$CBDD check out the news here: CBD of Denver, Inc.
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Posted On: 12/30/2021 7:16:49 AM
$CBDD check out the news here: CBD of Denver, Inc. (OTC Pink: CBDD), a cultivator and distributor of CBD and cannabis flower and a producer of a full line of CBD oil and unique products sold in Switzerland and throughout Europe, is pleased to report a 37% year-over-year increase in the number of wholesale transactions for the month of November for its Rockflowr business. The 59 transactions completed in November were for a total of 913 kilograms, generating $1.0 million (USD) in revenue, with margins improving to 7.3%, up from 6.7% in the same period of 2020.
The Company's strong performance prompted its move to a larger location. The new modern 1000 square meter facility is located in Zürich very close to the airport, with ample client parking and office space for sales personnel, management, and accounting. An important feature of the new facility is its large climate-controlled warehouse. In preparation for further growth, the Company has also hired additional sales staff for Italy and France as well as an analytics manager and facility manager. In addition to supporting increasing margins through improved efficiencies, the new location will allow for a seamless transition to cannabis distribution as legalization efforts move forward.
The Company's strong performance prompted its move to a larger location. The new modern 1000 square meter facility is located in Zürich very close to the airport, with ample client parking and office space for sales personnel, management, and accounting. An important feature of the new facility is its large climate-controlled warehouse. In preparation for further growth, the Company has also hired additional sales staff for Italy and France as well as an analytics manager and facility manager. In addition to supporting increasing margins through improved efficiencies, the new location will allow for a seamless transition to cannabis distribution as legalization efforts move forward.
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