Nov. 11 at 8:21 PM
$CBDD CBD of Denver is still in business and actively operating, though it has made significant strategic shifts in its business model.
Recent news reports from early and late 2024, as well as early 2025, confirm the following about the company's status:
Operational: The company announced Q2 2024 revenue of over
$1 million, a 37.4% increase from the previous year, and reported positive operating income in 2024.
Strategic Pivot: It has withdrawn from the German cannabis market due to regulatory uncertainties and is now focusing on acquiring profitable assets in other industries, including an expansion into the tech sector with an emphasis on digital payments and blockchain solutions.
While some other companies in the broader cannabis industry have faced bankruptcy challenges due to the complex legal landscape, CBD of Denver's recent financial reports and strategic changes indicate that it is an ongoing business.