CBD of Denver Comments on Proposed Portuguese Bill as Adult Use Legislation Gains Momentum Across Europe

Denver, Colorado--(Newsfile Corp. - June 21, 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, comments on proposed adult use cannabis legislation introduced in the Portuguese Parliament by the Left Bloc and Liberal Initiative parties on June 9, 2021.

"We welcome this highly positive development in Portugal, a key European market where we already have established relationships with partners and clients," commented Marcel Gamma, CEO of CBD of Denver. "Portugal is now the third country within Europe to formally debate and potentially implement adult-use legislation, confirming the momentum we are seeing on the ground. We look forward to the Portuguese Parliament moving forward on this issue and believe we will see a solid boost to our existing business there. Ultimately, this could become a tipping point for the entire region, an event we are well positioned to capitalize on."

The Parliament of Portugal is contemplating two bills, each of which propose that the cultivation, distribution, purchasing, possession, and consumption of adult-use cannabis (plant or derivatives) should be legalized.

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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.

Contacts:
Investor Relations
investors@cbdofdenver.com

Marcel Gamma
marcel@cbdofdenver.com

Todd McKnight
RedChip Companies
1-800-733-2447
todd@redchip.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/88125