WCVC Announces Illegal Burger Restaurant Franchise Launch With Plans For Future Concept Franchises
January 29 2019 - 8:00AM
InvestorsHub NewsWire
DENVER, CO --
January 29, 2018 -- InvestorsHub NewsWire -- West Coast Ventures
Group Corp. (OTCQB:
WCVC) (“WCVC”) today announced it
will be franchising its Illegal Burger restaurant chain. WCVC is a
concept restaurant platform company with multiple concept
restaurants in the works. WCVC currently has six restaurants
in the Denver area under its Illegal Burger and El Señor Sol
banners. Illegal Burger recently entered into an agreement
with North American Cannabis Holdings (USOTC:
USMJ) (“USMJ”) to rollout a pilot
cannabis-themed restaurant in Colorado as part of USMJ’s spinoff of
the AmeriCanna Cafe. WCVC plans to begin the sale of Illegal Burger
franchises in 90 to 120 days. Management anticipates the
franchise business to substantially add to the companies existing
$3 million in approximate annual revenue.
Jim Nixon, CEO
of WCVC commented, “We are excited about this upcoming new revenue
stream for the Company. As many are aware franchising brings
significantly greater bottom line profit compared to Company owned
locations. We have received many inquiries over the last few
months requesting the availability of franchises. We expect a very
positive response to WVCV adding this aspect.”
AmeriCanna Cafe
concept restaurant spinoff from USMJ is being effected by the sale
of AmeriCanna Cafe to an independently listed public company,
Priority Aviation (name change pending) (USOTC:
PJET). The spinoff transaction includes a planned
issuance of PJET stock to the shareholders of USMJ in a dividend
distribution. Illegal Burger, a subsidiary of WCVC 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. AmeriCanna Cafe is expected to closely
follow the successful Illegal Burger business model and similarly
add a franchise offering to accelerate future
growth.
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.
For more
information:
1 (303)
423-1300
info@illegalburger.com
https://www.westcoastventuresgroupcorp.com/
https://www.illegalburger.com/
SOURCE West
Coast Ventures Group Corp.
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