- The
company plans a nationwide expansion of its Where’s Weed segment and
related assets
- Total
sales force expected to triple so as to cover the entire U.S. market,
while network of distributors and dispensaries integrated into the Where’s
Weed mobile platform will also grow
- Where’s
Weed’s rapid growth is coinciding with legislative changes in the U.S.
that are anticipated to stimulate the significant expansion of the legal
cannabis industry over the coming years
Golden Developing Solutions Inc. (OTC: DVLP), an emerging
leader in the cannabis, hemp and cannabidiol (CBD) marketplace, has announced a
broad nationwide expansion of its Where’s Weed platform and its primary assets
– the www.WheresWeed.com website
and the Where’s Weed mobile app. The online and mobile cannabis services hub
enables fast and efficient discovery, as well as purchases of cannabis for both
medicinal and recreational purposes.
The expansion is a result of the record-breaking transactional
volume of $18 million achieved by Where’s Weed in 2018. Due to the popularity
and considerable growth of Where’s Weed, the company will also triple its sales
force, according to a press release issued on January 17 (http://ibn.fm/EUdRa). The aim of
this expansion is to help cover the entire U.S. market and build a growing
network of partner dispensaries and distributors integrated with the Where’s
Weed web/mobile platform.
Where’s Weed is growing at a rapid pace, and, as the Federal
Farm Bill is changing the legislative landscape in the U.S., Golden Developing
Solutions is willing to work even harder on fueling that growth, as noted by
CEO Stavros Triant.
Commenting on the benefits of the platform, Triant said that
“as far as we know, [Where’s Weed is] absolutely the best way to guarantee that
the dispensary you go to will give you the product you want. Without searching
and locating the product and pre-purchasing it over the Where’s Weed mobile
platform, you may waste an hour of your time and end up finding that what you
want has just sold out before you get there.”
According to Golden Developing Solutions management, the
powerful growth of Where’s Weed has triggered important network effect
benchmarks that outline the potential for dominance in the niche of cannabis
location, purchase and delivery app services online and on mobile. The
implementation of a minor usage fee is currently being considered as a
possibility for the monetization of the Where’s Weed platform.
Apart from announcing the successful performance of Where’s
Weed, Golden Developing Solutions has also hinted at an expansion of the
company’s overall presence in the legal cannabis sector. Golden Developing
Solutions will be making a major addition to its core business model that will
be presented over the coming weeks.
Where’s Weed was developed in 2017, with the www.WheresWeed.com website
launching in 2018. Within a single year, the performance of the brand exceeded
expectations, with over 76,000 separate orders placed. Golden Developing
Solutions completed its acquisition of Where’s Weed at the end of September
2018.
Golden Developing Solutions is developing an online retail
business for CBD, health oil and wellness-related products, offering a wide
range of high-quality products via its joint venture partner, Pura Vida
Vitamins (www.PuraVidaVitamins.com).
In addition, the company runs its own ancillary software division (www.GreenerGrows.org),
launched in 2018, which enables cannabis growers to get valuable industry
information and to communicate effortlessly with each other via a digital
channel.
For more information, visit the company’s website at www.GoldenDeveloping.com
About QualityStocks
QualityStocks is
committed to connecting subscribers with companies that have huge potential to
succeed in the short and long-term future. It is part of our mission statement
to help the investment community discover emerging companies that offer
excellent growth potential. We offer several ways for investors to learn more
about investing in these companies as well as find and evaluate them.
QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
Please see full terms of use and disclaimers on the
QualityStocks website applicable to all content provided by QS, wherever
published or re-republished: http://www.qualitystocks.net/disclaimer.php
No comments:
Post a Comment