Business
DVLP Issues LOI to Acquire Emerging Cannabis Dispensary Point-of-Sale Ad Tech Play
DVLP Issues LOI to Acquire Emerging Cannabis Dispensary Point-of-Sale Ad Tech Play.
About this update from Golden Developing Solutions, Inc.
[{"type":"text","content":"\nAUSTIN, Texas, Nov. 06, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Golden Developing Solutions, Inc. (OTCMKTS: DVLP) (“DVLP” or the “Company”), an emerging leader in the Cannabis and CBD marketplace, is very excited to announce its Letter of Intent to acquire a rapidly growing Cannabis dispensary PoS advertising player, in a restricted stock and cash deal valued on a pre-acquisition basis at over $4 million.\n DVLP CEO, Stavros Triant, comments, “We believe the lion’s share of investment returns for the farmers has already been made. The next phase will be a new strategic landscape in the cannabis sector defined by falling cannabis prices and massive growth in consumer and B2B services as mainstream public adoption accelerates in North America.” Digital media advertising is an emerging technology focused on enhancing the effectiveness of brand visibility at the point of sale in dispensaries, while advertising selected cannabis related products with an in-store display that pulsates a link to an active ad network. Their network has over 100 locations already, and continues to grow rapidly. With the total number of dispensaries continuing to grow in North America every month for the past three years, and the possibility of acceleration with any new move toward more comprehensive legalization in the US, management believes the available market size has the potential to expand dramatically. In addition, this move follows the Company’s recent acquisition of Where’s Weed, an online and mobile cannabis services hub. Management believes these two brands will have tremendous synergies under the same umbrella – one controlling a share of the market directing consumers to dispensaries, and the other controlling a share of the market directing consumers to specific purchase decisions once there, and further directing attention back out to a linked online platform. “We strongly believe Where’s Weed will ignite each additional acquisition and have exceptional synergy, putting DVLP in an industry-dominant position in cannabis services,” continued Mr. Triant. “The Cannabis market is set to grow by leaps and bounds, with experts predicting a move to $55-75 billion in total market size in coming years. We are working now to get ahead of the curve as that growth...