AUSTIN, Texas, Dec. 20, 2018 (GLOBE NEWSWIRE) -- Golden Developing Solutions, Inc. (OTCMKTS: DVLP) (“DVLP” or the “Company”), an emerging leader in the Cannabis, Hemp, and CBD marketplace, is excited to expand its hemp and CBD strategy with the launch of its new CBD products portal, www.wherescbd.com. This is a mirror site related to its popular WheresWeed.com website and cannabis services hub.
This new site will aggregate nationwide CBD products for users searching for high-end Hemp Oil and CBD Isolates.
DVLP CEO Stavros Triant commented, “Where’s Weed has been a home run for us since we made the move and acquired the leading cannabis and hemp community hub several months ago. We outlined our strategy to invest in cannabis and hemp related services because we believed it was a tremendously undervalued space in terms of online real estate. The development of WheresCBD.com is a natural step in the same direction. Naturally, the signing of the 2018 Farm Bill will only serve to further bolster that momentum. Look for the launch to hit next quarter.”
Management notes that WheresCBD.com will be populated by the most popular and loved CBD products, including Gummy Bears and leading CBD Oils.
According to New Frontier Data, with the removal of hemp from federal prohibition under the Controlled Substances Act of 1970 (CSA), the total U.S. hemp industry now looks to expand at a healthy 18.4% through a 5-year combined annual growth rate (CAGR) from 2018-2022. New Frontier Data’s Hemp Business Journal estimates that the hemp-derived CBD market will grow from a $390 million-dollar market in 2018, to a $1.3 billion market by 2022, leading all hemp-related product categories.
“We applaud Congress and the White House for taking steps to free Americans from a pointless prohibition, thereby unleashing the economic and health benefits of Hemp and CBD in the years ahead,” continued Mr. Triant.
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 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.
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.
Media Contact:
Stavros Triant
stavros@goldendeveloping.com
623-826-5206