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DENVER, April 15, 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, 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 (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.
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.
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