LiveWire Ergogenics Inc. announced that it has exercised its option and completed the acquisition of Makana Ola Farms in Humboldt, California. As earlier reported, in September 2021, LiveWire executed a Letter of Intent to acquire a five (5%) equity position of Makana Ola Farms with the option to acquire 100% of the Farm subject to meeting specific legal, licensing, and financial milestones. Now that Makana Ola has received its State license, is fully operational, and the due diligence process has been concluded, LiveWire has executed a definitive agreement to acquire 100% of Makana Ola.

The remaining 95% of Makana Ola has been acquired via a performance-based earn-out and will not require the issuance of any additional LiveWire common shares. This acquisition will add an exceptional cultivation facility to LiveWire's portfolio of carefully selected affiliates and subsidiaries dedicated to cultivating environmentally sustainable sun-grown and handcrafted cannabis. In addition, Livewire has entered into a marketing and management agreement with Makana Ola and will begin an aggressive marketing and branding campaign for the products grown at the Farm.

This will give the Makana Ola products access to the broad California distribution network that LiveWire has established with its affiliate companies.