(OTCQB:WCVC)
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DENVER, January 29, 2018 /PRNewswire/ — West Coast Ventures Group Corp. (OTCQB: WCVC) (“WCVC”) today announced it will be franchising its Illegal Burger restaurant chain. WCVC is a concept restaurant platform company with multiple concept restaurants in the works. WCVC currently has six restaurants in the Denver area under its Illegal Burger and El Señor Sol banners. Illegal Burger recently entered into an agreement with North American Cannabis Holdings (USOTC: USMJ) (“USMJ”) to rollout a pilot cannabis-themed restaurant in Colorado as part of USMJ’s spinoff of the AmeriCanna Cafe. WCVC plans to begin the sale of Illegal Burger franchises in 90 to 120 days. Management anticipates the franchise business to substantially add to the companies existing $3 million in approximate annual revenue.
Jim Nixon, CEO of WCVC commented, “We are excited about this upcoming new revenue stream for the Company. As many are aware franchising brings significantly greater bottom line profit compared to Company owned locations. We have received many inquiries over the last few months requesting the availability of franchises. We expect a very positive response to WVCV adding this aspect.”
AmeriCanna Cafe concept restaurant spinoff from USMJ is being effected by the sale of AmeriCanna Cafe to an independently listed public company, Priority Aviation (name change pending) (USOTC: PJET). The spinoff transaction includes a planned issuance of PJET stock to the shareholders of USMJ in a dividend distribution. Illegal Burger, a subsidiary of WCVC will partner with AmeriCanna Cafe to pilot a cannabis-themed restaurant in Colorado. The pilot will be launched in the form of a food truck featured in pop-up venues near a series of recreational marijuana dispensaries in Colorado. The pilot rollout is scheduled to start in the spring of 2019. AmeriCanna Cafe is expected to closely follow the successful Illegal Burger business model and similarly add a franchise offering to accelerate future growth.
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). 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.
Forward-Looking Statements
This document may contain forward-looking statements, relating to West Coast Ventures Group Corp operations or to the environment in which it operates, which are based on West Coast Ventures Group Corp operations, estimates, forecasts and projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict, and/or are beyond West Coast Ventures Group Corp control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Consequently, readers should not place any undue reliance on such forward-looking statements. West Coast Ventures Group Corp disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
For more information:
1 (303) 423-1300
https://www.westcoastventuresgroupcorp.com/
https://www.illegalburger.com/
SOURCE West Coast Ventures Group Corp.
DENVER, January 7, 2018 /PRNewswire/ — West Coast Ventures Group Corp. (OTCQB: WCVC) (“WCVC”) today announced an agreement with San Francisco-area based Biolog, Inc. to conduct a cannabis infusion technology trial. WCVC’s Illegal Burger recently announced a cannabis themed restaurant joint venture with the AmeriCanna Cafe. The cannabis infusion technology trial will be conducted in conjunction with the cannabis themed restaurant rollout. The proprietary technology from Biolog enables the infusion into virtually any food with a very accurate dose of fast onset, highly bioavailabile, cannabinoids.
Jim Nixon, CEO of WCVC commented, “We are excited about this upcoming trial and we hope to implement this technology across all of our properties. The Biolog products will enable us to infuse our foods with CBD, which is very popular right now and will be of great interest to our customers. We expect a very positive response to WVCV being the first culinary group to use CannaStix.”
The CannaStix products are solid seasonings and spice that not only infuse any cooked food with cannabinoids, but also make foods taste great. Biolog’s predecessor company launched a non-cannabis version of the product into the market place last year to considerable success. Biolog is expecting an even bigger response for the cannabidiol (CBD) version of the product line. Biolog plans to soon launch a series of cannabinoid infusion products for both food and beverages over the coming weeks. Biolog’s products are protected by multiple patents, which cover the product and the method of production.
West Coast Venture’s trial of CannaStix will utilize only the CBD versions of the product, but the companies have agreed to explore the possibility of distribution of all Biolog’s products within WCVC’s home state of Colorado to be included as part of the agreement signed by both companies.
CannaStix allow for a unique method to infuse cannabinoids into food. Inserted as a solid mass of seasonings, spices, flavorings and cannabinoids, into foods, the sticks liquefy during the cooking process to infuse flavorings and cannabis directly into the food from the inside out. Biolog utilizes a unique patented process that not only completely masks the usual bad cannabis taste profile, but also is proven, via clinical studies, to increase bioavailability of ingested CBD significantly.
AmeriCanna Cafe is a concept restaurant business subsidiary conceived and launched by North American Cannabis Holdings (USOTC: USMJ) (“USMJ”). USMJ recently affected a spinoff the of the AmeriCanna Cafe through the sale of the asset to an independently listed public company, Priority Aviation (Name Change Pending) (USOTC: PJET) (“PJET”). The spinoff transaction includes a planned issuance of PJET stock to the shareholders of USMJ in a dividend distribution. Illegal Burger, a subsidiary of West Coast Ventures will partner with AmeriCanna Cafe to pilot a cannabis-themed restaurant in Colorado. The pilot will be launched in the form of a food truck featured in pop-up venues near a series of recreational marijuana dispensaries in Colorado. The pilot rollout is scheduled to start in the spring of 2019.
