CBD of Denver Expands Into the Tech Sector with Strategic LOI Signing
Denver, Colorado--(Newsfile Corp. - April 3, 2025) - CBD of Denver, Inc. (OTC Pink: CBDD), a diversified holding company focused on innovative growth opportunities, today announced the signing of a letter of intent with Alchemy Games Co. Ltd, a leading technology company specializing in blockchain-based solutions. This strategic move reinforces CBD of Denver's commitment to expanding into the high-growth tech sector, leveraging cutting-edge advancements in digital finance, payment processing,...
2025-04-03 10:44 AM EDT
CBD of Denver Achieves 26% Revenue Growth and Returns to Positive Operating Income in 2024
Denver, Colorado--(Newsfile Corp. - March 31, 2025) - CBD of Denver, Inc. (OTC Pink: CBDD), a diversified holding company, today announced key financial highlights for the fiscal year ended December 31, 2024, demonstrating strong revenue growth and a return to positive operating income.2024 Highlights:Revenue grew to $3.75 million, a 26% increase compared to $2.98 million in 2023, driven by consistent performance from the Company's wholesale CBD division.Operating income turned positive,...
2025-03-31 10:39 AM EDT
CBD of Denver Reflects on 2024 and Announces Withdrawal from German Market Amid Political Uncertainty
Denver, Colorado--(Newsfile Corp. - February 25, 2025) - CBD of Denver, Inc. (OTC Pink: CBDD) today announced that it is shifting its focus and will no longer seek to provide services to the German cannabis market due to the complexities of navigating political uncertainties and the German government's failure to provide guidance on acceptable business models.The German cannabis market, once a focal point of CBD of Denver's strategy, has proven to be untenable due to regulatory and political...
2025-02-25 5:05 AM EST
CBD of Denver Announces Q3 Revenue and Updates on Spinoff and German Market
Denver, Colorado--(Newsfile Corp. - November 10, 2024) - CBD of Denver (OTC Pink: CBDD) is pleased to report estimated third quarter 2024 revenue of $763,450.00 compared to an estimated $677,893.00 for the same period in 2023.German Market Update More than nine months have passed since the Cannabis Act (CannG) came into effect in Germany on April 1, 2024. The law aimed to curb the cannabis black market and provide adults with widespread access to unadulterated, high-quality cannabis. However,...
2024-11-10 10:32 AM EST
CBD of Denver, Inc. Reports Financial Results for the Three and Six Months Ended June 30, 2024
Denver, Colorado--(Newsfile Corp. - August 30, 2024) - CBD of Denver, Inc. (OTC Pink: CBDD) today announced its unaudited financial results for the three and six months ended June 30, 2024. The Company continues to navigate challenging market conditions while maintaining a focus on operational efficiency and long-term growth.Financial Highlights:For the Three Months Ended June 30, 2024:Revenue: The Company reported revenue of $1,002,240, a 37.4% increase from $729,453 in the same period in...
2024-08-30 5:37 AM EDT
CBD of Denver Announces Q2 Revenue and Provides Update on German Market
Denver, Colorado--(Newsfile Corp. - August 5, 2024) - CBD of Denver, Inc. (OTC Pink: CBDD) today announced that revenue for Q2 2024 is estimated to be approximately $1,030,000 compared to $720,000 for Q2 2023. Revenue from Libra 9 is not included, as the Company continues the process of unwinding the transaction. The German market is evolving as all federal states are progressing with their individual application and licensing programs for Cannabis Clubs. Luxora is in ongoing discussions to...
2024-08-05 2:34 AM EDT
CBD of Denver Announces June Revenue and Successful Exhibition at Mary Jane Trade Fair in Berlin
Denver, Colorado--(Newsfile Corp. - July 1, 2024) - CBD of Denver, Inc. (OTC Pink: CBDD) today announced that revenue for June 2024 is estimated to be approximately $300,000 with the Company completing a successful exhibition at the Mary Jane trade fair in Berlin, which took place from June 14-16. The Mary Jane Berlin trade fair attracted over 40,000 visitors this year making it one of the largest cannabis exhibitions in the world. Featuring more than 300 exhibitors from around the...
