- Golden Developing Solutions recently released its updated financial results, reporting 160 percent growth across multiple segments
- DNA Brands signed a preliminary agreement to enter the CBD marketplace with Golden Developing Solutions
- The company’s CBD Infusionz and Where’s Weed segments have been showing strong sales growth
Golden Developing Solutions Inc. (OTC: DVLP), an emerging leader in both the ancillary software and cannabidiol (CBD) products marketplace, recently released updated financial data highlighting tremendous growth for the company as a result of several strategic implementations.
Because of its expanded production capacity and the acquisition of Infusionz LLC, Golden Developing Solutions totaled more than $629,000 in monthly sales during May, boasting an annualized sequential monthly sales growth rate of almost 160 percent (http://cnw.fm/DS4gf). Upon completion of its CBD Infusionz acquisitions, Golden Developing Solutions noted markedly accelerated growth across all segments.
Company CEO Stavros Triant shared his excitement for the company’s advantageous market position and its upcoming growth potential. “Everything is clicking right now. CBD Infusionz has moved into its expanded facility, and the booming demand continues” he said in a news release. “Our Where’s Weed segment is powering ahead at the same time. We couldn’t be more excited about how we are positioned right now and what we see ahead of us in coming months and quarters.”
Sales increases came from several of the company’s powerhouse players. Its Where’s Weed segment, an online and mobile cannabis-services hub, contributed most significantly by booking $135,000 in April sales and $153,000 in sales during May. This translates to 164 percent annualized sequential monthly sales growth. Additionally, CBD Infusionz demonstrated exceptional annualized sequential monthly growth of 158 percent, taking in $421,000 in April sales and $476,000 in May.
To add to its impressive financial performance, Golden Developing Solutions is pursuing a strategic partnership to broaden its industry presence. The company recently signed a preliminary partnership agreement with DNA Brands Inc. aimed at working together to reformulate the latter’s award-winning energy drink line to include CBD and natural sweeteners.
DNA Brands’ line of carbonated energy drinks and energy coffees includes a variety of flavors. The partnership agreement will allow Golden Developing Solutions to work with the DNA scientific team to reformulate, market and distribute the award-winning line of beverages. As part of the agreement, Global Developing Solutions has agreed to bear all costs associated with reformulation, production, packaging, advertising and distribution upon completion of a licensing deal.
“We will be working with our scientific team over at Parkside Beverage with the intent of reformulating and producing CBD-infused and non-CBD energy drinks,” DNA Brands CEO Adrian McKenzie stated in a news release (http://cnw.fm/HxUd3). “Licensing our proprietary brand of energy drinks to Golden Developing Solutions makes sense, in that it would provide us a platform to penetrate an extremely robust CBD market.”
For more information, visit the company’s website at www.GoldenDeveloping.com
NOTE TO INVESTORS: The latest news and updates relating to DVLP are available in the company’s newsroom at http://cnw.fm/DVLP
About CBDWire
CBDWire (CBDW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CBDNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CBDW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CBDW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CBDW brings its clients unparalleled visibility, recognition and brand awareness. CBDW is where news, content and information converge.
To receive instant SMS alerts, text CBDWire to 21000 (U.S. Mobile Phones Only)
For more information please visit https://www.cbdwire.com
Please see full terms of use and disclaimers on the CBDWire website applicable to all content provided by CBDW, wherever published or re-published: https://CBDWire.com/Disclaimer
Do you have a questions or are you interested in working with CBDW? Ask our Editor
CBDWire (CBDW)
Denver, Colorado
cbdwire.com
303.498.7722 Office
Editor@CBDWire.com
