Geometry Dash APK Hill Climb Racing APK
30.6 F
New York
Tuesday, November 30, 2021

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

Must read

Green Thumb Industries Inc (OTCMKTS:GTBIF) Trades Near All-Time High: What Next?

After having been in the dumps for more than a year, the cannabis sector has managed to make a remarkable comeback. Investors...

VIVO Cannabis Inc (OTCMKTS:VVCIF) Stock Turns Volatile: Uptrend in Jeopardy

Anyone watching the market knows the cannabis sector has been booming again. Since the start of the year, the cannabis sector has...

Auxly Cannabis Group Inc (OTCMKTS:CBWTF) Attempts To Recover After The Recent Move

Among the many sectors that have made a comeback in the stock markets this year, the comeback made by the cannabis sector...

Artificial Intelligence Technology Solutions (OTCMKTS:AITX) Looks RAD: Extends Rally

The artificial intelligence space has grown at a highly impressive rate over the past few years and nowadays, investors are increasingly looking...

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

88 Energy Ltd (OTCMKTS:EEENF) Stock Surges 40% But Can’t Hold Gains

The oil and gas company 88 Energy Ltd (OTCMKTS:EEENF) seems to have come back on to the radars of investors over the...

Net Savings Link Inc (OTCMKTS:NSAV) Stock is Getting Pummeled Again

Nowadays there are plenty of options for investors when it comes to making investments in the cryptocurrency and...

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.

Dark Pulse Inc (OTCMKTS:DPLS) Stock Moves in a Range After The Big Rally

The laser sensing system company Dark Pulse Inc (OTCMKTS:DPLS) has emerged as one of the major gainers over the course of the...

Halberd Corporation (OTCMKTS:HALB) Stock Doubles After ‘Proof of Concept’ News

Investors are always on the lookout for stocks which managed to record handsome gains over a short of period of time and...
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