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“We are pleased to report the best full-year results in the Company’s history"
2017 Full-Year Highlights:
Sales increased 32.6% to $312.6 million compared to $235.8 million last year.
Earnings from Operations increased 27.1% to $14.4 million compared to $11.4 million last year.
Net Income increased 40.1% to $9.0 million compared to $6.4 million last year.
Consolidated EBITDA (a non-GAAP measure) increased 42.7% to $26.4 million compared to $18.5 million last year.
Common stock cash dividends increased 42.9% over the previous year.
The Company developed or acquired net 74 additional restaurants during the year to finish with 255 restaurants in operation.
“We are pleased to report the best full-year results in the Company’s history on all key financial line items highlighted above. The results included strong core restaurant operations, the incremental impact of 71 restaurants acquired and modernization of 21 Wendy’s, including 8 new restaurant buildings. Customers continue to reward us for the Wendy’s modernization program throughout our U.S. designated market areas. Looking ahead, we are set-up for a significant growth year in 2018 with momentum in acquisitions, renovations and new construction. Growth within the Wendy’s system provides us the opportunity to leverage our operating systems and restaurant development expertise, capitalizing on Wendy’s distinct brand advantages of quality, convenience, and value,” stated Meritage CEO, Robert Schermer, Jr.
Fourth Quarter 2017 Highlights:
Sales increased 38.8% to $85.2 million compared to sales of $61.4 million for the same period last year.
Earnings from Operations were $1.7 million compared to $2.9 million for the same period last year.
Net Income was $1.6 million compared to $1.9 million for the same period last year.
Consolidated EBITDA (a non-GAAP measure) was $4.6 million compared to $5.2 million last year.
Meritage plans to continue its capital investment program in 2018 with the modernization of up to 40 Wendy’s restaurants during the year, including the development of approximately 20 new buildings.
In the first quarter of 2018, the Company acquired 43 Wendy’s restaurants located in Connecticut, Massachusetts and Texas. The Company also reported a pending agreement to acquire 12 Wendy’s restaurants located in the Midwest. The acquisition is subject to standard due diligence and is scheduled to close during the first quarter.
Company 2018 Full-Year Financial Outlook: Significant Sales & Earnings Growth Ahead
Sales growth of +35% to 45%
Earnings from Operations growth of +55% to 65%
Net Earnings growth of +35% to 45%
EBITDA growth of +35% to 45%
Common stock dividend growth +50% to 100%
Meritage continues to distinguish itself as a leader and innovator in the quick service restaurant segment, striving for best in class results through a performance based culture committed to operational excellence, strategic acquisitions and real estate development.
Meritage Hospitality Group is one of the nation’s premier restaurant operators, with 296 restaurants in operation located in Arkansas, Connecticut, Florida, Georgia, Massachusetts, Michigan, Missouri, Mississippi, North Carolina, South Carolina, Ohio, Oklahoma, Tennessee, Texas and Virginia. Meritage is headquartered in Grand Rapids, Michigan, operating with a workforce of approximately 9,000 employees. The Company has approximately 6.1 million (basic) common shares outstanding. The Company’s public filings can be viewed at www.otcqx.com, under the stock symbol MHGU, or the Company’s website www.meritagehospitality.com.
What problems?
You are right.
The beer is removed from the updated list.
Don't know the reason.
Take a look at the numbers year over year.
https://www.otcmarkets.com/stock/MHGU/financials
And i'm sure management will deliver more.
They are great!!!
On the tap list again: MHBA
http://maddiesbg.com/drafts-bottles/
Former Coors CEO turned cannabis player says “virtually all“ big alcohol companies aiming at MJ sector — Part 2
https://marijuanaindex.com/industry-news-item/?newsId=8025341957018018&headline=Former-Coors-CEO-turned-cannabis-player-says-virtually-all-big-alcohol-companies-aiming-at-MJ-sector--Part-2
Former Coors CEO turned cannabis player says “virtually all“ big alcohol companies aiming at MJ sector — Part 1
https://marijuanaindex.com/industry-news-item/?newsId=4774823776530924&headline=Former-Coors-CEO-turned-cannabis-player-says-virtually-all-big-alcohol-companies-aiming-at-MJ-sector--Part-1
A LARGE brewery!!!!!
Not a micro.
Exiting.
MajorHemp now in talks w/ a large brewery in Indianapolis discussing the production and distribution of #MajorHempBrownAle throughout the state of Indiana
MANY CONVERSATIONS ARE HAPPENING REGARDING EXPANSION. #MajorHemp now in talks w/ a large brewery in Indianapolis discussing the production and distribution of #MajorHempBrownAle throughout the state of Indiana.
Yes, beer production and sales are accelerating now.
Management will execute.
Great, they reordered the MHBA, it is delivered and on sale again.
Waiting patiently for the first Cali selling point on the map!!!
