Golden Developing Solutions Issues Letter to Shareholders
January 24 2019 - 9:16AM
InvestorsHub NewsWire
Golden Developing Solutions Issues
Letter to Shareholders
AUSTIN, TX -- January 24, 2019 -- InvestorsHub NewsWire -- Golden
Developing Solutions, Inc. (OTCMKTS: DVLP) (“DVLP” or the
“Company”), an emerging leader in the Cannabis, Hemp, and CBD
marketplace, issues the following letter to Shareholders from the
CEO:
Dear Valued Shareholder,
I would like to begin by thanking our committed shareholders for
your patience and support as we have navigated our transition over
the past year. The result is beginning to bear the fruits of that
labor in terms of monetization, but we wouldn’t have made it to
this promising point without you!
Today, I want to give some more details about this opportunity and
how we plan to act on it.
The prepotency of the situation should be obvious: because we have
established powerful access to a distribution footprint defined by
the organic growth of our marketing platform (Where’s Weed), we
have already done much of the work involved in monetizing the
production of a core consumable (CBD). In other words, going into
the production side is really just another way to cash in. We see
it as a basic responsibility to our shareholders to recognize and
act on such opportunities.
As such, we started to explore this possibility last quarter, and
finally decided to move on it this month: we will be establishing a
first-class CBD extraction and production facility. Our ultimate
goal is to establish a network of sites to cover regional
distribution zones.
The first site has been identified, and will be established in
Colorado.
We are already working closely with two different equipment
manufacturers, each of which has committed to working side-by-side
with us in a hands-on process as we outfit our facility over the
near term. Given the capacity of the extraction equipment we will
be installing, we estimate total plant capacity to process between
150-175k lbs of dry hemp flower per year at the facility.
As noted, this opportunity springs from what we can now see as one
of our most important strategic decisions over the past year: the
acquisition of the Where’s Weed platform. The move has been a
striking success. The Q4 revenue contribution from that platform
alone is showing 180% in year-over-year growth. And the curve is
accelerating.
Where’s Weed is a network. It grows through a traction process that
is bolstered in terms of its viability as it gains in terms of
nominal breadth. In other words, as any new partner is added, the
next partner gets that much easier to find. It’s a classic network
effect process. And it has provided us with the opportunity to
expand vertically because it includes privileged access to
partnered dispensaries as hubs.
So, the big news right now is that we are definitely expanding into
CBD extraction and production, a site has been selected in
Colorado, and negotiations with equipment suppliers are active and
progressing well. At full capacity revenue estimates would be in
the range of $25-35M.
We will update you as events progress from here.
Best Regards,
Stavros Triant,
CEO
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. The Company is also developing a
high-capacity, high-quality CBD extraction and production facility.
In addition, through the website of its joint venture partner, Pura
Vida Vitamins (www.PuraVidaVitamins.com), 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.
Forward-Looking Statements
This press release contains forward-looking statements. All
statements other than statements of historical facts included in
this press release are forward-looking statements. In some cases,
forward-looking statements can be identified by words such as
"believe," "expect," "anticipate," "plan," "potential," "continue"
or similar expressions. Such forward-looking statements include
risks and uncertainties, and there are important factors that could
cause actual results to differ materially from those expressed or
implied by such forward-looking statements. Investors are
encouraged to review the Company’s filings with the Securities and
Exchange Commission. Investors should not place any undue reliance
on forwardlooking statements since they involve known and unknown,
uncertainties and other factors which are, in some cases, beyond
the Company’s control which could, and likely will, materially
affect actual results, levels of activity, performance or
achievements. Any forward-looking statement reflects the Company’s
current views with respect to future events and is subject to these
and other risks, uncertainties and assumptions relating to
operations, results of operations, growth strategy and liquidity.
The Company assumes no obligation to publicly update or revise
these forward-looking statements for any reason, or to update the
reasons actual results could differ materially from those
anticipated in these forward-looking statements, even if new
information becomes available in the future. The contents of any
website referenced herein are not incorporated into this press
release.
Corporate Contact:
Stavros Triant
stavros@goldendeveloping.com
623-826-5206
Press & Media Inquiries:
EHC Branding Agency
Info@EHCBrandingAgency.Com
(626) MJ-BRAND
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