(MENAFN - Baystreet.ca) Livewire Ergogenics Inc (OTC:LVVV) threw a charge into small-cap financial markets Thursday by filing its second-quarter 2019 Financial Report with OTC Markets.
LiveWire, through its subsidiary GHC Ventures, generated $371,876 in revenue, a significant improvement over the same period last year. The increase in revenue of over 2,000% is a result of State licensed Distribution and Nursery operations in California. General and Administrative costs increased slightly to $176,571.
CEO Bill Hodson told investors, 'To continue this path of aggressively increasing revenues, we have substantially expanded the operation of our subsidiary, GHC Ventures, and have implemented an all-encompassing software tracking system to capture all transactions.
"The system allows us to track and trace every transaction and comply with California State and tax authorities' rules and regulations that come along with this growing industry.
Livewire specializes in identifying and monetizing current and future trends in the human and veterinarian health and wellness industry.
Shares in the company took the elevator to the penthouse, rising 42-100ths of a cent, or 32.3%, to 1.72 cents, on volume of 1.7 million shares.