Golden Triangle Ventures, Inc. Announces Corporate Update on Sonder Fulfillment
LAS VEGAS, Dec. 01, 2021 (GLOBE NEWSWIRE) -- via InvestorWire -- Golden Triangle Ventures, Inc. (OTC PINK: GTVH) (GTV) is pleased to provide an update on the recent corporate activities of Sonder Fulfillment (the Company), a wholly owned subsidiary of GTVH.
LAS VEGAS, Dec. 01, 2021 (GLOBE NEWSWIRE) -- via InvestorWire -- Golden Triangle Ventures, Inc. (OTC PINK: GTVH) (“GTV”) is pleased to provide an update on the recent corporate activities of Sonder Fulfillment (the “Company”), a wholly owned subsidiary of GTVH. Fully acquired by Golden Triangle Ventures in June 2021, Sonder Fulfillment is dedicated to driving forward the most powerful and efficacious cannabinoid products in the world. Having created strong and longstanding relationships with farms, extraction labs, product formulation labs, and co-packaging companies, Sonder Fulfillment has secured the complete supply chain from start to finish, allowing it to provide its clients with the lowest cost of goods sold as possible while maintaining the highest quality standards in the industry.
Over the past three months, the team at Sonder Fulfillment has been hard at work securing further relationships, creating new revenue streams, and opening many opportunities within emerging markets. With a strong strategic relationship with GVB Biopharma, one of the industry’s largest and most well-respected cannabinoid manufacturers, Sonder Fulfillment is able to provide distribution of cannabinoid products into many different emerging markets, particularly Japan. This relationship has also allowed Sonder Fulfillment the opportunity to secure one of the most stable and steady supply chains available in the market.
With more than $84,000 of new business revenue on the books for the month of November, Sonder Fulfillment continued to grow all avenues of its Company throughout 2021. All business revenue currently booked, coupled with the many developments transpiring, should allow Sonder Fulfillment to end its year successfully. On the heels of this achievement, Sonder Fulfillment has received numerous open purchase orders with several bulk fulfillment and white label transactions developing, which stem from the delivery of satisfied product samples that were sent out, tested and approved by clients over the past 60 days. As the different transactions developing within Sonder Fulfillment come to fruition, the Company anticipates disclosing further details on each completed development and the positive financial benefit these transactions provide the Company. Further bolstering this is the potential of several recurring contracts that are contingent on the approval of samples that were recently sent out for testing.
Regarding the international business developments, Sonder Fulfillment has been working diligently over the past year to become a first mover in emerging markets such as the U.K., Japan and Mexico. The Company looks forward to sharing further information on the following accomplishments which have occurred:
- Sonder Fulfillment has secured approval of cannabinol (“CBN”) for export into the Japanese market. This opens up a tremendous amount of opportunity for sales of this novel cannabinoid that greatly assists the end-user with anxiety and sleep-related issues.
- Sonder Fulfillment has secured an online distribution channel to showcase and sell Le-Pragma products on a platform that is backed by a large marketing team in the United Kingdom.
- Sonder Fulfillment continues to work with its partners in Mexico to further progress the approval from the Mexican government to export a variety of products into the country. The Company has built a portfolio of end-user cannabinoid products that have been delivered and sold to a distribution company in Mexico and is now working towards approval on all additional skews being developed. These achievements will expand the Company’s footprint in Mexico, furthering Sonder Fulfillments goal of distributing end-user cannabinoid products into 30,000 retail outlets and ultimately gaining distribution access into large retail big box outlets across the country.
Steffan Dalsgaard, CEO of Golden Triangle Ventures, states, “I have been working side-by-side with the executive staff of Sonder Fulfillment over the past three months and am beyond impressed by their diligence and resolve to firmly entrench themselves as leaders in the industrial hemp and white label cannabinoid industry. They have provided significant value to the Company in every one of our divisions since being acquired. The Company continues to make significant strides as I continue to learn about the many exciting transactions that their management team is working to accomplish. I look forward to seeing their continued growth and disclosing the many developing transactions within the Company. As we begin to share details on the many achievements within the Company, my entire team and I are confident that our shareholders will fully understand the positive value Sonder Fulfillment is working to provide GTV in the next coming month and new year ahead.”
