One stock that just came out of the blue to rake in some big gains in the CBD space is GOLDEN DEVELOPI/SH SH (OTCMKTS:DVLP). The company has a promising pot locator app that connects up the network effect model here as well. If they make good on driving CBD as a vertically integrated play, then this could be something to have on the radar.
To further flesh out the story, the company just announced that its Where’s Weed division has entered into a strategic partnership with FlowHub (flowhub.com), one of the largest and fastest growing point-of-sale systems in the cannabis industry, with over $1 billion in cannabis transactions processed annually across eleven states. “We continue to build out our Where’s Weed scope and reach,” commented Stavros Triant, CEO of DVLP. “Adding FlowHub to our network is a massive boost that paves the way for an even faster pace of growth and new user adoption.”
GOLDEN DEVELOPI/SH SH (OTCMKTS:DVLP) trumpets itself as a company that is developing an online retail business for cannabidiol (CBD), hemp oil and health/wellness-related products.
The Company is also developing a high-capacity, high-quality CBD extraction and production facility. In addition, 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.
The company also owns Where’s Weed, a leading cannabis locator and community portal and app.
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As noted above, DVLP just announced that its Where’s Weed division has entered into a strategic partnership with FlowHub (flowhub.com), one of the largest and fastest growing point-of-sale systems in the cannabis industry, with over $1 billion in cannabis transactions processed annually across eleven states.
The chart shows approaching 120% piled on for shareholders of the listing during the trailing month. Furthermore, the listing has benefitted from a jump in recent trading volume to the tune of above 580% above the average volume levels in play in this stock over the longer term.
“This is a win-win for everyone involved,” continued Mr. Triant. “Our users have better and wider access to more updated and accurate information. The dispensary owner has an automated update process on our portal, which saves time and energy. FlowHub has a best-in-class mobile and online functional interface in Where’s Weed. And we have faster growth and happier users.”
At this time, carrying a capital value in the market of $22.3M, DVLP has virtually no cash on the books, which compares with virtually no total current liabilities. The company is pre-revenue at this point. That said, this is an exciting story, and we look forward to a follow-up chapter as events transpire. Sign-up for continuing coverage on shares of $DVLP stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in $DVLP, either long or short, and we have not been compensated for this article.