Denver, CO
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
Follow Us: Twitter | Instagram
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/218811
Continue Reading
Denver, CO
Denver Barkey scores first career goal as Flyers take down Oilers
Item 1 of 33 Jan 3, 2026; Edmonton, Alberta, CAN; Philadelphia Flyers right winger Garnet Hathaway (19) skates on the ice during the pre game warm up as the Edmonton Oilers take on the Philadelphia Flyers before the first period at Rogers Place. Mandatory Credit: Walter Tychnowicz-Imagn Images
[1/33]Jan 3, 2026; Edmonton, Alberta, CAN; Philadelphia Flyers right winger Garnet Hathaway (19) skates on the ice during the pre game warm up as the Edmonton Oilers take on the Philadelphia Flyers before the first period at Rogers Place. Mandatory Credit: Walter Tychnowicz-Imagn Images Purchase Licensing Rights
January 3 – Denver Barkey’s first NHL tally highlighted a three-goal first period for the Philadelphia Flyers, who beat the host Edmonton Oilers 5-2 on Saturday.
Travis Sanheim and Bobby Brink also scored in the first, while Nick Seeler and Owen Tippett each posted a goal with an assist and Sean Couturier added two helpers for the Flyers, who finished a 3-2-0 road trip. Dan Vladar made 22 saves for Philadelphia, which allowed 13 Edmonton shots on goal in the first period, but just 11 the rest of the way.
Connor McDavid extended his point streak to 15 games with his 25th goal of the season and Evan Bouchard also scored for the Oilers, who have dropped two straight and three of four.
Philadelphia made its mark early in the first period. Tippett passed the puck into the slot for a streaking Barkey, who beat Oilers’ Calvin Pickard (24 saves) for his milestone goal just 7:16 into the contest.
Barkey’s marker essentially set the tempo, as the visitors made it 2-0 with 9:29 left in the first when Sanheim beat Pickard from the right circle.
Philadelphia then extended its lead a little over four minutes later when an Edmonton turnover led to the puck deflecting into the net off the heel of Brink’s skate off a shot from Cam York.
Vladar, meanwhile, was solid by stopping 12 shots in the first period. However, he couldn’t prevent McDavid from scoring on a breakaway, which came off a Sanheim turnover in the neutral zone, with 3:52 remaining before the first intermission.
The Oilers made it 3-2 on the power play with 10:06 remaining in the second period. With an assist from McDavid, Bouchard unloaded a successful slap shot from the left point to give Edmonton at least one goal on the man advantage in nine of the last 10 games.
Philadelphia found some breathing room with 10:51 remaining in regulation off Seeler’s wrister for his first goal of the season. Tippett added an empty-netter as the Flyers scored at least five goals for the third time in their last six.
McDavid, meanwhile, has 14 goals with 22 assists in the last 15 games.
–Field Level Media
Our Standards: The Thomson Reuters Trust Principles.
Denver, CO
A franchise quarterback is vital to winning division titles
You might respond to this headline with ‘and water is wet’ and I wouldn’t blame you, but I was looking over the Denver Broncos history and how often they have won a division title. In their 65 years, the Broncos have brought home 16 AFC West division titles. That’s not very many, but given their first winning season was almost 20 years into it then it doesn’t look so bad.
The other thing I noticed is that only those teams who had a franchise quarterback type player under center did they repeat often as division winners. 11 of those 16 titles were won while John Elway or Peyton Manning were quarterbacking the franchise. Craig Morton won two backed by the vaunted Orange Crush defense of the 70s, but the rest were one-off division winners like Jake Plummer and Tim Tebow. Now that latter list includes Bo Nix.
The craziest stat that I found researching this topic was that all but one Broncos team that did not win the division were one-and-done in the playoffs. The lone team that wasn’t was that 1997 Super Bowl winning squad. Every single other team that finished second or third in the division and made the playoffs did not win a game once they got there. That doesn’t have much to do with the franchise quarterback topic here, but I found this little tidbit too interesting to not share.
As for the division winners, there were plenty of one-and-done seasons there too, but all of their playoff wins sans-1997 are also there.
The question I meant to get to sooner before going off on that side quest regarding the playoff outcomes was whether or not Bo Nix joins Elway and Manning or ends up with the Plummer and Morton’s of history of pretty good but not all-time great. A few playoff wins over the next month would certainly move the needle some before adding more division titles down the road.
Denver, CO
Denver police report increase in street racing arrests and citations in 2025
DENVER — Street racing continues to pose threats to Colorado drivers, so Denver7 looked into the trends we saw throughout 2025.
Denver Police report 80 citations and arrests as of December 17 for 2025. That’s 20 more than last year, according to Doug Schepman, director of communications for the Denver Police Department (DPD).
There is one strip of road in Denver we asked Schepman about specifically, after hearing from business owners that it’s particularly troublesome.
We’re talking about the 2000 block of S. Santa Fe Drive in Denver.
Michael Gray, owner of Discount Fishing Tackle, said it’s a weekly occurrence to watch or hear cars and motorcycles zip past.
“Recently, we’ve seen the kids on the motorcycles coming by with the front wheel in the air, going just as dangerous as can be, and especially dangerous because so many other people are going so fast on this road,” Gray said.
He said he’s noticed that as more turnoffs are removed and the spacing between traffic lights gets longer, more drivers tend to use it as their personal raceway.
“It doesn’t affect us really too much, but you don’t like to have something as dangerous as that going on all the time,” he said.
Schepman said patrol districts are aware that street racing occurs along this stretch of South Santa Fe Drive, and that officers are directed to patrol the area during periods when reports are more prevalent.
He adds that the community plays a critical part in helping investigators curb this problem.
The Colorado State Patrol said it has received more than 1,700 reports from the community this year.
You can continue to report street racing here.
Denver7
Denver7 | Your Voice: Get in touch with Allie Jennerjahn
Denver7’s Allie Jennerjahn covers stories that have an impact in all of Colorado’s communities, but specializes in reporting on crime, corruption and ways to protect your family. If you’d like to get in touch with Allie, fill out the form below to send her an email.
-
Entertainment1 week agoHow the Grinch went from a Yuletide bit player to a Christmas A-lister
-
Connecticut1 week agoSnow Accumulation Estimates Increase For CT: Here Are The County-By-County Projections
-
World6 days agoHamas builds new terror regime in Gaza, recruiting teens amid problematic election
-
Indianapolis, IN1 week agoIndianapolis Colts playoffs: Updated elimination scenario, AFC standings, playoff picture for Week 17
-
Southeast1 week agoTwo attorneys vanish during Florida fishing trip as ‘heartbroken’ wife pleads for help finding them
-
World1 week agoSnoop Dogg, Lainey Wilson, Huntr/x and Andrea Bocelli Deliver Christmas-Themed Halftime Show for Netflix’s NFL Lions-Vikings Telecast
-
World1 week agoBest of 2025: Top five defining moments in the European Parliament
-
Business1 week agoGoogle is at last letting users swap out embarrassing Gmail addresses without losing their data