- In March 2019, DVLP reported an 800 percent year-over-year increase in monthly revenue
- DVLP’s growth strategy includes key acquisitions, such as that of Infusionz LLC, a manufacturer of CBD products
- DVLP’s Form 10 Registration Statement, filed with the SEC, became effective July 1
Golden Developing Solutions Inc. (OTC: DVLP) is showing exponential growth with its multitiered strategy working in the CBD, hemp and cannabis spaces. The strategy includes a diverse focus on online product sales, acquisitions, manufacturing, product branding and plans for the development of a 25,000-square-foot production facility in Denver, Colorado (http://cnw.fm/cK9MG).
DVLP has developed a multifaceted strategy to become a top competitor in the industry. Its plan synthesizes key acquisitions, diverse brands and products, and an increase in production capability in order to meet the growing industry demand for quality cannabis products that has yet to be met.
This strategy also led to the company’s recent acquisition of Infusionz LLC. “Our CBD Infusionz segment is bursting at the seams right now,” DVLP CEO Stavros Triant stated in a news release (http://cnw.fm/1cT4M). “Demand already vastly outstrips supply capacity. This new facility directly addresses that issue and should provide the necessary room for the explosive growth that we anticipated when we made that acquisition in March.”
Another important milestone for DVLP was reaching fully reporting status with the SEC, effective July 1. “This… has been groundbreaking for our company, as we’re finally able to announce that our Form 10 Registration Statement is effective,” Triant noted in a release. “We’re now a fully reporting company to the SEC.” DVLP’s Form 10 registration statement ensures continued transparency with current and future potential investors (http://cnw.fm/tDqy6).
The company is developing a 25,000-square-foot facility in Denver, Colorado, which will serve as the primary production base for Infusionz LLC. DVLP finalized a 54-month, initial-term lease for the facility, and move in has begun, with full-scale production expected within weeks. DVLP projects a significant increase in production capacity once the facility is up and running.
The effectiveness of DVLP’s diverse strategy is evident. From March 2018 to March 2019, Golden Developing Solutions saw an 800 percent jump in performance, with additional growth announced in May (http://cnw.fm/eHT1f). “We are seeing tremendous validation on a strategic level,” added Triant. “The move to expand our exposure to the CBD space was very well-timed and is already beginning to pay off. The numbers for March bear that out unmistakably.”
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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