New York, New York–(Newsfile Corp. – September 9, 2021) – Pacific Ventures Group, Inc. (OTC Pink: PACV) (the “Company”), a food and beverage holding company specializing in the distribution of consumer food, beverage and alcohol-related products, was the subject of recent coverage by leading financial news website and publisher, SmallCapsDaily. The article is a detailed analysis of Pacific Ventures Group’s trajectory within the food and beverage industries. The company began with the production of alcohol-infused ice creams and ice treats under its brand SnöBar and now operates through its 3 subsidiaries – the previously mentioned, SnöBar, as well as Seaport Meat, and San Diego Farmers Outlet. Pacific Ventures Group distributes meat through Seaport Meat Co., and sells fresh fruits and vegetables through its San Diego Farmers Outlet subsidiary. Founded by food industry innovator, Shannon Masjedi, the company supplies food products to many hotels, restaurants, resorts, food trucks, caterers, and clubs, as well as pubs. Given Pacific Ventures Group’s positioning in the food and beverage market, as well as the expansion of the customer base of its subsidiaries to include hospitals, nursing homes, and naval bases, the company is clearly headed in a positive direction.
For more detailed information, please click here for the full article at the SmallCapsDaily website.
- Seaport Meat, the largest revenue earning subsidiary of Pacific Ventures, not only manufactures and wholesales custom processed beef, pork, lamb, chicken, veal and seafood products, it also has an online model for the direct-to-consumer sale of meat products.
- SnöBar offers three major types of ice pops, including Mojito, Margarita, and Cosmopolitan, that replicate the distinct experience and flavor of the traditional cocktails.
- The company recently announced that they have generated $11.6 million in revenues for Q2, a growth of 33% compared to the $8.7 million number reported in Q2 2020, taking their annualized runrate close to $45 million.
About Pacific Ventures Group, Inc.
Pacific Ventures Group, Inc. (OTC Pink: PACV) is focused on expansion within the consumer products, food, beverage and alcohol-related industries. For more information on PACV, please visit www.pacvgroup.com. (You need to be at least 21 years of age (legal age to consume alcohol) to visit the section of the web site dedicated to SnöBar.)
SmallCapsDaily profiles are not a solicitation or recommendation to buy, sell or hold securities. SmallCapsDaily is a paid advertiser and is not offering securities for sale. Neither SmallCapsDaily nor its owners, operators, affiliates or anyone disseminating information on its behalf is registered as an Investment Advisor under any federal or state law and none of the information provided by SmallCapsDaily its owners, operators, affiliates or anyone disseminating information on its behalf should be construed as investment advice or investment recommendations. Small Caps Daily does not recommend that the securities profiled should be purchased, sold or held and is not liable for any investment decisions by its readers or subscribers. Information presented by Small Caps Daily may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance, are not statements of historical fact and may be “forward-looking statements.” Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements may be identified through the use of words such as “expects,” “will,” “anticipates,” “estimates,” “believes,” “may,” or by statements indicating that certain actions “may,” “could,” or “might” occur.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/95960