Golden Developing Solutions Reports Record 800% Jump in Combined-Entity Revenues for March 2019
April 15 2019 - 8:23AM
InvestorsHub NewsWire
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Golden Developing Solutions
Reports Record 800% Jump
in Combined-Entity Revenues for
March 2019
Denver, CO -- April 15, 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, along with its recent
acquisition, Infusionz, LLC ("CBD Infusionz"), that the two business
entities have combined to achieve a record $590,488 in
monthly
revenues
during March
2019,
representing a massive 800% jump in combined performance on a
year-over-year basis when compared to March 2018.
"We are seeing tremendous
validation on a strategic level," commented DVLP CEO Stavros
Triant. "The move to expand our exposure to the CBD space
was very well-timed, and is already
beginning to pay off. The numbers for March bear that out
unmistakably."
Management notes that this data
demonstrate a dramatic growth curve on both an annual and
sequential monthly basis, with the comparative
March monthly year-over-year and the sequential monthly data
showing appreciable growth. As noted above, the year-over-year
monthly comparable revenue data increased by 800% while the
sequential monthly data showed an increase of nearly 18%, which
represents a follow-on annualized growth rate of 630% over the
coming 12 months.
According to recent macro
analysis of the CBD space, that level of growth is not particularly
remarkable given the market context. Analysts have begun to
project similar exponential
growth in the CBD
space over the next 36 months following the signing of the 2018
Farm Bill, which opened the door to a much easier path of
mainstream expansion in hemp-based CBD sales in the United
States.
"As we integrate CBD
Infusionz, we will be dramatically
increasing our operational potential," continued Mr. Triant.
"Where's Weed and Where's CBD have provided powerful growth
catalysts on the services side. But the addition of a true
leadership asset on the CBD product side sharply amplifies our
growth
proposition at an
ideal time from an industry standpoint."
About Golden Developing Solutions, Inc.
Golden Developing Solutions
(OTC:
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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