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Pacific Ventures Group Inc. (PACV)

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Pacific Ventures Group Records Highest Monthly Revenue in Company History with $3.0 Million in May 2020






Company website: www.pacvgroup.com

 

“Our growth strategy for 2020 focuses on a three-prong approach that we believe will add value for our shareholders; (1) incrementally increase sales and profitability of San Diego Farmers Outlet and Seaport Meat  Company, (2) expand Snöbar production and distribution and (3) acquire additional food production or distribution companies that are synergistic with San Diego Farmers Outlet and Seaport Meat  Company. With almost 5 months under our belt as a newly combined company with Seaport Meat Company, we are well on our way. Our operating team has done a terrific job identifying and executing efficiencies and opportunities for growth. Our management team and Board have created a robust potential acquisition pipeline to complement our organic growth. We look forward to reporting our progress as it unfolds throughout 2020.”

--Ms. Shannon Masjedi, Pacific Venture Group’s Chief Executive Officer




 

PACV Subsidiaries




Seaport Meat Company ($28m revenue). Acquired  12/18/19
 

Pacific Ventures Group Closes Acquisition of California Food Distribution
https://pacvgroup.com/2019/12/18/pacific-ventures-group-closes-acquisition-of-california-food-distribution-company/


“The acquired business, Seaport Meat Company, generated approximately $28 million revenue over the past year, while serving customers in California and nearby states. Seaport Meat is focused on food, frozen foods and other related products, primarily in southern California.” https://www.otcmarkets.com/filing/html?id=13808005&guid=AD-WUKL-szv_nMh
 

About Seaport Meat Co:

Seaport Meat Company was established in 1980 and has been owned by the Camarda Family since 1990. Prior to operating Seaport Meat Company, The Camardas owned three successful restaurants, so they know what it takes to supply your food establishment. Se Habla Espanol.

We are a “wholesale” only facility – sorry no retail sales. With over 45 employees, our HACCP-Compliant facility is a 17,000 Square foot, state-of-the-art food distribution building, constructed specifically to meet the needs of you, our customer.

Our facility is a USDA Licensed processing facility, with on-site daily inspections, which manufactures custom processed beef, pork, chicken, lamb, veal and seafood. We process over 120,000lbs of product per WEEK! We supply San Diego, Orange and Riverside Counties with wholesale food and restaurant supplies to a growing list of restaurants and food service institutions.

Our customers range from restaurants which feature Bar and Grill, Mexican, Italian, and steakhouse cuisines to institutions, schools and re-distributors. This enables us to have the purchasing power and diversification to provide our customers with a one-stop supply experience while providing the family style customer support of a locally owned, independent company.



                                                                                                                                                                                            


Website: https://www.seaportmeat.com/




 



San Diego Farmer’s outlet ($5m revenue). Acquired May 2018.


Pacific Ventures Group Buys San Diego Farmers Outlet, Inc.; Strategic Fit to Grow Company Nationwide
https://pacvgroup.com/2018/05/02/pacific-ventures-group-buys-san-diego-farmers-outlet-inc-strategic-fit-to-grow-company-nationwide/

“Since 1983, San Diego Farmers Outlet (“SDFO”) has been San Diego’s premier supplier of affordable produce, dairy products and specialty groceries for retail customers and wholesale restaurants. SDFO generated approximately $5 million revenue in 2019.”
https://pacvgroup.com/2020/01/07/pacific-ventures-group-provides-strategic-plan-and-synergies-for-its-recent-acquisition-of-seaport-meat-company/
 

About San Diego Farmers Outlet:

San Diego’s premier supplier of affordable fresh fruits & vegetables and specialty groceries for retail customers and wholesale restaurants.
At the San Diego’s Farmers Outlet, you can load up on fresh groceries for the week. Health-conscious eaters will love cooking with the fresh produce available here, and flock to this store for the best produce in town.

