- CBD edibles market is projected at $4.1 Billion in 2022 and is $780 billion Fast Casual Dining market has insatiable appetite for new foods such as CBD edibles. First-to-Market has big advantage to capture market share.
- 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 (OTCQB:WCVC) “Illegal Burger” CBD Edibles Franchises in Colorado are First to Market with over $3 million in new sales and pointing sharply higher.
- WCVC to launch “Illegal Pizza” Franchises.
- 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 $.06 and total market cap of only $2.87 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 of shares today is over $.20 but based on growth model in explosive Cannabis Industry, shares could see much higher prices soon.
West Coast Ventures Group (OTC: OTCQB: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 especially in burgers and pizzas. WCVC is undiscovered by investors, but word of their success is getting out and valuations are likely to soon reflect their strong growth and expectations for immense success. Management recently published a letter to shareholders that best explains their rapid growth; “WCVC Puts Illegal Brands into Context and Hints at Exciting New Plans in Open Letter to Shareholders.”
I would like to begin by thanking you all for joining us on the incredible journey we've embarked on. We would never be where we are today without your support and confidence, and I trust that this letter will demonstrate that your trust in our company has been well placed.
This update will focus on the successes of the company to date. It will also outline an exciting strategy that I believe will set our company apart as the most innovative restaurant stock in America.
A strong 2018
We had a really strong 2018. During the course of the year, we earned $3,054,623 in revenue and saw consistent year-over-year growth. Preliminary data suggests that this trend will continue throughout 2019.
Quarter 1 of 2019 already saw incredible year-over-year revenue growth of 21.55% in what is one of our traditionally slow quarters. If we are able to replicate this success during summer - when we can utilize our outdoor patio seating - we expect to have a breakthrough year.
We are now able to sell franchises in 31 states across the USA. This is a big boon for us, and we fully intend to expand our franchise footprint nationwide. We are currently evaluating the timing for filings in the other 19 states.
These new developments will allow us to grow our franchise model and help raise brand recognition rapidly across America while building a true community around our restaurants, in particular the Illegal Burger and other Illegal Brands restaurants.
Illegal Burger Restaurants see success
Two of our flagship Illegal Burger restaurants have already seen incredible success. The IB CitiSet is on pace to exceed $700,000 in sales in its first full year of operations. This has vastly exceeded all expectations and it demonstrates the power of the Illegal Burger brand.
The IB Writer Square, located in Downtown Denver, is also on pace to exceed $1 million in sales this year.
Illegal Brands CBD
While we are - at our heart - a restaurant company, I strongly believe that we are entering a point where the synergy between the food & beverage sector and CBD has not only become undeniable but also represents a key competitive business and branding advantage.
As many of you are aware, the United States recently passed the Farm Bill, which is the first step towards the legalization of CBD on a federal level. We are already positioning ourselves to be at the forefront of this shift by becoming the first bona-fide CBD restaurant company.
The first step in our groundbreaking strategy is the Illegal Burger restaurant concept. We have carefully cultivated an iconic brand that is deeply rooted in health, quality food, and local ingredients. This provides the perfect ecosystem for Illegal Brands' pivot into the CBD space.
We previously announced our first CBD burger bowl and have launched the very first CBD-infused food menu. We were also the first publicly-traded American restaurant to do so.
Our plans for future growth
We have put serious thought into our new CBD strategy and plan to leverage the full potential that the CBD industry affords us. We believe that our existing reputation as a restaurant brand with a focus on quality, community, and health, is a perfect match for CBD consumers. We also firmly believe in the health benefits of CBD after seeing how it has transformed the life of my son as well as how it helped me personally.
Through iconic brands like Illegal Burger, we are in a unique position to educate our customers about the benefits of CBD while still offering great food at affordable prices in the fast casual dining scene.
Over the coming weeks, we will be laying out our strategy in full via a series of press releases. We plan to provide another comprehensive update of our strategy in June, along with some news that we are incredibly excited to share with you.
We look forward to taking this journey together over the coming months and years.
Market Comparisons indicate WCVC is highly undervalued
Sales and share price of 7 fast food companies were analyzed and compared to West Coast Ventures Group. Results indicate that West Coast Ventures Group should be trading at over $.20 rather than the current $.05. The reason for the undervaluation is clearly a problem of lack of investor awareness. Once the financial community becomes more familiar with WCVC, the price and trading volume are projected to increase substantially.
It is important to also note that the indicated $.20 market comp price, is expected to be substantially higher than conventional restaurants because WCVC growth from CBD edibles has the potential to be several orders of magnitude higher than simply being a fast food enterprise. West Coast Ventures Group owns the fast-growing “Illegal Burger” franchise chain and the Mexican Restaurant chain , “El Senor Sol” that are pioneers in the cannabis edibles industry and is positioned to garner a substantial market share in a booming industry. WCVC is also planning on offering popular Illegal Pizza franchises.
Company Sales Market Cap
Shake Shack (SHAK)$492,000,000 $2,370,000,000
FAT Brands (FAT) $19,000,000 $48,000,000
Jack in the Box (JACK) $872,000,000 $2,230,000,000
Wendy’s (WEN) $1,300,000,000 $4,600,000,000
Rave Restaurant Group $12,000,000 $44,000,000
Dunkin’Brands (DNKN) $1,340,000,000 $6,500,000,000
Chipotle (CMG) $5,000,000,000 $19,600,000,000
TOTAL $9,035,000,000 $35,392,000,000
The average share price ratio to sales for this group is 3.91 to 1.
WCVC reported 2018 sales of $3,054,623. The current ratio of 3.91 times $3,054,623 equals a fair market comp price for WCVC of slightly over $.20 and does not give any weight to the fact that they are a new venture with an unsaturated high growth market. We will save forecasting price projections for those better suited to the task, but for now it is clear that WCVC shares are an exceptional bargain at anything under $.20 with a strong potential to see prices approaching $.50 in 12 months.
About West Coast Ventures Group Corp.
Based in Denver, Colo., West Coast Ventures Group Corp. (WCVC) develops, owns and operates two contemporary restaurant concepts: Illegal Burger, a quick-casual burger + bar concept, and El Señor Sol, a full-service fresh Mexican restaurant (6 total restaurant locations in the Denver, Colorado area). The company also revealed plans for Illegal Pizza franchises. Led by seasoned restaurant entrepreneurs, WCVC management is committed to scaling both modern sustainable concepts into national franchise models operating metro-styled restaurants serving only the finest and freshest natural ingredients.
Except for the historical information presented herein, matters discussed in this release contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging MicroCaps or its principals may have been compensated for its services in the form of cash-based compensation or equity securities in the companies it writes about. The Information contains forward-looking statements, i.e. statements or discussions that constitute predictions, expectations, beliefs, plans, estimates, or projections as indicated by such words as ''expects,'' ''will,'' ''anticipates,'' and ''estimates''; therefore, you should proceed with extreme caution in relying upon such statements and conduct a full investigation of the Information and the Profiled Issuer as well as any such forward-looking statements.