2024-07-01 4:30 AM EDT
CBD of Denver Inc. Announces Strong April and May Sales
Denver, Colorado--(Newsfile Corp. - June 6, 2024) - CBD of Denver, Inc. (OTC Pink: CBDD) today announced strong April revenue of approximately $490,000.00 USD, with approximately $420,000.00 USD coming from Luxora and approximately $70,000.00 USD coming from Libra 9. May revenue continues with approximately $359,500.00 USD from Luxora.The company has decided to unwind the acquisition of Libra 9 GmbH. In early 2023, CBD of Denver Inc. had moved forward with the acquisition of Libra 9 GmbH...
2024-06-06 5:06 AM EDT
CBD of Denver Inc. Announces Filing of Q1 Quarterly Disclosure and Financials
Denver, Colorado--(Newsfile Corp. - May 9, 2024) - CBD of Denver, Inc. (OTC Pink: CBDD) is pleased to announce the filing of its financial results for the quarter ended March 31, 2024. The Company successfully filed its quarterly report ahead of the May 15th regulatory deadline, demonstrating the efficacy of enhanced workflows and collaboration between its accounting partner in Switzerland and U.S.-based legal counsel.The company recorded a significant increase in revenue, posting $1,123,322...
2024-05-09 6:22 AM EDT
CBD of Denver Inc. Announces Annual Disclosure and Filing of Financial Statements
Denver, Colorado--(Newsfile Corp. - May 2, 2024) - CBD of Denver, Inc. (OTC Pink: CBDD) has filed its financial results for the year ended December 31, 2023. The results highlight significant financial improvements and strategic achievements. Financial Highlights:Total Current Assets increased to $117,218 in 2023, up from $28,043 in 2022, marking significant progress in strengthening the company's balance sheet.Gross Profit for 2023 was $595,417, a significant recovery from a gross loss of...
2024-05-02 8:26 AM EDT
CBD of Denver Inc. Announces New Advisory Board Member for Luxora
Denver, Colorado--(Newsfile Corp. - April 12, 2024) - CBD of Denver, Inc. (OTC Pink: CBDD) today announced that John Barnet will be joining Luxora, Inc. as advisory board member.Luxora is delighted to announce the addition of John, a distinguished figure in the legal cannabis sector, to its Advisory Board. With an extensive background that encompasses innovative cultivation practices within the Canadian market, John's expertise spans the development of mass-scale cannabis cultivation...
2024-04-12 5:41 AM EDT
CBD of Denver Inc. Reports Q1 Revenue
Denver, Colorado--(Newsfile Corp. - April 9, 2024) - CBD of Denver, Inc. (OTC Pink: CBDD) today announced that its revenue for the first quarter of 2024 was approximately $1,116,300.00 USD. Of this, Libra 9 GmbH contributed approximately $175,600.00 USD, while Luxora was responsible for approximately $940,700.00 USD. This represents a revenue growth of close to 300 percent compared to Q1 2023, which reported revenue of $285,000.00 USD. Luxora's management team, from two continents and four...
2024-04-09 6:28 AM EDT
CBD of Denver Inc. Reports January Revenue, Progress on Legislation in Germany and Business Highlights
Denver, Colorado--(Newsfile Corp. - February 12, 2024) - CBD of Denver, Inc. (OTC Pink: CBDD), today announced revenue for January 2024 was approximately $350,000.00 USD, with Libra 9 GmbH generating approximately $50,000.00 USD in revenue and Luxora generating approximately $300,000.00 USD.Last week, the leaders of Germany's coalition government publicly announced that they reached a final agreement on a bill to legalize cannabis, setting the stage for a vote in the final week of February...
2024-02-12 5:49 AM EST
CBD of Denver Inc. Announces Continued Growth for Q4, Reflecting on Building a Successful Year
Denver, Colorado--(Newsfile Corp. - December 28, 2023) - CBD of Denver, Inc. (OTC Pink: CBDD), reports a strong fourth quarter, with revenues reaching approximately $1,310,000 with a split of approximately $1,134,000 for Luxora and approximately $176,000 for Libra 9. "Despite a challenging economic environment, the increase in revenue confirms that our strategies are driving growth across both verticals. With a current order backlog of approximately $150,000 for the Anti-Slip product line, we...
