$CBDD generated net profit of $0.1 million on $1.4
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Posted On: 12/08/2021 1:33:44 PM
$CBDD generated net profit of $0.1 million on $1.4 million (USD) in revenue in October 2021, increasing its year-to-date revenue total to $22.6 million.
"Rockflowr continues to maintain a high level of total products sold, with 1,181 kilograms (kg) sold in October, compared to 1,221kg sold in same month of 2020, which continues the strong trends of the previous year," stated Marcel Gamma, CEO of CBD of Denver. "The European market has experienced a dramatic slump in demand in October, and pricing pressures remain across the industry. Despite that, we were able to keep our sales volume on a high level and we believe the consolidation underway in the European CBD will ultimately lead to a recovery of product pricing moving forward."
"Rockflowr continues to maintain a high level of total products sold, with 1,181 kilograms (kg) sold in October, compared to 1,221kg sold in same month of 2020, which continues the strong trends of the previous year," stated Marcel Gamma, CEO of CBD of Denver. "The European market has experienced a dramatic slump in demand in October, and pricing pressures remain across the industry. Despite that, we were able to keep our sales volume on a high level and we believe the consolidation underway in the European CBD will ultimately lead to a recovery of product pricing moving forward."
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