Nathan Puente, president of Sonder Fulfillment, states, “We have spent the past year laying the foundation for our release into emerging international markets. This focus will allow us to scale and grow far greater than we could, being solely based in the U.S., which is experiencing over saturation and regulatory delays. After all the effort we have placed into planning and submitting a library of documentation to each country we penetrate, I am proud to let our partners and shareholders know that we have made successful shipments and business transactions in areas where we have become first movers, including, Japan and Mexico."
About Golden Triangle Ventures, Inc.
Golden Triangle Ventures, Inc. (GTV) is a multifaceted consulting company pursuing ventures in the health, entertainment, technology, fulfillment and food & beverage industries, with many additional projects being developed that provide synergistic values to these divisions. The company aims to purchase, acquire and/or joint venture with established entities that management can assist and help develop into unique opportunities. Additionally, GTV provides a professional corporate representation service to different companies in these sectors while consulting on a variety of business development objectives. The goods and services represented are driven by innovators who have passion for and commitment to these marketplaces. The company plans to utilize relationships and create a platform for new and existing businesses to strengthen their products and/or services.
HEALTH DIVISION
Global Health Services is a wholly owned subsidiary of Golden Triangle Ventures (operating under its Health Division). Dedicated to the promotion of well-being and natural wellness, the company currently does business in the medical PPE space as well as the industrial hemp/CBD industry. Additionally, the company has a vision to promote, market and generate sales for a myriad of products and services, which include a full retail line of high-end, all-natural health, wellness and beauty products created by Le Pragma, which the company is currently working to acquire in full. To help achieve this vision, Global Health Services is in the process of further developing an extensive online portal that will support the multiple verticals under the company and provide a one-stop shop for all of the company's products and services. Moreover, to support overarching business goals, senior management tirelessly works on acquiring and building an array of profitable assets and projects.
ENTERTAINMENT DIVISION
Lavish Entertainment (EpicRaves) is a wholly owned subsidiary of Golden Triangle Ventures under its Entertainment Division. Operating out of Las Vegas, Nevada, the company started doing business in 2017 and was established with a vision of becoming a nationally recognized concert production company. The company currently has more than 30,000 national followers and nearly 100 team members who have helped the company successfully organize some of the most exciting electronic dance music concerts in Las Vegas. Lavish Entertainment is currently doing business as (DBA) "EpicRaves," which will eventually become a wholly owned subsidiary of Lavish Entertainment as the company expands its business into a variety of other forms of entertainment. The company is building an immersive virtual reality platform to help monetize its livestreamed concerts and assist its business in expanding into markets outside of Las Vegas. The company has also launched its own record label, called Syndicate Bass Records, to showcase some of the best bass music artists in the world and provide a platform to highlight their music. Lavish Entertainment has a partnership with Sahara Event Center, which is a 68,000-square-foot event center where the company organizes some of its larger concerts. Management has a vision of acquiring a large-scale venue to develop the most advanced event center in the world.
www.LavishEntertainment.com
www.EpicRaves.com
TECHNOLOGY DIVISION
HyFrontier Technologies is a wholly owned subsidiary of Golden Triangle Ventures under its Technology Division. The company owns a patent-pending process and device technology called "HyGrO," which is a molecular hydrogen and oxygen delivery system for agriculture. Golden Triangle Ventures, Inc. is assisting the company in commercializing the HyGrO unit for farm and home use in markets across the globe. HyFrontier Technologies, Inc. has a mission to improve global crop production efficiency by producing hydrogen and oxygen directly in the water stream. This technology can be used on any species of plant life in nearly any grow medium. Additionally, the system can be retrofitted to wellheads for large-scale agricultural projects, indoor grow operations and small farms or utilized for a multitude of residential home and garden applications. In-house testing has shown evidence that hydrogen is capable of increasing crop yields by up to 25% and, in many circumstances, a much higher amount. Larger root systems and better overall plant health were also observed by watering plants with the HyGrO unit. Multiple third-party commercial farms and testing facilities are currently working to validate the HyGrO technology, and all preliminary results are extremely positive. Company headquarters have moved into a 7,800-square-foot, state-of-the-art manufacturing facility located in Florida while executing a three-year lease with an option to purchase the entire 24,000-square-foot building.
