Geometry Dash APK Hill Climb Racing APK
40.5 F
New York
Thursday, February 9, 2023

High Flying CBD of Denver, Inc. (OTCMKTS:CBDD) Hits a Speed Bump

Must read

Net Savings Link Inc (OTCMKTS:NSAV) Goes Parabolic Ahead of Important Event

As far as cryptocurrency and blockchain companies are concerned, there are many options nowadays for investors to explore.

American Diversified Holdings Corp (OTCMKTS:ADHC) Nears Critical Level

When a stock records significant gains and then crashes and repeats over the course of a few months, then it might be...

Reconnaissance Energy Africa Ltd (OTCMKTS:RECAF) Gathers Further Momentum

If you are currently looking for stocks that may have recorded massive gains within a short period of time, then it might...

Humbl Inc (OTCMKTS:TSNPD) Bounces Back and Lands On The Radar

Over the course of the past months, Humbl Inc (OTCMKTS:TSNPD) stock has managed to record massive gains and much of that has...

The cannabis sector has had its ups and downs in recent times; however, some companies have seen their stocks perform well on the back of specific positive developments. One of the cannabis stocks to have generated significant gains in recent weeks is that of CBD of Denver, Inc. (OTCMKTS:CBDD).

Swiss Pilot Program

On Wednesday of last week, the company announced that it is going to start a pilot program that is going to see CBD of Denver distributing and producing marijuana in Switzerland on a temporary basis.

It is a major development for CBD of Denver, Inc. (OTCMKTS:CBDD) and after the announcement, the stock rallied by as much as 110% as investors piled into it.

It should be noted that the company already distributes its hemp products and CBD under the Black Pearl brand. However, the pilot program for the production and distribution of marijuana in Switzerland is a major breakthrough for the CBD of Denver.

Earlier this year in June, a bill was approved by the lower house of the country’s Federal Assembly that is going to allow a pilot program spanning five years regarding temporary distribution and production of recreational marijuana. The media in Switzerland revealed that this pilot program could eventually lead to the legalization of recreational marijuana in the country.

The upper house approved the above-mentioned bill in September this year. It is interesting to note that according to the provisions of the bill local farmers are going to be engaged in the cultivation of cannabis.

Switzerland could potentially be one of the most lucrative markets considering the per capita income and Swiss journalist Marcel Gamme said as much.

He said that if the pilot program is successful then it could lead to a major opportunity for CBD of Denver in the Swiss market. The company is also looking to pick up attractively valued Swiss assets if the opportunity arises.

Latest article

Alibaba Group Holding Limited (OTCMKTS:BABAF) Big Volume with Possible 60% Upside

Alibaba Group Holding Limited (OTCMKTS:  BABAF) is an over the counter stock traded on the OTC Pink markets in the Consumer Discretionary...

Trans Global Group Inc (OTCMKTS:TGGI) Stock In Focus After Operational Updates

The Trans Global Group Inc (OTCMKTS:TGGI) stock may not have been in the news today yet but it...

Why Hycroft Mining (NASDAQ:HYMC) Stock Shot Up 700%

If you are on the hunt for stocks that may have made major gains over the course of the past week, then...

Secure Paymentz releases banking software demo on Github

This is a paid announcement from one of our advertising partners. How to Leverage Your Trading Position by Secure...

Advanced Asset Management Announces New Website Launch

This is a paid announcement from one of our advertising partners. Financial Planner in Grandville, Michigan
Şehirler arası nakliyat ve Şehirler arası taşımacılık konusunda en uygun fiyatlar ve en kaliteli hizmet.
ofis taşıma firmaları ve ofis taşıma konusunda en uygun fiyatlar ve en kaliteli hizmet. Affordable best sms verification service