WCVC - Restaurant Chain Entering Cannabis Sector With PPS Triple Potential Boosted By Colorado Reaching $1B In Marijuana Sales
June 18 2019 - 10:27AM
InvestorsHub NewsWire
WCVC - Restaurant Chain Entering
Cannabis Sector With PPS Triple Potential Boosted By Colorado
Reaching $1B In Marijuana Sales
June 18, 2019 -- InvestorsHub NewsWire --
via www.nextbigticker.com -- West
Coast Venture Group, Corp. (OTCBB:
WCVC) is the owner and operator of Illegal Burger operating in
Colorado and recently introducing their very own cannabis infused
menu. WCVC’s PPS is currently ranging from $0.06 to $0.07 and
the company has recently published conventional (not including
cannabis sector valuations) restaurant market comparable valuations
showing WCVC can support a $0.20 PPS. With the cannabis business
direction, WCVC’s valuation could potentially go much higher.
Being headquartered in Colorado, WCVC’s growing momentum could also
be additionally fueled by Colorado’s recent announcement about
reaching $1 billion in marijuana sales since legalizing
recreational use.
WCVC is a fully reporting company with audited
financials reporting over $3 million in annual
revenue.
Short Squeeze Could
Fuel PPS Momentum For WCVC And Other Cannabis
Stocks
Like many micro-cap
cannabis sector stocks at the moment, WCVC has been shorted.
Short sellers seemed to have anticipated a better short sale
environment after the recent FDA meeting. In spite of their
best laid plans for shorting FDA non-committal news, cannabis
sector stocks, particularly CBD stocks have remained strong.
Short sellers have been doubling down to try and keep prices from
going up while they attempt to cover, but the short inventories are
starting to get to high, and a buy-in is looming. Puration,
Inc. (PURA),
Kaly, Inc. (KALY)
and North American Cannabis Holdings, Inc. (USMJ)
are other micro-cap cannabis sector stocks that have been shorted
and now have looming buy-in potential that could fuel PPS
momentum.
Disclaimer:
NextBigTicker.com (NBT)is a third party
publisher and news dissemination service provider. NBT is NOT
affiliated in any manner with any company mentioned herein. NBT is
news dissemination solutions provider and are NOT a registered
broker/dealer/analyst/adviser, holds no investment licenses and may
NOT sell, offer to sell or offer to buy any security. NBT's
market updates, news alerts and corporate profiles are NOT a
solicitation or recommendation to buy, sell or hold securities. The
material in this release is intended to be strictly informational
and is NEVER to be construed or interpreted as research material.
All readers are strongly urged to perform research and due
diligence on their own and consult a licensed financial
professional before considering any level of investing in
stocks. All material included herein is republished content
and details which were previously disseminated by the companies
mentioned in this release or opinion of the writer. NBT is not
liable for any investment decisions by its readers or subscribers.
Investors are cautioned that they may lose all or a portion of
their investment when investing in stocks. NBT has not been
compensated for this release and HOLDS NO SHARES OF ANY
COMPANY NAMED IN THIS RELEASE.
Disclaimer/Safe Harbor:
This news release contains forward-looking
statements within the meaning of the Securities Litigation Reform
Act. The statements reflect the Company's current views with
respect to future events that involve risks and uncertainties.
Among others, these risks include the expectation that any of the
companies mentioned herein will achieve significant sales, the
failure to meet schedule or performance requirements of the
companies' contracts, the companies' liquidity position, the
companies' ability to obtain new contracts, the emergence of
competitors with greater financial resources and the impact of
competitive pricing. In the light of these uncertainties, the
forward-looking events referred to in this release might not
occur.
Source: www.nextbigticker.com
North American Cannabis (CE) (USOTC:USMJ)
Historical Stock Chart
From Aug 2024 to Sep 2024
North American Cannabis (CE) (USOTC:USMJ)
Historical Stock Chart
From Sep 2023 to Sep 2024