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CBD of Denver Announces Q2 Revenue and Provides Update on German Market

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CBD of Denver Announces Q2 Revenue and Provides Update on German Market


Denver, Colorado–(Newsfile Corp. – August 5, 2024) – CBD of Denver, Inc. (OTC Pink: CBDD) today announced that revenue for Q2 2024 is estimated to be approximately $1,030,000 compared to $720,000 for Q2 2023. Revenue from Libra 9 is not included, as the Company continues the process of unwinding the transaction.

The German market is evolving as all federal states are progressing with their individual application and licensing programs for Cannabis Clubs. Luxora is in ongoing discussions to explore opportunities for its grow infrastructure solutions but has not yet received official confirmation from any federal state to approve its business model. Lower Saxony is the first and only state in Germany to have decided on applications for the approval of cannabis cultivation clubs, with seven applications approved and five rejected. A total of 20 applications have been submitted, making it the third highest in the country after North Rhine-Westphalia with 37 and Baden-Württemberg with 35. The pace of applications illustrates the high hurdles that clubs must overcome based on the individual federal states’ application frameworks and the recent amendments to the cannabis law, which make it much more difficult to start a club. The company continues to explore the opportunity in the German market and is actively engaged with the responsible authorities to achieve legislative clarity.

Following a thorough assessment of its wholesale business unit, the company found that it was not meeting its anticipated profit margins. However, the company continues to operate in the wholesale business and is still experiencing growth. The Company continues to review new opportunities with the goal of identifying businesses with higher margins to build recurring revenue.

In a significant development, Luxora has received positive engagement in Berlin regarding a Near-Infrared (NIR) device used for cannabis testing. The company is following up on leads from over 50 interested parties in Germany. In the coming weeks, Luxora will be making sales presentations to these potential clients. If proven sustainable, this initiative has the potential to provide higher-margin sales based on a markup on the device as well as recurring revenues based on the SaaS (Software as a Service) model, which is sold alongside the hardware device. The company is testing the viability of the business model before deciding on a specific direction.

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Luxora remains committed to exploring a wide array of opportunities within the cannabis sector, including advancements in technology, medical applications, and other innovative areas with strong growth potential. The company’s proactive approach aims to leverage its expertise and market presence to drive growth and value for its shareholders.

About CBD of Denver, Inc.

CBD of Denver, Inc. is focused on acquiring profitable assets at attractive valuations to create value for shareholders. The company’s team is dedicated to sourcing high-margin, innovative products that align with its values.

About LUXORA Inc.

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LUXORA Inc. is a trailblazing entity in the European cannabis industry, with offices spanning the USA and Europe. Our core expertise revolves around unlocking the potential of the legalized cannabis market, offering infrastructure solutions and consulting tailored to the dynamic needs of this rapidly expanding sector. With a profound understanding of the opportunities and challenges brought forth by legalization, our experienced team is dedicated to pioneering the future of the legal cannabis market in Europe. Our offerings range from consulting and market research to product development and distribution solutions, aimed at simplifying the path to legalization for our esteemed clients.

For inquiries, please contact Investor Relations: investors@luxora-holding.com

For more information, please visit: www.luxora-holding.com

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/218811



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Denver, CO

Jazz List 8 Players on Injury Report vs. Nuggets

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Jazz List 8 Players on Injury Report vs. Nuggets


The Utah Jazz and Denver Nuggets are tipping off their second-to-last meeting of the 2025-26 season on Friday in the Mile High, where for the Jazz in particular, they’ll be dealing with several injuries headed into the matchup that’ll make them shorthanded once again. 

Here’s what to expect on the injury front for both the Jazz and Nuggets on Friday night:

Utah Jazz Injury Report

OUT – Isaiah Collier (hamstring)

OUT – Keyonte George (hamstring)

OUT – Jaren Jackson Jr. (knee)

OUT – Walker Kessler (shoulder)

OUT – Lauri Markkanen (hip)

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OUT – Jusuf Nurkic (nose)

PROBABLE – Kyle Filipowski (illness)

OUT – Blake Hinson (two-way)

It’s a lot of the same for the Jazz when looking back at some of their recent injury reports, but there’s also some good news to note as well.

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Second-year big man Kyle Filipowski, specifically, is trending up to play in Denver after dealing with an illness against the Washington Wizards; an issue that kept him sidelined for one game and left the Jazz’s frontcourt notably shorthanded for what would be a double-digit loss.

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During his post-All-Star stretch, Filipowski has been averaging 13.2 points, 8.8 rebounds, 4.2 assists, along with 1.2 steals and 0.9 blocks through 11 games.

He’s slotted in primarily as the Jazz’s starting center since both Walker Kessler and Jusuf Nurkic have been out with season-ending injuries, and has shown some nice flashes throughout.

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Mar 23, 2026; Salt Lake City, Utah, USA; Utah Jazz center Kyle Filipowski (22) controls the ball during the first quarter against the Toronto Raptors at Delta Center. Mandatory Credit: Chris Nicoll-Imagn Images | Chris Nicoll-Imagn Images

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However, outside of getting Filipowski back in the mix, the Jazz will still be without second-year guard Isaiah Collier, who continues to deal with hamstring soreness, and will also continue to be down Keyonte George and Lauri Markkanen with their extended absences.

It remains to be seen if any of the latter two will be able to return at some point this season, but now with less than 10 games to go on the calendar before the offseason officially hits, the chances of either Markkanen or George coming back keep getting slimmer and slimmer.

