Do your DD, don't trust anyone. What I post here is my opinion(and my Opinion ONLY)
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Heading north for 4 day wheeler trip. See everyone Monday.
Island Falls, Maine here we come.
Good Luck everyone
CBD of Denver Inc. Announces Strong April and May Sales
June 06, 2024 5:06 AM EDT | Source: CBD of Denver Inc.
Denver, Colorado--(Newsfile Corp. - June 6, 2024) - CBD of Denver, Inc. (OTC Pink: CBDD) today announced strong April revenue of approximately $490,000.00 USD, with approximately $420,000.00 USD coming from Luxora and approximately $70,000.00 USD coming from Libra 9. May revenue continues with approximately $359,500.00 USD from Luxora.
The company has decided to unwind the acquisition of Libra 9 GmbH. In early 2023, CBD of Denver Inc. had moved forward with the acquisition of Libra 9 GmbH based on the reported trailing 12-month revenue of $2.143 million as well as other one-off revenue streams and a structured earnout period that was extended from four years to five years. This acquisition was aligned with CBD of Denver's strategic plans to expand its footprint in the European market with additional high margin businesses that were presented to the company.
However, after months of discussion on the development of Libra 9's products and extensive discussions over recent months, the board of directors has concluded that the revenue goals initially presented to CBD of Denver Inc. at the time of the transaction have not been met. As a result, the board has determined that it is in the best interest of the shareholders and CBD of Denver Inc. to unwind the acquisition agreement with Libra 9 GmbH. The company continues to work with Mr. Reinke on the unwinding of the transaction.
"Despite the initial promise of this acquisition, the evolving market conditions and the financial performance of Libra 9 have led us to reassess this strategic move," said Robert Roever member of the board of CBD of Denver Inc. "We remain committed to our growth strategy but believe that reallocating resources to Luxora Inc. and focusing on more profitable ventures is the prudent path forward for our shareholders and the company."
The decision to unwind this transaction was made after numerous meetings and thorough discussions regarding the future strategic direction of the company. CBD of Denver Inc. is dedicated to maintaining transparency with its shareholders and ensuring that all corporate actions align with its core mission of delivering value and innovation to its shareholders and the company.
Axel Reinke has also resigned as CEO and board member, effective May 9, 2024. Concurrent with the resignation of Mr. Reinke, Jan Schwager, CEO of Luxora, has been appointed as CEO of the Company.
CBD of Denver, through its Luxora division, has experienced significant growth over the past several quarters. Luxora has engaged in numerous discussions with potential strategic partners recently, focusing on legalization in Germany and new opportunities that have arisen. One such prospect has already progressed to signing a Letter of Intent (LOI). The company continues to review new opportunities that it believes will be accretive to the organization.
Luxora Holding AG has entered a term sheet with CheckMyWeed enabling the launch of a new product called CheckMyWeed powered by NIRLAB. CheckMyWeed is a groundbreaking solution that allows users to analyze the cannabinoid content of cannabis flowers with unprecedented precision at the push of a button within seconds. The device, approximately the size of a flashlight, enables contactless and non-destructive analysis of plant material. Results are displayed on Apple or Android smartphones via a separate app, which operates on a monthly subscription basis. The technology can analyze vital information such as THC, CBD, and other secondary cannabinoids during the cultivation process as well as post-harvest. The company believes this product will be a valuable tool for the rollout of Cannabis Clubs and for the broader context of legalization in Germany.
Update on German Law: Currently, a new law is being implemented to amend the existing cannabis regulations, further clarifying the framework under which Cannabis Clubs can operate and apply for their permits. The draft law introduces additional guidelines, allowing individual federal states to decide whether multiple Cannabis Clubs can operate within the same facility. Additionally, Cannabis Clubs are not allowed to assign the same paid employee or the same non-member to more than one type of service.
The law has already gone through the first reading in parliament and the hearing in the health committee. It will now be forwarded to the second and third readings in parliament, which will include the final vote before being passed on to the Bundesrat as the final step. The law is expected to go into effect on July 1, 2024.
The company will be increasing its number of authorized common shares to eight billion shares to support its growth strategy and issue shares to investors. Please review our financials and disclosures, as the company does not have any toxic debt in its capital structure.
Furthermore, the company will participate in an interview on the "Markets Hunter" podcast, scheduled for broadcast in June. This interview will discuss the current changes and future direction of the company. It can be accessed through the Markets Hunter Channel on YouTube at
Exactly
I smell a RS coming. 1 more round of Dilution and bam RS to start over even.
I could be wrong but I doubt it.
Well! Lets see what today brings, yesterday sucked like most days in CBDD land.
Love these Stinky Pinks (not)
What will today bring?????
Just another SAD day in CBDD land.
The Stinky Pink games
Back to 0007, joy
More Dilution coming before News.
SFLM the new dilution King
Joy back to 7 and 8s. WoW impressive
Dilution Dilution and more dilution, POS ticker
More Dilution, all that ever happens at SFLM.
No news only Dilution
What sad story will today bring. Lets go CBDD get your CHIT together
Good Luck Everyone
Dilution before news
Where’s Mr king of Dilution
We know what that means, RED day. Maybe get lucky see some positive movement.
Thank Briz
Go CBDD
Okay I’m back for more CBDD punishment. Lets see what today brings.
Go CBDD
Onay I have few things needing done, wondering what today brings.