Dear Stockholders:
This notice and accompanying Information Statement are being furnished to the holders of shares of common stock, par value $0.001 (“Common Stock”) and Series A Preferred Stock, par value $0.001 (“Series A Preferred Stock”), of Pacific Health Care Organization, Inc. a Utah corporation (the “Company”, “us” “we”, or “our”), in connection with the approval of the actions described below (collectively, the “Corporate Actions”) taken with the unanimous approval of our board of directors (the “Board”) and by the written consent of Tom Kubota, our CEO, Chairman, and the holder of a majority of the voting power of our issued and outstanding capital stock (the “Consenting Shareholder”):
1.
Amend our Articles of Incorporation to increase our authorized Common Stock from 50,000,000 shares to 200,000,000 shares.
2.
Amend our Articles of Incorporation to effect a forward stock split of all issued and outstanding shares of our Common Stock, at the ratio of four-shares-for-one-share (4:1) (the “Forward Stock Split”).
3.
Adopt the Pacific Health Care Organization, Inc. 2018 Equity Incentive Plan (the “Plan”).
These Corporate Actions were unanimously approved by the Board on February 8, 2018. On February 21, 2018, the Consenting Shareholder, who holds approximately 60.8% of our issued and outstanding Common Stock and 100% of our issued and outstanding Series A Preferred Stock, which votes together with our Common Stock on all matters submitted to a vote of the holders of our Common Stock as a single class, delivered a written consent approving the Corporate Actions. In accordance with Rule 14c-2 promulgated under the Securities Exchange Act of 1934, as amended, (the “Exchange Act”) the Corporate Actions will become effective no sooner than 20 days after we mail this notice and the accompanying Information Statement to our stockholders. The Forward Stock Split also will not become effective until it has been approved and declared effective by the Financial Industry Regulatory Authority (“FINRA”).
The written consent that we received from the Consenting Shareholder constitutes the only stockholder approval required for the Corporate Actions under Utah law, our Articles of Incorporation, as amended (the “Articles”), and our Bylaws as amended through February 8, 2018 (the “Bylaws”). As a result, no further action by any other stockholder is required to approve the Corporate Actions and we have not and will not be soliciting your approval of the Corporate Actions. The record holders of our Common Stock and Series A Preferred Stock as of the close of business on February 21, 2018, are being provided this notice of the Corporate Actions.
The accompanying Information Statement is for information purposes only – Please read it carefully.
NO VOTE OR OTHER ACTION OF THE COMPANY’S STOCKHOLDERS IS REQUIRED IN CONNECTION WITH THIS INFORMATION STATEMENT. WE ARE NOT ASKING FOR A PROXY AND YOU ARE REQUESTED NOT TO SEND US A PROXY.
We thank you for your interest in the Company.
By Order of the Board of Directors
Sincerely,
/s/ Tom Kubota
Tom Kubota, Chief Executive Officer
March 6, 2018
Congrats on that one badguy!!!
Next one will be SIPC.
Great to make part of it.
Big Alcohol is watching this one.
MHBA expected to hit the taps in California early March.
https://twitter.com/WheresMajorHemp
Next weekend?
Meritage Hospitality Group declares $0.04 dividend
Feb. 14, 2018 2:52 PM ET|About: Meritage Hospitality Group, Inc. (MHGU)
Meritage Hospitality Group (OTCQX:MHGU) declares $0.04/share quarterly dividend, 33.3% increase from prior dividend of $0.03.
Forward yield 0.8%
Payable March 12; for shareholders of record Feb. 27; ex-div Feb. 26.
Numbers of form sc13 g/a growing in cannabis stocks.
Big money is moving in this sector.
Soon is coming closer.
Another 5 star rating MHBA
From the new brew?
Major Hemp by Brown Ale
Sam D. is drinking a Brown Ale by Major Hemp
The Perfect Brown Ale, the hemp provided a great nutty flavor
Mardi Gras (2018) Earned the Mardi Gras (2018) badge!
18 hours ago View Detailed Check-in
https://untappd.com/b/major-hemp-brown-ale/2167472
Sure it is. This will explode:
The availability of MHBA
The numbers of reviews on Untappd
The orders (selling is easy, cause this product is selling itselves)
The revenues
The stock price
The account of the patience SIPC investors
Nice to see SIPC added the wanderport coffee on his website.
An good addition to their hemp beverage drinks.
Wanderport is working also to get the MHBA to CA and other states.
Signed in red on plastic
Second run MHBA from this brewery.
Huge MHBA 002.
Already sold of course.
Demand will grow higher and higher.
Go SIPC!!!!!!!!
February 1, 2018
Interaction continues with the California brewery to finalize the legal and licensing matters in order to produce and sell our hemp beers in CA. The process was delayed due to business interference and legal reviews. We expect to have these matters finalized soon and will update all shareholders accordingly.
Work is on going with the development of the Company’s online store. We are experiencing a slight delay in its roll out due to some technical issues with the payment modules. Progress is being made and we expect the site to go live soon.
Work is on-going with the Hemp and CBD marketplace. Current focus is on the implementation and testing of the payment modules. We expect the site to go live sometime this month.
