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Posted On: 01/24/2019 5:06:14 PM
Post# of 77
NetworkNewsBreaks – Golden Developing Solutions, Inc. (DVLP) CEO Issues Letter to Shareholders, Announces Vertical Expansion
Emerging leader in the cannabis, hemp, and cannabidiol (“CBD”) marketplace Golden Developing Solutions (OTC: DVLP) this morning issued a letter to shareholders from CEO Stavros Triant. According to the update, springing from its success in acquisition of the Where’s Weed platform and subsequent growth, the company is expanding vertically into CBD extraction and production. DVLP has selected a site, located in Colorado, and is in active negotiations with equipment suppliers. The company estimates that, at full capacity, revenue would be in the range of $25 to $35 million. “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,” Golden Developing Solutions CEO Stavros Triant states in the letter to shareholders. “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.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Emerging leader in the cannabis, hemp, and cannabidiol (“CBD”) marketplace Golden Developing Solutions (OTC: DVLP) this morning issued a letter to shareholders from CEO Stavros Triant. According to the update, springing from its success in acquisition of the Where’s Weed platform and subsequent growth, the company is expanding vertically into CBD extraction and production. DVLP has selected a site, located in Colorado, and is in active negotiations with equipment suppliers. The company estimates that, at full capacity, revenue would be in the range of $25 to $35 million. “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,” Golden Developing Solutions CEO Stavros Triant states in the letter to shareholders. “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.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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