WCVC Announces Goldman Small Cap Research Report With $0.17 Target PPS Recommendation
October 07 2019 - 9:17AM
InvestorsHub NewsWire
WCVC Announces Goldman Small Cap
Research Report With $0.17 Target PPS Recommendation
DENVER, CO --
October 7, 2019 -- InvestorsHub NewsWire -- West Coast Venture
Group, Corp. (WCVC)
("WCVC") today announced the release of a research
analyst report on the company’s restaurant and CBD operations from
Goldman Small Cap Research. The report provides insight into
both the company’s operations and the overall fast causal concept
restaurant and CBD industries. Based largely on peer
valuations, Goldman recommends a $0.17 target price for the shares
of WCVC.
“Our price target of
$0.17---a 7x increase from current levels, reflects current peer
valuations for restaurant and CBD-infused product
companies. On the CBD side alone, $5M in market value can be
realized for every $1M in
sales.”
WCVC’s reported over
$3 million in sales last year in 2018 from the operations of its
existing restaurants to include its flagship Illegal
Burger. WCVC’s restaurant operations have continued
to grow throughout 2019 and earlier this year, the company
announced launching restaurant franchise sales in 31 states and
work underway to launch in the remaining 19 states
soon.
“WCVC is a
contemporary restaurant chain that is marrying its core business
with high-profile, and high-valuation, CBD-infused
products. The Company seeks to
gain market share in the $780 billion restaurant and $23 billion
hemp-based CBD market, respectively.”
“WCVC’s fast casual
restaurants emphasize some of the industry’s biggest
trends. These include
including offering sustainable, healthy foods for health-conscious
customers.”
“Its restaurants
include 5 Illegal Burger locations, a new Illegal Pizza location
opened in 2019, and one Mexican
restaurant. The Company
has generated $1.8M in sales through 1H19 and could approach the
$4M mark, by year-end, and approach $10M company-wide, next
year.”
To view the full
report visit www.goldmanresearch.com/WCVC
About West Coast
Ventures Group Corp.
Based in Denver,
Colo, West Coast Ventures Group Corp. (WCVC)
is America's first CBD restaurant stock under Illegal Brands and
operates a number of contemporary restaurant concepts including the
flagship Illegal Burger a quick-casual burger + bar concept. 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/
https://www.illegalpizza.restaurant/
https://www.illegalbrands.com/