Emerging leader in the cannabis, hemp, and cannabidiol
(“CBD”) marketplace Golden Developing Solutions (OTC: DVLP) this morning issued
a letter to shareholders from CEO Stavros Triant. According to the update,
springing from its success in acquisition of the Where’s Weed platform and
subsequent growth, the company is expanding vertically into CBD extraction and
production. DVLP has selected a site, located in Colorado, and is in active
negotiations with equipment suppliers. The company estimates that, at full
capacity, revenue would be in the range of $25 to $35 million. “We are already
working closely with two different equipment manufacturers, each of which has
committed to working side-by-side with us in a hands-on process as we outfit
our facility over the near term,” Golden Developing Solutions CEO Stavros
Triant states in the letter to shareholders. “Given the capacity of the
extraction equipment we will be installing, we estimate total plant capacity to
process between 150-175k lbs of dry hemp flower per year at the facility.”
To view the full press release, visit http://ibn.fm/6OXES
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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