- LiveWire
collaborates with Basso Botanicals to launch new cannabis, cannabis/CBD
dosage and verification system
- LVVV
system improves transparency of cannabis industry by giving consumers,
business, municipalities ability to verify product standards
- System
makes it easier for growers, manufacturers and retailers to comply with
increasingly strict industry requirements
LiveWire
Ergogenics Inc. (OTC: LVVV), a health and wellness company that has taken
unique and bold steps forward in the cannabis industry, recently announced the
launch of a cannabis testing and verification system that can be used to verify
potency, materials of origin, dosages and more. The system is called the 7X
Pure Compliance and Dosage Verification System (http://ibn.fm/Bp0GD). In launching the new system, LiveWire
partnered with Basso Botanicals, an experienced company that has been devoted
for years to provide CBD and cannabis products of the highest quality.
The 7X Pure Verification System was first used to put Basso
Botanicals’ 725 mg Peppermint Tincture to the test (http://ibn.fm/WcW4B). This 15ml
bottle passed the stringent testing of LiveWire’s new system, making it the
first 7X Pure product to hit the California cannabis/CBD market. In a news
release, LiveWire CEO Bill Hodson said that the company is “pleased that
Basso’s Peppermint Tincture will be the first product being marketed nationwide
after having passed through the rigorous 7X Pure verification system.”
Basso Botanicals plans to use LVVV’s 7X Pure Verification
System to vet all of its products so that the company can deliver fully transparent,
precise, high-quality CBD and cannabis product analysis to its customers. Basso
Botanicals plans to complete this process within the year. The next Basso
Botanicals 7X Pure product, a 150 mg topical, is set to launch in January 2020.
LiveWire is “looking forward to making the 7X Pure system
available to manufacturers in the entire industry, creating the opportunity to
increase transparency and accountability throughout the supply chain with the
goal to improve product quality and reliability and increase consumer
confidence in their product purchase decisions,” according to Hodson.
The 7X Pure Verification System also makes it easier for
those that grow and manufacture cannabis and CBD products to meet evolving
compliance requirements. On top of this, the system provides increased
assurance to all those involved in the cannabis industry, including
municipalities, by simply scanning the product’s QR code, which takes the user
to a website in order to verify the detailed product claims and test results and
display the verification certificate.
Manufacturers that want to comply with the 7X Pure
verification standard will need to submit documentation as well as a sample of
their cannabis or CBD products. This information will be stored in an
electronic database and then vetted to make sure that the 7X Pure standards
have been met. Once products meet all 7X Pure standards, a verification
certificate is issued. A QR code will then be placed on products, which
consumers, businesses and others can scan with their mobile phones to access
pertinent product data and confirm products are 7X Pure verified. Throughout
the process, LiveWire will ensure that the intellectual property of the growers
and manufacturers remains fully confidential.
Dale Hall, founder and CEO of Basso Botanicals, is pleased
with the recent partnership formed with LiveWire as both companies work toward
establishing and administering the new 7X system. He noted that Basso
Botanicals has contributed its wealth of experience in the cannabis and CBD
markets to help make “7X Pure the gold standard in the industry for the benefit
of all cannabis customers.”
LiveWire Ergogenics specializes in identifying and
monetizing current and future trends in the health and wellness industry. The
company is focused on acquiring, managing and licensing specialized
closed-loop, turnkey, cannabis, real-estate locations of fully compliant and
permitted turnkey facilities to produce cannabis-based products and services in
California and the statewide distribution of these products.
For more information, visit the company’s website at www.LiveWireErgogenics.com
NOTE TO INVESTORS: The latest news and updates
relating to LVVV are available in the company’s newsroom at http://ibn.fm/LVVV
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