CBD of Denver Inc. Anticipates Accelerated Growth of Berlin R13 Anti Slip Due to Improved German Regulation, Investor Call for Luxora, Additional Corporate Actions

Rhea-AI Summary

CBD of Denver experiences record growth in its Anti Slip business due to improved regulatory environment.

Positive

• The repeal of the regulation in Germany expands the number of facilities that can accept and pay for the installation of the Berlin R13 anti-slip product.
• The Company plans to add trained installation teams for a nationwide roll out of the Berlin R13 Anti-Slip product.
• The Company charges between 2,000 and 4,000 Euros per installation.
• The Luxora division of CBD of Denver will be scheduling a conference call on October 26th, 2023 at 6pm CET (12 noon EST) to discuss the Company's vision for opportunities in the German market.
• The company will outline its goals and initiatives for 2024 and beyond on the call.
• CBD of Denver is reviewing additional products to put through its distribution portals.
• The Company is hiring additional social media consultants to build brand awareness and expand direct-to-consumer sales.
• CBD of Denver will provide educational and informative content on the evolving German regulatory environment.

Negative

• None.

Denver, Colorado--(Newsfile Corp. - October 20, 2023) - CBD of Denver, Inc. (OTC Pink: CBDD), is pleased to announce that the Company is experiencing record growth in its Anti Slip business due to an improved regulatory environment. The company has completed 26 new installations with a back log of 88 that are to be installed.

The Bundestag, the German parliament, repealed Section 113a of German Social Code Book XI, which regulated certain standards covering "Maintenance and Promotion of Mobility." The repeal of the regulation removed the restriction that care contracts could only be concluded with facilities that complied with expert standards promulgated under the provision. The elimination of the provision expands the number of facilities that can accept and pay for the installation of the Berlin R13 anti-slip product.

The Company is expanding its installation teams with another Berlin installation crew as well as beginning to train other installation teams. Currently the Company only operates in the Berlin area, however with the change German regulation it will be the Company's goal to add trained installation teams for a nationwide roll out of the Berlin R13 Anti-Slip product. The Company charges between 2,000 and 4,000 Euros per installation.

"We are pleased with the new regulatory environment and plan to capitalize on this opportunity" states Axel Reinke CEO of CBD of Denver.

"The Magic Lappen continues to expand within the Edeka Germany footprint by expanding into 2 new regions as the individual stores are requested the product." Reinke continued. "The Company due to its relationship with Edeka is exploring new packaging possibilities based on customer and Edeka engagement."

The Luxora division of CBD of Denver will be scheduling conference call on October 26th, 2023 at 6pm CET (12 noon EST) with the senior management team to expand on the Company's vision for opportunities in the German market. On the call the Company will outline each of senior manager's role and duties during and expand on the different vertical business that the Company is working in. The Company will also layout its goals and initiatives for 2024 and beyond. Additionally, the company will highlight some of the social media initiatives that it will be implementing during Q4.

"I am very pleased with the progress Luxora has made and look forward to expanding on our goals during the upcoming call" states Jan Schwager.

CBD of Denver strives to provide that most up-to-date information available to the public, our customers, our employees, and our investors and shareholders.

Additional updates from CBD of Denver

1. We are reviewing additional products to put through our distribution portals, focusing on products that have already had success in North America.
2. We have has hired and are in discussions with additional social media consultants to put together a focused and detailed plan for building brand awareness and expanding direct to consumer sales on all verticals within CBDD.
3. As part of the Company's social media initiative, we will provide educational and informative content dealing the evolving German regulatory environment.

Please visit our websites and ask any questions not answered on our websites and public disclosure.

About CBD of Denver, Inc. (BERLINER INNOVATION)

CBD of Denver, Inc. is focused on acquiring profitable assets at attractive valuations to create value for shareholders. The company's team is dedicated to sourcing high-margin, innovative products that align with its values. The Company is offering a number of innovative consumer products through Libra 9 GmbH, such as the Magic Lappen and the BerlinR13 Anti-Slip solution.

Follow Magic Lappen on Twitter, Instagram, Facebook and TikTok for more information and updates.

Follow The Magic Lappen on Instagram: @themagiclappen

Shop on our website: https://www.the-magic-lappen.com/

Visit the CBDD/ Berliner Innovation: www.berlinerinnovation.de

See our innovative Anti-Slip product: www.berlinr13.de

For questions, please contact us at: investors@libra9.de

About LUXORA LLC

LUXORA LLC is a trailblazing entity in the European cannabis industry, with offices spanning the USA and Europe. Our core expertise revolves around unlocking the potential of the legalized cannabis market, offering Plug & Play solutions tailored to the dynamic needs of this rapidly expanding sector. With a profound understanding of the opportunities and challenges brought forth by legalization, our experienced team is dedicated to pioneering the future of the legal cannabis market in Europe. Our offerings range from consulting and market research to product development and distribution solutions, aimed at simplifying the path to legalization for our esteemed clients.

For inquiries, please contact Investor Relations: investors@luxora-holding.com

For more information, please visit: www.luxora-holding.com

Follow Us: Twitter | Instagram.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/184645

FAQ

What is the reason for CBD of Denver's record growth in its Anti Slip business?

CBD of Denver is experiencing record growth in its Anti Slip business due to an improved regulatory environment.

What is the impact of the repeal of the regulation in Germany?

The repeal of the regulation in Germany expands the number of facilities that can accept and pay for the installation of the Berlin R13 anti-slip product.

What is the price range for CBD of Denver's installations?

The Company charges between 2,000 and 4,000 Euros per installation.

What are the upcoming plans for CBD of Denver in the German market?

The Luxora division of CBD of Denver will be scheduling a conference call on October 26th, 2023 at 6pm CET (12 noon EST) to discuss the Company's vision for opportunities in the German market.

What other initiatives is CBD of Denver working on?

CBD of Denver is reviewing additional products to put through its distribution portals and hiring additional social media consultants to build brand awareness and expand direct-to-consumer sales.

What content will CBD of Denver provide regarding the German regulatory environment?

CBD of Denver will provide educational and informative content on the evolving German regulatory environment.