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DENVER, Feb. 14, 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 thrilled to announce an agreement between its Where’s Weed division and GreenBits (greenbits.com), one of the largest point-of-sale systems in the cannabis industry, with over $2.5 billion in cannabis transactions processed across twelve states. This partnership will be comprehensive, with Where’s Weed gaining access to the entire GreenBits POS system and network.
“This is a powerhouse of synergy,” commented DVLP CEO Stavros Triant. “Where’s Weed is a rapidly expanding platform that just went nationwide in helping cannabis consumers access cannabis. GreenBits is a rapidly expanding POS system serving 700 cannabis retailers across twelve states. This partnership is an ideal accelerant for Where’s Weed platform growth, allowing business owners across the entire GreenBits network to sync their Where’s Weed menu and products with their real-time inventory.”
Management notes that Where’s Weed has already established strong growth in POS integrations as its dispensary adoption continues to accelerate. However, this integration with GreenBits powerfully ramps the coverage footprint, moving Where’s Weed into a leadership position in terms of real-time menu and product information in the cannabis marketplace.
Mr. Triant continued, “At the end of the day, this partnership allows consumers greater access to accurate product information and availability, and saves dispensary owners time, increasing their efficiency. It’s a win for everyone involved, which is why we believe it will be another significant boost to total transaction and user growth on the Where’s Weed platform.”
The Company notes that customers interested in syncing their GreenBits data are encouraged to work with their account executive.
About Where’s Weed
Since 2011, Where’s Weed has been dedicated to helping medical and recreational consumers find dispensaries, delivery services, strains, and deals in their local cannabis community. Additionally, the platform helps cannabis companies connect with consumers and more efficiently manage and market their business in the digital space.
About Green Bits
Green Bits is a retail management platform that helps legal cannabis retailers grow their businesses. Green Bits serves more than 700 cannabis retailers in twelve states with more than $2.5 billion in annual sales processed through the Green Bits point-of-sale. The company was founded in 2014 and has offices in San Jose, California, and Portland, Oregon.
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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