Pacific Ventures Group Inc (PACV)

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PACV DD compilation:

Pacific Ventures Group, Inc., through its subsidiaries, produces, sells, and distributes alcohol-infused ice creams and ice-pops. It sells its alcohol-infused ice-pops and ice creams under the SnöBar brand name principally through wholesale distributors for resale to retail outlets. The company is also involved in the sale and lease of freezers, as well as the provision of marketing services; and wholesale and retail of fresh produce, groceries, meals, and food and other food-related products. The company is headquartered in Los Angeles, California.

1) On January 31, 2018, Pacific Ventures Group, Inc. (the “Company”) entered into an Asset Purchase Agreement (the “Agreement”) with Royalty Foods, LLC, a Nevada limited liability corporation and wholly owned subsidiary of the Company (“Royalty Foods”), and San Diego Farmers Outlet, Inc., a California corporation (“San Diego Farmers Outlet”). Pursuant to the Agreement, at the closing of the transactions contemplated therein (the “Closing”), Royalty Foods will acquire substantially all of the operating assets and assume certain liabilities of San Diego Farmers Outlet (the “Asset Purchase”). The assets purchased include an operating grocery business, including inventory, fixtures and several trucks. (This gave PACV the means to distribute Snobars in California)

https://www.otcmarkets.com/filing/html?id=12732731&guid=qRP8UFGcMy18_3h

2) On June 13, 2018, the Company’s Board of Directors declared a stock dividend of one (1) Common Stock share for every one hundred (100) Common Stock shares owned. The dividend will be payable to stockholders of record as of July 2, 2018. The Company has not paid and do not plan to pay cash dividends at this time or anytime soon.

https://www.otcmarkets.com/filing/html?id=12814857&guid=qRP8UFGcMy18_3h

3) Pacific Ventures Group Signs Definitive Agreement to Acquire Convenient Wholesalers of America, Inc.

Asset Acquisition Could Bring $40 Million Additional Revenue Annually

LOS ANGELES, CA, Sept. 24, 2018 announced the signing of a definitive Asset Purchase Agreement to acquire Convenient Wholesalers of America, Inc.

The asset acquisition was previously announced as a Letter of Intent on August 16, the Asset Purchase Agreement was signed on September 18, and the asset purchase transaction is anticipated to close on or before December 31, 2018.

“We believe this acquisition significantly enhances our food and beverage distribution business with expansion to the southeast and will accelerate our sales of SnoBar,” said Ms. Shannon Masjedi, President and CEO of Pacific Venture Group. “In addition to their existing footprint, we have identified opportunities to further expand Convenient Wholesalers of America’s geography and accelerate its business growth.”

https://www.otcmarkets.com/stock/PACV/news/story?e&id=1177809

4) Pacific Ventures Group Files Schedule 14C for Reverse Stock Split in Contemplation for Share Uplist

LOS ANGELES, CA, Nov. 14, 2018 announced the filing of an Information Statement on Schedule 14C to implement a reserve stock split of its common stock pursuant to the joint consent of the Board of Directors and majority consenting stockholders.

While the Information Statement authorizes management to implement a reverse split on a ratio of up to 1:250, which ratio was based upon the recent share price of $0.01, in fact management believes that its current share price is extremely undervalued, does not reflect the Company’s success in generating revenues of in excess of $1.9 million for the 9 months ended September 30, 2018 compared to no revenues for the same period of 2017 and its ability to raise funds for the growth of its business. Management believes that the reverse split ratio may be far lower than 1:250 and may, in fact, be in the range of 1:30 or 1:50 or perhaps lower. Currently, management anticipates only moving forward with reverse split if it is necessary to meet the required major exchange criteria and, as set forth in the Schedule 14C, only up to an amount that, based upon the price of the common stock at such time in order to satisfy any exchange listing requirement and qualify for uplisting of its common stock.

Ms. Shannon Masjedi, Pacific Venture Group’s Chief Executive Officer, commented, “We believe that the Company will be in the financial position, based upon its ability to generate increasing revenues and ability to raise capital, to meet the majority of the criteria for a major exchange listing and we are relying on the reverse split only to meet the share price listing criteria.”

https://www.otcmarkets.com/stock/PACV/news/story?e&id=1224522

5) On 12/20/18 a File 13g for Mark Gulinson for 13,193,803 shares and 8.84% stake https://www.otcmarkets.com/filing/html?id=13117416&guid=EkP8UenLMk4s13h

6) On 12/21/18 a form S1 was filed to begin the process of uplisting to the NASD https://www.otcmarkets.com/filing/html?id=13119939&guid=EkP8UenLMk4s13h