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DVLP Issues Shareholder Letter on Increased Growth Potential Following Recent CBD Acquisition
DVLP Issues Shareholder Letter on Increased Growth Potential Following Recent CBD Acquisition.
About this update from Golden Developing Solutions, Inc.
[{"type":"text","content":"\nDENVER, March 26, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Golden Developing Solutions, Inc. (OTCMKTS: DVLP) (“DVLP” or the “Company”), an emerging leader in the Cannabis, Hemp, and CBD marketplace, issues the following letter to Shareholders from the CEO: Dear Valued Shareholder, First off, I want to begin by expressing our gratitude to all of our committed shareholders as we push through a period that we believe is laying a powerful foundation for increasing upside potential as an emerging diversified leader in the cannabis and CBD markets. As you know, we have secured powerful traction in the cannabis space as a service provider with our popular Where’s Weed app and portal. And, recently, we expanded this market coverage footprint by moving into the CBD space full force with our Where’s CBD portal, which is beginning to take root as a powerful resource. That sets the stage for what we feel could be a true gamechanger in the quarters ahead, in terms of synergies and overall augmentation of our core growth proposition: our recent acquisition of Infusionz, LLC (“CBD Infusionz”), a premium manufacturer of high quality CBD products. Why do we believe this acquisition is such an important move? First off, it will immediately augment our topline growth data, which is a core factor for institutional investors in search of strong growth potential. We can now offer a better argument given the strong revenues we assume as we onboard CBD Infusionz. For example, if we backdate our analysis, the combined entity would have had total sales of more than $500K in February alone. In addition, following this acquisition, we have a fully developed retail, wholesale, distribution, and white labeling operation in the CBD space to augment our Where’s CBD services offering. In fact, with CBD Infusionz operationally integrated, we will now have on offer more than 150 product SKU’s, including vegan products, pet products, pre-rolls, concentrates, creams and lotions, muscle freeze, massage oil, and premium products with existing brand traction such as the Saucy Boss Concentrate line and the Terpy J Pre-roll line. In short, we emerge from this deal with a powerful value proposition for new investment capital. Our equity is now trading at just 2X our 2019 projected sales, which represents a ...