Colorado Cannabis Firm Boosts Market Via Teleshopping In Germany, Excels In Q3 Financials
Portfolio Pulse from Joana Scopel
CBD of Denver, Inc. (OTCPK: CBDD) partners with Channel 21 in Germany to sell its Magic Lappen via teleshopping. The company reports Q3 sales of $677,893, a significant increase from the previous year, and a reduced net loss from operations. CBDD's stock was down 5.56% at $0.0008 per share.
November 21, 2023 | 8:32 pm
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CBD of Denver, Inc. announces a teleshopping partnership with Channel 21 in Germany for its Magic Lappen and reports a significant increase in Q3 sales with a reduced net loss. Stock price is down 5.56%.
The partnership with Channel 21 is likely to increase the visibility and sales of CBDD's Magic Lappen, which could have a positive impact on future revenues. The strong Q3 financials indicate a positive trend, but the current stock price dip may be a short-term reaction to market conditions or profit-taking. The long-term impact is expected to be positive if the teleshopping initiative succeeds.
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