FOOD & BEVERAGE
Napa Wine Brands is a wholly owned subsidiary of Golden Triangle Ventures and a synergistic business with a mission of providing a world-class portfolio of unique brands that are all birthed from Napa Valley and Sonoma Valley in the heart of California’s wine country. The company has a commitment to manufacture and distribute specialty wines, foods and unique items while tapping into an array of hidden markets in the food and beverage industry. With extensive resources and award-winning products, Napa Wine Brands aims to develop some of the most desirable products in today’s market. Originated by some of the most profound experts in Napa Valley, the company’s vision is to broaden the horizon of a traditional food and wine company by creating a platform different than anything seen in the Northern Hemisphere. Napa Wine Brands has an array of fully developed products and services that provide value to the other divisions under Golden Triangle Ventures. The company is now preparing the launch of several brands, products and services that are market-ready and will immediately turn into cash-positive businesses. Golden Triangle Ventures will provide a full support system and assist management of Napa Wine Brands in growing this company into another fun, exciting and profitable division of Golden Triangle Ventures.
SONDER FULFILLMENT
Sonder Fulfillment is a wholly owned subsidiary of Golden Triangle Ventures, providing an array of synergies to the many companies and projects within GTV. Sonder Fulfillment is a leading company in the industrial hemp and CBD industry. Sonder Fulfillment has put together a powerful team of research Ph.Ds, formulary scientists and flavor compounding specialists to build advanced cannabinoid-based nutritional and homeopathic products that are designed to catalyze the endocannabinoid system (ECS) to support targeted wellness and relief. The company’s management team has built many well-known products in the natural medicine space for several decades and has coalesced that knowledge to build out superior processes and products. Sonder Fulfillment has strong and longstanding relationships with farms, extraction labs, product formulation labs and co-packaging companies, which allows Sonder Fulfillment to secure the complete supply chain from start to finish and provide its clients with the lowest cost of goods sold as possible while maintaining the highest-quality standards in the industry. Sonder Fulfillment has produced for and currently has white-label contracts for some of the largest CBD companies in the space, such as Select (a division of CURA), Amway and many others. The company provides bulk raw CBD materials to clients in 22 countries and is now paving the way to become the first company to provide legally commercialized end-consumer CBD products into “hard-to-penetrate” markets such as Japan, Australia, South Korea and Mexico. Sonder Fulfillment has partnered with GVB Biopharma, one of the largest industrial hemp processors in the space, to undertake the extensive and rigorous process of getting active pharmaceutical ingredient (API) certification for raw products. API certification will allow Sonder Fulfillment to further expand its reach into markets where CBD can only be distributed through prescriptions as a medicinal product.
FORWARD-LOOKING INFORMATION
Certain information set forth in this press release contains "forward-looking information," including "future-oriented financial information" and "financial outlook," under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the company; (ii) completion of, and the use of proceeds from, the sale of the shares being offered hereunder; (iii) the expected development of the company's business, projects and joint ventures; (iv) execution of the company's vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the company's projects; (vi) completion of the company's projects that are currently underway, in development or otherwise under consideration; (vi) renewal of the company's current customer, supplier and other material agreements; and (vii) future liquidity, working capital and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management's beliefs and opinions in respect to the future so they may use such beliefs and opinions as one factor in evaluating an investment. These statements are not guarantees of future performance, and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Although forward-looking statements contained in this presentation are based upon what management of the company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change, except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements. The Securities and Exchange Commission ("SEC") has provided guidance to issuers regarding the use of social media to disclose material nonpublic information. In this regard, investors and others should note that we announce material financial information on our company website, www.GoldenTriangleInc.com, in addition to SEC filings, press releases, public conference calls and webcasts. We also use social media to communicate with the public about our company, our services and other issues. It is possible that the information we post on social media could be deemed to be material information. Therefore, in light of the SEC's guidance, we encourage investors, the media and others interested in our company to review the information we post on the following U.S. social media channels:
Twitter: www.twitter.com/GTV_Inc
CONTACT INFORMATION
Golden Triangle Ventures, Inc.
3035 E Patrick Ln. #15
Las Vegas, NV 89120
[email protected]
1-800-469-2614
Corporate Communications
InvestorBrandNetwork (IBN)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
[email protected]