2023-12-28 7:26 AM EST
CBD of Denver Announces Launch of Luxora Real Estate
Denver, Colorado--(Newsfile Corp. - December 4, 2023) - CBD of Denver, Inc. (OTC Pink: CBDD), is excited to announce the launch of Luxora Real Estate AG in Switzerland. In 2024, this venture aims to raise 10 million CHF for the acquisition of commercial real estate properties in Germany. Luxora Holding AG will retain a 51% stake in this new enterprise, while the remaining 49% will be used to raise capital from investors to purchase the real estate, ensuring that CBDD's...
2023-12-04 7:42 AM EST
CBD of Denver Inc. Announces Sustained Growth for Luxora, a New Supply Agreement with a Swiss Wholesaler, and the Signing of Additional Letters of Intent
Denver, Colorado--(Newsfile Corp. - November 29, 2023) - CBD of Denver, Inc. (OTC Pink: CBDD), is announcing robust revenue growth for Luxora. In October, the company achieved revenue of approximately $320,000, followed by nearly $285,000 in November. "We're pleased with this consistent upward trend, which is a direct result of the dedicated efforts of our Swiss wholesale division," states Jan Schwager, CEO at Luxora. "This success is a testament to our exceptional team and our ability to...
2023-11-29 10:43 AM EST
CBD of Denver Inc. Announces Teleshopping Partnership and Filing of Q3
Denver, Colorado--(Newsfile Corp. - November 21, 2023) - CBD of Denver, Inc. (OTC Pink: CBDD), today announced that Magic Lappen is set to expand beyond brick and mortar stores to teleshopping as Libra 9 GmbH signed a new partnership with Channel 21 (formerly RTL Shop), the third largest teleshopping channel in Germany. "We are pleased to announce a partnership between Libra 9 GmbH and Channel 21, one of Germany's leading teleshopping broadcasters. This partnership marks a significant step...
2023-11-21 5:12 AM EST
CBD of Denver Inc. Announces Major Retail Expansion with EDEKA, Introduces Innovative Anti-Slip Installation
Denver, Colorado--(Newsfile Corp. - November 15, 2023) - CBD of Denver, Inc. (OTC Pink: CBDD), today announced that EDEKA's Southwest Consortium, covering Baden-Württemberg, Rhineland-Palatinate, Saarland, and parts of Hesse and Bavaria, has approached Libra 9 with the offer to sign up for a second listing for the Magic Lappen."This new listing with EDEKA Southwest, a leading entity in the EDEKA national group with a 2022 turnover of 10.3 billion euros, is thrilling for us. Upon completion...
2023-11-15 4:58 AM EST
CBD of Denver Inc. Announces Significant Advancements in European Operations by Luxora Team
Denver, Colorado--(Newsfile Corp. - November 7, 2023) - Last week, the CBD of Denver, Inc.'s (OTC Pink: CBDD), Luxora team gathered in Zürich, Switzerland, for a pivotal management meeting, focusing on the expansion of Luxora's revenue streams:"Last week's comprehensive meeting in Switzerland proved to be extremely productive as we gear up for the finalization of the new cannabis legislation in Germany. The team is working tirelessly, with all efforts focused on this objective. We're...
2023-11-07 6:58 AM EST
CBD of Denver Inc. Announces Q3 Results, Update on Anti-Slip, Expansion of Magic Lappen, Luxora Investor Call and Update Additional Corporate Actions
Denver, Colorado--(Newsfile Corp. - November 3, 2023) - CBD of Denver, Inc. (OTC Pink: CBDD), is pleased to announce that the Company had revenue in Q3 of approximately $728,000, including approximately $512,000 from Luxora and $216,000 from Berliner, showcasing a significant increase from the $26,907 in revenue during Q3 of 2022. The company is very pleased with this quarter as this is one of the more difficult quarters in Europe due to holidays during most of July and August. As...
2023-11-03 5:57 AM EDT