LiveWire Ergogenics Inc. announced that it has signed a Letter of Intent to acquire a minority equity position in Makana Ola Farms located in Humboldt, California, with an option for a complete acquisition. The letter of Intent establishes a 4.99% equity position for Livewire Ergogenics with an option for additional equity ownership subject to certain legal, licensing, and financial milestones. The transaction requires the issuance of 10 Million restricted shares of Livewire Ergogenics transferrable upon final agreement of minority position.

This will add an exceptional cultivation facility to LiveWire's portfolio of carefully selected affiliate and subsidiary companies dedicated to cultivating environmentally sustainable sun-grown craft cannabis for distribution throughout California. Makana Ola Farms has completed its initial Humboldt County approval process and is in the final approval stage from the State, which will allow the farm to be in full operational mode shortly. Makana Ola Farms is a 40-acre parcel with a 9,900 sq ft cultivation area located in the heart of Humboldt County in California.

Humboldt County is synonymous with cannabis since cultivators with a strong passion for quality cannabis have grown there for many years.