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With such tremendous markets for marijuana already and more states continuing to consider legislation, one company that could soon become a household name in the arena is Golden Developing Solutions (OTC: DVLP).
Marijuana legislation is having its best year ever and the way some pot stocks have moved in recent months is ample evidence to show just how big the legal cannabis arena has become.
While many legal cannabis stocks traded mostly sideways this year after tremendous jumps in 2017, it was this past summer that they started to go on a tear after Corona beer maker Constellation Brands announced a colossal $4 billion investment into a Canadian marijuana company called Canopy Growth. Constellation Brands COO, Bill Newlands said of marijuana, “We think this is going to be a big business worldwide.”
Aside from the growing social acceptance of the drug, the financial results are also speaking in volumes. In 2017, green businesses brought in over $1.5 billion.
Seven states (California, Colorado, Florida, Washington, Michigan, Massachusetts, and Arizona) are projected to claim marijuana markets with spending of $1 billion or more by 2022, according to a report by ArcView Market Research and BDS Analytics. Two of these states already hit that mark! California already approached $3 billion last year while Colorado hit $1.5 billion.
Golden Developing Solutions (OTC: DVLP) has a newly acquired subsidiary called Where’s Weed (wheresweed.com) that may quickly become the go-to source for finding where to purchase both medicinal marijuana and recreational marijuana in the U.S. and Canada.
With Canada being momentarily away from starting recreational marijuana sales, this could be one of the most opportunistic times for the company in the legal cannabis space!
Golden Developing Solutions (OTC: DVLP) is a development-stage company providing business services and/or products supporting the cannabis industry. The company is also focused on acquisitions of compliant cannabis companies according to state & federal laws.
As an emerging leader in the Cannabis and CBD marketplace, the company announced at the end of September that it has completed its acquisition of Where’s Weed and its primary asset, www.WheresWeed.com, an online and mobile cannabis services hub that focuses on fast, secure, and efficient discovery and purchasing of cannabis in both recreational and medical markets in the United States and Canada.
Golden Developing Solutions (OTC: DVLP) CEO Stavros Triant stated:
“Where’s Weed is a true leadership play in the cannabis space, boasting over 2.9 million monthly page views and a mobile app that has already been downloaded over 80K times. These are the guys that developed and launched the first marijuana locator equipped with an Online Ordering platform. The service has been booming ever since. We strongly believe this acquisition adds an enormous dose of value and optionality for DVLP. We are extremely excited to have such a promising and popular cannabis services brand now under our ownership. We expect to add significant value and facilitate a further acceleration looking ahead.”
Where’s Weed is an American cannabis technology company known for connecting medical and recreational cannabis users with trusted local marijuana businesses in their communities. Where’s Weed was founded in 2011 and the company launched the Where’s Weed Android app in 2014 and released the iOS version in 2015.
With the Marijuana space undergoing robust growth throughout North America, company management believes that Wheresweed.com is ideally placed to benefit from legislative advances and greater awareness among a growing cohort of consumers.
In addition, as a hub of sharply defined online activity, the property offers powerful positioning advantages that cross over to other business opportunities that the Company may wish to pursue in the future.
There has already been extreme robust user activity data in the “Pre-Purchase App” associated with Where’s Weed this year so far. The App was developed in 2017 and was subsequently launched on the Where’s Weed website in January 2018. The results have exceeded expectations by a wide margin thus far on a year-to-date basis.
So far the number of separate orders placed by customers is 76,000 while the monetary value of orders placed with dispensaries has been a staggering $12,600,000.00.
Management expects growth in both overall user activity and new user adoption to accelerate exponentially over the next twelve months for the App as a consequence of both organic network effect dynamics and overall growth in the cannabis market.
Golden Developing Solutions (OTC: DVLP) CEO Mr. Triant stated:
“We aren’t surprised in the least to see booming activity on this App so far this year. The technology is seamless and offers a highly intuitive path connecting customers with vendors through a complete order-entry interface. This has become a win-win for both consumer and vendor. It’s a hit. And we fully expect it will continue to be an unequivocal success because it simplifies life for cannabis consumers through a highly effective and intuitive One-Stop-Shop shopping experience. We have big plans for monetizing this traffic, which is really just one minor component of the diverse and thriving Where’s Weed website, community, and network. The results thus far powerfully underscore our convictions in approaching this asset as a strategic target.”
