Become A Featured Company

CBD of Denver to Expand into German Cannabis Market and Provide Updates During Shareholder Call

Ryan Allway

June 13th, 2023

News, Top News, Top Story

Denver, Colorado–(Newsfile Corp. – June 13, 2023) – CBD of Denver (OTC Pink: CBDD) today announced that it intends to expand the scope of its CBD business in conjunction with letters of intent executed in March 2023 and will provide updates during a shareholder call on June 14, 2023.

 

CBDD entered into 2 letters of intent in March 2023 for the acquisition of a German-based CBD specialist, which will provide warehousing and logistic services for Germany and expand CBD of Denver Inc.’s reach throughout Europe and with a wholesale and retail full-service Health and Wellness CBD company located in Switzerland.

 

After continuing conversations with the targets’ principals, it has been decided to expand the scope of the Company’s cannabis business leveraging the acquisitions covered by the LOIs to take advantage of Germany’s recently announced liberalization of its cannabis laws. The recently announced regulatory framework will provide an opportunity for the opening of Social Clubs throughout Germany. The Social Clubs will be limited to 500 members and would be responsible for growing their own cannabis. The Company’s goal is to be part of this social club roll out in Germany in early 2024 by providing services to the social clubs such as grow facilities and licensed locations. Our newly expanded team is positioned to take advantage of this proposed new law as the team is well versed in operating grow facilities in Germany and Switzerland. The team also has history of operating social clubs in Barcelona and Ibiza. The German regulation will have very specific parameters on grow and operational mandates that our team will assist with having many years of experience working with similar regulations throughout Europe. As the regulatory framework is finalized, the company will share more details regarding this opportunity as soon as possible.

 

The Company’s existing wholesale business will be part of the operation and continues to grow revenues. The company intends to expand the wholesale division margins as the Company continues to grow sales. The Company is sourcing competitively priced CBD from outside of Europe to facilitate this effort. Additionally, the team being acquired brings decades of experience in the CBD business with existing customers. The Company is concentrating on 3 verticals in the industry: wholesale flower, social clubs, and technology to support these platforms.

 

Additionally, as part of this transaction the company intends to acquire branded products already distributed thru out Germany which the details will be expanded after the definitive closing documents have been completed. The company believes that it is in the best interest of all parties not to disclose all targets as this will adversely affect the company’s position to complete the closing, furthermore the company will share all pertinent information after the closing.

 

The Company’s Shareholder Update Call will be held at 4 pm Eastern Time on June 14, 2023. Call in information is available on the Company’s website where shareholders will also be able to submit questions.

 

Follow CBDD on LinkedIn and Twitter for more information and updates.

 

Follow The Magic Lappen on Instagram: @themagiclappen or shop on our website: The Magic Lappen

 

Visit the Website of Berlin R 13 the innovative Anti-Slip product: www.berlinr13.de.

Contact Info: info@cbdofdenver.com

 

About the Magic Lappen

The Magic Lappen provides maximum shine, streak free drying, and only requires water – no chemicals or detergents. The Magic Lappen is also chemical-free and lint-free; cleaning of all smooth and shining surfaces is robust and durable with a leather-like feel. Its innovative structure enables high absorption of dirt, dust, and grease and can be washed many times at 60°. The product is vegan and ecofriendly.

 

About CBD of Denver, Inc.

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.

 

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.

 

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.

Network Partners

Follow Us on Social Media

LinkedIn

About CFN Media Group

CFN Enterprises Inc. (OTCQB: CNFN) owns and operates CFN Media Group, the premier agency and financial media network reaching executives, entrepreneurs and consumers worldwide. Through its proprietary content creation, video library, and distribution via www.CannabisFN.com, CFN has built an extensive database of cannabis interest, assisting many of the world’s largest cannabis firms and CBD brands to build awareness and thrive. For more information, please visit www.cfnenterprisesinc.com.

Disclaimer: Matters discussed on this website contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time-to-time have a position in the securities mentioned herein and will increase or decrease such positions without notice. The Information contains forward-looking statements, i.e. statements or discussions that constitute predictions, expectations, beliefs, plans, estimates, or projections as indicated by such words as "expects", "will", "anticipates", and "estimates"; therefore, you should proceed with extreme caution in relying upon such statements and conduct a full investigation of the Information and the Profiled Issuer as well as any such forward-looking statements. Any forward looking statements we make in the Information are limited to the time period in which they are made, and we do not undertake to update forward looking statements that may change at any time; The Information is presented only as a brief "snapshot" of the Profiled Issuer and should only be used, at most, and if at all, as a starting point for you to conduct a thorough investigation of the Profiled Issuer and its securities and to consult your financial, legal or other adviser(s) and avail yourself of the filings and information that may be accessed at www.sec.gov, www.pinksheets.com, www.otcmarkets.com or other electronic sources, including: (a) reviewing SEC periodic reports (Forms 10-Q and 10-K), reports of material events (Form 8-K), insider reports (Forms 3, 4, 5 and Schedule 13D); (b) reviewing Information and Disclosure Statements and unaudited financial reports filed with the Pink Sheets or www.otcmarkets.com; (c) obtaining and reviewing publicly available information contained in commonlyknown search engines such as Google; and (d) consulting investment guides at www.sec.gov and www.finra.com. You should always be cognizant that the Profiled Issuers may not be current in their reporting obligations with the SEC and OTCMarkets and/or have negative signs at www.otcmarkets.com (See section below titled "Risks Related to the Profiled Issuers, which provides additional information pertaining thereto). For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity-based compensation in the companies it writes about, or a combination of the two. For full disclosure, please visit: https://www.cannabisfn.com/legal-disclaimer/. A short time after we acquire the securities of the foregoing company, we may publish the (favorable) information about the issuer referenced above advising others, including you, to purchase; and while doing so, we may sell the securities we acquired. In addition, a third-party shareholder compensating us may sell his or her shares of the issuer while we are publishing favorable information about the issuer. Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.cannabisfn.com/legal-disclaimer/.

Copyright © Accelerize Inc. · All Rights Reserved · Privacy Policy · Legal Disclaimer

loading