Election Results Expand the Legal Cannabis Footprint by Four States, Boosting Prospective Sales for DGDM's Proven Disruptive Pesticide Product Targeted to MJ Growers
Flower Mound, Texas--(Newsfile Corp. - November 12, 2020) - Digital Development Partners, Inc. (OTC PINK: DGDM) ("DGDM" or the "Company"), doing business as Black Bird Potentials Inc., the exclusive distributor of MiteXstream biopesticide and manufacturer of Grizzly Creek Naturals CBD products (GrizzlyCreekNaturals.com), today addressed the expanding prospects, post-election, for its disruptive pesticide product, MiteXstream, following favorable legal cannabis votes in Arizona, New Jersey, Montana and South Dakota.
2020-2025 Growth. US recreational and medical cannabis industry sales are expected to be $19 billion for 2020, $24 billion for 2021 and, by 2025, with the four additions this month and expected newcomers, including New York, sales are industry sales are expected to reach $45 billion (Source: Brightfield Group).
Big Indoor Grows Need Protection. "Indoor grows are quite susceptible to troublesome infestations of spider mites and other pests and outbreaks of mold and mildew - the pests can kill the plants, while mold and mildew can spoil the harvest. Plant-based MiteXstream treats these problems the grow through the day of harvest without state testing failures - that is our disruptive competitive advantage," said Fabian Deneault, President of DGDM. "We continue to anticipate a December 2020 EPA approval of MiteXstream."
East Coast Density. "As legal cannabis continues to penetrate the densely populated Northeast Corridor - D.C. to Boston - the demand on grows to produce cannabis products will require efficient production techniques, and we believe MiteXstream will be a significant player in that effort," Mr. Deneault added.
DGDM: Doing Good, Doing More. DGDM is always looking for ways to live up to its mission statement, Doing Good, Doing More.
Through its subsidiary Black Bird Potentials, DGDM manufactures and sells CBD products, including CBD Oils, gummies and pet treats, and CBD-infused personal care products, as well as hand sanitizer gel and spray products. In addition, Black Bird is a licensed grower of industrial hemp under the Montana Hemp Pilot Program. Black Bird is the exclusive distributor in the U. S. and Canada for MiteXstream, a plant-based biopesticide effective in the eradication of spider mites, a pest that destroys crops, especially cannabis, hops, coffee and house plants, as well as molds and mildew. EPA approval of MiteXstream is expected in late 2020.
Notice Regarding Forward-Looking Statements
This news release contains forward-looking information including statements that include the words "believes," "expects," "anticipate," or similar expressions. Such forward looking-statements involve known and unknown risks, uncertainties, and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof. Information concerning these and other factors can be found in the company's filings with the SEC, including its Forms 10-K, 10-Q, and 8-K, which can be obtained on the SEC's website at http://www.sec.gov.
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