More than half of the states in the U.S. now allow legal marijuana in either medicinal or recreational form. Canada is slated to start legal recreational marijuana sales for adults on October 17th.
On an annualized basis Canadians spent $5.7 billion on marijuana between April and June this year according to Statistics Canada. That’s nearly $6 billion in only three months. Imagine the potential of the legal cannabis market in Canada now that legal recreational sales will begin.
With marijuana showing encouraging signs as a treatment for various medical conditions and becoming increasingly more acceptable to the public and society, the market for the substance is overwhelming and an app like Where’s Weed could be the go-to source for millions of users to find places to purchase.
Golden Developing Solutions (OTC: DVLP) also 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, through the website of its wholly owned subsidiary, Pura Vida Vitamins (www.PuraVidaVitamins.com), as well as through wholesale and distribution channels. Merchandise also includes hemp and CBD-related products and additional products focusing on health and lifestyle.
One of the most exciting aspects of Cannabidiol, better known as CBD, is how it is being replaced as a substitute for highly addictive opiates. CBD has been studied for its potential role in treating many common health issues. This includes chronic pain, PTSD, anxiety, depression, acne, heart disease, and even cancer.
Little do people know that the opioid epidemic has cost the U.S. over a trillion dollars since 2001. Congress is even considering spending $6 billion over the next two years to address the national crisis.
You have to wonder when John A. Boehner, the former Republican speaker of the House, who once said he was “unalterably opposed” to decriminalizing marijuana laws, is now a part of the board of directors for a CANNABIS company!
The mindsets of many proponents are changing and realizing just how beneficial cannabis is to society. Many in the cannabis industry claim that as long as the CBD product contains less than 0.3% THC, it is classified as hemp under federal law and is therefore legal to possess and distribute.
This gives Golden Developing Solutions (OTC: DVLP) a massive market despite federal law and many state laws prohibiting marijuana.
Golden Developing Solutions (OTC: DVLP) CEO Mr. Triant stated:
“We believe this market is just beginning its meteoric rise, and that launching Pura Vida Vitamins’ website is just the first step toward our bright future within this expanding and maturing industry. We believe that our experienced and results-driven team has positioned us to take advantage of the anticipated growth within the consumer CBD industry.”
Pura Vida Vitamins offers a wide range of unique CBD products and supplements, as well as edibles, vapes, tinctures, and creams. Additional CBD products are in development, including a CBD pet line.
The company recently announced 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 Golden Developing Solutions (OTC: DVLP) is gearing 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.
Saying that the CBD market’s potential growth is ‘promising’ may be a gross understatement. Reports have indicated that the cannabidiol (CBD) market is estimated to grow by 700 percent by 2020.
A report by market intelligence firm Hemp Business Journal projects that the CBD market will grow to $2.1 billion by 2020. Comparing this to the $202 million it saw last year, this is phenomenal growth.
The explosion in cannabis popularity has lead to an even bigger explosion in cannabis products this decade. Americans’ support for legalizing marijuana continues to increase with marijuana support now at a record high.
This has created a tremendous market for marijuana products, including CBD oil, and could quickly get Golden Developing Solutions (OTC: DVLP) noticed, especially with its recent acquisition of Where’s Weed, an app that could help millions of Americans and Canadians discover trusted marijuana businesses in their communities.
Whether people are looking for a recreational or medical marijuana dispensary, a marijuana doctor or even a place to connect with local marijuana users, Where’s Weed is an all-in-one destination for marijuana enthusiasts.
2017 was a year of big gains for several legal marijuana stocks including Aurora Cannabis, which gained almost 350%, Aphria, which saw a gain of almost 300%, and Canopy Growth, with a gain of almost 250%. This year is no different with these stocks seeing tremendous gains again. Another marijuana company called Tilray recently moved from $100 to $300 in just weeks.
When Constellation Brands, a Fortune 500 company, said it was taking a $4 billion stake in a cannabis company called Canopy Growth to make CBD beverages, it made Wall Street quickly pay attention. Even Coca-Cola now has its eyes on the market.
The staggering rise of many marijuana stocks are showing investors what kind of potential returns could be possible and Golden Developing Solutions (OTC: DVLP) may be poised for rapid growth!