WCVC Illegal Burger Cannabis Edibles Franchises Set to Gobble Up Market Share of Fast Casual Dining
June 13 2019 - 9:00AM
InvestorsHub NewsWire
Denver, Co -- June 13, 2019 -- InvestorsHub
NewsWire -- West Coast Venture Group, Corp. (OTCBB:
WCVC) (“WCVC”), the owner and operator of Illegal Burger, today
released a shareholder update to include management’s outlook and
strategy on their conventional restaurant operations and new
cannabis infused menu approach, the entirety of which is included
below:
Summary
- Cannabis industry is red hot and CBD edibles
market is projected at $4.1 Billion in
2022.
- Fast Casual Dining market is $780 billion and
steadily growing with insatiable appetite for new foods such as CBD
edibles.
- Of
650 Chefs surveyed at the American Culinary Federation,
75% said cannabis infused foods will be the hottest trend starting
in 2019.
- West Coast Ventures Group Illegal Burger and
Mexican Food Cannabis Edibles Franchises in Colorado are new and
growing fast with over $3 million in new sales and pointing sharply
higher.
- Illegal Burger’s ultra-fast franchise model is
delivering fully operating restaurants in only 90 days from lease
signing and is now selling in 39 states with plans for expansion to
all states.
- With share price of $.052 and total market cap
of only $2.3 million, WCVC shares are highly undervalued creating
excellent entry point. Only 47 million shares outstanding with
float under 28 million. Market comps based on sales indicate
fair value today is over $.25 but based on growth model, price
could see much higher prices soon.
Investment
Overview
West Coast Ventures Group (OTC: WCVC) has
developed and launched a unique new franchise model aimed at the
$780 billion Fast Casual Dining Market that offers the hottest new
trend in foods which is CBD edibles. The Fast Casual Dining market
is highly competitive and has a big appetite for hot new
trends. WCVC is so far undiscovered by investors, but the
word of their success is getting out and valuations are likely to
soon reflect their strong growth and expectations for immense
success. Management recently published a letter to shareholders
that best explains their rapid success;
“WCVC Puts
Illegal Brands into Context and Hints at Exciting New Plans in Open
Letter to
Shareholders.”
Dear
Shareholders,
I would like
to begin by thanking you all for joining us on the incredible
journey we've embarked on. We would never be where we are today
without your support and confidence, and I trust that this letter
will demonstrate that your trust in our company has been well
placed.
This update
will focus on the successes of the company to date. It will also
outline an exciting strategy that I believe will set our company
apart as the most innovative restaurant stock in
America.
A strong
2018
We had a
really strong 2018. During the course of the year, we
earned $3,054,623 in revenue and saw consistent
year-over-year growth. Preliminary data suggests that this trend
will continue throughout
2019.
Quarter 1 of
2019 already saw incredible year-over-year revenue growth of 21.55%
in what is one of our traditionally slow quarters. If we are able
to replicate this success during summer - when we can utilize our
outdoor patio seating - we expect to have a breakthrough
year.
Franchising
Boom
We are now
able to sell franchises in 31 states across the USA. This is a
big boon for us, and we fully intend to expand our franchise
footprint nationwide. We are currently evaluating the timing for
filings in the other 19
states.
These new
developments will allow us to grow our franchise model and help
raise brand recognition rapidly across America while building a
true community around our restaurants, in particular the Illegal
Burger and other Illegal Brands
restaurants.
Illegal Burger Restaurants see
success
Two of our
flagship Illegal Burger restaurants have already seen incredible
success. The IB CitiSet is on pace to exceed $700,000 in
sales in its first full year of operations. This has vastly
exceeded all expectations and it demonstrates the power of the
Illegal Burger brand.
The IB Writer
Square, located in Downtown Denver, is also on pace to
exceed $1 million in sales this
year.
Illegal Brands
CBD
While we are -
at our heart - a restaurant company, I strongly believe that we are
entering a point where the synergy between the food & beverage
sector and CBD has not only become undeniable but also represents a
key competitive business and branding
advantage.
As many of you
are aware, the United States recently passed the Farm
Bill, which is the first step towards the legalization of CBD on a
federal level. We are already positioning ourselves to be at the
forefront of this shift by becoming the first bona-fide CBD
restaurant company.
