Limitless Venture acquires 100% of cannabis grow operations and facility in Oklahoma

Dec. 07, 2021 9:25 AM ETLimitless Venture Group Inc. (LVGI)By: Pranav Ghumatkar, SA News Editor
  • Limitless Venture Group (OTCPK:LVGI) has signed an LOI to acquire 100% of an Oklahoma operating grow facility with both Indoor and outdoor operations, exclusive to LVGI for 60 days from the signing of the LOI.
  • Additionally, they currently have ~400 plants growing indoors and expect to harvest them this month.
  • With the current levels of operations, LVGI surmises there is an ability to grow 1.5 to 2 outdoor harvests. Using the current production numbers that would yield around 1.8K to 2.4K pounds of cannabis annually outdoors.
  • With a saleable low price range of around $1K/pound, LVGI's first year of outdoor production, if all goes well, could be worth between $1.8M and $2.4M.
  • "Our institutional investor has already given LVGI a strong indication of interest in assisting with the financing of this acquisition and is planning a trip to Oklahoma in the very near future to view the property first-hand." states Joseph Francella, CEO.

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