A great meal starts with a great grocery store. With a selection of trustworthy produce and exceptional goods, the San Diego Farmers Outlet will help feed you well.

The company was established and incorporated in California in 1983 by Ben and Sam who had a dream of creating their own business and a passion for fresh fruits and vegetables.



                                                                                                                                                                                                         
 

Website: https://sandiegofarmersoutlet.com/




 
 


SnoBar (founded by Shannon Masjedi)


SnoBar mentioned on Food Network website:
6 Boozy Ice Creams That Prove You Don't Have to Choose Between a Cocktail and Dessert
https://www.foodnetwork.com/fn-dish/shopping/2020/03/6-boozy-ice-creams

CEO Shannon and SnoBar seen on KTNV Morning Blend:
https://www.youtube.com/watch?time_continue=6&v=X5xgOOCYyxE&feature=emb_logo

CEO Shannon and SnoBar seen on FOX 5 Vegas:
https://www.youtube.com/watch?time_continue=3&v=Ww_uufDeea0&feature=emb_logo

SnoBar in the press:
https://snobarcocktails.com/press/


Status of SnoBar:

As of the date of this Quarterly Report ( September 30, 2019 ), Snöbar products are currently being sold in the east coast of United States by the Company’s distributor. The Company’s management has been actively constructing an online platform that will allow Snöbar distribution on a national level. The Company’s platform is complete and ready to “go live” and, with the aim of purchasing inventory as well as increasing sales and marketing efforts.

The Company has recently signed an agreement with a new co-packer to produce and manufacture the Snobar Product Line. The new factory will produce the Snobar Product Line for a reduced price which will allow for greater profitability for the company. The new factory has all of the necessary licensing in place required to manufacture the Snobar Product Line. The company expects to place its first order with the new copacker in early 2020. The company will launch the state of California and be looking to expand sales across the nation.
In addition, the Company is planning to offer distribution rights throughout the country which will allow the Snöbar Product Line to expand its footprint very rapidly. The distribution rights will also bring in additional revenue to the Company.
 

About SnoBar:

The SnöBar idea came to Shannon Masjedi one night at home while she was trying to create a special dessert.  She started mixing alcohol into her ice cream to give it a little kick and voila! — an idea was born!
 
Shannon is no stranger to divine inspiration. It is that creativity matched with her unbridled drive that has made her into the success story she is today.
 
“Entrepreneurism definitely has an element of luck, but it mostly requires passion and a stalwart belief in your business or product.” her track record only proves her words true. 
Clearly SnöBar, alcohol infused ice-pops and ice cream, was born out of inspiration, but it is her singular focus and diverse experience that is going to put it on the map.
 
Soon after her homemade trials, she teamed up with mixologists, chefs and food scientists to perfect the taste, texture and alcohol content. Made with natural ingredients and premium alcohol, there’s a full cocktail in every serving, the alcohol infused desserts are guaranteed to stimulate and please even the most sophisticated palate.
 
SnöBar’s three types of ice-pops, Margarita, Mojito and Cosmopolitan, replicate the distinct flavor and experience of the traditional cocktails. The Margarita ice-pop is made with premium tequila, lime and triple sec; the Cosmopolitan ice-pop is made with premium vodka, triple sec and cranberry.
 
SnöBar’s three types of ice-pops, Margarita, Mojito and Cosmopolitan, replicate the distinct flavor and experience of the traditional cocktails. The Margarita ice-pop is made with premium tequila, lime and triple sec; the Cosmopolitan ice-pop is made with premium vodka, triple sec and cranberry.
 
The superior-quality ice cream is available in the following flavors: Grasshopper, Pink Squirrel, Brandy Alexander Chocolate Chip, and Brandy Alexander. Each serving of SnöBar ice-pops and ice cream has the equivalent alcohol percentage of a full cocktail.
The demand for SnöBar has been overwhelming.  Previously, consumers’ only choices were alcohol flavored ice cream, with little to no alcohol content, or to mix their favorite spirits and desserts, with disappointing results. We worked on and perfected our formula for over two years to guarantee a superior product and ensure that every bite tastes incredibly delicious.”
 
