Enviro-Serv, Inc. (OTCMKTS: EVSV) has been making big moves in recent weeks exploding out of triple zero land and quickly transforming into a volume leader on the OTCBB.
The Company recently announced their plans to expand into the booming hemp market. According to CEO Chris Trina “HEMP is an untapped market of 10 or 20 billion dollars and EVSV plans to get their fair share.”
Enviro-Serv, Inc. (OTCMKTS: EVSV) is diversifying its current services into new offerings in order to win a larger share of the approximate $45 billion in contracts awarded annually by the US Government. Enviro-Serve is expanding upon its current experience with US Government General Services Administration (GSA) contracts to offer new services under GSA contracts. Even as a small business today, the opportunity for Enviro-Serve with GSA contracts is still large with nearly $2 billion in contracts awarded annually by the US Government to small businesses. Enviro-Serv plans to apply for GSA certification separate from the pest control GSA certification under which it has secured service contracts in the past. In addition to its current services, Enviro-Serv expects to increase GSA sales providing new services within its existing Tampa, Florida territory in addition to expanding into new geographic regions through the acquisition of independent service companies.
The Company recently announced their plans to expand into the hemp market as part of the company’s overall recently announced plans to expand is current service offerings. The global hemp industry market size is expected to reach $10.6 billion by 2025. In the U.S., hemp is currently a Schedule I federally controlled substance, in the same legal category as LSD, heroin, and Ecstasy. For the last four years, hemp could only be grown in the U.S. in limited quantities and only in conjunction with a university research project. Now hemp is expected to be universally removed from schedule 1 and official sanctions as a legal crop within the U.S. with the anticipated passage of the 2018 Farm Bill.
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last month EVSV announced expanding its reach in preparation for the anticipated nationwide legalization of hemp farming contemplated as part of the 2018 Farm Bill. In anticipation of the legalization of hemp, EVSV is preparing to bring its expertise in organic fertilizers and other potential critical necessities to the industrial hemp farming market. The company has already been in conversations with parties currently engaged in the U.S. hemp sector. In particular the company anticipates a joint venture announcement with a cannabis cultivation operation working to develop a proprietary hemp cultivar to be coming soon.
EVSV’s plans to expand into the hemp market are part of the company’s overall recently announced plans to expand is current service offerings. The company recently announced plans to diversify its current government focused service offerings enabling the company to win a larger share of the approximate $45 billion in contracts awarded annually under U.S. Government General Services Administration (GSA) contracts. The company plans to soon release a three-year growth plan to include a revenue object.
In a recent interview with EVSV CEO Chris Trina said “We have have many, many contracts in the pest control side; in 2018 for the first time ever we were able to secure government contracts from a prime government contractor equaling almost $50 thousand in sales in the first half of 2018. We are excited about these affiliations that has now led us to a new subsidiary called Patriot Diversified Services which will be partnering with disabled veterans which is a massive market.” Chris continued on the Farm Bill; “Due to the Farm Bill that was revised by the US Senate in the summertime of 2018, passed the Senate, my sources tell me that this will pass the house and go to the President for a reformed farm bill of 2018 allowing for the legal production of Hemp and taking it off the banned list of the DEA. We believe if this happens it will be an untapped market of 10 or 20 billion dollars and EVSV plans to get their fair share of that. We have aligned ourselves with an advisory council, meetings took place in Dallas and we are very excited to move forward on that front.”
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Currently trading at a $2.5 million market valuation EVSV has little cash or revenues and $1.9 million in debt on the books. EVSV is an exciting Company that is looking to cash in on approximate $45 billion in contracts awarded annually by the US Government. The Company also recently announced their plans to expand into the booming hemp market. We will be updating on EVSV when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with EVSV.
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Disclosure: we hold no position in EVSV either long or short and we have not been compensated for this article.