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Posted On: 03/26/2019 4:03:12 PM
Post# of 77
NetworkNewsBreaks – Golden Developing Solutions, Inc. (DVLP) Issues Shareholder Update and Steep Growth Potential Following Recent CBD Acquisition
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.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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