Denver, CO

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

Published

1 year ago

August 5, 2024

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.

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.

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

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

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Related Topics:application frameworks cannabis cultivation CBD of Denver Denver Featured federal states Inc.Luxora new opportunities The Company

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Denver, CO

Broncos offensive line is the engine that drives offense

Published

6 hours ago

January 10, 2026

Press Room

Broncos offensive line is the engine that drives offense

I’ve been covering the Denver Broncos for his entire career and I remember writing up some pretty harsh criticism of his play early on — especially in regards to holding penalties. I recall at one point he was committing holding penalties at a record-breaking rate. He was so far above the rest of the field that he’d break charts if anyone tried to chart it. The best part of that saga is that he never let the outside noise (from me and many others) get to him. He worked on his craft and he got better. And then got even better to the point where it is pretty clear that he is one of the best left tackles in all of football. He is going to go down as one of the best tackles in franchise history too when its all said and done. It’s a great comeback story.

All that said, he wasn’t the only one of the Broncos players on that offensive line to make an impact with guard Quinn Meinerz also being named a PFF All-Pro player. The whole offensive line has been dominant in nearly every category and is the main engine that has driven the offenses successes this season.

4) Denver Broncos
Team OLi Grade: 83.0
Best-Ranked OL: Garett Bolles, 89.0 (7th overall, 3rd position)
Worst-Ranked OL: Alex Palczewski, 63.5 (159th overall, 61st position)

And one more to complete the picture comes from Sharp Football Analysis who has the Broncos ranked fifth-overall in their NFL Offensive Line Stats:

There is so much evidence that shows the trenches on both side of the ball is what has brought the success of the 2025 Broncos. It’s an area that Sean Payton has said in the past is always an area of focus. He knows you don’t win consistently if your team is being dominated in the trenches.

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Denver, CO

Here’s how the NFL typically handles the top seeded team’s Divisional Round schedule

Published

18 hours ago

January 9, 2026

Press Room

Here’s how the NFL typically handles the top seeded team’s Divisional Round schedule

As the number one seed in the AFC, the Denver Broncos could end up playing on either Saturday or Sunday. It all comes down to which teams win during Wild Card weekend.

Head Coach Sean Payton was asked about the potential Divisional Round schedule and he said nothing is finalized. However, the NFL has been known to follow a certain schedule that could end up with the Broncos playing on Saturday if either the Buffalo Bills or Los Angeles Chargers win on Sunday and they’d play the following Sunday only if they had to wait until Monday for the outcome of the Houston Texans and Pittsburgh Steelers game.

The other thing with that extra week off is about preparation. One of the better questions the media asked of Payton on Friday was whether or not they do more advanced scouting on potential opponents they have not yet played this season.

“Look, there are four options,” Payton said. “One is in the division. We’ve played one two years in a row—or it feels like that with Houston. Buffalo. We’ll break down kind of all four and then look at… We’ll have personnel reports on the four… You do have enough time to look at third down, look at personnel packages, study situational football. I think that’s pretty common when you look at playoff history. A lot of times, you end up with a division team sometimes in the first round. I know that’s happened a number of times over the years with me. It’s hard to gauge how these other games are going to go not having spent much time looking at New England. [We’ve] seen Jacksonville. It’s one of those where you just watch them. You’re working while you watch them. You’re working on each plan, and then you go from there.”

I came away feeling like Payton and the Broncos know two of their potential opponents fairly well. The other two will get some high level review, but nothing super deep as there just isn’t enough time. That is saved for this coming week when the opponent is finalized.

Payton and his staff have some great experience coaching in the playoffs, so this young Broncos team should be well-prepared for their football game.

Frankly, I like the idea of the Broncos getting their game out of the way early. Give Payton and his staff an extra day to begin the prep work needed for the AFC Championship game provided they come out with a win in the Divisional Round.

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Denver, CO

Denver weather: Snow tails off Friday, but morning commute could be slick

Published

1 day ago

January 9, 2026

Press Room

Denver weather: Snow tails off Friday, but morning commute could be slick

The waves of snow that fell across Denver Thursday were expected to diminish Friday morning, but the roads could be slick for commuters, a weather forecaster said. The National Weather Service in Boulder said to expect a 40% chance of snow across Denver on Friday with a high temperature reaching about 34 degrees. That’s about […]

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