You can find SnoBar in its branded freezers in all outlets which sell liquor, bars, restaurants, and night clubs.




                                                                                                                                                  


Website: https://snobarcocktails.com/




 

Security details

 



PACV
 
Share structure as of 05/01/2020 per OTC markets

Authorized Shares: 900,000,000
Outstanding Shares: 1,142,781
Float:  (around) 908,000

https://www.otcmarkets.com/stock/PACV/security



 

Ownership



Insiders own 232K Common shares
Shannon Masjedi: 80,000
ACD Trust, Shannon Masjedi: 130,000
Marc Shenkman: 22,000


Total insider owned: 232,000

Non-insider, ownership of 5% or more of common stock
Dr. Mark Gulinson and his wife Melissa: 27,750,866 (55,501 new OS)
SC 13G/A: https://www.otcmarkets.com/filing/html?id=13889648&guid=AD-WUKL-szv_nMh



 
 
IR Contact




Stephen Hart
StratCon Advisory
Capital Markets Advisory & Investor Relations
(917) 658-7878

ir@stratconadvisory.com



 
Leadership


Shannon Masjedi – CEO, President


 


Mrs. Masjedi was the inspiration behind a unique brand of alcohol infused ice pops and ice cream. With her extensive relationships and contacts within the alcohol, food and beverage industry she was able to penetrate the top 5 markets within the country. Shannon’s operational and logistical skills enabled for such a unique brand to be recognized as one of the most innovative brands of the alcohol industry. Mrs. Masjedi has deep rooted relationships at an executive level with nationwide distributors. This makes her and her team be a unique asset to expand brands and companies and position them for success.

Mrs. Masjedi’s ability to implement efficiencies and create new and efficient operating platforms make her a huge asset to any company and its operations.

Mrs. Masjedi studied aeronautical engineering at ASU where she obtained several pilot licenses. Shannon’s history includes a lineage of air force pilots including her father who flew Air Force 2 under the Carter and Ford administration and she carries these values and ethics into her business dealings.



Listen to Shannon speak in a podcast:
Pacific Ventures Group Inc. CEO, Shannon Masjedi, JoinsEverett Jolly on Uptick Newswire Stock Day Podcast
https://pacvgroup.com/2018/07/09/pacific-ventures-group-inc-ceo-shannon-masjedi-joins-everett-jolly-on-uptick-newswire-stock-day-podcast/



Marc Shenkman – Chairman of the Board

A graduate of the University of Vermont, Mr. Shenkman has an extensive background in the financial services industries. Marc worked in with Dean Witter and Bear Stearns trading mortgage back securities, financial futures and hedging institutional portfolios. Mr. Shenkman is currently President of Priority Financial Network. PFN is a mortgage banking company based in Calabasas, CA. Priority Financial Network originates over $1 Billion of retail mortgages in seven Western States.





 

Press Releases

Pacific Ventures Group Records Highest Monthly Revenue in Company History with $3.0 Million in May 2020
June 3, 2020

Driven by Seaport Meat Company’s Ability to Secure Meat to Supply Existing and New Customers  LOS ANGELES, CA / ACCESSWIRE / June 3, 2020 / Pacific

Read More »


Pacific Ventures Group Reports Full Year 2019 Results
May 12, 2020

Strong 80% Organic Growth in 2019 Focused on Three-Prong Strategic Growth Plan for 2020 LOS ANGELES, CA – Accesswire – May 12, 2020 – Pacific

May 6, 2020

Excelling in a Take-Out and Delivery Environment LOS ANGELES, CA – Accesswire – May 6, 2020 – Pacific Ventures Group, Inc. (OTC: PACVD) (the “Company”),


