CBD OF DENVER, INC. (CBDD) Reports Revenue for First 45 Days of Q3

Rhea-AI Summary

CBD of Denver, Inc. (OTC: CBDD) reported approximately $1,410,000 USD in revenue for the first 45 days of Q3, with Rockflowr, GmbH contributing 87% of sales. CBD Welt 24 contributed 12%, with expectations for increased revenue due to new greenhouse projects. The company is hiring new personnel for digital improvements across its sites. CBDD aims to acquire profitable Swiss assets to enhance shareholder value and offers a superior full-spectrum CBD product with 0% THC using a proprietary technique. Forward-looking statements caution against undue reliance.

Positive

• Revenue of approximately $1,410,000 USD reported for the first 45 days of Q3.
• Rockflowr, GmbH accounted for 87% of total revenue, indicating strong sales performance.
• CBD Welt 24 is expected to increase revenue due to new greenhouse and indoor growing operations.
• Company's focus on acquiring profitable Swiss assets to enhance shareholder value.

Negative

• None.

DENVER, Aug. 25, 2020 /PRNewswire/ -- CBD of Denver, Inc. (OTC: CBDD), a full-line CBD and Hemp oil company ("CBDD") selling Black Pearl CBD hemp products and the owner of CBD Social Network reports revenue for the first 45 days of Q3.

CBDD is extremely excited to announce that for the first 45 days of the third quarter the Company had total revenue of approximately $1,410,000 USD.

Rockflowr, GmbH was responsible for about 87% of the revenue, CBD Welt 24, GmbH, with several harvests already completed and sold, accounted for approximately 12% of the total revenue, and Black Pearl accounted for the remaining revenue. 

While Rockflowr has developed new relationships in Belgium, France and Germany, the bulk of their business is still derived from Switzerland. 

CBD Welt 24 expects that with new greenhouses and an indoor grow coming online, revenue will increase over the next few months. CBD Welt 24 has extended its business to include extracting CBD Pollen and producing CBD oils from leftover biomass.

CBD of Denver, Inc. is in the process of hiring a new web engineer and social media coordinator.  This person will be in charge of redesigning CBD of Denver, Inc. homepage, Black Pearl CBD ecommerce site and completely upgrade CBD Social Network site. We look forward to unifying all the sites with a similar look, feel and presentation.

CBDD is focused on using equity to acquire profitable Swiss assets at attractive valuations to create value for all our shareholders

CBDD offers a superior CBD product that is full spectrum without depending on THC to activate the benefits of cannabidiol. 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. Products are available at www.blackpearlcbd.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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SOURCE CBD of Denver, Inc.

FAQ

What was the revenue for CBDD in the first 45 days of Q3?

CBD of Denver reported approximately $1,410,000 USD in revenue for the first 45 days of Q3.

Who contributed the most to CBDD's revenue in Q3?

Rockflowr, GmbH was responsible for about 87% of CBDD's revenue in the first 45 days of Q3.

What is CBD Welt 24's role in CBDD's revenue?

CBD Welt 24 contributed approximately 12% of CBDD's total revenue, with growth expected from new greenhouse operations.

What plans does CBDD have for enhancing its online presence?

CBDD is in the process of hiring new staff to redesign its homepage and e-commerce site, as well as upgrade its social media.

What type of product does CBDD offer?

CBDD offers a full-spectrum CBD product with 0% THC that uses a proprietary technique to enhance effectiveness.