CBD of Denver Reports Record $23.5 Million Revenue in 2021
Company filed audited financial statements for fiscal year 2021 on April 15, 2022
Denver, Colorado--(Newsfile Corp. - April 21, 2022) - CBD of Denver, Inc. (OTC Pink: CBDD), a cultivator and distributor of CBD and cannabis flower and a manufacturer of CBD oil and unique CBD products sold in Switzerland and throughout Europe, is pleased to announce it filed audited financial statements for fiscal year 2021 on April 15, 2022 reporting a record $23.5 million in revenue and net income of $0.33 million.
"I want to thank our team for their hard work in helping us achieve record financial performance in 2021," said Paul Gurney. "Our audited financial statements for 2021 are now on file with OTC Markets, and we continue to diligently pursue our plans to become a fully reporting company with the U.S. Securities and Exchange Commission. We believe our increased transparency will play an important role in expanding our shareholder base as we execute on our strategy for accelerating growth in the quarters ahead."
"While our internal momentum continues to grow, the market itself is providing increasing tailwinds. Just this week, Swiss authorities greenlighted a recreational usage pilot in the city of Basel to begin over the summer. As this trend potentially spreads across Switzerland, and ultimately across Europe, CBD of Denver is ideally positioned to capitalize on the rapidly evolving opportunities," added Gurney. "I want to thank our shareholders for their continued support. I firmly believe we are on a great trajectory and look forward to reporting on our ongoing successes."
About CBD of Denver, Inc.
CBD of Denver, Inc. (OTC Pink: CBDD) a Distributor of CBD and Cannabis flower and a producer of a full line of CBD oil and unique products sold in Switzerland and throughout Europe. CBD of Denver, Inc. is focused on using equity to acquire profitable Swiss assets at attractive valuations to create value for all our shareholders and is driven by a passion to improve lives and strengthen communities by unleashing the full potential of cannabis. Through our Rockflowr brands we have built a very strong European customer base by focusing on top quality products and meaningful customer relationships.
Information contained herein includes forward-looking statements. These statements relate to future events or future financial performance, involving known and unknown risks and you should not place undue reliance on these statements. Any forward-looking statement reflects our current views with respect to future events. We assume no obligation publicly about update or revise these forward-looking statements for any reason.
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