Pacific Ventures Group’s Seaport Meat Company Expands into the Pet Food Industry

April 28, 2020

Complements Existing Distribution Network LOS ANGELES, CA – Accesswire – April 28, 2020 – Pacific Ventures Group, Inc. (OTC: PACVD) (the “Company”), a food and



Pacific Ventures Group Announces Revenue Growth of 520% to $6.7 Million for First Quarter 2020

April 23, 2020

LOS ANGELES, CA – Accesswire – April 23, 2020 – Pacific Ventures Group, Inc. (OTC: PACVD) (the “Company”), a food and beverage holding company specializing


Pacific Ventures Group Announces 40% Increase in Retail Sales at its San Diego Farmers Outlet

April 22, 2020

LOS ANGELES, CA – Accesswire – April 22, 2020 – Pacific Ventures Group, Inc. (OTC: PACVD) (the “Company”), a food and beverage holding company specializing


Pacific Ventures Executes Reverse Split to Enhance its Share Price to Attract Additional Shareholders

April 14, 2020

LOS ANGELES, CA – Accesswire – April 14, 2020 – Pacific Ventures Group, Inc. (OTC: PACVD), a food and beverage holding company specializing in the



Pacific Ventures Group Provides COVID-19 Related Business Update

April 8, 2020

LOS ANGELES, CA – Accesswire – April 8, 2020 Pacific Ventures Group, Inc. (OTC: PACV), a food and beverage holding company specializing in the distribution
Read More »



Pacific Ventures Group Pays Off Convertible Notes to Avoid Potential Equity Dilution

March 10, 2020

LOS ANGELES, CA – Accesswire – March 10, 2020 – Pacific Ventures Group, Inc. (OTC: PACV), a food and beverage holding company specializing in the


Pacific Ventures Group Expands its Food Distribution Geographic Reach to Open New Markets and Accelerate Revenue Growth

January 14, 2020

LOS ANGELES, CA – Accesswire – January 20, 2020 – Pacific Ventures Group, Inc. (OTC: PACV), a food and beverage holding company specializing in the


