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CBD of Denver (OTCMKTS:CBDD) Stock On Watchlist After Latest Development

Pete Matthews , , , ,

Yesterday CBD of Denver (OTCMKTS:CBDD) announced that it had completed a filing with the OTC Markets regarding its annual disclosure and financial statements.

Trading Data

On Thursday, CBDD stock jumped 25% to $0.0003 with more than 72.41 million shares, compared to its average volume of 27.28 million shares. The stock moved within a range of $0.0002 – 0.0003 after opening trading at $0.0002.

CBDD’s Magic Lappen Being Sold on Amazon, Annual Disclosure and Financial Statements Filed

The filing had been delayed since the company had been working on the change in control owing to the acquisition of Libra 9 and the appointment of Axel Reinke as its Chairman and Chief Executive Officer. The company also noted that it currently had three non-employee directors who were also invested in the company. The filings also revealed that the top line revenues had started to go up which would allow CBD of Denver to work on becoming cash flow positive as soon as possible.

One of the products that is expected to be the ticket to profitability for the company is The Magic Lappen. As of last Friday, April 21, 2023, the product had been the ‘Best Seller’ in the reusable cleaning wipes category of products on Amazon.de.

The company had managed to make 582 pieces of The Magic Lappen after a car enthusiast in Dortmund shopped at The Magic Lappen booth located at the Essen Car Show. The car enthusiast noted that the product helped in making a greasy mirror streak free and clean instantly.

Pete Matthews

Pete attended the University of Colorado and still calls the centennial state home. He chases trout in the summer and snowboards in the winter. He is fascinated with the markets and has a strong interest in nanocap stocks and crypto currency.