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.”
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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://nnw.fm/DVLP
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