Full-line CBD and hemp oil company and producer of cannabis in Europe, Switzerland and US, CBD of Denver (OTCMKTS:CBDD) on July 21 announced generation of $2.10 million in revenue in June, an increase of 378% vis-à-vis June 2020’s $0.55 million
The firm delivered a staggering 2,122 kg of CBD products to the clients as compared to 876 kg in June 2020, a surge of over 242%. On the other hand, the gross profit generated in June 2021 was up by 282% to reach $158,370 in June 2021.
Marcel Gamma, CEO of CBD of Denver, said that the performance shows amazing growth of the firm in just a year and that it continues to work on its margins of the products sold resulting in positive effect on its profitability.
CBD of Denver CEO will also present at the “Business Event for the Global Hemp Industry,” the International Hemp Summit 2021 focusing on trends in the industry. Showcasing academics, industry experts as well as entrepreneurs engaged in hemp cultivation as well as commercial enterprise, the conference will aim to identify and accelerate innovative companies and create synergies for the global hemp ecosystem.
Gamma will focus on “The Cannabis Market in Switzerland and Europe – A Unique Opportunity” during the presentation and also the role of CBD of Denver as a key player in the market. Some of the well-known personalities from industry including Joy Beckerman, Board of Directors, US Hemp Roundtable, Chairman – National Hemp Association Geoffrey Whaling as well as LorenzaRomanese, Managing Director, European Industrial Hemp Association will be at the roundtable.