Business
DVLP Signs LOI Toward Exclusive Market Rights for Award Winning Energy Drink Brand
DVLP Signs LOI Toward Exclusive Market Rights for Award Winning Energy Drink Brand.
About this update from Golden Developing Solutions, Inc.
[{"type":"text","content":"\nDENVER, May 29, 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, is excited to announce that it has signed a Letter of Intent (“LOI”) toward the establishment of a licensing agreement to acquire full and exclusive rights to market and distribute a two-time award-winning proprietary line of energy drinks under the DNA Energy Drink® brand designation. The Company intends to market both CBD-infused and non-CBD energy drinks.\n “As we continue to expand our market footprint in the health and wellness space, the DNA Energy Drink brand is a tremendous fit,” commented Stavros Triant, CEO of DVLP. “The CBD-infused beverage market is exploding right now, and growth in the broader non-CBD-infused energy drink market continues to be extremely robust. We expect this addition to our portfolio of products to be extremely productive as a driver of cash flows and overall top and bottom line growth.” According to Zenith Global, a leading global food and drink consulting firm, the US market for cannabis, CBD and Hemp infused drinks is projected to grow to over $1.4 Billion by 2024, an almost fifteen times (15x) increase from 2018 sales of just $89 million. Management notes that the DNA Energy Drinks brand currently encompasses five different carbonated beverages (Citrus, Sugar Free Citrus, Original, Cryo-Berry, and Molecular Melon) and three milk-based energy coffees fortified with Omega 3 (Mocha, Vanilla Latte, and Caramel Macchiato). “As we put together final documentation, we are preserving our option to acquire the brand and associated recipes at a later date,” continued Mr. Triant. “This deal will allow us to expand the value of our current proprietary IP by offering us an exceptionally high-quality platform for developing and distributing a CBD-infused energy drink product with genuine market leadership potential. And it also gives us another revenue driver right out of the gates.” About Golden Developing Solutions, Inc.Golden Developing Solutions (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-qual...