Golden Developing Solutions (OTCMKTS: DVLP), an emerging leader in the Cannabis and CBD marketplace, today announced that it is in formal negotiations to acquire a premier CBD oil company. Although DVLP is unable to release the name of its acquisition target at this time, it noted that the target is a quickly growing, fully-commercial entity that presently produces annualized monthly sales of more than $5 million for its CBD and CDB Products. “The CBD marketplace is experiencing scaling growth that represents a truly historic boom of epic proportions. And experts only expect growth to accelerate over coming years. While we are only in the negotiation stage of this acquisition opportunity, if we can nail down terms and complete this deal, we feel it has the potential to position the Company as a powerhouse player in that boom. And we look forward to updating shareholders as soon as possible as the process unfolds,” Golden Developing Solutions CEO Stavros Triant stated 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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