Fort Lee, NJ – March 21, 2019 – GD Entertainment And Technology (OTC: GDET) (“GDET” or the “Company”) today announced that Goldman Small Cap Research issued a research report on the Company. The report includes a target price-per-share of $0.06. The report reviews recent events and provides an analysis of GDET’s new initiatives. To view the research report, along with disclosures and disclaimers, visit http://www.GoldmanResearch.com.
GDET Goldman Small Cap Research Update Highlights
GDET may be the only publicly-traded pure play covering three of the fastest growing, multi-billion-dollar, next-gen industries: Cryptocurrency, Blockchain, and CBD products. Thus, investors can participate in all 3 industries via one investment vehicle, GDET. In particular, Goldman is high on GDET’s prospects in the CBD arena. According to a report by the Brightfield Group, the hemp-derived CBD market is forecast to reach $22 billion in 2022. Given that the market remains fragmented, in-demand, niche offerings sold by GDET position the Company for rapid market share gains.
In the Opportunity Research report, analyst Rob Goldman discusses the Company’s new initiatives, and exciting upcoming opportunities that lie ahead.
CBD Products to Drive Revenue
Goldman noted, “GDET’s new CBD products subsidiary, the Greenery is preparing to launch their product line with an aggressive marketing/social media campaign with specific target customers in mind.”
“There is substantial interest in hemp-derived CBD-infused products, as evidenced by the flurry of M&A, and investment activity. Moreover, companies such as the maker of new products such as CBD-infused Jelly Belly candy can’t keep up with consumer demand. We envision similar events with some of GDET’s current and proposed offerings.”
Crypto ATM Generates High Profit Margins
“The Company’s HyperDigital Technologies subsidiary is in the process of securing/applying for multiple MSB licenses to secure multiple money services business licenses in order to host cryptocurrency ATM (or kiosk) units throughout the country. Once deployed, these units can generate high returns per transaction, regardless of crypto pricing changes. GDET also runs crypto mining operations in New Jersey.”
Upcoming Milestones Serve as Catalysts for GDET Stock
“An early stage player with a diversified revenue stream in high profile and high growth markets, we believe GDET offers considerable upside at current levels. As GDET achieves CBD product introduction and revenue milestones along with broad cryptocurrency ATM deployment, these event-driven shares are primed to be driven towards their 52-week high.”
About Goldman Small Cap Research: Founded in 2009 by former Piper Jaffray analyst and mutual fund manager Rob Goldman, Goldman Small Cap Research produces sponsored and non-sponsored small cap and microcap stock research reports, articles, stock market blogs, and popular investment newsletters.
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This press release contains excerpts of our most recently published sponsored company research report on GD Entertainment and Technology Inc. which carries a rating and a price target. The information used and statements of fact made have been obtained from sources considered reliable but we neither guarantee nor represent the completeness or accuracy. Goldman Small Cap Research relied solely upon information derived from GD Entertainment and Technology Inc. (“the Company”) authorized press releases or legal disclosures made in its filings with the U.S. Securities and Exchange Commission http://www.sec.gov.
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About GD Entertainment and Technology Inc. (OTC – GDET): GD Entertainment & Technology, also known as GDET, focuses on high growth industries to fulfill a diverse selection of premium products nationwide. The company currently manufactures, wholesales, and markets a portfolio of blockchain/financial service-based products. GDET strives to become one of the premier Cryptocurrency mining facilities that is client-focused and dedicated to creating a new standard in the Blockchain space based on security and transparency. GDET has also developed a strong relationship with suppliers worldwide to ensure future purchasing. The company currently has two subsidiaries, DreamCard and HyperDigital Technologies, which both offer a selection of transactional-based products and services. DreamCard allows users to create a customizable debit or credit card using its state of the art online platform. HyperDigital Technologies is the Cryptocurrency ATM sector of GDET and aims to secure multiple MSB, money services business, licenses in order to host ATM units throughout the country.
For more information, please visit: www.GDET.co
Goldman Small Cap Research
Rob Goldman, Analyst
Source: GD Entertainment And Technology