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AUSTIN, Texas, Jan. 23, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Golden Developing Solutions, Inc. (OTCMKTS: DVLP) (“DVLP” or the “Company”), an emerging leader in the Cannabis, Hemp, and CBD marketplace, is excited to announce that the Company is in the process of establishing a state-of-the-art facility dedicated to high-capacity CBD extraction and production. A strategically advantageous location has already been selected, but management is not ready to disclose the location at present, though it will be disclosed to shareholders and the market over the very near term.
The Company has already begun negotiations with a top-tier supplier of best-in-class extraction and production equipment to outfit the new facility.
DVLP CEO Stavros Triant commented, “Frankly, our Where’s Weed segment has outperformed, both in terms of financial performance and in terms of network effects. One major consequence of this latter impact is that a large and increasing number of our platform dispensaries have indicated that they would be excited by a vertical integration on our side such that DVLP represents a one-stop-shop: marketing dispensaries, locating customers, and supplying the product. We ran the math and it makes sublime sense. With the cash flow coming from that business, we can seamlessly add a powerful new segment in stride and everybody wins.”
Management states that the Company plans to market both 99% pure CBD distillate and full-spectrum CBD products and to target major wholesale manufacturers and dispensaries.
In addition, the Company is also announcing a significant expansion in its core team, with both C-suite and Board of Director positions expanding to include over 50 years in new aggregate experience in Real Estate, International Business, and Cannabis experience.
“We are extremely excited about this transition,” continued Mr. Triant. “The extraction and production opportunity is very compelling and we have a tremendous prepotency in place to take advantage of that right now. In addition, the talent that we have coming in the door is a clear game-changer. We will elaborate on the new team members in coming weeks.”
About Golden Developing Solutions, Inc.
Golden Developing Solutions (DVLP) is developing an online retail business for cannabidiol (CBD), hemp oil and health/wellness-related products. The Company is also developing a high-capacity, high-quality CBD extraction and production facility. In addition, through the website of its joint venture partner, Pura Vida Vitamins (www.PuraVidaVitamins.com), as well as through wholesale and distribution channels, the Company offers a broad range of high-quality, price-competitive products, including traditional vitamins, supplements, and CBD-based tinctures, vapes and soft gels, among other products. Merchandise also includes hemp and CBD-related products and additional products focusing on health and lifestyle.
Golden Developing Solutions is a development-stage company providing business services and/or products supporting the cannabis industry, in which company intends to make acquisitions in the near future. Currently, 29 states and the District of Columbia have passed laws permitting their citizens to use cannabis for medical and/or recreational purposes. Cannabis has shown encouraging signs as a treatment for various medical conditions and has become increasingly more acceptable to the public and society.
This press release contains forward-looking statements. All statements other than statements of historical facts included in this press release are forward-looking statements. In some cases, forward-looking statements can be identified by words such as "believe," "expect," "anticipate," "plan," "potential," "continue" or similar expressions. Such forward-looking statements include risks and uncertainties, and there are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Investors are encouraged to review the Company’s filings with the Securities and Exchange Commission. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company’s control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company’s current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The contents of any website referenced herein are not incorporated into this press release.
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