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DENVER, Feb. 20, 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 lease agreement for its new state-of-the-art Colorado CBD processing and distillate facility has been officially finalized, and the Company will take full possession of the property on March 1.
The facility, located in Centennial, CO (a rapidly growing suburb of Denver), is over 13,000 square feet in size and capable of best-in-class security infrastructure. The property was formerly used as a high-tech biotechnology research facility. Management believes it is an ideal candidate for transformation into a top-tier CBD facility capable of producing premium quality CBD in significant volumes with full professional-grade laboratory capabilities.
“If there is a ‘capital of cannabis’ in the US, Centennial may be it,” commented DVLP CEO Stavros Triant. “We are extremely comfortable with the location and see the surrounding community as enthusiastically supportive to our interests. The property is perfect. Period. We hit the jackpot in terms of location, design, amenities, and upside potential as a top-flight CBD production base of operations.”
Management notes that the Company expects delivery of significant processing and production equipment within the next 60 days and anticipates full operations to commence by June of this year. In addition, the facility will also nicely accommodate the Company’s hemp storage needs on-site, which is a competitive advantage.
Mr. Triant continued, “This process is already moving ahead of schedule. We will quickly be standing shoulder-to-shoulder with many of the distributors and manufacturers in the Colorado cannabis, hemp, and CBD ecosystem. And we have the verticals already in place to take that game to the next level with our dispensary relationships and our much-anticipated WheresCBD.com asset beginning to blossom in parallel. With CBD now expected to expand into a $22B industry in the US over the next three years, fast-tracking this location into gear over coming months should make 2019 an extremely exciting time for the Company.”
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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