Have a great weekend CBDD, see you all next week
Just like clock work, get updates ReD day. Nothing new with this PP game.
The struggles of Stinky Pinks
Best part about Update was ending someone who was sending misinformations.
Love when the truth is heard. Little update on Clubs in Germany would’ve been nice.
How strong is the 35 or more club number.
Name change (cough,cough)
Audits another (cough, cough)
Red day, we get updates
NEWS
CBD of Denver Inc. Announces Annual Disclosure and Filing of Financial Statements
Newsfile Corp.
Newsfile Corp
Denver, Colorado--(Newsfile Corp. - May 2, 2024) - CBD of Denver, Inc. (OTC Pink: CBDD) has filed its financial results for the year ended December 31, 2023. The results highlight significant financial improvements and strategic achievements.
Financial Highlights:
Total Current Assets increased to $117,218 in 2023, up from $28,043 in 2022, marking significant progress in strengthening the company's balance sheet.
Gross Profit for 2023 was $595,417, a significant recovery from a gross loss of $(284,734) in 2022, due to a 27% increase in sales and reduction in Cost of Goods Sold, reflecting improved operational efficiency and product demand.
Net Income Before Provision for Income Tax showed improvement with a loss of $(377,729) in 2023, compared to a loss of $(3,257,710) in 2022. This underscores the company's efforts to enhance operational efficiency and improve cost management. Strategies include adopting a lean approach to minimize fixed expenses to the absolute bare minimum and managing variable expenses prudently, all while aiming to boost top-line growth.
Operational Highlights:
Net Income from Operations showed improvement with a reduced loss in 2023 compared to 2022. These figures represent diligent efforts in operational adjustments and cost management.
Accounts Payable decreased significantly to $297,164 in 2023, down from $961,651 in 2022.
"It is with great pride that I report on the robust financial performance and strategic achievements of CBD of Denver for the year 2023," said Axel Reinke, CEO of CBD of Denver. "The transformation from substantial losses in the previous year reflects the determination and adaptability of our team. We remain dedicated to driving growth, maximizing shareholder value, and spearheading innovation in our industry."
Three notes (Capitoline Ventures II LLC, Goldberg AG, and Pascal Siegenthaler) have been extended for an additional two years. These notes are held by friendly debt holders who have, and the company believes, will continue, to support CBD of Denver Inc.
About CBD of Denver, Inc. (BERLINER INNOVATION)
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. The Company is offering a number of innovative consumer products through Libra 9 GmbH, such as the Magic Lappen and the BerlinR13 Anti-Slip solution.
Follow Magic Lappen on Twitter, Instagram, Facebook and TikTok for more information and updates.
Follow The Magic Lappen on Instagram: @themagiclappen
Shop on our website: https://www.the-magic-lappen.com/
Visit the CBDD/ Berliner Innovation: www.berlinerinnovation.de
See our innovative Anti-Slip product: www.berlinr13.de
For questions, please contact us at: investors@libra9.de
About LUXORA Inc.
LUXORA Inc. is a trailblazing entity in the European cannabis industry, with offices spanning the USA and Europe. Our core expertise revolves around unlocking the potential of the legalized cannabis market, offering infrastructure solutions and consulting tailored to the dynamic needs of this rapidly expanding sector. With a profound understanding of the opportunities and challenges brought forth by legalization, our experienced team is dedicated to pioneering the future of the legal cannabis market in Europe. Our offerings range from consulting and market research to product development and distribution solutions, aimed at simplifying the path to legalization for our esteemed clients.
There goes your theory
Three notes (Capitoline Ventures II LLC, Goldberg AG, and Pascal Siegenthaler) have been extended for an additional two years. These notes are held by friendly debt holders who have, and the company believes, will continue, to support CBD of Denver Inc
The fun times of playing in Pink Land.
Repeat of yesterday’s action.
Snoozing, Happy CBDD Day Everyone
Down she goes again.
Things to do, later CBDD
CBDD’s ugly picture
1. Common Shares
A/S : 7,000,000,000
O/S : 6,999,999,800
Will CBDD go 0011, 0012 or 0013 into the weekend??????
We waiting on you CBDD
Have a great weekend everyone
Just another day in Stink Pinks.
The joys of waking up to nothing, thought we have updates about Clubs and partnerships.
Waiting Audits lol
Waiting Name Change lol
Always waiting.
Go CBDD
Giddy up, giddy up. Updates would be nice.
Love the color GREEN, hope this continues.
CBDD due updates.
Update today would be nice. Lets see the CBDD Germany plan of attack.
00144 and going higher, with some CBDD luck.
Giddy up CBDD
Looks like the 0012-0013 game again today.
See you tomorrow CBDD, you’re boring today.
Go Luck Everyone, Go CBDD/Lappen
Gitty up CBDD
Nothing happening around here but RED.
See you all Monday, heading north for weekend
Not a bad day retracing 0014, waiting on major updates.
Go CBDD
No volume on any of my stink pink tickers.
Something happening today I don’t know???????????????
0008-0009 have a duel, next is 0007-0008 fight out. The fun of stink pinks.
Gains never last in stink picks.
We need a conference call so CBDD can explain what next plan is. What’s the plan to supply clubs and how will CBDD be involved with clubs.
Grrrrrrrr isn’t this fun.
Almost back at price we started. The joys of stink pinks.
Go CBDD