Followers | 36 |
Posts | 3952 |
Boards Moderated | 1 |
Alias Born | 08/02/2016 |
Wednesday, March 08, 2023 8:28:42 PM
https://www.accesswire.com/742249/Pacific-Ventures-Issues-Shareholder-Letter-and-Provides-Corporate-Update
PACV generated over $39 million in revenues in 2022
The company has been improving their balance sheet by reducing debt. At the very least, we know PACV has already settled some or all of TCA debt . https://www.tcafundreceivership.com/docs/US_DIS_Eleventh_Quarterly_Status.pdf
I fully expect we will get an update on these details.
PACV will launch its direct-to-consumer platform, WWW.SEAPORTSTEAK.COM, which is expected to occur early in the second quarter 2023. This business model alone should command an aggressive market cap. To put things in perspective, Omaha Steaks does $500m in revenue per year.
PACV will improve communication with its investors, and they have a strategy to update stakeholders of progress in a timelier fashion. This alone is huge; no need for me to explain the benefits of this.
PACV is still in negotiations and due diligence on the ($40m revenue per year) acquisition previously announced. They are working towards a definitive agreement which should close in the near future.
This acquisition will (1) catapult PACV to near $80 million annual revenue and (2) enable PACV to be positioned to start the process of an up list to a major national U.S. exchange.
As of 03/07/2023, PACV is trading at a $770,142. In my opinion, the stock won't be trading this low or anywhere near these levels at some point soon. Just a matter of time before company execution and market awareness converges.
Buckle up!
Recent PACV News
- Form 8-K - Current report • Edgar (US Regulatory) • 02/06/2024 06:14:21 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/21/2023 02:43:03 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/27/2023 09:24:44 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 09/25/2023 10:05:25 AM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/18/2023 04:47:41 PM
Greenlite Ventures Completes Agreement with No Limit Technology • GRNL • Jul 19, 2024 10:00 AM
VAYK Expects Revenue from First Airbnb Property Starting from August • VAYK • Jul 18, 2024 9:00 AM
North Bay Resources Acquires Mt. Vernon Gold Mine, Sierra County, California, with Assays up to 4.8 oz. Au per Ton • NBRI • Jul 18, 2024 9:00 AM
Nightfood Holdings Signs Letter of Intent for All-Stock Acquisition of CarryOutSupplies.com • NGTF • Jul 17, 2024 1:00 PM
Kona Gold Beverages Reaches Out to Largest Debt Holder for Debt Purchase Negotiation • KGKG • Jul 17, 2024 9:00 AM
Avant Technologies Welcomes Back Former CEO with Eye Toward Future Growth and Expansion • AVAI • Jul 17, 2024 8:00 AM