CBD of Denver Inc. Reports First Quarter 2021 Revenue of USD $7.3 Million
Denver, Colorado--(Newsfile Corp. - April 8, 2021) - CBD of Denver, Inc. (OTC Pink: CBDD), a full-line CBD and hemp oil company and a producer and distributor of cannabis and CBD products in Switzerland, Europe, and the US, reported its financial results for the first quarter ended March 31, 2021.
CBDD generated revenue of USD $7.31 million in the first quarter, nearly 50% of its full year 2020 revenue of $16 million, demonstrating continued strong quarterly growth despite the fact there is still a full or at least partial lockdown for Switzerland and most of the European countries.
"This is a tremendous job done by our Managing Director of Sales, Pascal Siegenthaler, together with his sales team, achieving great results in such a difficult time," said CEO Marcel Gamma. "We continued to generate substantial top-line and bottom-line growth in the first quarter while making the necessary capital investments to further develop our retail and direct-to-consumer businesses, expand our client base, and increase distribution of our products."
Rockflowr Exchange added two new account managers to its sales team in the first quarter that are exclusively focused on expanding the Company's client base in Europe.
Siegenthaler added, "One of our key targets in 2021 is to further strengthen the market penetration of Rockflowr, and we are continuing to take clear actions to achieve our targets as we execute on our B2B strategy. Based on our first quarter successes, we are well on the way."
CBD of Denver, Inc., Rockflowr GmbH and Swiss Industry Ventures AG are now also on LinkedIn.
About CBD of Denver, Inc.
CBD of Denver, Inc. (OTC Pink: CBDD) a full-line CBD and Hemp oil company ("CBDD") and a producer and distributor of Cannabis and CBD products in Switzerland, Europe and the US. CBDD is focused on using equity to acquire profitable Swiss assets at attractive valuations to create value for all our shareholders driven by a passion to improve lives and strengthen communities by unleashing the full potential of cannabis.
Through our brand Rockflowr and BlackPearlCBD we reach our consumers and have built up a strong customer base by focusing on top quality products and meaningful customer relationships.
Black Pearl CBD has 0% THC, but is not an Isolate where the THC is stripped from the product rendering it ineffective. We use a proprietary technique adding terpenes as the activation ingredient, resulting in a product that is the finest in the industry and only available at www.cbdofdenver.com.
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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