Golden Developing Solutions, Inc. (OTC Pink: DVLP) operates as an ecommerce marketplace for CBD, hemp oil, and other products relating to health and wellness. Shares of the CBD and hemp oil company surged 76% during trading on Monday, August 20, 2018. Over the past month, Golden Developing Solutions has seen average daily volume of 26,602 shares. However, volume of 726,168 shares or dollar volume of $50,250, exchanged hands during Monday’s trading session.
Shares of Golden Developing Solutions soared today after the company announced that it has received an initial purchase order from a convenience store and gas station market distribution company. This perfectly aligns with the company’s upcoming “ready-made snack distribution strategy for its CBD products.” This order is a test order and management notes that if they are successful, then additional purchase orders could be coming down the pipeline in first quarter 2019. Here is the full press release detailing of the initial purchase order:
Golden Developing Solutions, Inc. Press Release:
AUSTIN, Texas, Aug. 20, 2018 (GLOBE NEWSWIRE) — via OTC PR WIRE–Golden Developing Solutions, Inc. (OTCMKTS: DVLP) (the “Company”), an emerging leader in the CBD Products marketplace, is excited to announce a material Purchase Order for CBD oils from a major distributor specializing in the distribution of Snack Foods and Accessories to the Convenience Store and Gas Station market. The order represents significant progress as the Company gears up its ready-made snack distribution strategy for its CBD products.
Given the fact that brands and product categories catering to the health and wellness segment have begun to flourish in the $28 billion Convenience Store and Gas Station snack food market (such as 5-Hour Energy, vitamin supplements, fresh produce, and nitrate-free snack foods), management believes the trends defining this market niche now represent a powerful opportunity for the Company’s CBD product strategy.
This strategy will complement the Company’s existing direct-to-consumer strategy, which will launch this quarter through the commencement of online sales on its website, www.puravidavitamins.com.
Golden Developing Solutions CEO, Stavros Triant, commented, “We are extremely excited about the launch of our CBD product line with this distributor. The C-Store strategy dovetails perfectly with our direct marketing strategy through our primary online retail channel, and we have indications from the distributor that, if this initial test order goes well, successive Purchase Orders could be significant and underpin strong sales growth in Q1 2019.”
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. Through the website of its wholly owned subsidiary, 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.