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Thursday, August 11, 2022

The Inside Scoop on Gold River Productions Inc. (OTCMKTS: GRPS)

Gold River Productions Inc. (OTCMKTS: GRPS) saw a recent huge spike to $0.02 out of triple zero land. Currently trading over $0.003 the stock was a volume leader on Friday trading well over $100k in dollar volume.

The move on GRPS comes after the Company along with jv partner Rushnet announced the sale of New Earth Corporation for 2,250,000 shares of STNT to GRPS and 250k shares of STNT to Rushnet.

Gold River Productions Inc. (OTCMKTS: GRPS) is a top of the line medical CBD company. With innovative products targeting specific disease states using supplements, Gold River Productions, along with RushNet, is poised to take CBD to the next level. With two of its top officials being not only medical doctors, but well-versed in the field of cannabis, a team of scientists and technical experts have joined forces to utilize all that CBD and Hemp have to offer. GRPS has new products ranging from unique edibles to smoking cessation products, the incorporation of cannabinoids rich CBD that is organically grown into intriguing products is the focus. With an anticipated name change to XYZHEMP, and website: www.xyzhemp.com.

GRPS has a joint venture with Rushent (RSHN) involving all areas of cannabis production (including hemp) from cultivation and manufacturing to distribution and retail, with an emphasis on unique products and high-quality CBD.  RushNet is more focused on product development, particularly edibles and beverages while Gold River Productions addresses the more scientific elements of these pursuits, using formulations found only in the formation of high-quality nutraceuticals. Together, they are able to facilitate the vertical integration envisioned. Each is acquiring and joint venturing with companies in all aspects of the cannabis field as they jointly pursue a fully integrated cannabis and hemp business model.

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GRPS got a huge boost after the Company along with partner Rushnet the joint sale of New Earth Development Corporation (New Earth), on February 28, 2020. The combined sale price is $34,975,000, payable in shares of Stevia Nutra Corp. (OTC Pink: STNT) common stock, 2,250,000 shares to Gold River and 250,000 shares to RushNet (this split being in accordance with the terms of the joint venture agreement between Gold River and RushNet). Based on the $13.99 price per share of Stevia Nutra common stock as of the February 28, 2020 contract date, for this quarter, our accountants confirmed that Gold River will report $31,477,500 in Revenues for financial statement purposes. Similarly, RushNet’s revenues will include its $3,497,500 from this transaction. Given the negligible amount of expenses that each company incurs, the net income is expected to significantly exceed 90% of the Revenues. As a further result of this transaction, each company will report an asset of a like amount – $31,477,500 and $3,497,500, respectively.

Richard Goulding, MD, Chairman of the Board, reports that “the agreement includes a cooperation provision enabling Gold River and RushNet to continue their respective pursuits of this burgeoning market, entitling each to a discounted price of goods and services from New Earth Development Corporation, including from its subsidiary HempArmor Inc.TM” Dr. Goulding continued, “We feel that Stevia Nutra is uniquely positioned to pioneer the production of graphene products generally and the hemp growing process which can provide the raw ingredients for graphene. Furthermore, the company is positioning itself, via its recent acquisition, HempArmor, to manufacture highly protective apparel for the protection of persons, including through the use of 3D printing technology. While substantial income will be reported from this transaction, what we ultimately realize on this transaction will be a function of how successful Stevia Nutra, New Earth and HempArmor are in their various pursuits in this market.”

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Currently trading at a $7 million market valuation GRPS has little assets and is virtually debt free with some revenues accoding to the filng from December.  The move on GRPS comes after the Company along with jv partner Rushnet announced the sale of New Earth Corporation for 2,250,000 shares of STNT to GRPS and 250k shares of STNT to Rushnet. STNT is currently trading at $9.50 on the pink sheets with little liqudity. We will be updating on GRPS when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with GRPS.

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Disclosure: we hold no position in GRPS either long or short and we have not been compensated for this article.

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