Enviro-Serv, Inc. Makes Significant Investment Into Fast Growing, Highly Profitable, Tampa Based Coffee Company as They Venture Into the CBD Beverage Sector

Rhea-AI Summary

Enviro-Serv announces a 50/50 joint venture with Canna Capital, investing $75,000 in Tampa's Bean Bar Company. CEO Chris Trina highlighted the potential of the CBD beverage market, projected to reach $2.65 billion by 2025. This marks the second investment in a month, totaling $135,000 aimed at enhancing shareholder value. Enviro-Serv holds a 15% stake in Bean Bar and will receive a perpetual 5% royalty on sales starting this July. The new Bean Bar retail location is set to open in Tampa Palms by mid-October, with projected sales exceeding $750,000 in the next 12 months.

Positive

• Investment of $75,000 in Bean Bar Company supports growth and diversification.
• 15% ownership stake in Bean Bar along with a perpetual 5% royalty on sales enhances revenue streams.
• Projected sales revenue for Bean Bar expected to exceed $750,000 in 12 months.

Negative

• None.

Tampa, FL, July 28, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Enviro-Serv, Inc. is extremely excited to announce with a 50/50 joint venture split with Canna Capital and Jim Reitzner, Enviro-Serv, Inc. has deployed and invested $75,000 into Tampa based Bean Bar Company. The Bean Bar Company was formulated as a Florida corporation in January 2019 by founder and President Danielle Henry.

Enviro-Serv Chairman and CEO Chris Trina stated, “We are extremely pleased to have found this amazing opportunity as we’ve been searching hard at non-traditional, high margin dominant, small business growth companies to invest in. We feel entering this CBD beverage space will provide a strong return year over year. According to a study done and presented by the Food Institute, according to Brightfield Group, which closely monitors the market segment, by 2025, the CBD food and beverage market in the U.S. is expected to be valued at $2.65 BILLION. The opportunity for growth is undeniable, and growing long-term shareholder value is our main concern.”

Mr. Trina went on to say, “We recently announced investing $60,000 in a Michigan outdoor medical marijuana grow and now with this investment of $75,000 we’ve deployed $135,000 cash over the last 6 weeks for investments we feel strongly will enhance shareholder valuation both immediately and in the near future too. EVSV is very cognizant of achieving increased shareholder value we must increase revenue and profits exponentially and also utilize our available investment capital to potentially monetize our continued CBD investment in Wisconsin. We firmly believe with the thousands of customers already in the Bean Bar data base and growing daily we can “cross market” into CBD sales and pest control sales down the line.”

Danielle Henry, Founder and President of Bean Bar, has this to say to the EVSV investment community, “We are extremely excited for this new venture with our partners at EVSV. There will be a lot of growth happening quickly between both companies to include both coffee and CBD. The Bean Bar is thrilled about the opening of our first brick & mortar store located at 17018 Palm Pointe Drive in Tampa Palms. We are moving along at warp speed to open this new location and are striving for a mid-October grand opening.”

Trina ended his comments with these Bean Bar facts, “Our partnership/ownership agreement gives EVSV a 15% ownership stake in the Bean Bar Company. It also calls for a perpetual 5% top line sales royalty dividend commencing this July and paid monthly.  Current Bean Bar assets comprise of two brand new high tech fully equipped coffee trailers, pre purchased equipment for the new brick and mortar location and cash on hand equaling approximately $250,000. Projected 12-month sales revenues going forward without CBD or value-added products included for both trailers and the new store location should exceed $750,000. We are very excited about this new partnership and feel this opportunity opens many doors in the Tampa Bay area and look forward to funding the further expansion of the Bean Bar Company should be required.”

FOR FURTHER INFORMATION ON THE BEAN BAR COMPANY OR TO FOLLOW ON SOCIAL MEDIA PLEASE SEE BELOW LINKS:

https://m.facebook.com/thebeanbarco/

https://www.instagram.com/beanbar_co/?hl=en

www.beanbarco.com

Disclaimer/Safe harbor

This news release contains forward looking statements within the meaning of the Securities Litigation Reform Act. The statement reflects 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 company's liquidity position, the company's 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 press release might not occur.

Contact Christoph Trina

Chairman and CEO -EVSV

813- 708- 9910

FAQ

What is Enviro-Serv's recent investment in Bean Bar Company about?

Enviro-Serv invested $75,000 in Bean Bar Company as part of a 50/50 joint venture to tap into the growing CBD beverage market.

How much has Enviro-Serv invested recently in total?

Recently, Enviro-Serv has invested a total of $135,000 over the last 6 weeks, including a previous $60,000 investment in a Michigan medical marijuana grow.

When is the Bean Bar Company's new location opening?

The Bean Bar Company's new location in Tampa Palms is expected to open by mid-October.

What are the projected revenues for Bean Bar Company?

Projected sales revenues for Bean Bar Company are expected to exceed $750,000 in the next 12 months.

What market potential does Enviro-Serv see in the CBD beverage space?

The CBD food and beverage market in the U.S. is expected to be valued at $2.65 billion by 2025, indicating substantial growth potential.