$CBDD's CBD and Hemp oil products company (“CBDD
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Posted On: 06/01/2020 8:28:46 AM
$CBDD's CBD and Hemp oil products company (“CBDD”) that produces and sells Black Pearl CBD and Hemp products and the owner of CBD Social Network, has entered into an agreement to acquire a Swiss cannabis grower.
CBDD expects to close on the purchase CBD Welt 24, GMBH by the end May. CBD Welt 24 owns two Hemp grow facilities in Switzerland. CBD Welt is profitable with expected revenues between $800,000-1,200,000 per year. Revenue fluctuates with the current price of biomass and flower. Switzerland is a new market for CBD, having recently legalized using, manufacturing and growing Hemp. Being multiple years behind USA, there is room for exponential growth.
CBDD expects to close on the purchase CBD Welt 24, GMBH by the end May. CBD Welt 24 owns two Hemp grow facilities in Switzerland. CBD Welt is profitable with expected revenues between $800,000-1,200,000 per year. Revenue fluctuates with the current price of biomass and flower. Switzerland is a new market for CBD, having recently legalized using, manufacturing and growing Hemp. Being multiple years behind USA, there is room for exponential growth.
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