The first step
in our groundbreaking strategy is the Illegal Burger restaurant
concept. We have carefully cultivated an iconic brand that is
deeply rooted in health, quality food, and local ingredients. This
provides the perfect ecosystem for Illegal Brands' pivot into the
CBD space.
https://www.youtube.com/watch?v=Fe1ulb08VHs&feature=youtu.be
We previously
announced our first CBD burger bowl and have launched the very
first CBD-infused food menu. We were also the first publicly-traded
American restaurant to do
so.
Our plans for future
growth
We have put
serious thought into our new CBD strategy and plan to leverage the
full potential that the CBD industry affords us. We believe that
our existing reputation as a restaurant brand with a focus on
quality, community, and health, is a perfect match for CBD
consumers. We also firmly believe in the health benefits of CBD
after seeing how it has transformed the life of my son as well as
how it helped me personally.
Through iconic
brands like Illegal Burger, we are in a unique position to educate
our customers about the benefits of CBD while still offering great
food at affordable prices in the fast casual dining
scene.
Over the
coming weeks, we will be laying out our strategy in full via a
series of press releases. We plan to provide another comprehensive
update of our strategy in June, along with some news that we are
incredibly excited to share with
you.
We look
forward to taking this journey together over the coming months and
years.
Kind
regards,
Jim
Nixon
Market Comparisons indicate WCVC is highly
undervalued
Sales and
share price of 7 fast food companies were analyzed and compared to
West Coast Ventures Group. Results indicate that West Coast
Ventures Group should be trading at over $.20 rather than the
current $.05. The reason for the undervaluation is clearly a
problem of lack of investor awareness. Once the financial
community becomes more familiar with WCVC, the price and trading
volume are projected to increase
substantially.
It is
important to also note that the indicated $.20 market comp price,
is expected to be substantially higher than conventional
restaurants because WCVC growth from CBD edibles has the potential
to be several orders of magnitude higher than simply being a fast
food enterprise. West Coast Ventures Group owns the
fast-growing “Illegal Burger” franchise chain and the Mexican
Restaurant chain , “El Senor Sol” that are pioneers in the cannabis
edibles industry and is positioned to garner a substantial market
share in a booming industry.
Company
Sales
Market Cap
Shake Shack
(SHAK)
$492,000,000
$2,370,000,000
FAT Brands
(FAT)
$19,000,000
$48,000,000
Jack in the
Box (JACK)
$872,000,000
$2,230,000,000
Wendy’s
(WEN)
$1,300,000,000
$4,600,000,000
Rave
Restaurant Group
$12,000,000
$44,000,000
Dunkin’Brands
(DNKN)
$1,340,000,000
$6,500,000,000
Chipotle
(CMG)
$5,000,000,000
$19,600,000,000
TOTAL
$9,035,000,000
$35,392,000,000
The average
share price ratio to sales for this group is 3.91 to
1.
WCVC reported
2018 sales of $3,054,623. The current ratio of 3.91 times
$3,054,623 equals a fair market comp price for WCVC of slightly
over $.20 and does not give any weight to the fact that they are a
new venture with an unsaturated high growth market. We will save
forecasting price projections for those better suited to the task,
but for now it is clear that WCVC shares are an exceptional bargain
at anything under $.20.
About West Coast Ventures Group
Corp.
Based
in Denver, Colo., West Coast Ventures Group Corp.
(WCVC) develops, owns and operates two contemporary
restaurant concepts: Illegal Burger, a quick-casual burger + bar
concept, and El Señor Sol, a full-service fresh Mexican restaurant
(6 total restaurant locations in the Denver,
Colorado area). Led by seasoned restaurant entrepreneurs, WCVC
management is committed to scaling both modern sustainable concepts
into national franchise models operating metro-styled restaurants
serving only the finest and freshest natural
ingredients.
Forward-Looking
Statements
This document
may contain forward-looking statements, relating to West Coast
Ventures Group Corp operations or to the environment in which it
operates, which are based on West Coast Ventures Group Corp
operations, estimates, forecasts and projections. These statements
are not guarantees of future performance and involve risks and
uncertainties that are difficult to predict, and/or are beyond West
Coast Ventures Group Corp control. A number of important factors
could cause actual outcomes and results to differ materially from
those expressed in these forward-looking statements. Consequently,
readers should not place any undue reliance on such forward-looking
statements. West Coast Ventures Group Corp disclaims any intention
or obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or
otherwise.
Jim
Nixon
CEO West Coast
Ventures Group, Corp.
+1(303)423-1300
info@illegalburger.com
https://www.westcoastventuresgroupcorp.com/
https://www.illegalburger.com/