Welcome to our dedicated page for Cavu Res news (Ticker: CAVR), a resource for investors and traders seeking the latest updates and insights on Cavu Res stock.
CAVU Resources Inc. (CAVR) issues frequent updates on its restructuring efforts, energy initiatives, and portfolio of operating and planned businesses. Company news has covered its evolution from operating under the ParagonX Holdings name as a holding company in construction and logistics to its current focus on developing undervalued assets and managing a diversified mix of energy, logistics software, and digital infrastructure concepts.
Recent announcements highlight CAVU Resources’ work to settle and eliminate prior debt obligations, restructure its balance sheet, and evaluate spin-offs of distinct business models. News items describe proposed stock dividends tied to the spin-off of energy and digital asset-related operations, as well as the Post.Bid.Ship., Inc. logistics software business, allowing shareholders to participate separately in each initiative, subject to definitive agreements and regulatory processes.
Energy-related news includes an MOU for a potential 50% interest in a micro-grid developer that plans to use natural gas reserves and cogeneration to produce electricity, and preliminary work by Pulse Energy Inc. on conceptual data center solutions for digital asset mining and turbine-powered computing. The company emphasizes that these projects are contingent on due diligence, financing, and other conditions, and that no commitments have been made to proceed with specific deployments.
Historical releases under the ParagonX Holdings name document management transitions, divestitures of certain subsidiaries, debt reductions, share base consolidation, and strategic reviews of acquisition opportunities. Investors following CAVR news can track developments in corporate restructuring, proposed acquisitions, energy and digital infrastructure concepts, and logistics software plans, as the company continues to outline its transformation and future direction.
LiveToBeHappy (OTCM: CAVR, soon to be LTBH) announced a series of successful transactions that bolster its real estate platform. The company closed a $4.5 million sale of townhome sites to Tri-Pointe Builders in Charlotte, acquired land for seven estate homes worth $2.2 million, and secured contracts for three custom homes exceeding $1 million each. Additionally, they obtained rights for 42 lots in Gastonia and rezoned 100 acres in Rock Hill for multi-family development. The developments reflect growing demand for residential real estate in the Southern U.S.
LiveToBeHappy, Inc. (OTCM: CAVR, soon to be LTBH) announced progress towards uplisting to the OTCQB by filing Form 10 with the SEC. A New York firm will finance accounting and financial costs for the transition, while also granted investment rights up to $2 million. CEO Kevin Vincent Cox expressed enthusiasm about increased visibility and capital for business expansion, particularly in supply chain areas. CFO Grant Edwards emphasized the company's focus on transparency and leveraging market opportunities to enhance shareholder value.
LiveToBeHappy, Inc. is rebranding PostBidShip as HARDHATFREIGHT.com to capitalize on the growing construction freight market. The acquisition of PostBidShip enhances the company’s technology platform and aims to streamline real estate development while diversifying revenue streams.
PostBidShip has seen over 350% growth in heavy freight spend within the real estate and construction sectors year-to-date. The transaction adds $5 million of capitalized software without debt, improving the balance sheet and creating shareholder value.
LiveToBeHappy, Inc. (OTCM: CAVR, soon to be LTBH) announced strategic initiatives to enhance its transformation strategy and advance its uplisting to the OTCQB. Key actions include increasing authorized common shares from 1.5 billion to 2.35 billion to support ongoing acquisitions and converting 400 million common shares to restricted Preferred B shares. CEO Kevin Vincent Cox emphasized this strategy aims to boost revenue and EBITDA generation while enhancing visibility to investors. The company is finalizing transactions to become a vertically integrated real estate developer.
LiveToBeHappy, Inc. (OTCM: CAVR, soon to be LTBH) announced a partnership with Alpha IR Group to enhance its investor relations as part of its transformation into a leading real estate company. CEO Kevin Vincent Cox stated that this strategic alliance aims to improve investor messaging following their M&A strategy, aiming for growth and a more diversified revenue stream. Alpha IR's CEO Chris Hodges emphasized the company's strong growth potential and the leadership team's experience. The partnership is expected to build brand awareness and drive shareholder value.
LiveToBeHappy, Inc. (OTCM: CAVR, soon to be LTBH) has reported significant progress in its transformation strategy. The company has initiated a formal process for debt financing to support acquisitions with Dragonfly Capital Partners. A non-binding $150 million debt proposal was received from a Texas bank, and due diligence is in the final stages for pending acquisitions. Additionally, Sinacori Builders secured $3.3 million in new bookings. The appointment of Michael Murphy as Chief Technology Officer is expected to enhance operational integration.
LiveToBeHappy, Inc. (OTC: CAVR) reported Q2 revenue of $2.7 million and $3.9 million for the first half of 2021. The company has achieved positive adjusted EBITDA year-over-year despite inflationary pressures in lumber and building materials. CEO Kevin Vincent Cox confirmed expectations for improved margins as pricing pressures ease and reaffirmed full-year revenue and earnings guidance. LiveToBeHappy is progressing towards its first of seven planned acquisitions and enhancing its technology platform, which includes the Growing Together Academy. CFO Grant Edwards highlighted ongoing diligence for these acquisitions.
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CAVU Resources, Inc. (OTC: CAVR) is transitioning its name to LiveToBeHappy, Inc., effective immediately after filing the necessary documents with the State of Nevada. The Board approved this change on June 17. The company is also pursuing several acquisitions, with anticipated consolidated annualized revenue nearing $55 million and EBITDA of $6.5 million. To support this growth, CAVU has engaged Dragonfly Capital as its investment bank. A shareholder call is scheduled for June 23, 2021, to discuss further details of the acquisitions and strategic plans.
CAVU Resources, Inc. (OTC: CAVR) has announced the sale of Alexander Manor to JP Orleans for the development of high-end homes in Charlotte, NC. The company reported Q1 2021 earnings of $0.1 million on revenue of $1.3 million, maintaining guidance amid industry inflation. CEO Kevin Vincent Cox expressed confidence in the company's strategy and potential growth, aiming for record results in real estate. The company's trailing twelve-month performance shows $10.3 million in revenue and over $1 million in EBITDA, with a promising project pipeline.
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