New CEO
Is a restaurant manager … not terribly impressive … but the owner of his restaurant is a Chef who has established a small chain of three mid priced Italian restaurants in the Houston area … These establishments have good reviews … not much of a stretch to think some of the "entertainment venues" will be restaurants offering dishes that include CBD … Huge growing market cited by 70% of Chefs as a major trend in a recent survey (sorry no link) … not hard to believe though …
Below is info relating to Illegal Burger but good info to relate to MINE IMHO
West Coast Venture Group, Corp. (OTCBB: WCVC) (“WCVC”), the owner and operator of Illegal Burger, today released a shareholder update to include management’s outlook and strategy on their conventional restaurant operations and new cannabis infused menu approach, the entirety of which is included below:
Summary
Cannabis industry is red hot and CBD edibles market is projected at $4.1 Billion in 2022.
Fast Casual Dining market is $780 billion and steadily growing with insatiable appetite for new foods such as CBD edibles.
Of 650 Chefs surveyed at the American Culinary Federation, 75% said cannabis infused foods will be the hottest trend starting in 2019.
West Coast Ventures Group Illegal Burger and Mexican Food Cannabis Edibles Franchises in Colorado are new and growing fast with over $3 million in new sales and pointing sharply higher.
Illegal Burger’s ultra-fast franchise model is delivering fully operating restaurants in only 90 days from lease signing and is now selling in 39 states with plans for expansion to all states.
With share price of $.052 and total market cap of only $2.3 million, WCVC shares are highly undervalued creating excellent entry point. Only 47 million shares outstanding with float under 28 million. Market comps based on sales indicate fair value today is over $.25 but based on growth model, price could see much higher prices soon.
Investment Overview
West Coast Ventures Group (OTC: WCVC) has developed and launched a unique new franchise model aimed at the $780 billion Fast Casual Dining Market that offers the hottest new trend in foods which is CBD edibles. The Fast Casual Dining market is highly competitive and has a big appetite for hot new trends.
