Business
DVLP Files Fully Audited Financials with SEC, Readies Uplist to OCTQB Following Record Sales Growth
DVLP Files Fully Audited Financials with SEC, Readies Uplist to OCTQB Following Record Sales Growth.
About this update from Golden Developing Solutions, Inc.
[{"type":"text","content":"\nDENVER, May 02, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Golden Developing Solutions, Inc. (OTCMKTS: DVLP) (“DVLP” or the “Company”), an emerging leader in the Cannabis, Hemp, and CBD marketplace, is proud to announce that it has now obtained fully-audited fully-reporting status with the SEC following the filing of audited financial data along with Form 10. In addition, the Company is in the process of uplisting shares from the Pink Sheets onto the OTCQB “Venture Market” tier.\n DVLP CEO Stavros Triant commented, “These steps represent a statement about trust, confidence, and transparency. We are demonstrating our commitment to the heightened financial and corporate disclosure standards associated with the higher tier listing. That is crucial right now because we are seeing extraordinary growth so far in 2019, both organically and through the integration of new products and our recent acquisition in the CBD space.” The Company began generating revenues in 2018, reporting $265K in total sales for the year. Management notes that 2019 is already vastly outpacing those results, with March 2019 sales alone more than doubling all of 2018 sales (when including sales from recently acquired Infusionz, LLC), representing an 800% monthly year-over-year revenue growth rate. Management also notes that the dramatic growth context now characterizing the cannabis, hemp, and CBD industries has paved the way for a crowd of companies to make unsubstantiated claims about significant participation in these markets. This highlights the importance for DVLP to set itself apart in terms of credibility and transparency as it continues to post robust and accelerating growth in all segments. Mr. Triant continued, “We are now ahead of our ambitious projections for the year. And the establishment of fully-reporting fully-audited financial status and a migration up onto the OTCQB exchange will provide better access to institutional investors, a broader shareholder base, and greater credibility with our partners, clients, stakeholders, and customers, as well as with the wider investment community.” 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 al...