Golden Triangle Ventures, Inc. Announces an LOI to Acquire Sonder Fulfillment, LLC

Rhea-AI Summary

Golden Triangle Ventures (GTVH) has signed a Letter of Intent (LOI) to acquire Sonder Fulfillment, a key player in the industrial hemp and CBD sector. Sonder Fulfillment specializes in creating advanced cannabinoid-based wellness products, leveraging a highly qualified team of scientists and a comprehensive supply chain. With a significant international reach, including contracts with major CBD companies and endeavors to achieve Active Pharmaceutical Ingredient (API) certification, the acquisition is set to enhance GTVH's market position and product offerings.

Positive

• Acquisition of Sonder Fulfillment aims to boost GTVH's product lines and market access.
• Sonder Fulfillment's extensive experience and international contracts can enhance revenue opportunities.
• The potential for API certification may expand distribution into prescription-based markets.

Negative

• None.

LAS VEGAS, NV, May 20, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Golden Triangle Ventures, Inc. (OTC PINK:GTVH) has executed a Letter of Intent (the “LOI”) to acquire Sonder Fulfillment, LLC. which is a leading Company in the industrial hemp and CBD space that is dedicated to driving forward the most powerful and efficacious cannabinoid products in the world.

Sonder Fulfillment has put together a powerful team of research PHDs, 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 has built many well-known products in the natural medicine space for several decades and management has coalesced that knowledge to build out superior processes and products. The Company has strong and longstanding relationships with farms, extraction labs, product formulation labs, and co-packaging companies which allow 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 and provides bulk raw CBD materials to clients in 22 countries; including being the first Company to provide legally commercialized end-consumer CBD products to Mexico. Moreover, Sonder Fulfillment is undertaking the extensive and rigorous process to get 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. Looking to the future, Sonder Fulfillment plans on utilizing the newly found partnership with Golden Triangle Ventures to expand product offerings, increase reach, enter new markets, and more importantly, further its research into the conditions that cannabinoid products can potentially assist with, in a homeopathic nature. 

More information on Sonder Fulfillment can be found here: www.SonderFulfillment.com

Joshua Weaver, CEO of Sonder Fulfillment, states, “Over the past two years, our operating partners have compiled a team of the best minds in the industrial hemp industry to create a totally vertical operation from seed to shelf. This acquisition by Golden Triangle Ventures will fully capitalize our operations and allow us to further expand our product lines and enter into new markets across the globe.”

Mr. Weaver further stated that “I couldn’t be more excited for our alliance with the Golden Triangle Ventures team. Their passion and dedication show in every facet of their Company, and I feel they will be an incredible asset to our operations. In fact, myself and our internal operating group are working on an even larger project with GTV that will greatly assist us in expanding our footprint across the entire industry.”

Steffan Dalsgaard, CEO of Golden Triangle Ventures, states, “I have worked with Josh and his core team for several years and I can say without a doubt that they are some of the most respected people in the industry with resources beyond imagination. Josh and his team have provided so much value to our core business in all of our divisions and we all look forward to showing the world the many amazing projects that have and will develop once we formalize this transaction.”

About Golden Triangle Ventures, Inc.

Golden Triangle Ventures, Inc. (GTV) is a multifaceted consulting Company pursuing ventures in the Health, Entertainment, and Technology 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 help assist and 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 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. The three points of the Golden Triangle exclusively represents these three sectors in which the Company aims to do business in.

www.GoldenTriangleInc.com

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. 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.

www.GTVHealth.com

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 which 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.

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. Universities and multiple 3rd party testing facilities are currently working to validate the HyGrO technology, and all preliminary results are extremely positive. To push the development and commercialization of the technology, management has moved the Company headquarters from Colorado to Florida which has transitioned its operations into a 7800 sq. ft. state-of-the-art manufacturing facility. The Company recently executed a 3-year lease with an option to purchase the entire 24,000 sq. ft. building which will help the business in achieving its ultimate goal of commercializing this technology to the world.

www.HyFrontier.com

FOOD & WINE

Napa Wine Brands is a wholly owned subsidiary of Golden Triangle Ventures which is a synergistic business with a mission of providing a world-class portfolio of unique brands which 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.

www.NapaWineBrands.com

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 of the future so that 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 result 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 non-public information. In this regard, investors and others should note that we announce material financial information on our investor relations Company website, www.TheWaypointRefinery.com, in addition to SEC filings, press releases, public conference calls and webcasts. We use these channels as well as 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

The Waypoint Refinery, LLC

www.thewaypointrefinery.com

Twitter:@waypointthe

CONTACT INFORMATION

Golden Triangle Ventures, Inc.

3035 E Patrick Ln. #15

Las Vegas, NV 89120

info@GoldenTriangleInc.com

1-800-469-2614

FAQ

What is the purpose of Golden Triangle Ventures' acquisition of Sonder Fulfillment?

The acquisition aims to enhance GTVH's product offerings and expand its reach in the industrial hemp and CBD markets.

What are the expected benefits of the Sonder Fulfillment acquisition for GTVH?

The acquisition is expected to provide increased market access and revenue opportunities through enhanced product lines and API certification.

What is Sonder Fulfillment's role in the CBD industry?

Sonder Fulfillment is known for developing advanced cannabinoid-based nutritional and homeopathic products and has established contracts with major CBD companies.

How will the acquisition impact GTVH's presence in new markets?

The acquisition of Sonder Fulfillment is anticipated to facilitate GTVH's entry into new markets by leveraging Sonder's existing relationships and distribution capabilities.

When was the LOI for the Sonder Fulfillment acquisition signed?

The Letter of Intent for the acquisition was signed on May 20, 2021.