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LiveWell Canada Inc (CVE:LVWL) Strategic Canopy Rivers Inc (CVE:RIV) Investment

1,079 views · Published 12 October 2018 · 13:22 · Indexed 21 October 2026

Channel: Midas Letter · 2018 · News & Politics

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LiveWell Canada Inc (CVE:LVWL) (OTCMKTS:LXLLF) President David Rendimonti shares that the company has completed its 60,000 square foot buildout at its Ottawa facility, of which 21,000 is grow space.  LiveWell has secured 1,000 acres of hemp supply to process 25,000 kilograms of CBD. Rendimonti sees an opportunity for the cannabis sector when it comes to extending the shelf life of CBD and THC infused beverages and edibles, but acknowledges it requires good research and development as well as good partnerships in other industries to find solutions. Rendimonti believes education and research are essential to the growing acceptance of the health benefits and safety of CBD, but argues that the industry needs to move away from anecdotal evidence to more rigorous research. Canopy Rivers Inc (CVE:RIV) is an 11 percent shareholder of LiveWell and the partnership also provides LiveWell with institutional knowledge from Canopy’s vast production experience.

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