Golden Developing Solutions
Announces 149% Q4 Rev
Growth in
"Where's
Weed"
Division, Sees
Accelerating Platform Growth in Q1 and
2019
AUSTIN, TX -- February 05, 2019 -- InvestorsHub NewsWire
-- Golden Developing Solutions,
Inc. (OTCMKTS:
DVLP) ("DVLP" or the
"Company"), an emerging leader in the
Cannabis,
Hemp, and
CBD marketplace, is excited to
announce continued
accelerating revenue growth for its "Where's Weed" division, including quarterly year over year
sales growth
of
149% and
total Q4 revenues in excess of
$300K.
DVLP CEO Stavros Triant stated,
"It's extremely exciting to see such booming traction
for Where's
Weed. Q4
exceeded our expectations, and Q1 is already powering past that benchmark.
We previously
announced a restructuring and expansion of our sales strategies,
and that's clearly already having a major impact, with January platform revenues
up 24% on a
sequential monthly basis and 90% on an annual comp
basis."
Based on performance thus
far this
year, including $108K in January revenues, the Company now
anticipates that Q1 2019 Where's Weed
revenue
performance will eclipse
DVLP
full-year 2018
results, representing clear and
continued accelerating growth on the Company's leading cannabis
services platform.
Overall, at this rate of growth,
revenues from the
platform are now on pace to total $2.5-3M for 2019, excluding results
from its
recently announced high-capacity
CBD extraction and
production division, multiple pending acquisitions
of strong revenue-producing CBD distribution
companies,
and the immanent launch of wherescbd.com.
"The Where's Weed platform
hosted over $18M in transactions last year, and we continue to see
booming results in terms of pace of adoption since we acquired the
platform in September," continued Mr. Triant. "We
made that move because we believed in two things: first, cannabis
is a secular growth story with major legs over coming years; and
second, most of that growth will migrate over into services now
that we have already seen a boom in marijuana production
capacity investment last year. So far, we haven't
seen anything to contradict that thesis."
About Golden Developing Solutions, Inc.
Golden Developing Solutions
(DVLP) 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
(www.PuraVidaVitamins.com), 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.
Golden Developing Solutions is
a development-stage company providing business services and/or
products supporting the cannabis industry, in which company intends
to make acquisitions in the near future. Currently, 29 states and
the District of Columbia have passed laws permitting their citizens
to use cannabis for medical and/or recreational purposes. Cannabis
has shown encouraging signs as a treatment for various medical
conditions and has become increasingly more acceptable to the
public and society.
Forward-Looking Statements
This press release contains
forward-looking statements. All statements other than statements of
historical facts included in this press release are forward-looking
statements. In some cases, forward-looking statements can be
identified by words such as "believe," "expect," "anticipate,"
"plan," "potential," "continue" or similar expressions. Such
forward-looking statements include risks and uncertainties, and
there are important factors that could cause actual results to
differ materially from those expressed or implied by such
forward-looking statements. Investors are encouraged to review the
Company's filings with the Securities and Exchange Commission.
Investors should not place any undue reliance on forward-looking
statements since they involve known and unknown, uncertainties and
other factors which are, in some cases, beyond the Company's
control which could, and likely will, materially affect actual
results, levels of activity, performance or achievements. Any
forward-looking statement reflects the Company's current views with
respect to future events and is subject to these and other risks,
uncertainties and assumptions relating to operations, results of
operations, growth strategy and liquidity. The Company assumes no
obligation to publicly update or revise these forward-looking
statements for any reason, or to update the reasons actual results
could differ materially from those anticipated in these
forward-looking statements, even if new information becomes
available in the future. The contents of any website referenced
herein are not incorporated into this press release.
Corporate
Contact:
Stavros Triant
stavros@goldendeveloping.com
623-826-5206
Press &
Media Inquiries:
EHC Branding Agency
Info@EHCBrandingAgency.Com
(626) MJ-BRAND
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