Colorado Cannabis Giant Dives Into German Real Estate With Luxora
Portfolio Pulse from Patricio Liddle
CBD of Denver Inc (OTCPK: CBDD) has announced the creation of Luxora Real Estate AG in Switzerland, with plans to invest in German commercial real estate. Luxora aims to raise 10 million CHF to purchase properties and convert them into indoor farming facilities for lease to cannabis clubs in Germany. The company has already targeted two properties in Berlin, aligning with upcoming cannabis regulations in July 2024. CBDD's shares were trading at $0.0007 at the time of the report.
December 04, 2023 | 6:16 pm
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POSITIVE IMPACT
CBD of Denver Inc's new venture into German commercial real estate through Luxora Real Estate AG could diversify revenue streams and capitalize on the emerging cannabis market in Germany.
The creation of Luxora Real Estate AG and the strategic move into German commercial real estate is likely to be viewed positively by investors as it represents a growth opportunity in a new market. The alignment with upcoming cannabis regulations in Germany could provide CBDD with first-mover advantage, potentially leading to increased revenue streams. However, the impact on the stock price may be moderated by the current low share price and the inherent risks of entering a new market.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100