Sack Lunch Productions Inc. (OTC Pink: SAKL) specializes in event management, film production, and distribution with a focus on domestic and international owned and franchised events. These events have become increasingly popular among the Millennial generation as an alternative form of entertainment.
The company’s core subsidiaries in the event entertainment industry include:
The company also holds a majority interest in Green Endeavors Inc. (OTC: GRNE) that operates Aveda-licensed salons and retail locations.
Growing Industry. Sack Lunch Productions is one of the only publicly-traded companies in the rapidly growing and highly fragmented $20 billion event entertainment industry. Since acquiring Springbok in August 2015, the company has steadily grown the number of events that it hosts over time.
Expanding Revenue. Sack Lunch Productions reported revenue that increased 121% to $10.7 million in FY 2015 and anticipates reaching $18 million in revenue in FY 2016. With a $5 million credit facility in place, the company is well positioned to achieve this ambitious target through organic growth.
Roll-Up Opportunity. Sack Lunch Productions has a unique opportunity to pursue roll-up acquisitions in the event entertainment industry given its fragmented nature. Management has demonstrated its ability to successfully execute these acquisitions with the bargain purchase of its initial operations.
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