LV1 - Live Verdure

[System]

Live Verdure Ltd is an Australian plant based food and nutraceutical company established in 2016 and based in Victoria. The Company currently focuses on Hemp as a source of protein. The Company sources high-quality hemp seeds for processing by third parties and then distributes its products online (through its own website and other affiliate websites) and via its nationwide distribution partners.

The Company currently has 22 products across its gourmet food and nutraceuticals ranges.

Live Verdure current focus is on its plant based food products and it has no immediate plans to acquire, label and market further skin care products, although it may choose to do so at a later point in time.

It is anticipated that LV1 will list on the ASX during December 2020.

http://www.liveverdure.com.au/

 

[Dona Ferentes]

IPO in the last week, above the 20c price for a few days, but drifting lower, now 18.5c.
( ... always thought a hero protein could be a short lived thing? !)

Listing date	14th December 2020 10:30PM AEDT ##
Contact details	www.liveverdure.com.au/ Ph: +61 3 8630 3321
Principal Activities	Live Verdure is an Australian plant based food, nutraceutical and skin care company which owns fast growing hemp consumer brand "13 Seeds", with Tasmanian hemp as its hero protein.
GICS industry group	TBA
Issue Price	$0.20
Issue Type	Ordinary Fully Paid Shares
Security code	LV1
Capital to be Raised	$5,000,000
Expected offer close date	23 November 2020
Underwriter	Not underwritten. CPS Capital Group Pty Ltd (Lead Manager)

 

[Dona Ferentes]

growth plans

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- market cap under $20M
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Use of Funds
The funds raised will be used for working capital to deliver against new product development, fund working capital requirements for retail partnerships and to further accelerate the Company’s growth through investment in a range of sales and marketing initiatives. Proceeds from the issue will also enable the Company to further progress partnership discussions and conduct due diligence on prospective partnership and M&A opportunities.

Since the acquisition of Edible Beauty in 2022, Live Verdure has received an increased number of local and international inquiries regarding companies looking to be acquired by or partnering with LV1. These enquiries span a broad range of sectors within the complementary health, wellness, and beauty industry, including some that incorporate groundbreaking technology, or leverage artificial intelligence into their offerings in order to deliver human resource and digital marketing optimizations and other growth driving solutions to LV1 Brands.

As Live Verdure looks to the future, staying cognizant of retail trends and global developments, we are continuing to assess the enquiries for the right opportunity; one that will complement the existing brands, deliver top line growth whilst also raising the profit profile of the Company.
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... CEO out, as well
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nun the wiser. wonderful torture of the language, though.

 

[debtfree]

Quick Chart update as the price keeps going up. Looks like a tech/a trade.