DVLP POSTS RECORD Q2 SALES AT $1,965,641
DENVER, July 17, 2019 Golden Developing Solutions, Inc. (OTCMKTS: DVLP) (DVLP or the Company), an emerging leader in the Cannabis, Hemp and CBD marketplaces, has received strong financial results for its second quarter ended June 30, 2019.
The Company announced preliminary second quarter sales of $1,965,641 the greatest amount in sales to date. The Company is pleased with the results as both its operational entity and subsidiaries continue to experience consistent growth.
According to the most recent ArcView Market Research report, the cannabis and CBD industries experienced significant growth in the first half of 2019 and its exciting that our second quarterly results reflect a similar growth trajectory. We believe our diverse ecosystem of product and service offerings is creating a community of consumers and businesses. Its also successfully fulfilling needs across multiple channels of the cannabis and cannabis related industries that werent previously available or developed, said DVLPs CEO, Stavros Triant.
In the second quarter, additional sales and a boost in manufacturing capacity at its current facilities have directly increased revenue for the Company. On June 3, the Company secured a new 25,000 sq ft facility that will help the company exponentially amplify manufacturing capacities in the future.
Triant noted, Weve built a technical foundation and now were working to solidify a team to support it. With leaders in varying verticals applying themselves across multiple brands, were not surprised to see the increase second quarterly sales figures.
About Golden Developing Solutions, Inc.
Golden Developing Solutions (DVLP) is publicly traded company operating several fully-owned ancillary technology, CBD and Cannabis businesses. Through the website WheresWeed (wheresweed.com) and WheresCBD (wherescbd.com) the Company is building a strong tech and marketing foundation to support community, brand image and distribution channels. The Companys subsidiary, CBD Infusionz, is an online retail business for cannabidiol (CBD), hemp oil, health/wellness-related products, as well as wholesale products direct to retail. The high-quality, competitively priced products include traditional vitamins, supplements, CBD-based tinctures, vapes and soft gels and much more. The Company is also developing a high-capacity, high-quality CBD extraction and production facility.
Golden Developing Solutions is a development-stage company providing business services and/or products supporting the cannabis industry, in which the Company intends to make acquisitions in the near future. Currently, 11 states plus the District of Columbia have passed laws permitting their citizens to purchase and consume recreational cannabis, while 33 states plus the District of Columbia have approved medical cannabis. Cannabis has shown encouraging signs as a treatment for various medical conditions and has become increasingly more acceptable to the public and society.
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