CBD Of Denver's Success In Challenging Climate With Increase In Q4 Revenue
Portfolio Pulse from Jelena Martinovic
CBD of Denver, Inc. (OTC:CBDD) reported increased Q4 revenue, reaching $1.310 million, with Luxora contributing approximately $1.134 million and Libra 9 about $176,000. The company's growth is attributed to partnerships and market strategies, including a teleshopping partnership and trade show presence. Luxora's expansion in the European CBD wholesale market and potential entry into the German market are key growth drivers. The legalization of marijuana in Germany, which could impact Luxora, has been postponed to 2024. CBDD's stock rose 16.6667% to $0.0007 post-market on Wednesday.
December 28, 2023 | 4:02 pm
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POSITIVE IMPACT
CBD of Denver reported a strong Q4 with increased revenues and strategic growth initiatives. The stock experienced a significant rise after the announcement.
The positive earnings report and the subsequent stock price increase suggest investor confidence in CBD of Denver's growth strategies and market performance. The anticipation of entering the German market, despite the delay in legalization, also adds to the positive outlook. However, the micro-cap nature of the stock and its low price point can lead to high volatility.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100