Emerging leader in the cannabis, hemp, and cannabidiol
(“CBD”) marketplace Golden Developing Solutions (OTC: DVLP)this morning
provided a shareholder update via a letter from its CEO. According to the update,
the company has gained traction in the cannabis space as a service provider
with its popular Where’s Weed app and portal, as well as expanded its market
footprint to move into the CBD space with its Where’s CBD portal. This sets the
stage for what the company believes could be a true gamechanger through its
recent acquisition of Infusionz, LLC (“CBD Infusionz”), a premium manufacturer
of high quality CBD products. “In short, we emerge from this deal with a
powerful value proposition for new investment capital,” DVLP CEO Stavros Triant
describes in the letter. “Our equity is now trading at just 2X our 2019
projected sales, which represents a run rate of $6 million on an annualized
basis at current levels. That run rate is also a fixed point on a steep growth
curve that shows evidence of a 4-6 month doubling rate at present.”
To view the full press release, visit http://ibn.fm/bW73T
About Golden Developing Solutions Inc.
Golden Developing Solutions is developing an online retail
business for cannabidiol (CBD), hemp oil and health/wellness-related products.
The Company is also developing a high-capacity, high-quality CBD extraction and
production facility. In addition, through the website of its joint venture
partner, Pura Vida Vitamins, as well as through wholesale and distribution
channels, the Company offers a broad range of high-quality, price-competitive
products, including traditional vitamins, supplements, and CBD-based tinctures,
vapes and soft gels, among other products. Merchandise also includes hemp and
CBD-related products and additional products focusing on health and lifestyle.
For more information, visit the company’s websites at www.PuraVidaVitamins.com and www.WheresWeed.com.
NOTE TO INVESTORS: The latest news and updates
relating to DVLP are available in the company’s newsroom at http://ibn.fm/DVLP
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