WCVC Cannabis Edibles Stock Undervalued At $0.07 With Comparable At $0.20
June 14 2019 - 10:12AM
InvestorsHub NewsWire
WCVC Cannabis Edibles Stock
Undervalued At $0.07 With Comparable At $0.20
June 14, 2019 -- InvestorsHub NewsWire --
via www.nextbigticker.com --
Yesterday, West Coast Venture Group, Corp. (OTCBB:
WCVC) published a shareholder letter in a press release that
included conventional restaurant comparable valuations. WCVC
is the owner and operator of Illegal Burger operating in cannabis
friendly Colorado and introducing their very own cannabis infused
menu. WCVC is a fully reporting company with audited
financials reporting over $3 million in annual revenue. On
conventional market comparable valuations alone, WCVC can support a
$0.20 PPS. Mix in the cannabis valuation factor and that PPS
could go much higher.
Market Comparable Valuation Segment From WCVC
News Published Yesterday
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.
So far WCVC’s
cannabis infused menu has been focused on CBD infusions. WCVC
has been experimenting and exploring cannabis infused menu items,
the resale of other cannabis infused products such as EVERx CBC
Sports Water from Puration, Inc . (PURA)
and an ongoing partnership with North American Cannabis Holdings,
Inc. (USMJ)
to introduce a Cannabis Themed Food Truck targeting dispensary
parking lots.
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