Pacific Ventures Group Inc (PACV)

[technicolor turncoat]

Some key takeaways from todays (3/8/2023) press release, and a few thoughts:

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!