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 Res (CAVR) provides investors and industry observers with essential updates through this comprehensive news hub. As a holding company focused on construction and logistics operations, our news feed delivers official announcements regarding strategic restructuring, compliance milestones, and portfolio management developments.
This resource consolidates all material disclosures including earnings reports, operational updates, and regulatory filings. Users gain direct access to primary source information about CAVR's ongoing transformation, financial negotiations, and industry-specific initiatives. Key updates typically cover operational streamlining in construction subsidiaries, logistics portfolio adjustments, and progress toward OTC Markets compliance objectives.
Bookmark this page for verified updates on CAVR's efforts to optimize its business units while maintaining rigorous governance standards. Regular visitors benefit from chronological organization of news items, enabling efficient tracking of the company's evolving position in competitive construction and logistics markets.
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.
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.
CAVU Resources (OTC: CAVR) has appointed Grant Edwards as its interim Chief Financial Officer. Edwards has extensive experience in finance, having served in key financial roles for multiple companies, and he aims to drive CAVU's strategy to evolve into a platform holding company focused on real estate, technology, education, entertainment, and health and wellness. Additionally, the company has engaged Conner & Winters, LLP for legal counsel and a top 100 accounting firm for auditing, marking a significant step in its transformation.
CAVU Resources (OTC: CAVR) has transformed its Soku app to adapt to changing online behaviors amid COVID-19. The app will no longer be marketed as a cannabis-centric platform but will maintain its core functionalities. The launch of a limited version of Soku on April 20, 2021, marks this new direction. The company plans to develop Soku Version 2 utilizing recent advancements in app development technology. Executive Chairman Bob Silver emphasized the company's commitment to delivering on Soku’s launch and expanding its user base beyond cannabis enthusiasts.
CAVU Resources (OTC: CAVR) announced an ambitious strategic plan focused on enhancing shareholder value through a rebranding to LiveToBeHappy. The company aims to build, acquire, and invest in companies that support personal happiness across five primary divisions: Real Estate, Education, Technology, Entertainment, and Health and Wellness. Notably, Sinacori Builders is experiencing record revenue growth, and the Growing Together Academy is set to launch. However, the CEO emphasizes the need for execution to translate excitement into tangible results.
CAVU Resources has announced a significant leadership change with the appointment of Kevin Vincent Cox as the new Chief Executive Officer, succeeding Robert Demes. Bob Silver transitions to Executive Chairman, while Russ Sinacori takes on the role of Chief Operating Officer. Cox, who has a robust track record, aims to drive the company's vision in building, acquiring, and advancing companies across various sectors. He is personally investing in the company, accepting a unique options package to align his compensation with shareholder interests.
CAVU Resources (OTCPK: CAVR) reported a record revenue of $10.52 million for 2020, with fourth-quarter revenue soaring 727% to $8.03 million compared to Q3 2020. The net income surpasses $2.2 million, with $451,000 recognized in 2021 from a deal with Toll Brothers. The Charlotte housing market, where Sinacori Builders operates, is projected to grow 19% in 2021. Upcoming developments include a multi-hundred-lot contract and a potential corporate rebranding, aimed at enhancing shareholder value.
CAVU Resources (OTC: CAVR) invites shareholders to join Week Four of "The Facts Series" on October 8, 2020, at 4:00 pm EDT, featuring Toi Hershman. The session will showcase the "Growing Together Academy" educational platform aimed at alleviating educational needs for young families. Hershman will outline the platform's unique curriculum, student engagement strategies, and revenue potential through subscriptions. CEO Bob Silver praised Hershman’s contributions, expressing enthusiasm for the project. Interested parties can join via Webex for further insights.
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