CBD Of Denver Q2 Revenue Jumps 37.4% YoY Amid German Market Expansion Plans
CBD of Denver, Inc. (OTC:CBDD) announced its unaudited financial results on Friday for the second quarter, a three-month period ended June 30, 2024.
The Denver-based company reported $1,002,240 in revenue for the period, representing a 37.4% increase from $729,453 in the same period in 2023. That’s slightly lower than previously expected. The company reported earlier this month that it would post $1.03 million in revenue for the second quarter.
In its recent business update, CBD of Denver shed light on its plans to get into the German market. Specifically, the company’s European subsidiary, Luxora received positive engagement in Berlin regarding a Near-Infrared (NIR) device used for cannabis testing. This happened …