CBD Denver Inc (CBDD)

[Tonyeight]

Press Release: CBD OF DENVER, INC. (CBDD) Corporate Updates=
looking to acquire a Swiss-based hemp farm. Both cannabis and hemp are legal to grow and sell in Switzerland.
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9:00 AM ET 1/9/20 | Dow Jones
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CBD OF DENVER, INC. (CBDD) Corporate Updates

PR Newswire

DENVER, Jan. 9, 2020

DENVER, Jan. 9, 2020 /PRNewswire/ -- CBD of Denver, Inc. (OTC:CBDD), a full-line CBD / Hemp oil company ("CBDD") that sells its Black Pearl CBD products to retail users, announced today that its has signed a letter of intent with I'M Canabiz, AG with regards to an acquisition.

I'M Canabiz, AG is a privately held company incorporated under the laws of Switzerland. It controls a cannabis farm in Switzerland and is looking to acquire a Swiss-based hemp farm. Both cannabis and hemp are legal to grow and sell in Switzerland.

CBDD's CEO, Nicholas Sprung, said "We are diligently working on a definitive agreement and will keep investors informed of our progress. We have agreed to basic terms, and we are excited to work with a Swiss entity that is knowledgeable about our product and that has significantly greater financial resources than CBDD."

CBDD also reported that its website www.cbdsocialnetwork.com continues to experience an increase in new users and has been contacted by numerous companies interested in possible advertising space.