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 restaurants in the Denver Colorado area). 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.
About Biolog, Inc.
Privately held Biolog, Inc., located in the San Francisco Bay area, has been organized to capitalize on the fast growing market for cannabidiol (CBD) edibles and beverages. Biolog products solve many of the industry’s most pressing issues concerning cannabis edibles and beverages by offering precise dosing, micro-dosing, fast onset times, high bioavailability, taste masking and ease of use.
Forward-Looking Statements
This document may contain forward-looking statements, relating to West Coast Ventures Group Corp operations or to the environment in which it operates, which are based on West Coast Ventures Group Corp operations, estimates, forecasts and projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict, and/or are beyond West Coast Ventures Group Corp control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Consequently, readers should not place any undue reliance on such forward-looking statements. West Coast Ventures Group Corp disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
For more information:
1 (303) 423-1300
https://www.westcoastventuresgroupcorp.com/
https://www.illegalburger.com/
SOURCE West Coast Ventures Group Corp.
DENVER, November 8, 2018 /PRNewswire/ — West Coast Ventures Group Corp. (OTCQB: WCVC) (“Company”), parent company of fast-casual dining concept Illegal Burger, offering hand-crafted burgers + bar and fast-casual Mexican restaurant chain El Senor Sol, announced today that it has opened its fifth Denver area Illegal Burger location at 652 S. Colorado Blvd in Glendale, Colorado. The fast-casual sector currently accounts for approximately $780 billion in annual sales.
The total completion time for this location from signing the lease to opening for business was only 90 days. This is in line with Illegal Burger’s Rapid Restaurant Buildout Model which allows the company to get new locations up and running quickly. This model combines its commitment to sustainable design with a modular approach which results in a lower buildout cost and a greater speed to revenue for each new location. This approach shortens the journey from the initial investment to profitability and will likely become the preferred model for the restaurant industry in the future.
Commenting on the new location, WCVC Founder and CEO Jim Nixon said, “We are delighted with the speed of the buildout of this new location and further proving the value of our Rapid Restaurant Buildout Model. And for the short time this location has been open, we are pleased that the revenue run rate is exceeding our projections. We believe that our pioneering approach will bring incredible additional value to our customers and shareholders.”
The Company is also optimistic about the prospects for its concept cannabis themed restaurant partnership recently announced with North American Cannabis Holdings, Inc. (USOTC: USMJ) (“USMJ”). USMJ last week announced the spinoff of its AmeriCanna Cafe restaurant business. USMJ management remains in control of the spinoff company now independently listed under the ticker symbol USOTC: PJET. USMJ shareholders are receiving a dividend of PJET stock as part of the spinoff transaction. WCVC management is considering an equity stake in the AmeriCanna Cafe to potentially include a stock dividend to WCVC shareholders similar to the pending stock dividend planned for USMJ shareholders.
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 (5 restaurants in the Denver Colorado area). 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.
Forward-Looking Statements
This document may contain forward-looking statements, relating to West Coast Ventures Group Corp operations or to the environment in which it operates, which are based on West Coast Ventures Group Corp operations, estimates, forecasts and projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict, and/or are beyond West Coast Ventures Group Corp control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Consequently, readers should not place any undue reliance on such forward-looking statements. West Coast Ventures Group Corp disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
For more information:
https://www.westcoastventuresgroupcorp.com/
James Nixon
investor@illegalburger.com
+1(303)995-7526
Source: West Coast Ventures Group Corp.
DENVER, Colorado, October 23, 2018 /PRNewswire/ — West Coast Ventures Group Corp. (OTCQB: WCVC) and the AmeriCanna Cafe today announced entering into an agreement to rollout a pilot cannabis-themed restaurant in Colorado.
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 (5 restaurants in the Denver Colorado area). 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. The Company generates gross annual sales of $2,725,000.
AmeriCanna Cafe is a concept restaurant business subsidiary of North American Cannabis Holdings (USOTC: USMJ) slated for an imminent spinoff. The spinoff is being affected by the sale of AmeriCanna Cafe to an independently listed public company yet to be disclosed. The spinoff transaction includes a planned issuance of stock in the independently listed public company to the shareholders of North American Cannabis Holdings in a dividend distribution.
In conjunction with the agreement announced today, Illegal Burger, a subsidiary of West Coast Ventures will partner with AmeriCanna Cafe to pilot a cannabis-themed restaurant in Colorado. The pilot will be launched in the form of a food truck featured in pop-up venues near a series of recreational marijuana dispensaries in Colorado. The pilot rollout is scheduled to start in the spring of 2019.
The initial agreement between Illegal Burger and AmeriCanna Cafe does not include any exchange of equity between the two companies or their respective parent companies. Management of both companies indicates a future equity exchange is possible.