The Wanderport and Hemp-N-Juice online stores will be taken down this weekend as part of the consolidation. Customers can still purchase our Hemp coffees and teas online via Amazon or Sapa Coffee site. As usual, CBD coffees and teas can be purchased by contacting us at sales@wanderportcorp.com.
Additional details pertaining to the above will be provided when appropriate.
Wanderport Corporation
VISION IS KEY
Syman says
Tsunami buy orders hemp stocks coming soon.
Meritage Reports Acquisition of 38 Wendy’s Restaurants Located in Connecticut and Massachusetts
Jan 31, 2018
OTC Disclosure & News Service
-
GRAND RAPIDS, Mich., Jan. 31, 2018 (GLOBE NEWSWIRE) -- Meritage Hospitality Group Inc. (OTCQX:MHGU), one of the nation’s premier restaurant operators, today announced it has acquired 38 Wendy’s restaurants located in Connecticut and Massachusetts designated market areas. The Company funded the acquisition through a private placement of preferred stock, cash on hand and debt financing provided by a syndicate of banks led by City National Bank. The Company expects the 38 restaurants acquired to add approximately $75.0 million in annual sales and be accretive to earnings going forward.
“We are inspired by the opportunity to welcome new employees and guests into our newly acquired 38 Wendy’s restaurants in Connecticut and Massachusetts. We intend to immediately integrate each of restaurants into our customized predictive operating and financial suite, followed by an extensive remodeling program designed to modernize the Wendy’s restaurants and enhance the overall guest experience. The acquisition is consistent with the Company’s 5-year growth plan to expand our operating base up to 400 Wendy’s and 20 casual dining restaurants,” stated Chief Executive Officer, Robert Schermer, Jr.
Company 2018 Outlook: Strong Sales & Earnings Growth Ahead
The Company previously announced it has a pending agreement to acquire an additional 12 Wendy’s restaurants in the Mid-West. The transaction is subject to customary due diligence, standard approvals and scheduled to be completed during the quarter.
Meritage continues to distinguish itself as a leader and innovator in the quick service restaurant segment, striving for best in class results through a performance based culture committed to operational excellence, strategic acquisitions and real estate development.
Meritage Hospitality Group is one of the nation’s premier restaurant operators, with 297 restaurants in operation located in Arkansas, Connecticut, Florida, Georgia, Massachusetts, Michigan, Missouri, Mississippi, North Carolina, South Carolina, Ohio, Oklahoma, Tennessee, Texas and Virginia. Meritage is headquartered in Grand Rapids, Michigan, operating with a workforce of approximately 9,000 employees. The Company has approximately 6.2 million (basic) common shares outstanding. The Company’s public filings can be viewed at www.otcqx.com, under the stock symbol MHGU, or the Company’s website www.meritagehospitality.com.
SAFE HARBOR STATEMENT
SIPC Fully reporting in 2018?
Hemp boom coming:
https://www.nytimes.com/2018/01/29/science/hemp-homes-cannabis.html
Let's build an Hempire.
Europe is awake.
Get well soon Sleek. I like reading your post.
When i have a cold and can't sleep i drink a "Juttertje".
It's a herbal drink, very strong made in Texel, Holland.
http://www.juttertje.nl/
Hope to taste MHBA too, but then SIPC must sell internationally.
That was yesterday.
This is an emerging growth company.
With a top management!
A wilde spread of almost 0.02.
A PnD from daytraders.
It won't hurt longs investing on fundamentals.
The massive wall at 0.0469-0.0470 is still holding.
We need more munition.
Nice uptrend going on started 12/1/2017!
Company 2018 Outlook: Significant Sales & Earnings Growth Ahead
GRAND RAPIDS, Mich., Jan. 18, 2018 (GLOBE NEWSWIRE) -- Meritage Hospitality Group Inc. (OTCQX:MHGU), one of the nation’s premier restaurant operators, today announced it has acquired 5 Wendy’s restaurants located in the Lubbock, Texas designated market area.
The Company also reported it has two pending definitive agreements to acquire an additional 50 Wendy’s restaurants located in the Eastern and Mid-Western United States. The pending transactions are subject to customary due diligence and standard approvals, with the remaining acquisitions targeted to be completed during the first quarter of 2018.
“The acquisition of the five Texas Wendy’s restaurants is consistent with our previously announced 5-year growth plans to expand our operating base up to 420 restaurants. We intend to immediately integrate each of the acquired restaurants into our customized predictive operating and financial suite, followed by an extensive remodeling program designed to modernize the Wendy’s restaurants and enhance the overall guest experience,” stated Chief Executive Officer, Robert Schermer, Jr. The Company expects the combined 55 restaurants to add approximately $100 million in annual sales and be accretive to earnings going forward.
Power Hour today?
Discussions with multi-state beer distributors, that's awesome.
I have a strong feeling that the beer is already in cans now
SIPC
About to explode!!!
Major Hemp Brown Ale in a CUBoulder glass:
https://twitter.com/WheresMajorHemp
SIPC Where is major hemp
Nice strategy, we will win.
We need Panzer to shoot through the wall.
The wall that was build by MM's on 01/12/2018 with a lot of 911 trades.
Then we run.