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CBD OF DENVER INC - $CBDD STOCK NEWS

Welcome to our dedicated page for CBD OF DENVER news (Ticker: $CBDD), a resource for investors and traders seeking the latest updates and insights on CBD OF DENVER stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect CBD OF DENVER's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of CBD OF DENVER's position in the market.

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CBD of Denver, Inc. (CBDD) announced the filing of its financial results for 2023, showcasing significant improvements in total current assets, gross profit, and net income. The company's strategic efforts to enhance operational efficiency and cost management have led to positive financial outcomes. Accounts payable also decreased notably, reflecting the company's commitment to financial stability.

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CBD of Denver, Inc. (CBDD) announces John Barnet joining Luxora, Inc. as advisory board member. John, a cannabis industry veteran, brings expertise in large-scale cultivation practices. Luxora excited about John's role in advising on facility design, process definition, and tailored fertigation formulas for Luxora Solutions in Germany.
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CBD of Denver, Inc. (CBDD) reports a revenue of $1,116,300.00 USD in Q1 2024, with significant growth compared to Q1 2023. Luxora and Libra 9 GmbH contribute substantially to the revenue. Luxora is focusing on strategic initiatives for the German market, including leasing facilities to cannabis clubs. Stefan Röhrl, Luxora's CSO, will participate in a panel at the International Cannabis Business Conference in Berlin.
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CBD of Denver, Inc. (CBDD) announces January 2024 revenue of $350,000, with significant contributions from subsidiaries Libra 9 GmbH and Luxora. Germany's potential cannabis legalization boosts market sentiment.
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CBD of Denver, Inc. (OTC Pink: CBDD) reports a strong fourth quarter with revenues reaching approximately $1,310,000. Luxora contributed approximately $1,134,000, and Libra 9 contributed approximately $176,000. The company attributes its growth to partnerships, trade shows, and new initiatives. Luxora's efforts in the European CBD wholesale market and HolistiCH GmbH's expansion are contributing to growth. The Anti-Slip division is seeing increased demand due to a novel door cut-out method and favorable regulatory changes. CBDD's management team will meet in Berlin to initiate the expansion of the Anti-Slip division, involving onboarding new installation and sales teams and beginning the rollout of Anti-Slip solutions in additional German metropolitan areas.
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CBD of Denver, Inc. (CBDD) announces the launch of Luxora Real Estate AG in Switzerland, aiming to raise 10 million CHF for the acquisition of commercial real estate properties in Germany. Luxora Holding AG will retain a 51% stake, while the remaining 49% will be used to raise capital from investors. Luxora Real Estate plans to acquire commercial properties and transform them into Indoor-Farming facilities for lease to the cannabis club scene in Germany.
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CBD of Denver, Inc. (CBDD) reports robust revenue growth for Luxora, achieving approximately $320,000 in October and nearly $285,000 in November. The company signed a new agreement with a Swiss wholesale firm to provide clones of a popular CBD variety to an Austrian producer, securing up to 150 kg per month of the resulting harvest. Additionally, Luxora secured Letters of Intent with Hanf im Glück and Thank You Jane, expanding its presence in the German market.
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CBD of Denver, Inc. (CBDD) partners with Channel 21 to introduce Magic Lappen teleshopping in Germany. Q3 sales reach $677,893, a significant increase from $26,907 last year.
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CBD of Denver, Inc. (OTC Pink: CBDD) announces a second listing for the Magic Lappen with EDEKA's Southwest Consortium, introducing the product to 1,130 EDEKA stores in Germany's southwest region. The company also reveals an innovative technique to transform existing bathtubs into barrier-free Anti-Slip showers, aiming to streamline installation and reduce costs. Additionally, the company expects to file its 3rd quarter financials and disclosure statement by November 20, 2023, within the extended filing period.
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Last week, Luxora, a key player in the CBD industry, gathered in Zürich, Switzerland, for a pivotal management meeting focused on expanding revenue streams. Luxora reported a strong third quarter with revenues of approximately $512,000, and expects October revenue to exceed $320,000. The company is also awaiting the finalization of new cannabis legislation in Germany and is actively developing an e-commerce site to market its 240 strains in various European countries. Luxora Solutions in Germany is anticipating the final debate on changes to the country's cannabis laws, expected to lay down the framework for initiating Cannabis Clubs.
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CBD OF DENVER INC

OTC:CBDD

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9.57M
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United States of America
Centennial