The CBD space has quickly emerged as an attractive option for many investors who are looking for high-growth sectors and currently there are many companies to choose from. One such company is GD Entertainment and Technology (OTC: GDET).
Although there has been no news about the company in recent times, the stock soared by as high as 24% on Monday. In this sort of situation, it might be a good idea for investors to take a look at an announcement made by the company last May.
However, in May last year, the company had made a key announcement with regards to its business operations. GD Entertainment and Technology announced in May 2020 that it was going to streamline its operations considerably in order to focus its financial resources more closely on its CBD business. It was a major announcement that reflected the importance of the CBD business for the company. At this point, investors might consider keeping an eye on the news wires with regards to any new developments about the company.
Editor and Computer Expert
A hardcore tech enthusiast and computer expert Uson Abdilazhanov who holds a degree in communications started writing in his personal blogs since 2012. That time he was interested in the technical part of the computer. But now the software aspect plays an important role in his career. Currently, he runs a PC building and repairing shop which helps a lot of designers and gamers who always like to try new things.