CBD of Denver, Inc. (OTC: CBDD), a full-line CBD and Hemp oil company that sells Black Pearl CBD and hemp products and the owner of the CBD Social Network, announces that it has signed an agreement to acquire Swiss CBD retailer Royal Green.
With this 2nd acquisition, CBD of Denver and its majority shareholder Swiss Industry Ventures, AG, are positioned to become a leader in the Swiss CBD market. Switzerland is in a central location, surrounded by 5 EU countries and is the business and banking hub of the Europe. The company looks to expand its customer base quickly in adjoining countries.
“We are very pleased to announce that CBD of Denver, Inc. just signed an acquisition agreement with Royal Green GmbH, our second acquisition,” said CBDD CEO Marcel Gamma. “Royal Green currently operates a full-service CBD retail store. Their current revenues are approximately $600-700,000. The company is anticipating the opening of a new retail outlet in Zurich and their goal is to open 3-4 additional stores throughout Switzerland.”
CBDD has engaged Executive Industries, Inc. to complete the necessary ongoing financial filings and maintain compliance with OTC Markets. The company also announced that they have retained Jonathan D. Leinwand, P.A., a law firm experienced in CBD, cannabis, corporate and securities law, who will provide CBDD with expertise in mergers and acquisitions as they move ahead with additional acquisitions.
Source | CBD of Denver