CBD of Denver Inc. (OTCMKTS:CBDD) Stock Soars After Appointing a New CEO
Shares of New CBD of Denver Inc. (OTCMKTS:CBDD) closed sharply higher on Tuesday.
Market Stats
On Tuesday, CBDD stock soared 21% to $0.0029 with more than 25.74 million shares, compared to its average volume of 15.66 million shares. The stock moved within a range of $0.0021 – 0.0031 after opening trading at $0.0027.
Paul Gurney Appointed as New CEO at CBD of Denver
CBD of Denver, Inc. (OTCMKTS:CBDD) has announced on March 08, 2022 about naming Paul Gurney as Chairman, President and Chief Executive Officer of the company, effective immediately, from Marcel Gamma, who has been acting Chief Executive Officer and Chairman.
Gurney brings more than 15 years of experience to the table – he is has dabbled a lot in the capital markets. He spent over a decade as a Managing Director on the Bank of Montreal’s (BMO) equity desk in London, U.K, which is named among the top ten banks in North America. He was also a senior salesperson in IBM for a while. In the last few years, Gurney has spearheaded BMO’s foray in the cannabis space in Europe.
The Board Executive Search Committee feels that Paul Gurney is the right fit for the company, thanks to his extensive knowledge of capital markets, combined with his sales experience, leadership and efforts raising money for the cannabis sector.
Paul Gurney is equally thrilled to join the CBD of Denver team. He stresses that the cannabis sector in Europe is about experience a big boom, so this is the right time for the industry to undergo consolidation and restructuring. He sees enormous potential in the company to emerge as one of the key players in cannabis industry, not just in Switzerland, but in entire Europe.
Key Quote
“After an exhaustive executive search, we feel Paul is the right leader for CBD of Denver” said the Board Executive Search Committee. “Paul’s deep knowledge of capital markets, combined with his sales experience, leadership and efforts raising money for the cannabis sector, make him the perfect fit for CBD of Denver as the company pivots towards cannabis 3.0 ”
Traders Corner
CBDD stock is trading below the 50-Day and 200-Day Moving averages of $0.0032 and $0.0074 respectively. The stock is trading in the neutral zone with RSI stands at 55.
