| Quote | Today | 3 Mths | 1 Yr | YTD |
|---|---|---|---|---|
| DGRI | 84.2% | 1650.0% | 1650.0% | 3400.0% |
http://ireport.cnn.com/docs/DOC-1117416
Dutch Gold Resources, Inc. (OTCBB: DGRI) Expects to Capitalize on the Emerging $180M Medical Marijuana Sector Merchant Services Industry
By CannaNews | Posted 06.04.2014 17:17
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Dutch Gold Resources, Inc. (OTCBB: DGRI) Expects to Capitalize on the Emerging $180M Medical Marijuana Sector Merchant Services Industry
The marijuana sector, both adult use and medical, have continued to see huge value increases for shareholders in the past several weeks. Many companies like United Treatment Centers, Inc. (OTCBB: UTRM) have seen huge rallies coming from the $0.0001 to $0.002 price range to $0.0146 per share. This type of excitement is becoming quite common lately. Other companies like Alternative Energy Partners, Inc. (OTCBB: AEGY) and SK3 Group, Inc. (OTCBB: SKTO) have also recently seen huge rallies, coming from sub-pennies to well over $0.01 per share.
Analysts have estimated the medical marijuana industry size to be approximately $2 billion this year, and currently many medical marijuana retailers are paying up to 9% of their revenues for merchant services. This leaves an opportunity on the table for a more efficient merchant services provider to capitalize on to the tune of $180M each year - a value that is expected to increase greatly each year. The industry is expected to grow from $2 billion in 2014 to $10 billion by 2019.
Dutch Gold Resources intends to decrease merchant services costs for MMJ companies, which will attract many dispensary and business owners to use DGRI's services over their more expensive competitors.
In addition to providing typical merchant services, on April 8th, DGRI will be launching a web portal (http://finance420.com), which will allow lenders to connect with borrowers in the MMJ sector. Additionally, the portal will offer consulting services to help private companies in the sector to go public through reverse mergers or IPOs.
The company also recently announced their goals for Q2 2014, which included removing their DTC Chill and becoming fully reporting. They also clarified that they will not be reverse splitting in the foreseeable future, and they want to increase the real intrinsic value per share of the company in order to benefit shareholders and reward them for patience as the company moves through its developmental stages.
http://ireport.cnn.com/docs/DOC-1117416
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