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CBD OF DENVER, INC. (CBDD) Releases 3rd Quarter Financial Statements
CBD OF DENVER, INC. (CBDD) Releases 3rd Quarter Financial Statements.
About this update from Cbd Of Denver Inc.
[{"type":"text","content":"\n\n\n\nCBD OF DENVER, INC. (CBDD) Releases 3rd Quarter Financial Statements\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) Releases 3rd Quarter Financial Statements\nPR Newswire\nDENVER, Nov. 16, 2020\n\n\n\nDENVER, Nov. 16, 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 today announces the release of its financial statements for the 3rd quarter of 2020. \n\n \n \n \n \n \n \n\n \nCBDD has posted their Financial Statements for the 3rd quarter ended September 30, 2020, on OTCMarkets.com.  Third quarter results exceeded management's expectations.  Gross revenues increased nearly 10-fold over the second quarter to $5,963,820.00 with gross profits of $484,666.00.\nRockflowr GmbH generated the bulk of that revenue and is still growing.  Rockflowr has be able to source hemp flower from the United States in large quantities and its distribution has grown to more than 7 countries in Europe.  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.\"  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.  The pandemic and ensuing business closures allowed the company to actually reduce its per square meter cost, saving money. 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.\nCBD Welt 24 also performed well during the quarter, adding additional space and lights to grow approximately 30-40% more plants. \nCBDD is focused on using equity to acquire profitable Swiss assets at attractive valuations to create value for all our shareholders\nCBDD offers a superior CBD product that is full spectrum without depending on THC to ...