CBD of Denver Inc (OTCMKTS:CBDD) stock is moving higher in early session on Wednesday followed by a news.
CBD of Denver Expands its Swiss Production with New Company-Owned Extraction and Washdown Facility
- CBDD announced it has begun the buildout of its own Extraction and Washdown Facility in Switzerland.
- With this important extension of its production capacities, CBD of Denver further strengthens the service offering for its clients in Switzerland and Europe, while generating an additional revenue stream from crude oil byproduct sales. Additionally, the ability to process two tons of flower inhouse monthly lowers outsourcing costs without added expense as service can be covered through existing workforce.
“We are very excited to add this service to our offering,” states Pascal Siegenthaler, Managing Director Sales. “We have a lot of customers from Switzerland and Europe who need this service. In the past, we were dependent on external partners and with this expansion of our service we can serve our customers even better and more holistically, while capturing a larger share of the gross transactions.”
Market Action
As of 11:34, CBDD stock has moved up by 5.65% at $0.0150. The stock has traded 7.52 million shares, below its average volume of 24.93 million shares. The stock opened at $0.0151 and moved in a range of $0.0141 – 0.0151.
About CBD of Denver, Inc.
CBD of Denver, Inc. (OTC Pink: CBDD) a full-line CBD and Hemp oil company (“CBDD”) and a producer and distributor of Cannabis and CBD products in Switzerland, Europe and the US. CBDD is focused on using equity to acquire profitable Swiss assets at attractive valuations to create value for all our shareholders driven by a passion to improve lives and strengthen communities by unleashing the full potential of cannabis.
){kind=link}