CBD of Denver Inc. News Releases

CBD of Denver Expands Into the Tech Sector with Strategic LOI Signing

Thu, 03 Apr 2025 10:44:00 -0400

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,...

CBD of Denver Achieves 26% Revenue Growth and Returns to Positive Operating Income in 2024

Mon, 31 Mar 2025 10:39:00 -0400

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,...

CBD of Denver Reflects on 2024 and Announces Withdrawal from German Market Amid Political Uncertainty

Tue, 25 Feb 2025 05:05:00 -0500

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...

CBD of Denver Announces Q3 Revenue and Updates on Spinoff and German Market

Sun, 10 Nov 2024 10:32:00 -0500

Q3 Financial Performance 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,...

CBD of Denver, Inc. Reports Financial Results for the Three and Six Months Ended June 30, 2024

Fri, 30 Aug 2024 05:37:00 -0400

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...

CBD of Denver Announces Q2 Revenue and Provides Update on German Market

Mon, 05 Aug 2024 02:34:00 -0400

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...

CBD of Denver Announces June Revenue and Successful Exhibition at Mary Jane Trade Fair in Berlin

Mon, 01 Jul 2024 04:30:00 -0400

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 globe, the...

CBD of Denver Inc. Announces Strong April and May Sales

Thu, 06 Jun 2024 05:06:00 -0400

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 based...

CBD of Denver Inc. Announces Filing of Q1 Quarterly Disclosure and Financials

Thu, 09 May 2024 06:22:00 -0400

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 for...

CBD of Denver Inc. Announces Annual Disclosure and Filing of Financial Statements

Thu, 02 May 2024 08:26:00 -0400

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...