Link to all PACV Press Releases
https://pacvgroup.com/press-releases/                                                                           





PACV
Current Price
Volume:
Bid Ask Day's Range
  • 1D
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  • 3M
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PACV News: Amended Quarterly Report (10-q/a) 08/21/2020 12:29:59 PM
PACV News: Notification That Quarterly Report Will Be Submitted Late (nt 10-q) 08/13/2020 12:26:02 PM
PACV News: Quarterly Report (10-q) 06/16/2020 12:25:05 PM
PACV News: Current Report Filing (8-k) 05/19/2020 04:37:53 PM
PostSubject
#35799  Sticky Note Pacific Ventures Group's Q2 2020 Revenue Expected At penny.dreamer 08/05/20 08:33:41 AM
#36067   I'm out boys. Sold most of my quito_yume 09/23/20 09:58:41 AM
#36066   News tomorrow? Do I gamble and jump stocknup 09/22/20 02:06:49 PM
#36065   It is very ugly indeed. A day closer Wake Setter 09/22/20 01:49:59 PM
#36064   Well someone wants in fairly bad ... 15k stocknup 09/22/20 01:06:28 PM
#36063   At this rate it’ll be pennies in a golfndude 09/22/20 12:37:19 PM
#36062   If anyone is left here, they are either stocknup 09/22/20 10:14:52 AM
#36061   Sounds like its just about done. This should Wake Setter 09/20/20 11:20:28 PM
#36060   Wow.. almost a week and nobody even has quito_yume 09/18/20 04:43:26 PM
#36059   Some borrowed DD on TCA: AKAPAK 09/13/20 01:41:31 PM
#36058   $PACV ALERT> 225,000+ Lbs. Fresh Product Processed Per 1jk1 09/13/20 12:17:19 PM
#36057   WOW .. this is one hidden gem wochsac 09/11/20 02:11:00 PM
#36056   I wish everyone the best of luck. PACV Wake Setter 09/10/20 01:48:10 PM
#36055   Well they are certainly doing wrong, and a technicolor turncoat 09/10/20 09:49:20 AM
#36054   Where you at?? Did you get hired to Koopa Troopa 09/10/20 08:39:50 AM
#36053   Why not just move on? Going from the Koopa Troopa 09/10/20 08:35:52 AM
#36052   me too jimbo098 09/09/20 02:42:31 PM
#36051   Sneaky Shannon fooled all with the RS. The The Land Man 09/09/20 10:17:18 AM
#36050   Unbelievable! Dead $$$ for now. The R/S and golfndude 09/08/20 10:34:02 PM
#36049   not one post in five days no volume jimbo098 09/08/20 04:00:55 PM
#36048   Hey, an additional 5.3 million shares isn't so stocknup 09/03/20 04:25:02 PM
#36047   Considering this is the first significant batch of Wake Setter 09/03/20 12:33:29 PM
#36046   The 5m increase in the o/s is just technicolor turncoat 09/03/20 10:57:51 AM
#36045   “More” dilution? Pretty sure there hasn’t been any wrathgar 09/02/20 09:49:50 PM
#36044   Or more dilution. They don’t communicate so that technicolor turncoat 09/02/20 09:40:27 PM
#36043   maybe some debt will be off the books soon apple-bag 09/02/20 02:16:41 PM
#36042   5 million shares issued. Looks like we found Wake Setter 09/02/20 12:21:28 PM
#36041   That is not a disclaimer from PACV’s filings. tutankhamuns 09/01/20 10:01:14 AM
#36040   You must be new to investing. Ill give Wake Setter 09/01/20 09:43:13 AM
#36039   The Receiver concluded that PACV can’t afford it. tutankhamuns 09/01/20 08:38:49 AM
#36038   PACV - TCA debt & lender Wake Setter 08/31/20 07:03:36 PM
#36037   Shannon Masjedi is in WAY over her head. technicolor turncoat 08/28/20 08:59:54 PM
#36036   What is the logic in taking a 33% hopeabides 08/28/20 04:30:43 PM
#36035   You are so sure then they gonna survive ivo_from_BE 08/28/20 04:14:40 AM
#36034   $.73 equals $.00146 pre-split. The people running this golfndude 08/27/20 04:20:55 PM
#36033   If it gets to.50 I will pick up BADA2D 08/27/20 04:06:17 PM
#36032   Falling into POS status. Not sure I stocknup 08/27/20 10:38:40 AM
#36031   You selling that much huh? Thanks for arizonaminingman 08/27/20 09:22:19 AM
#36030   be lucky to stay above .50 today ridiculous jimbo098 08/27/20 09:06:10 AM
#36029   100% agree here, I was busy most of Koopa Troopa 08/26/20 03:57:02 PM
#36028   Sorry, I haven’t felt enough pain. Lol. I’ll hopeabides 08/26/20 03:41:18 PM
#36027   And yet another worthless PR, as expected. None The Land Man 08/26/20 03:11:56 PM
#36026   It was a total fail. We knew it Alexxdj1 08/26/20 03:08:49 PM
#36025   You hit the nail on the head technicolor. quito_yume 08/26/20 02:53:37 PM
#36024   So Shannon, how is that plan to quito_yume 08/26/20 02:47:09 PM
#36023   isn't penny land great, i guess when you jimbo098 08/26/20 02:12:15 PM
#36022   Ahh the memories. Wake Setter 08/26/20 01:54:24 PM
#36021   before i called someone dumb i would make jimbo098 08/26/20 01:40:45 PM
#36020   Agreed, tipical dumb blond CEO dream_maker 08/26/20 12:42:30 PM
#36019   I only see one big seller in the hopeabides 08/26/20 12:32:34 PM
#36018   Looks like they 5x their revenues with the hopeabides 08/26/20 12:30:03 PM
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