GDET Press Release Correction Regarding New Hemp Derived CBD Products
April 04 2019 - 11:38AM
InvestorsHub NewsWire
GDET Press Release Correction
Regarding New Hemp Derived CBD Products
FORT LEE, N.J. -- April
4, 2019 -- InvestorsHub NewsWire -- GD
Entertainment And Technology (OTC:
GDET) (“GDET” or the “Company”) today re-issued a press release
published earlier this week to announce details of the Company’s
all new Hemp Derived CBD Product line. The original release
had a typographical error in one of the names of the four listed
products. The error has been corrected in the re-issue of the
original release below:
GDET Introduces Hemp
Derived CBD Products Made In The USA For $22 Billion
Marketplace
FORT LEE, N.J. – April 2, 2019 - GD
Entertainment And Technology (OTC:
GDET) (“GDET” or the “Company”) today introduced its all new
hemp derived CBD products that will be for sale under the Company’s
new “The Greenery” label with an official launch date scheduled for
April 20th, 2019, the annual 420 celebration day for
cannabis liberalization. With the legalization of hemp
farming in the United States under the 2018 Farm Act recently
signed into law by President Trump, GDET’s CBD products are all
made in the USA. The products are also Kosher and Halal
compliant. The initial product line from The Greenery
includes two gel caps, one oil and one salve which are all Non-GMO,
Eco friendly and full spectrum. The CBD market is anticipated
to reach $22 billion by 2022. Read below to learn
more about GDET’s first CBD products.
What is
CBD?
CBD, or cannabidiol, is a
compound found primarily in the flowers and leaves of the hemp
plant. Hemp is a cannabis plant but different from marijuana.
CBD is one of many powerful cannabinoids found in hemp and is known
for supporting the body and mind in a multitude of ways. CBD
is markedly different from THC, or Tetrahydrocannabinol, the
compound found primarily in marijuana that is a psychoactive agent
and accounts for the “high” described in regard to marijuana
use.
From a Recent Article
in Rolling Stone:
CBD, a non-psychoactive cannabinoid found in
cannabis, has had a surge in popularity over the past couple of
years. Unlike THC, the chemical compound that gives weed its
signature effect, CBD has been shown to help with everything from
PTSD and anxiety to MS and epilepsy — without getting you
high.
“What we started tracking this
year was an explosion — face mask, bug bites, skin care, topicals,”
says Bethany Gomez, director of research for the Brightfield Group,
who shared the analysis exclusively with Rolling Stone. “It’s
being used for everything you can think of — sports, triathlons.
People want to buy it for their grandma, for arthritis. Women get
it for PMS and endometriosis — common things that people have been
using over the counter
medications.”
The Greenery Initial
Product Line
The Greenery product line will
initially consist of four products. Plans call for the
product line to expand over time. The first four products are
all Made In The USA, Full Spectrum,
Kosher, Halal, NON-GMO, ECO Friendly, and Organic.
The Greenery is introducing two different softgel cap dosages, one
oil and one salve:
10mg SoftGels (Bottled
30 ct)
An easy way to add Full
Spectrum CBD to a daily routine. The hemp derived CBD
delivered in a softgel capsule provides support for normal,
everyday stress* and recovery from exercise*. It's that easy
to get into a hemp extract routine. Contains 10mg of CBD per
capsule.
25mg SoftGels (Bottled
30 ct)
An easy way to add a little
more Full Spectrum CBD to a daily routine. The hemp derived
CBD delivered in a softgel capsule provides support for normal,
everyday stress* and recovery from exercise*. It's that easy
to get into a hemp extract routine. Contains 25mg of CBD per
capsule.
250mg Tincture
(Bottled)
A 250mg Full Spectrum CBD
Tincture provides an easy way to support health* and wellness*. It
can be added to food or drink, or taken under your tongue. 250mg is
ideal for maximum relief*.
250mg Salve
(Bottled)
Designed to use anywhere on the
body, from hands to feet, this 250mg CBD Hemp Salve is also safe to
use on the face and other sensitive areas. The all-natural and
organic ingredients blend quickly and smoothly into the surface of
the skin to provide immediate relief* and
rejuvenation*.
* These statements have not
been evaluated by the Food and Drug
Administration.
This product is not intended to
diagnose, treat, cure or prevent any
disease.
GDET – Diversified
High-Growth Enterprise Portfolio
Company
GDET is a diversified
high-growth enterprise portfolio company and in addition to its new
cannabis enterprise, the company recently announced
Cryptocurrency
“cold storage card” offered by DreamCard, a GDET subsidiary
specializing in fully customizable and premium quality credit/debit
cards. Cold storage empowers cryptocurrency to be stored more
safely offline. Online exchanges and third-party wallets
hold private keys on behalf of clients. This makes exchange storage
riskier than cold storage in regard to the keys being out of client
direct control. There is currently no guarantee that replaces
Cryptocurrency if they are lost or stolen. The Cryptocurrency
cold storage market is forecasted to reach more than $15 billion by
2025.
GDET Named Best Pure
Play in Three Fastest-Growing Industries in Research Report Issuing
$0.06 Target PPS
GDET recently announced that
Goldman Small Cap Research issued a research report on the Company.
The report includes a target price-per-share
of $0.06. The report reviews recent events and
provides an analysis of GDET's new initiatives. To view the
research report, along with disclosures and disclaimers,
visit http://www.GoldmanResearch.com.
About
GDET
GD
Entertainment & Technology, also known as GDET, focuses on high
growth industries to fulfill a diverse selection of premium
products nationwide. The company currently manufactures,
wholesales, and markets a portfolio of blockchain/financial
service-based products. GDET strives to become one of the premier
Cryptocurrency mining facilities that is client-focused and
dedicated to creating a new standard in the Blockchain space based
on security and transparency. GDET has also developed a strong
relationship with suppliers worldwide to ensure future purchasing.
The company currently has two subsidiaries, DreamCard and
HyperDigital Technologies, which both offer a selection of
transactional-based products and services. DreamCard allows users
to create a customizable debit or credit card using its state of
the art online platform. HyperDigital Technologies is the
Cryptocurrency ATM sector of GDET and aims to secure multiple MSB,
money services business, licenses in order to host ATM units
throughout the country.
Safe Harbor Provision Cautionary statement for
purposes of the "Safe Harbor" provisions of the Private Securities
Litigation Reform Act of 1995: Information in this news release
contains forward-looking statements that involve risks,
uncertainties and assumptions. If such risks or uncertainties
materialize or such assumptions prove incorrect, the results of the
Company and its consolidated subsidiaries could differ materially
from those expressed or implied by such forward-looking statements
and assumptions. All statements other than statements of historical
fact are statements that could be deemed forward-looking
statements. Risks, uncertainties and assumptions include the
execution and performance of contracts by the Company and its
customers, suppliers and partners. Please also review GD
Entertainment and Technology annual and quarterly financials for a
more complete discussion of risk factors. The Company disclaims any
obligation to update or revise statements contained in this news
release based on new information or otherwise. This communication
shall not constitute an offer to sell or the solicitation of an
offer to buy securities nor shall there be any sale of these
securities in any state in which such solicitation or sale would be
unlawful prior to registration or qualification of these securities
under the laws of any such
state
Contact:
GD
Entertainment and Technology
732-851-3756
anil@gdet.co
www.gdet.co
1 Bridge
Plaza
2nd Floor
Fort Lee, NJ 07024
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