CBD of Denver Further Expands Wholesale Business with New 300kg Monthly Production Partnership
Denver, Colorado--(Newsfile Corp. - June 14, 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, is pleased to announce it signed a contract with a large indoor Swiss producer of premium CBD flowers. Under the terms of the agreement, CBDD has full access to the producer's entire production volume of 300 kilograms (kg) per month.
"This is another important step to securing our supply chain for top quality CBD," states CEO Marcel Gamma. "Top quality CBD is heavily request by our clients, and at current prices, this deal is worth around US$550,000 every month. With the right of first refusal for the producer's production, we are able to significantly lower our supply chain risk as we execute on our plans to scale operations across Europe."
Over the next five years, the global CBD industry is projected to accelerate to $23.6 billion, according to Grand View Analysis, and the European CBD market is set to rise by 400 percent.
"Our growing list of premier partnerships enables us to serve our clients more efficiently," added Pascal Siegenthaler, Managing Director Sales. "The addition of 300kg of production access further supports the improvement of our wholesale experience ensuring we have the right product for the right customers, which I believe will ultimately help us achieve our goal of driving long-term revenue growth."
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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