- Record
sales attributed to DVLP’s operational entity and subsidiaries
- CEO
says that DVLP has built a diverse ecosystem of products and services and
is creating a community of consumers and businesses in the cannabis space
- The
company’s new 25,000-square-foot facility is expected to “exponentially
amplify” its manufacturing capabilities
Golden Developing Solutions Inc. (OTC: DVLP) reported
sales of $1,965,641 for Q2 2019, ended June 30. DVLP is an early-stage emerging
company offering business services and/or products supporting the cannabis
industry. The company’s portfolio includes several fully owned ancillary technology,
CBD and cannabis businesses (http://ibn.fm/iUHZZ).
“We believe our diverse ecosystem of product and service
offerings is creating a community of consumers and businesses,” DVLP CEO
Stavros Triant stated in a news release. “It’s also successfully fulfilling
needs across multiple channels of the cannabis and cannabis-related industries
that weren’t previously available or developed.”
The company secured a new 25,000-square-foot facility in
Denver, Colorado, in early June. DVLP expects (http://ibn.fm/mJwdZ) the
facility to “exponentially amplify (its) manufacturing capacities in the
future.” Triant added that, while the firm is increasing its manufacturing
capability, it is also focused on building vertical management.
“We’ve built a technical foundation, and now we’re working
to solidify a team to support it,” Triant added. “With leaders in varying
verticals applying themselves across multiple brands, we’re not surprised to
see the increased second-quarter sales figures.”
This multitiered strategy also drove the company’s recent
acquisition of Infusionz LLC. This subsidiary offers online retail sales of
cannabidiol (CBD), hemp oil, health and wellness-related products, and
direct-to-retail wholesale products. These products include CBD-based
tinctures, vapes, soft gels, traditional vitamins, supplements and more.
DVLP achieved fully reporting status through its filing of a
Form 10 Registration Statement with the SEC, effective July 1. The filing
ensures continued transparency with current and future investors. DVLP will
file all detailed and audited financial statements, reports, policies and
potential risk factors. It will also file a full 10K annual report for the year
ended December 31, 2019 (http://ibn.fm/mWFbR).
For more information, visit the company’s website at www.GoldenDeveloping.com
NOTE TO INVESTORS: The latest news and updates
relating to DVLP are available in the company’s newsroom at http://ibn.fm/DVLP
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