For more information on West Coast Venture Group and Illegal Burger:
https://www.westcoastventuresgroupcorp.com/
https://www.illegalburger.com/
For more information on North American Cannabis Holdings and AmeriCanna Café:
https://www.growusmj.com/restaurant
Disclaimer/Safe Harbor:
This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company’s current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies’ contracts, the companies’ liquidity position, the companies’ ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur. These statements have not been evaluated by the Food and Drug Administration. These products are not intended to diagnose, treat, cure, or prevent any disease.
Steven Rash
CEO North American Cannabis Holdings, Inc.
info@aciconglomerated.com
+1-800-861-1350
James Nixon
investor@illegalburger.com
+1(303)995-7526
SOURCE West Coast Ventures Group Corp. & North American Cannabis Holdings
About West Coast Ventures
We’re Experts in the Restaurant Industry
You have a dream. – We have the recipe for your success. – We Create Extraordinary Results
We are in the business of creating extraordinary results, And we are changing the business world, one success story at a time. We bring our knowledge, experience and expertise. You bring your commitment to learning, building and growing. Together we will create success beyond your greatest expectations.
Formula for Success
Our team includes deep restaurant management experience, business experts from multiple industries, marketing experts and investment experts. Together they form the secret sauce to our success and yours.
Standard of Excellence
We know that excellence is more than a slogan. It requires focus and commitment in every moment by an entire team, from the CEO to the dishwasher. In our world, no task is too large or too small and everyone is important.
Our Plan for Growth
Our growth strategy consists of the following components:
1. Organically expand our existing restaurant holdings with a focus on growing revenue and profit. What that looks like is investing $500,000 each quarter to open 3 new locations per quarter. This will add $800,000 to $1,000,000 revenue annually per new location for a total increase of $4,800,000 to $6,000,000 in annual revenue added to existing $3,000,000 annual revenue, so that at the end of six months we are on a $9,000,000 annual revenue run rate after adding the 6 new locations.
2. We have begun the process of setting up our franchising system with the goal of actively selling franchises within six months.
3. Find underdeveloped and under-valued restaurant properties and apply our successful growth model to their businesses.
4. Innovate and develop bold new dining concepts
Executing Our Plan
We have proven our concept and are well into scaling it. However, achieving exponential growth in both revenue and profit will require the following:
1. Long Term Partners
It takes time, a lot of hard work and financial resources to successfully execute a solid plan. For that reason, and others, we are seeking long term investors who seek a return on their investment but who are also committed to the power for good in each restaurant property.
2. Capital for Expansion and Potential Acquisitions
An important part of our growth strategy is acquisition of viable restaurant properties. And while we know that there are a variety of sources of financial leverage available we anticipate requiring cash for at least some percentage of the acquisition price as well as for physical improvements that may be required post purchase.
3. Other Uses for Cash
While most ongoing improvements will be funded out of existing revenues we find it prudent to have enough working capital to meet unexpected major expenses.
Maximizing Shareholder Value
We are committed to maximizing shareholder value and our growth strategy is designed to do exactly that. We expect that our success in the restaurant business and our ability to profitably expand our markets and locations when combined with our entry into the franchising market will translate into significant ROI for our shareholders.
Management
About Jim Nixon
Jim Nixon is CEO of West Coast Ventures Group Corp. Its holdings include Denver area chain Illegal Burger which Mr. Nixon founded in 2013. Mr. Nixon brings more than 30 years of progressively responsible experience in every facet of the restaurant business. Over that time, he has developed a reputation as a leading entrepreneur and innovator in the industry. He has directed as many as 200 employees in various restaurant companies generating over $25 million in revenue annually. Jim has led these restaurants and their teams through start-up, rebranding, turnaround, and growth.
As a top executive in the hospitality industry, Mr. Nixon has nurtured restaurants into profitability and streamlined processes to create efficiency. He has a comprehensive command of SOP creation, zero-based budgeting, quality assurance, and internal-audit procedures and is considered by many to be an effective leader and motivator.
Mr. Nixon’s vast experience includes the following:
> Regional Director of Specialty Restaurants Corporation, a California based destination-restaurant business, and home to the world-famous Polynesian-themed Reef in Long Beach, California, and a second restaurant, Castaway, in Burbank, California. This included more than 100 restaurants across the U.S., such as the Proud Bird adjacent to Los Angeles International Airport and the 94th Aero Squadron at the Van Nuys Airport. Scope of responsibilities included managing this renowned Company’s profitability and brand while maintaining day-to-day regional operations.
> Director of Food and Beverage for Wyndham Resorts, a major hotel resort company, with locations worldwide. Mr. Nixon was in charge of continuing to expand the Wyndham brand through ever-changing food-and-drink menus, rebranding ideas, and retaining customers in the resort dining and entertainment area.
Source: https://www.westcoastventuresgroupcorp.com/
Disclaimer
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This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNMG undertakes no obligation to update such statements.
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