WCVC - West Coast Venture Group and AmeriCanna Cafe Announce Cannabis Themed Restaurant Partnership
October 23 2018 - 9:06AM
InvestorsHub NewsWire
Denver, CO -- October
23, 2018 -- InvestorsHub NewsWire -- West Coast Ventures Group
Corp. (OTCQB:
WCVC) and the AmeriCanna Cafe today announced entering into an
agreement to rollout a pilot cannabis themed restaurant in
Colorado.
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 (5 restaurants 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. The Company generates gross annual sales
of $2,725,000.
AmeriCanna Cafe is a concept restaurant business subsidiary of
North American Cannabis Holdings (USOTC:
USMJ) slated for an imminent
spinoff. The spinoff is being affected by the
sale of AmeriCanna Cafe to an independently listed public company
yet to be disclosed. The spinoff transaction includes a
planned issuance of stock in the independently listed public
company to the shareholders of North American Cannabis Holdings in
a dividend distribution.
In conjunction with the agreement announced today, Illegal Burger,
a subsidiary of West Coast Ventures will partner with AmeriCanna
Cafe to pilot a cannabis themed restaurant in Colorado. The
pilot will be launched in the form of a food truck featured in
pop-up venues near a series of recreational marijuana dispensaries
in Colorado. The pilot rollout is scheduled to start in the
spring of 2019.
The initial agreement between Illegal Burger and AmeriCanna Cafe
does not include any exchange of equity between the two companies
or their respective parent companies. Management of both
companies indicates a future equity exchange is possible.
For more information on West Coast Venture Group and Illegal
Burger:
https://www.westcoastventuresgroupcorp.com/
https://www.illegalburger.com/
For more information on North American Cannabis Holdings and
AmeriCanna Café:
https://www.growusmj.com
https://www.growusmj.com/restaurant
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. These statements have not been evaluated by the Food and
Drug Administration. These products are not intended to diagnose,
treat, cure, or prevent any disease.
Steven
Rash
CEO North American Cannabis Holdings,
Inc.
info@aciconglomerated.com
+1-800-861-1350
James Nixon
investor@illegalburger.com
+1(303)995-7526
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