CBD Denver Inc (CBDD)

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OTC STOCKS TO WATCH #1 CBDD

https://insiderfinancial.com/4-otc-stocks-to-watch-cbdd-cybl-cydy-sfor/183287/

CBD of Denver Inc has had a great 3-week period after months of constant bearish pressure. The Pink Current stock has gained about 30% during the last five sessions and has tripled over the month to trade at $0.0074. On Wednesday, it broke above the $0.008 mark to hit the highest level since September last year.

Our subscribers are already familiar with CBDD, as we discovered it in November 2020, when it was trading near the penny mark. It eventually, hit three pennies at the beginning of 2021 but has continually declined since then, bottoming out in February of this year.

CBDD, with a market cap of $40 million, is a full-line CBD and Hemp oil company 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 and European assets at attractive valuations to create value for shareholders and is driven by a passion to improve lives and strengthen communities by unleashing the full potential of cannabis. The company’s related social networking website can be accessed at: www.cbdsocialnetwork.com. The site will be connecting CBD enthusiasts from around the world.

Last month, CBDD released its Q1 results. It said that it had generated over $900k during the first three months of the year, recording a net loss of over $300k mainly on an inventory write down of $102,856.

Previously, the business was negatively impacted in the quarter by the reintroduction of COVID controls across Europe and pricing pressure on CBD flowers. These trends have already reversed, and the company’s April revenue nearly surpassed the entire first quarter’s revenue as prices began to stabilize.

CBDD completed a restructuring in March to reduce costs, putting itself in a stronger position for the next phase of growth in Europe. CEO Paul Gurney commented:

CBDD has big plans to become the first commercially viable cannabis company in Europe.

Earlier this year, CBDD announced the acquisition of Mellow, a CBD technology and marketplace. Mellow operates in Europe and Asia. At the end of May, Mellow signed an agreement with UK luxury CBD consumer brand OTO to act as its distribution partner in Asia.

OTO, headquartered in London, is a premium positioned consumer CBD wellness brand, specializing in offering sophisticated products at the luxury end of the industry price spectrum. Mellow aims to provide the OTO brand experience through its mellow Asia division, which is operated out of the Hong Kong market, and which already operates a multi-brand CBD and Heath & Wellness eCommerce site, as well as a network of physical retail stores under the mellow banner.

On Wednesday, Mellow signed an agreement with Botanic Wellness, an Australian CBD and Hemp Wellness brand, to act as its digital and performance marketing partner in the UK and EU markets. The journey of Botanic Wellness began in 2018 when it established a fully licensed hemp-growing facility in the US. It quickly expanded its agriculture business and today has operations throughout the US and Australia.

Botanic Wellness is listing on the Australia Stock Exchange last this year, which will allow the business to access increased funding to help support its expansion into the UK market.

With an ideal share structure, CBDD is finally ready to please investors after months of bleeding.