DENVER, July 30, 2019 /PRNewswire/ -- West Coast Venture Group, Corp. (Other OTC: WCVC) ("WCVC") is pleased to announce the overwhelming success of their Illegal Brands CBD offerings, in particular the Illegal Burger franchise. WCVC represents the first CBD restaurant stock
Illegal Brands CBD
WCVC could not have chosen a better moment to become America's first CBD restaurant stock. The industry is rapidly reaching a point where the synergy between the food and beverage sector and CBD represents a key competitive business and branding advantage, in a large part due to the passage of the Farm Bill. We have reacted to position ourselves at the forefront of this new moment.
Our flagship Illegal Burger restaurant concept forms the core of our strategy. WCVC has carefully cultivated an iconic brand that is deeply rooted in good health, quality food, and local ingredients.
We have already created a full CBD menu and offer Illegal Brands CBD sachets at all our locations along with Illegal Brands CBD water.
Illegal Burger Restaurants see success
Two of WCVC's flagship Illegal Burger locations 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.
We had a very 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 seatings - we expect to have a breakthrough year.
Building on a strong 2018 performance
During the course of 2018 WCVC generated $3,054,623 in revenue and has seen consistent year-over-year growth. This trend has continued into 2019 and in quarter 1 there was 21.55% growth in one of the restaurant sectors slowest quarters.
WCVC is developing a series of exciting plans for the final half of 2019 which will perfectly position us to take part in the exploding CBD space. Keep your eye on the news feed for more information or sign up here for regular news
About West Coast Ventures Group Corp.
Based in Denver, Colo, West Coast Ventures Group Corp. (Other OTC: WCVC) is America's first CBD restaurant stock under Illegal Brands and operates a number of contemporary restaurant concepts including the flagship Illegal Burger, a quick-casual burger + bar concept. 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.
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.
View original content to download multimedia:http://www.prnewswire.com/news-releases/wcvc-americas-first-cbd-restaurant-stock-continues-to-disrupt-the-restaurant-industry-300893067.html