Live Verdure Ltd (ASX:LV1)

Company: LiveVerdure
ASX Ticker: ASX:LV1
Sector: Technology / A.I

Live Verdure Market Update

Live Verdure Ltd (ASX:LV1) has had a stellar run on the ASX over recent weeks. In early September, LV1 announced that it had received firm commitments to raise $A1.68 million from existing sophisticated and professional shareholders to accelerate growth and pursue M&A opportunities (the placement was completed on 15 September 2023). Over the past 30 days, LV1 has continued to make significant progress on a number of fronts and has released the following update to its shareholders.

M&A and Technology Partnership Assessments

LV1 continues to search for innovative strategies to set themselves apart and advance quickly in what is now a fiercely competitive world of eCommerce. Since the acquisition of Edible Beauty, Live Verdure has received and assessed an increased number of local and international inquiries regarding companies looking to be acquired by or partner with LV1.

These enquiries span a broad range of sectors within the health, wellness, and beauty industry, including some that incorporate ground-breaking technology into their offerings—for example, leveraging artificial intelligence to deliver human resource and digital marketing optimisations among other growth-driving solutions that would substantially boost existing LV1 brands.

AI technology in the healthcare sector has received a lot of attention in the last few months, Specifically Oddity. In mid July, Oddity which is an AI tech which creates personalised beauty products out of Israel, went public on the Nasdaq. The company is only 5 years old and has a current market capitalisation of US$1.65B. Currently there are no AI tech based beauty products listed on the ASX so if LV1 can move into this space, they can have a first mover advantage.

The other advantage LV1 has, is it has a range of long established and successful products. The company would have thousands of data points which they could feed into a machine learning program to better identify products that customers would be interested in buying. With a focus on cost reduction and a potential increase in revenue if they are able to acquire an AI tech, turning the company into a profitable state would be a game changer.