For the extent either remains out, expect to see a good chunk of Ace Bailey being the primary scoring option as he has through his recent slate of games, along with an expanded role for their two-way and 10-day players down the bench who have gotten more minutes in recent weeks.

Denver Nuggets Injury Report

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OUT – David Roddy (two-way)

OUT – KJ Simpson (two-way)

As for the Nuggets, their injury slate remains clean. The only names out will be a pair of their two way signings in David Roddy and KJ Simpsons, while the rest of their roster is slated to be active.

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It’s a major change from what the Nuggets have been used to all season when factoring in their several injuries to key players lasting multiple weeks.

Nikola Jokic, Cameron Johnson, Christian Braun, Aaron Gordon, and Peyton Watson have all missed significant time at one point or another this season, but against Utah, they’ll have all systems go as they roll into the game on a three-game win streak.

Tip-off between the Jazz and Nuggets lands at 7 p.m. MT in Ball Arena.



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‘The math just doesn’t work’: Little India to close in West Highland

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‘The math just doesn’t work’: Little India to close in West Highland


Little India will close its West Highland location in the coming months, owner Simeran Baidwan told BusinessDen.

It marks the end of a five-year run at the corner of 32nd Avenue and Lowell Street for the local Indian chain.

“We opened to preserve jobs because we didn’t have enough revenue,” he said of the pandemic days when restaurants were struggling.

The 3496 W. 32nd Ave. store helped keep dozens of chefs and servers in Baidwan’s “Little India family,” he said. Those workers will now have the opportunity to work at his other restaurants.

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“Five years later, the question isn’t whether people love the food,” he continued. “It’s whether independent restaurants can survive the compounding pressures and expenses, especially in Denver.”

Baidwan, who opened the first and still-running Little India at Sixth and Grant alongside his parents in 1998, singled out rising minimum wage, insurance, delivery fees and credit card processing fees as factors contributing to the closure.

“I think what it is, is a Denver restaurant industry story, it’s not just our one restaurant story,” he said. “I think what’s happened, in this day and time, is that life has become really expensive. There’s no margins. The math just doesn’t work.”

Being in the Highlands was also a factor, Baidwan said. The desirable location comes with high rent as well as skyrocketing property taxes he’s been responsible for. Add in dwindling consumer spending and Baidwan said his hand was forced.

“Busy doesn’t always mean profitable,” he said. “A lot of people look through the window and assume the restaurant is good, and we have the several locations too. But it just isn’t like that anymore.”

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Baidwan said there’s no plan to close his three other locations, in Cap Hill, Central Park and off Downing Street near the University of Denver. But that doesn’t mean he hasn’t been making tweaks.

At the original store off Sixth, he started operating 24/7 about eight months ago, something he’s thinking about for his other neighborhood restaurants. He’s also added entertainment, like jazz music and dancing, to help get more customers through the door.

Baidwan himself has also returned to the floor as a server — the first job he had at his parent’s store. But having the owner-operator model is difficult for his sprawling Little India empire since he can only be in so many places at once.



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How Denver’s Ballpark District now has ties to Chicago’s Wrigleyville

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How Denver’s Ballpark District now has ties to Chicago’s Wrigleyville


DENVER — A new Rockies season is on deck, with the team’s first game of the 2026 campaign set for Friday night in Miami. The home opener is next Friday at Coors Field.

It’s also a new season for the Ballpark neighborhood’s General Improvement District (GID) and its street ambassadors.

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Those ambassadors, dressed in maroon shirts and jackets, patrol the streets around Coors Field and the Ballpark neighborhood. They are tasked with helping with cleaning, maintenance, security, outreach to those experiencing homelessness, and general hospitality for neighbors and visitors.

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How Denver’s Ballpark District now has ties to Chicago’s Wrigleyville

This week, Denver7 spoke with Kate McKenna, who stepped in as the GID’s executive director last summer. McKenna said while she works in the office, the district has six full-time ambassador employees through programming partner block by block. She said the team patrols the area year-round, but adds staffing for big events like St. Patrick’s Day and Rockies home games.

McKenna comes to Denver from a similar role in Wrigleyville, the iconic neighborhood outside Wrigley Field in Chicago. She said that serves as a source of inspiration for the future, but adds that Denver’s ballpark neighborhood has its own unique advantages.

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“All of our businesses are independently-owned and operated,” McKenna told Denver7. “There is no chain, there is no commercial sort of large entity here in Ballpark that you’re going to see… To have a true small, hyper-local-owned economy is what really sets this district apart, both in Denver and then nationwide.”

Even after the Rockies set a franchise record with 119 losses in 2025, McKenna said the on-field product does not make the District’s job harder.

“I like to think win or lose, they’re the best neighbor you could possibly have, regardless of their season,” McKenna said. “They continually have one of the highest attendance rates for home games, as well as walk-up ticket sales.

McKenna said there continues to be good conversations between the district and local businesses. Property owners pay a fee based on property value that goes into the GID’s annual budget.

“Folks are coming out. Folks are patronizing local businesses. They’re bringing their families down here, and they’re enjoying their time, which is all you can really ask for in terms of community… Bringing people together is at the core of what we’re doing here.”

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Denver7 | Your Voice: Get in touch with Ryan Fish

Denver7’s Ryan Fish covers stories that have an impact in all of Colorado’s communities, but specializes in covering artificial intelligence, technology, aviation and space. If you’d like to get in touch with Ryan, fill out the form below to send him an email.





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