AUSTIN, Texas, Oct. 03, 2018 (GLOBE NEWSWIRE) — via OTC PR WIRE — Golden Developing Solutions, Inc. (OTCMKTS:DVLP) (“DVLP” or the “Company”), an emerging leader in the Cannabis and CBD marketplace, is proud to announce extremely robust user activity data in the “Pre-Purchase App” associated with its newly acquired subsidiary, Where’s Weed (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 cannabis markets in the United States and Canada.
DVLP CEO Stavros 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.”
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:
- Number of separate orders placed by customers: 76,000
- Monetary value of orders placed with dispensaries: $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.
Mr. Triant continued, “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.”
About Where’s Weed
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. The company launched the Where’s Weed Android app in 2014 and released the iOS version in 2015.
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.
Forward-Looking Statements
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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