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
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/218811
Denver, CO
Victor Marx wins GOP primary for Colorado governor, defeating veteran lawmaker after unorthodox campaign
Victor Marx, a first-time candidate and nonprofit leader with a controversial personal history that’s drawn intense scrutiny, has edged out his more establishment opponent and will be Colorado Republicans’ gubernatorial nominee in November.
The Associated Press called the race for Marx late Thursday afternoon, nearly nine days after polls closed. He led the runner-up, state Sen. Barb Kirkmeyer, 39.9% to 39.4%, with 99% of ballots counted, according to the AP.
Marx had taken his first narrow lead over Kirkmeyer the day after the June 30 primary, and though the race remained close, he never lost the advantage. While outstanding deficient and overseas ballots helped delay a final call on the race, those votes only served to expand Marx’s margin. He led by 2,524 votes at 5:30 p.m. Thursday, out of about 522,000 ballots cast.
State Rep. Scott Bottoms was a distant third, with 20.8% of the vote.
A veteran lawmaker and former Weld County commissioner, Kirkmeyer had jumped to an early advantage on the strength of early ballot returns. But as votes returned on Election Day began to filter in, her lead thinned and collapsed. Within 48 hours of polls closing, and with few ballots left to count in Kirkmeyer’s Front Range strongholds, her path to retake the lead had all but vanished.
Marx will next face Democratic Attorney General Phil Weiser in November. No Republican has been elected to the governor’s office in more than 20 years. Four months out, Weiser appears to be heavily favored to continue Democrats’ electoral dominance.
In an email to supporters after the race was called, Marx said he was humbled to be the nominee and that the victory was “the starting line.”
“My team and I have put together this special message that I want every Coloradan to hear — Republicans, independents, unaffiliated voters, and Democrats who are open to a better way,” he said. “Because what we’re building now is bigger than a primary victory.”
In a video, he appealed to Coloradans who are frustrated with the status quo and don’t think things can change — citing his victory as proof they can.
“Now Phil Weiser, he’s a smart fella — but he represents the current system, because he is part of it,” Marx said. “And that current system has made Colorado more expensive, less safe and harder for regular families to trust government.”
In a separate statement, Kirkmeyer said she was proud of the race that she had run and the “clear vision” she had laid out for the Republican Party here.
“While we came up short in what appears to be the closest Republican gubernatorial primary in Colorado history, I’m grateful for every voter who placed their trust in us,” she wrote.
Echoing the pledge she’d made before Election Day, she pointedly did not endorse Marx. She said only that she hoped voters “choose the path that is best for Colorado” in November.
Kirkmeyer also threw a final jab at Marx, who declined in late May to tell 9News how many people he’d killed as an adult.
Kirkmeyer wrote that, “for the record, I still haven’t killed anyone.”
First-time candidate shrugged off questions
Marx’s primary win is a remarkable result for the embattled Colorado GOP and for Marx, a former Marine, martial arts instructor and nonprofit leader whose extensive and much-scrutinized personal history had drawn national headlines. It’s also attracted sharp criticism from other Republicans.
In his video, Marx appealed to Republican primary voters, saying there was room in his campaign for those who supported his opponents.
Marx had entered the fray last fall with no political profile and no experience as a political candidate. But by the time voters began receiving ballots last month, he’d ridden an atypical — if thoroughly modern — campaign to fundraising dominance and front-runner status.
Kirkmeyer’s support largely flowed from northern Front Range counties, nudging her ahead initially. But Marx picked up bigger margins among Election Day voters — meaning those more conservative voters skeptical of mail-in balloting.
He also won ruby-red El Paso County while racking up smaller wins in rural counties and grabbing enough in the Front Range to edge Kirkmeyer.
Map: Where did the votes come from in the Colorado primary races for governor?
In a pitch reminiscent of President Donald Trump, the arch-dealmaker, Marx has cast himself as a solutions-focused negotiator disinterested in partisan squabbles. In 2003, he founded All Things Possible Ministries, a Christian nonprofit that has provided stuffed animals and trauma support to people. It has also done work in conflict areas in Syria and Iraq, where Marx primarily worked away from the front lines as a funder and facilitator.
By 2024, the nonprofit’s annual revenue had surpassed $7.5 million, and Marx has said the group — from which he has resigned — now primarily works to help law enforcement.
Despite his outsider status, Marx was considered the likely winner in the weeks before Election Day. His narrow victory, then, came as something of a surprise, and, on election night, he speculated that Bottoms — a conservative pastor from Colorado Springs — had pulled votes from him. In El Paso County, Bottoms earned more than 20,000 votes, or 24% of the county’s Republican total.
