Emerging leader in the cannabis, hemp, and cannabidiol (“CBD”) marketplace Golden Developing Solutions (OTC: DVLP) this morning announced that it is presently establishing a state-of-the-art facility for high-capacity CBD extraction and production. The company is in negotiations with a leading supplier of first-class extraction and production equipment and has strategically chosen an ideal location for the facility which will be disclosed to shareholders soon. Per the update, the company intends on marketing both 99% pure CBD distillate and full-spectrum CBD products and targeting major wholesale manufacturers and dispensaries. Additionally, DVLP also reported a noteworthy expansion in its core team, with both C-suite and Board of Director positions growing to include over 50 years in new collective experience in real estate, cannabis and international business. “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,” DVLP CEO Stavros Triant commented in the news release.
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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. Through the website of its wholly owned subsidiary, Pura Vida Vitamins, 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. For more information, visit the company’s websites at www.PuraVidaVitamins.com and www.WheresWeed.com.
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