CBD of Denver Inc. (OTCPINK: CBDD) is making an explosive move up the charts after the Company announced record revenues of $5,963,820.00 with gross profits of $484,666.00 for the 3rd quarter ended September 30, 2020. CBDD is an emerging player in the booming global CBD oil and CBD consumer health market which is expected to reach USD $123.2 billion by 2027, expanding at a CAGR of 25.6% over the forecast period.
It’s easy to see why penny stock speculators are so bullish on CBDD; the Company’s subsidiary Rockflowr GmbH is quickly emerging as one of the leading wholesale companies for CBD in Switzerland. Rockflowr sources its hemp flower from the United States in large quantities and its distribution has grown to more than 7 countries in Europe. Rockflowr GmbH generated the bulk of CBDD revenues.
CBD of Denver Inc. (OTCPINK: CBDD) operating out of Denver, Colorado CBD of Denver, Inc. is producing zero percent THC CBD products, produced from qualified organic hemp, and marketing those products via the worldwide web and exclusive retailers. The company’s products can be found at cbdofdenver.com. During the last 3 months the company has introduced many new products. First new product is Black Pearl CBD Sunscreen. The sunscreen is “Reef Friendly”and doesn’t contain any chemicals that bleach the ocean reefs and is made with CBD to help condition the user’s skin. The second product is Black Pearl CBD Lip Balm which is available in two flavors, Strawberry and Berry. This product contains 25% CBD which is helpful in keeping the users lips soft and healthy. The last product is Black Pearl CBD 1%, which is an inexpensive version of our inline Black Pearl CBD 3.8%. The new CEO of CBD of Denver is Marcel R. Gamma who took over for , Nicholas Sprung who remains as interim President and Brent LaGrange will act as interim Secretary and head of Product Development.
CBD of Denver was created to offer the consumer a unique and new perspective on an unorganized and confusing industry. The Company operates the CBD Social Network (www.cbdsocialnetwork.com) to connect CBD users from the USA and around the world. CBD of Denver, Inc. is one of a handful of publicly traded CBD stocks.
The Company’s subsidiary Rockflowr GmbH is a Swiss Premium CBD Wholesaler and one of the leading wholesale companies for CBD in Switzerland. Rockflowr sources its hemp flower from the United States in large quantities and its distribution has grown to more than 7 countries in Europe. Rockfowr has developed agreements with numerous cannabis farms throughout Switzerland and adjoining countries. It’s customer base has increased and many request weekly deliveries. Rockflowr provides same day delivery service throughout Switzerland and 3-day delivery to other European countries. Rockflowr GmbH generated the bulk of CBDD revenues which recentl skyrocketed to $5,963,820.00 with gross profits of $484,666.00 for the third quarter, 2020.
CBDD CEO Marcel Gamma explains: “Business is so good, we have dealers waiting in line outside of our offices to buy product. We are thrilled with the growth of our company. Our business is growing and our delivery trucks are extremely busy delivering flower, biomass, cuttlings, and other wholesale products. Our flowers — Indoor, Greenhouse and Outdoor — are finely selected and rigorously tested and analyzed to maintain a 1.0% or less THC content that is mandated by Swiss law.”
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Growth does come with challenges, with the company having to move its office/warehouse from the current 160 square meters to a larger 260+ square meter space. Rockflowr hired 2 additional highly qualified employees, who were available only due to the pandemic. The addition of pollen to the product line has also increased Rockflwr’s profit margins.
In order to sell our flower to other European countries, which mandate a .2% or less THC content, Rockflowr runs the flower through a proprietary process that washes the flower and reduces the THC level. Only after the flower is retested and has a certificate of analysis can it then be shipped outside of Switzerland.
The Company’s subsidiary CBD Welt 24 GmbH which brings in about 15% of CBDD total revenues, is on schedule to have harvests every month. CBD Welt is currently working on a new website for CBD Welt 24 and will have online live cameras for each facility. CBD Welt 24 also recently added additional space and lights to grow approximately 30-40% more plants.
CBD of Denver, Inc. is developing 3 new products for their Black Pearl CBD website. The first product is a CBN/CBG gel cap which will be sold in 30 count per bottle. Reports show that CBN and CBG can help with sleep and relaxation. The second product is a CBD pain stick containing 3.8% full spectrum CBD and the third product, which will be introduced last, is a CBD lotion, to help skin look younger and relieve pain.
$CBDD great push EOD definitely worth a multi with those revenues
— Shemar anglin † (@S_AnglinIV) November 16, 2020
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Currently in full beast mode headed northbound on massive surge of volume CBDD is an exciting story developing in small caps; the Company subsidiary Rockflowr GmbH is quickly emerging as one of the leading wholesale companies for CBD in Switzerland. Rockflowr sources its hemp flower from the United States in large quantities and its distribution has grown to more than 7 countries in Europe. CBDD just announced record revenues of $5,963,820.00 with gross profits of $484,666.00 for the 3rd quarter ended September 30, 2020. CBDD new CEO Marcel Gamma says business is booming and the Company has dealers waiting in line outside of its offices to buy product. Microcapdaily first reported on CBDD exactly two year ago on November 16, 2018 right after the Company had changed their ticker from VGMI to CBDD when the stock was sitting at triple zeroes. We will be updating on CBDD when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with CBDD.
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Disclosure: we hold no position in CBDD either long or short and we have not been compensated for this article.