Welcome to our dedicated page for METAVESCO news (Ticker: MVCO), a resource for investors and traders seeking the latest updates and insights on METAVESCO stock.
Metavesco, Inc. (OTC PINK:MVCO) is a pioneering web3 enterprise and digital asset innovator, actively transforming the digital landscape. The company is known for generating revenue through its role as a crypto liquidity provider on decentralized exchanges like Uniswap and farming tokens via Proof of Stake protocols. Their comprehensive operations extend to bitcoin mining, with facilities hosted in Texas, Kentucky, and Iowa.
One of Metavesco's exciting ventures is Boring Brew, a wholly owned subsidiary celebrated for its specialty coffee bags and cold coffee, featuring NFT artwork. Recently, Boring Brew expanded its reach by listing products on Walmart.com, providing consumers with a unique blend of flavor and quality. Each coffee bag is meticulously roasted on-demand, ensuring the highest quality. The brand's packaging, adorned with artwork from prominent NFT collections like Bored Ape Yacht Club and CryptoPunks, offers an unparalleled fusion of taste and aesthetics.
Metavesco has made significant strides in expanding its operational capacity. In November 2023, the company ordered 50 Bitmain Antminer S19k Pro bitcoin miners, with an additional 50 miners expected by December. This move aims to bolster their bitcoin holdings, reflecting a strong commitment to long-term growth in the digital asset space.
The company is diversifying its ventures further. In a strategic move, Metavesco will acquire all operating assets from Laborsmart, Inc. and Epic Labor, Inc., integrating these under a unified brand to enhance their staffing services. This acquisition includes a client base featuring high-profile names like the Kansas City Chiefs and Royals.
Additionally, Metavesco secured $650,000 in non-convertible funding to support its growth initiatives, including marketing for Boring Brew and expanding bitcoin mining operations. In line with their commitment to shareholder value, Metavesco announced a stock buyback program worth up to $1 million to reflect their confidence in the company's future prospects.
Metavesco's dedication to web3 and digital asset innovation, combined with strategic acquisitions and expansions, positions it as a formidable player in the rapidly evolving digital economy. For more updates and detailed information, visit their official website and stay tuned for the latest news.
Metavesco (OTC PINK: MVCO) has announced a 100-for-1 forward stock split of its common stock, effective December 23, 2024. Shareholders of record as of October 30, 2024, will receive 100 shares for each share held. Trading on a split-adjusted basis will begin on December 24, 2024.
The company has also increased its authorized shares from 600 million to 15 billion. According to CEO Ryan Schadel, this move aims to enhance shareholder value by increasing share liquidity and attracting a broader investor base. The company emphasizes its toxic debt-free status as a distinguishing factor in the OTC market.
Metavesco (OTC PINK:MVCO) announced that its wholly owned subsidiary, Epic Labor, achieved revenue of $177,682 in its first month of operation in October. The company, focusing on blue collar staffing solutions, plans to expand its geographic footprint, invest in recruitment technologies, and develop partnerships in construction, logistics, and manufacturing industries. Epic Labor's growth strategy aligns with Metavesco's goal of driving shareholder value through scalable business opportunities.
Metavesco, Inc. (OTC PINK:MVCO) has successfully acquired key assets from Epic Labor, Inc., a Georgia-based provider of on-demand temporary staffing solutions. The acquisition includes customer contracts, tangible assets, and operating assets of Epic Labor's Nashville and Knoxville branch offices. Metavesco will rebrand these offices under its newly created subsidiary, Epic Labor, Inc.
Ryan Schadel, CEO of Metavesco, expressed enthusiasm for the acquisition, highlighting the staffing industry's $200 billion annual revenue in the US. He emphasized the alignment with Metavesco's strategic vision of diversifying holdings and investing in industries with resilient, long-term growth potential.
The transaction was completed on September 27, 2024. Metavesco aims to build the Epic Labor brand while adhering to its 'Build in Public' philosophy.
Metavesco (OTC PINK:MVCO) has announced a joint venture with Local Choice Spirits to launch a -edition bourbon series at the historic Striped Pig Distillery in Charleston. This partnership replaces an initial acquisition plan due to OTC market conditions. Metavesco has purchased 8-year-old barreled aged bourbon from Local Choice Spirits, forming the basis for a premium bourbon line.
The collaboration leverages Local Choice Spirits' production capabilities, licensing, and distribution network for efficient market entry. Ryan Schadel, CEO of Metavesco, expressed excitement about partnering with a respected name in the spirits industry. Paula "Pixie" Dezzutti of Local Choice Spirits highlighted the venture's focus on quality and craftsmanship. The rare, small batch bourbon is expected to hit the market before year-end, with branding and availability details to be announced soon.
Metavesco (OTC PINK:MVCO), a web3 enterprise and digital asset innovator, has announced two upcoming live events featuring CEO Ryan Schadel and incoming CEO Paula "Pixie" Dezzutti. On August 22nd at 9:15 AM, they will host a live stream from Striped Pig Distillery in South Carolina, discussing the company's recent acquisition and future vision. This will be streamed on Ryan Schadel's X account (@cryanschadel).
Following this, on August 23rd at 6:00 PM, Schadel and Dezzutti will appear on the JRC Stock Talk podcast, providing deeper insights into the acquisition's strategic benefits and Metavesco's growth plans. These events aim to engage shareholders and investors, demonstrating the company's commitment to transparency and growth.
Metavesco, Inc. (OTC PINK:MVCO) has signed a non-binding Letter of Intent to acquire Striped Pig Distillery and Local Choice Spirits of Charleston. The acquisition highlights include:
- Approximately 1000 barrels of aged bourbon, valued at over $18,000,000 retail
- 16 active product SKUs including vodkas, rums, gins, whiskeys, and tequila
- Product distribution in 20 states and e-commerce availability in most
- Distillery capable of producing 300 high-quality bourbon barrels annually
Upon closing, Metavesco will issue restricted common stock, preferred stock, and a $2 million convertible note, while assuming $1.2 million in debt. 'Pixie' Paula Dezzutti, the current leader of the acquired companies, will be appointed as Metavesco's new CEO.
Metavesco's subsidiary, Boring Brew , has been selected for the Made By ApeCoin Accelerator Program. This program, funded by the ApeCoin DAO, supports small businesses within the ApeCoin and Bored Ape Yacht Club communities. Boring Brew will receive up to 20,000 APE tokens in direct funding, alongside potential secondary funding and contributions through Thank Ape. CEO Ryan Schadel expresses gratitude and excitement for the opportunities this brings to enhance their specialty coffee offerings. This selection comes a year after Metavesco acquired Boring Brew, reflecting their commitment to innovation in the coffee industry. For more details, visit boringbrew.com.
Metavesco (OTC PINK: MVCO), a web3 and digital asset company, announced its exploration of acquiring a historic distillery in South Carolina.
The firm has initiated a due diligence process and plans to draft a Letter of Intent shortly. CEO Ryan Schadel expressed excitement about the acquisition, noting the distillery's award-winning status and alignment with Metavesco's strategy for brand expansion.
The distillery's rich history and market reputation could significantly enhance Metavesco's offerings.
While there is no certainty of a deal, Metavesco aims to make a definitive decision soon.
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