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Yr Over Yr Revenues Up 2,803% with Gross Revenue Up 975%
Denver, Colorado–(Newsfile Corp. – August 24, 2021) – CBD of Denver, Inc. (OTC Pink: CBDD), a full-line CBD and hemp oil firm and a producer and distributor of hashish and CBD merchandise in Switzerland and Europe, is happy to announce its monetary and enterprise highlights for the second quarter ended June 30, 2021.
Second Quarter 2021 Monetary Highlights
- Income elevated 2,803% to over $14.4 million for Q2 2021 in comparison with $517,025 in Q2 2020
- Gross revenue elevated 975% to over $1.5 million for Q2 2021 in comparison with $154,203 in Q2 2020
- Internet revenue elevated 641% to over $1.2 million for Q2 2021 in comparison with a lack of $189,704 in Q2 2020
Second Quarter 2021 Enterprise Highlights
- The Firm efficiently elevated its buyer base from 20 prospects in early 2020 to greater than 400 loyal recurring prospects by finish of Q2 2021.
- The Firm’s retailer community, which started with two outlets in March 2000, expanded to a loyal buyer base of 26 outlets in Switzerland, 41 outlets in Germany, 30 outlets in France, 2 outlets in Italy, 1 store in Poland and a pair of outlets in Guadeloupe, for a complete quantity of greater than 100 outlets, as of the tip of Q2 2021.
- The Firm is the premier provider to 60 wholesalers throughout Europe as of the tip of Q2 2021, up from simply 5 wholesalers accounting for 60% of its income in early 2020.
- Rockflowr Manufacturing began with its personal month-to-month manufacturing of 25-30kg of high-grade indoor hemp flowers in Might 2020 and as of the tip of Q2 2021 has grown to over 20,000 lamps with 1000 watt every (whole capability of 20 million watt or 20 tons of indoor manufacturing per yr) of outsourced manufacturing capability supplying our buyer base.
Monetary Statements
The Under is from the Unaudited Condensed Interim Monetary Statements for the Three and Six Months Ended June 30, 2021 and 2020; Please Check with the Full Report, Together with the Notes, Different Statements and Different Contents Therein.
| Six Months | Six Months | Three Months | Three Months | |||||||
| Ended | Ended | Ended | Ended | |||||||
| 6/30/2021 | 6/30/2020 | 6/30/2021 | 6/30/2020 | |||||||
| Gross sales | $ 14,494,477 | $ 517,025 | $ 7,136,628 | $ 515,840 | ||||||
| Value of gross sales | 12,991,643 | 362,822 | 6,993,357 | 355,855 | ||||||
| Gross revenue | 1,502,834 | 154,203 | 143,271 | 159,985 | ||||||
| Working bills: | ||||||||||
| Advertising and marketing | 355 | 17,529 | – | 17,529 | ||||||
| Lease | 46,127 | 19,552 | 41,989 | 19,552 | ||||||
| Depreciation | 4,729 | 2,207 | 3,499 | 2,207 | ||||||
| Inventory-based compensation | 1,620 | – | – | – | ||||||
| Basic and administrative | 82,179 | 121,637 | 47,605 | 97,028 | ||||||
| Complete working bills | 135,010 | 160,925 | 93,093 | 136,316 | ||||||
| Earnings (loss) from operations | 1,367,824 | (6,722) | 50,178 | 23,669 | ||||||
| Different revenue (expense) | ||||||||||
| Curiosity expense | – | (178,390) | – | – | ||||||
| Complete Different Bills | – | (178,390) | – | – | ||||||
| Internet Earnings (loss) earlier than revenue taxes | 1,367,824 | (185,112) | 50,178 | 23,669 | ||||||
| Earnings tax expense | 151,824 | 4,592 | 5,851 | 4,592 | ||||||
| Internet revenue (loss) | 1,216,000 | (189,704) | 44,327 | 19,077 | ||||||
| Different complete revenue | (37,682) | 3,654 | 36,814 | 3,654 | ||||||
| Complete revenue (loss) | $ 1,178,318 | $ (186,050) | $ 81,141 | $ 22,731 | ||||||
| Fundamental web revenue (loss) per share | $ 0.00 | $ (0.00) | $ 0.00 | $ 0.00 | ||||||
| Diluted web revenue (loss) per share | $ 0.00 | $ (0.00) | $ 0.00 | $ 0.00 | ||||||
| Weighted Common Variety of Shares Excellent – Fundamental | 5,309,576,718 | 4,194,527,118 | 5,309,588,107 | 4,446,889,755 | ||||||
| Weighted Common Variety of Shares Excellent – Diluted | 20,509,576,718 | 4,194,527,118 | 20,509,588,107 | 19,446,889,755 | ||||||
Comply with CBDD on Instagram: @CBDofDenver_Inc@Rockflowr@RockflowrRetail
CBD of Denver, Inc., Rockflowr GmbH and Swiss Trade Ventures AG at the moment are additionally on LinkedIn.
About CBD of Denver, Inc.
CBD of Denver, Inc. (OTC Pink: CBDD) a full-line CBD and Hemp oil firm (“CBDD”) and a producer and distributor of Hashish and CBD merchandise in Switzerland, Europe and the US. CBDD is concentrated on utilizing fairness to accumulate worthwhile Swiss property at enticing valuations to create worth for all our shareholders pushed by a ardour to enhance lives and strengthen communities by unleashing the complete potential of hashish.
By way of our model Rockflowr and BlackPearlCBD we attain our customers and have constructed up a robust buyer base by specializing in high quality merchandise and significant buyer relationships.
Black Pearl CBD has 0% THC however will not be an Isolate the place the THC is stripped from the product rendering it ineffective. We use a proprietary method including terpenes because the activation ingredient, leading to a product that’s the best within the trade and solely out there at www.cbdofdenver.com
Info contained herein consists of forward-looking statements. These statements relate to future occasions or future monetary efficiency, involving recognized and unknown dangers and you shouldn’t place undue reliance on these statements. Any forward-looking assertion displays our present views with respect to future occasions. We assume no obligation publicly about replace or revise these forward-looking statements for any purpose.
Contacts:
Investor Relations
investors@cbdofdenver.com
Marcel Gamma
marcel@cbdofdenver.com
Todd McKnight
RedChip Firms
1-800-733-2447
todd@redchip.com
To view the supply model of this press launch, please go to https://www.newsfilecorp.com/release/94206
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