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CBD OF DENVER, INC. (CBDD) Provides Additional Information on Q2 Revenue
CBD OF DENVER, INC. (CBDD) Provides Additional Information on Q2 Revenue.
About this update from Cbd Of Denver Inc.
[{"type":"text","content":"\n\n\n\nCBD OF DENVER, INC. (CBDD) Provides Additional Information on Q2 Revenue\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nCBD OF DENVER, INC. (CBDD) Provides Additional Information on Q2 Revenue\nPR Newswire\nDENVER, July 27, 2020\n\n\n\nDENVER, July 27, 2020 /PRNewswire/ -- CBD of Denver, Inc. (OTC: CBDD), a full-line CBD and Hemp oil company (\"CBDD\") selling Black Pearl CBD and hemp products and the owner of CBD Social Network, today is providing additional information on the revenue reported for Rockflowr, GmbH and CBD Welt 24, GmbH.\n\n \n \n \n \n \n \n\n \nRevenue for Rockflowr and CBD Welt 24, subsidiaries of CBD of Denver, Inc., was reported in CBDD's 2nd Quarter Disclosure with OTC Markets as of the date each company was acquired and not for their own full quarter. To provide context for the revenue numbers reported in CBDD's quarterly statement, CBBD is providing the revenue generated by Rockflowr and CBD Welt24 for their full quarters and not just since they were acquired by CBDD in the middle of quarter.  \nRockflower: For the period from April 1, 2020 through June 30, 2020 Rockflowr had revenue of 1,710,000.00 CHF or approximately $1,833,120.00 USD with net profits of 131,089 CHF or approximately $140,527 USD.   \nCBD Welt 24: For the period from April 1, 2020 through June 30, 2020 CBD Welt24 had revenue of 56,500.00 CHF or approximately $60,568,00 with a net profit 45,416 CHF of approximately $48,686 USD.  This amount only reflects revenue after the first harvest as it took two months from initial planting until first harvest to generate revenue.  Moving forward, CBD Welt24 expects a harvest every month that should substantially increase revenue.\nAdditionally, the second quarter marks the first time since CBDD's inception that it posted a net profit. This profit is an indication of the success of the Company's drive to increase shareholder value.\nCBDD 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 Iso...