers to review the classification, recognize the real value of cannabis as a medicine and bring the laws in sync with the 32 States that already have made cannabis legal in some form.
 

 
The President is using his executive power to advance criminal and racial justice and taking a massive step toward cannabis justice. He calls on the Governors of all States to join him in his actions and do the same in every State across the Country. According to the latest Gallup poll, approximately 42% of Americans live in States that have legalized marijuana in some form, and more than 68 percent of Americans support legalizing marijuana Nationwide.
 
Based on the news, shares in many of the listed cannabis stocks went wild over the last two days of the week. Larger companies like Tilray (TLRY) rose 39%, Glasshouse (GLASF) 39%, Acreage Holdings (ACRHF) 62%, Cronos (CRON) 18%, and Innovative Industrial Properties (IIPR) rose 4.5% on Thursday only to give back much of the gains on Friday. Livewire (LVVV) stock rose 8.5% on Thursday, held steady on Friday without giving back any gains, and went up another 5.5% on Monday morning.
 
The California Department of Cannabis Control believes that this is an essential step on the way to protection for consumers, youth, and the environment, expansion of public health programs, funding to accelerate cannabis research, and intentional reinvestment into communities. California has always led the Nation in pursuing the improvement of regulatory approaches for equity, sustainability, and safety advancement. The Department of Cannabis Control works collaboratively with partners across the Country and through the national Cannabis Regulators Association (CANNRA) to share best practices that benefit all Californians.
 
Bill Hodson, President of Livewire Ergogenics, Inc states, "Our team at Livewire, stands with the Department of California Cannabis Control and applauds the President's courage and this major move towards justice for the cannabis industry. From the beginning, we have positioned our operation at Estrella Ranch in Paso Robles so that we will benefit from this significant development, which will hopefully accelerate the inevitable Federal legalization altogether. This move will stabilize the turbulent cannabis market, especially here in California. It will allow legally operating, well-managed, and structured cannabis companies to conduct business on a competitive and solid business platform to produce a solid return on investment for its investors."
 
The Livewire Estate Grown Weedery™ Project
Estrella Ranch is a historic ranch property in Paso Robles, the center of California wine country. Through its subsidiary Estrella Ranch Partners, the Company has begun transforming this stunning property into the world's first "Estate Grown Weedery," developing it into a facility to cultivate high-end organic sun-grown cannabis products and eventually the ultimate Cannabis destination. Estrella Ranch is considered the gem of the California Central Coast, located near Paso Robles and Santa Barbara, halfway between Los Angeles and San Francisco, and surrounded by hundreds of world-renown wine yards. The Estrella Ranch location is the central hub for all Livewire operations in California. Livewire runs an economically prudent cannabis operation with an advantageous operational structure, sharing resources as needed between its subsidiaries and affiliate companies at its locations at Estrella Ranch in Paso Robles, Humboldt, and Santa Cruz. Livewire continues to expand its operations focused on the cost-effective production of the best quality cannabis in California while generating the smallest possible carbon footprint and using as few of California's energy resources as possible.
 
The Livewire Estate Grown Weedery™ Project
Estrella Ranch is a historic ranch property in Paso Robles, the center of California wine country. Through its subsidiary Estrella Ranch Partners, the Company has begun transforming this stunning property into the world's first "Estate Grown Weedery," developing it into a facility to cultivate high-end organic sun-grown cannabis products and eventually the ultimate Cannabis destination. Estrella Ranch is considered the gem of the California Central Coast, located near Paso Robles and Santa Barbara, halfway between Los Angeles and San Francisco, and surrounded by hundreds of world-renown wine yards. The Estrella Ranch location is the central hub for all Livewire operations in California. Livewire runs an economically prudent cannabis operation with an advantageous operational structure, sharing resources as needed between its subsidiaries and affiliate companies at its locations at Estrella Ranch in Paso Robles, Humboldt, and Santa Cruz. Livewire continues to expand its operations focused on the cost-effective production of the best quality cannabis in California while generating the smallest possible carbon footprint and using as few of California's energy resources as possible.

About LiveWire Ergogenics Inc.
The Company focuses on acquiring, managing, and licensing well-qualified cannabis real estate locations to establish fully compliant and permitted facilities to produce cannabis-based products and establish relationships for the state-wide distribution of these products in California. This includes developing and licensing high-quality organic cannabinoid-based products and services and creating the high-quality "Estrella Grown Weedery™" brand via its affiliate companies Estrella Ranch Partners and Estrella River Farms. LiveWire Ergogenics does not produce, sell, or distribute products that violate the United States Controlled Substances Act. For more information about LiveWire Ergogenics, visit www.livewireergogenics.com. For non-material updates, follow LiveWire Ergogenics on Twitter @livewireLVVV, or go to www.stockwatchindex.com/livewire-ergogenics.
 
Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or the Company's future performance. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should carefully review various risks and uncertainties identified in this release, the Company's Social Media postings, and matters set in the Company's SEC filings. These risks and uncertainties could cause the Company's actual results to differ materially from those indicated in the forward-looking statements.
 
LIVEWIRE ERGOGENICS, INC
1600 North Kraemer Blvd.
Anaheim, CA 92806
714-740-5144
www.livewireergogenics.com
info@livewireergogenics.com
MARKET AWARENESS
Stockwatchindex, LLC
442-287-8059
www.stockwatchindex.com
info@stockwatchindex.com
LIVEWIRE INVESTOR RELATIONS
Tristan Cavato
(805) 835-2415
ir@livewireergogenics.com info@livewireergogenics.com

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