CBD of Denver (OTCMKTS:CBDD) Stock Gains Momentum: Here is Why

On Thursday, CBD of Denver (OTCMKTS:CBDD) came into focus after it made an announcement with regards to Libra 9, its subsidiary unit and its novel product The Magic Lappen. The update was with regards to the efforts that were being made by the subsidiary and the product to make an entry into the hospitality industry.

Trading Data

On Thursday, CBDD stock surged 25% to $0.0005 with 137.03 million shares, compared to volume of 21.32 million shares. The stock moved within a range of $0.0003 – 0.0005 after opening trade at $0.0005.

CBD of Denver (CBDD) Provides Updates on Placing the Product into the Hospitality Industry

CBD of Denver is one of the leading distributors of nanotechnology, CBD, cannabis and hemp oil in the lucrative European and Swiss markets. The company is committed to conquering new markets and introducing its products in those.

In this regard, it was further announced that it had made presentations with regards to the product to a number of well-known hotels in the Berlin area. Those hotels include H10 Hotels, Intercontinental, Waldorf Astoria and Soho House. It was further noted that its marketing strategy had been successful at all the hotels that the company had approached.

Initial orders had been placed by those hotels for the purpose of testing The Magic Lappen product. However, that is not all. One of the hotels may have been impressed with the anti-slip product and had sought an appointment with Libra 9 for a follow-up meeting.