Denver, Colorado--(Newsfile Corp. - November 10, 2021) - CBD of Denver, Inc. (OTC Pink: CBDD), a full-line CBD and hemp oil company and a producer and distributor of cannabis and CBD products in Switzerland and Europe, is pleased to announce it generated net profit of $0.1 million on $1.4 million (USD) in revenue in October 2021, increasing its year-to-date revenue total to $22.6 million.
"Rockflowr continues to maintain a high level of total products sold, with 1,181 kilograms (kg) sold in October, compared to 1,221kg sold in same month of 2020, which continues the strong trends of the previous year," stated Marcel Gamma, CEO of CBD of Denver. "The European market has experienced a dramatic slump in demand in October, and pricing pressures remain across the industry. Despite that, we were able to keep our sales volume on a high level and we believe the consolidation underway in the European CBD will ultimately lead to a recovery of product pricing moving forward."
"In the first phase of market consolidation that began in 2018, product prices experienced a similar decline, then went on to more than double less than two years later," continued Gamma. "Despite these market challenges, I am confident our team will continue to perform at exceptional levels, as demonstrated by our 73% year-over-year growth during the March through October period, reaching $17.9 million and representing 79% of our year-to-date total revenues."
CBD of Denver, Inc., Rockflowr GmbH and Swiss Industry Ventures AG are now also on LinkedIn.
About CBD of Denver, Inc.
CBD of Denver, Inc. (OTC Pink: CBDD) a full-line CBD and Hemp oil company ("CBDD") and a producer and distributor of Cannabis and CBD products in Switzerland, Europe and the US. CBDD is focused on using equity to acquire profitable Swiss assets at attractive valuations to create value for all our shareholders driven by a passion to improve lives and strengthen communities by unleashing the full potential of cannabis.
Through our brand Rockflowr and BlackPearlCBD we reach our consumers and have built up a strong customer base by focusing on top quality products and meaningful customer relationships.
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 and only available at www.cbdofdenver.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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