Enviro-Serv, Inc. (OTCMKTS: EVSV) affected a 1 for 2000 reverse stock split on January 14 opening up for trading on January 15 with the new temporary ticker symbol: EVSVD. The stock has seen a surge of interest in recent months after announcing 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.
Enviro-Serv, Inc. 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.
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EVSV has been a bit short of news lately; the Company is a sponsor of Purations EVERx CBD Sports Water which will be the debut product on the North American Holdings new ecommerce website. The RELI’s Chairman and CEO, Ezra Beyman, stated, “Over the past three months, we have made significant progress in our strategy to pursue targeted acquisition opportunities, including both insurance agencies and real estate projects. Specifically, we are leveraging our extensive experience in the real estate and insurance agency sectors to identify attractive investments in these categories. We have already made tremendous progress in a relatively short period, and look forward to continuing to update our shareholders on our continued progress.”
EVSV is 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.
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Currently trading at a $500k 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 that recently announced their plans to expand into the booming hemp market. The Company affected a 1 for 2000 reverse stock split on January 14 and will temporarily trade as EVSVD. 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.