Golden Developing Solutions
Announces Launch of Highly Anticipated
"Where's CBD" Consumer
Portal
AUSTIN, TX -- February 07, 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
the imminent launch
of its new "WheresCBD" portal. This move comes in
the wake of the Company's strong success with its
"WheresWeed"
division, an
online and mobile cannabis services hub that focuses on fast,
secure, and efficient discovery, purchasing, and delivery of
cannabis in both recreational and medical markets in the United
States and Canada.
"With WheresCBD, we are creating the most comprehensive
CBD consumer resource in existence, expanding on the dramatic growth
we have witnessed
in our WheresWeed division," commented DVLP CEO
Stavros Triant. "The low-level retail CBD
story has played itself out. But the specialty and niche story is
really just getting started. For example,
there are
maybe 50 places in New Jersey where you can drive and find
high-quality CBD at any given
moment. But
any one of them might not have the actual product you are looking
for to meet
your specific needs. With WheresCBD, you have a
guide. We see this as an explosive
service niche with no serious competition in a market that is
roaring toward $20-25 billion in sales over the next 36
months."
This announcement comes on the
heels of the Company's recent update reporting accelerating revenue growth for
its "WheresWeed" division, which is now on pace at its
current rate
of growth to drive $2.5-3M in sales for 2019.
Management believes
"WheresCBD" may achieve even more
powerful success. According to a new estimate
from cannabis industry analysts at the Brightfield Group, the
hemp-CBD market alone could hit $22 billion by 2022.
The Company notes that
the
"WheresCBD"
portal will include
the full
spectrum of CBD products, including Hemp Oil, CBD for beauty,
Vapes, CBD for pets, tinctures, gummies, and all
other current formulations on the market. The portal will be a truly comprehensive
resource for CBD products, including location
services,
price comparisons, product
comparisons, and an extensive list
of
additional
services
to empower
consumers and distributors.
"One of the most exciting
aspects of the WheresCBD launch is the vertical synergy
we project," continued Mr. Triant. "We have the process mapped out
given our expertise with WheresWeed, and we have
additional
expertise in CBD based on our product experience and our new
extraction and
production division. That puts us in a perfect
position to dominate the CBD services space in terms of a portal
that provides profound value to both the distributor and the
consumer."
The Company has
already achieved
major design and development milestones on the back-end for "WheresCBD", including content assets and
core data. Functionality and network
elements are expected to ramp up over coming months following the
launch, with full functionality and early-stage revenues in place
following Q2 of this year.
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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