- 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://cnw.fm/Vx4We).
“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://cnw.fm/1cT4M) 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://cnw.fm/DZM9c).
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://cnw.fm/DVLP
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