Though Marx out-raised and out-spent both Kirkmeyer and Bottoms, it was Kirkmeyer who had been perceived as the expected nominee when she entered the race last year. Marx had never run for office before, and the stories he’s told about his life — that he’d killed a man at age 7, been involved in “high-risk humanitarian” operations across the globe and could free people from demonic possession — drew intense scrutiny and national punchlines.
But he repeatedly shrugged off questions about his background and said he stood by all that he had said and written.
Through his personality-heavy, direct-to-voter campaign, he encouraged Colorado Republicans to shrug it off, too. He spent heavily on direct mailers, which provided a boost to both his fundraising and name recognition.
Marx eschewed policy discussions and skipped nearly every debate. When he did participate in one, he spent part of the event leaning on the lectern, with his dog at his feet. Rather than deliver a closing statement, he prayed.

Campaigning his own way
Though he leaned into his outsider status, the aw-shucks appeal belied a careful campaign shaped by Marx’s emergence from a political environment forged by Trump: He skipped one debate after a moderator pressed him about his background, and he held a rally instead; his campaign later highlighted how many more people attended the rally than the debate.
His media operation was led by a former Turning Points USA staffer, and his campaign touted its social media posts’ views at Marx’s watch party last week. He was comfortable as a podcast guest, regularly released videos of himself and repeatedly assured voters that he was no politician.
Though Marx had little backing — or trust — from institutional Republican forces, the PAC that supported his campaign was established by a former senior official from Gov. Bill Owens’ administration. Marx also was endorsed by U.S. Rep. Lauren Boebert, the most nationally visible Colorado Republican.
His approach proved to be enough for Colorado Republicans to back him. But his next task will be far harder.
In November, he will face a surging Weiser, who last week dismantled U.S. Sen. Michael Bennet on his way to the Democratic nomination. Weiser proved an adept fundraiser and campaigner with statewide appeal, and he will look to lead a restless Democratic base that elected progressive candidates up and down the ballot.
In a statement Thursday, Weiser said Marx’s “views and style are far out of step with Coloradans, and his nomination for governor is a threat to our state’s values and our future.”
Republicans’ last statewide win was in a University of Colorado at-large regent’s race in 2016. The state GOP has had four elected party chairs since the last Republican gubernatorial bid in 2022, which ended with a culture war-focused Heidi Ganahl — who had won that at-large regent seat — losing by nearly 20 percentage points to Gov. Jared Polis.
Simultaneously, Marx may also have to contend with an independent candidacy from Greg Lopez, a former Republican congressman and gubernatorial candidate who is gathering signatures to make the fall ballot.
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Denver, CO
Santa Fe Drive in Denver closed this weekend for pedestrian bridge construction
If you use Santa Fe Drive as a part of your daily commute, you will notice full closures this weekend on a popular section, from Florida Avenue to Evans Avenue, for the installation of a pedestrian bridge.
Once the 370-foot pedestrian bridge is completed, it will connect the east and west portions of Denver’s Overland neighborhood. This bridge will be used by pedestrians and bicyclists.
The Denver Department of Transportation and Infrastructure says this closure is needed to keep the traveling public safe. Large cranes will be used to set the two spans in place. Each one weighs about 215,000 pounds and is 180 feet long.
Once the bridge is completed in 2027, it will create a safer connection for pedestrians and bicyclists. It will link neighborhoods to trails, transit, parks, and local businesses without requiring residents to cross heavy traffic.
“Our neighborhood is quartered by transportation routes, so having a safe pedestrian bridge that can take people from one side to the other is an amazing development that neighbors have been asking for for years,” Jenn Greiving, President, Overland Park Neighborhood Association, said.
The Santa Fe Drive closure will begin at midnight on Saturday, July 11, and end on Monday, July 13, at 5 a.m. There will be detours in place. This includes:
- Southbound Santa Fe Drive Detour: Traffic will be routed to Platte River Drive to reenter southbound Santa Fe Drive at the West Evans Avenue on-ramp.
- Northbound Santa Fe Drive Detour: Access to northbound Santa Fe Drive will be at Mississippi Avenue via South Broadway Street.
- On-Ramp Closure: The West Evans Avenue on-ramp to northbound Santa Fe Drive will close at noon on Friday, July 10, to prepare for the full weekend closure and will remain closed until 5 a.m. on Monday, July 13. Traffic will be detoured to South Broadway Street to re-enter northbound Santa Fe Drive via Mississippi Avenue.
- Off-Ramp Closure: The southbound Santa Fe Drive off-ramp to West Evans Avenue will close for the full weekend period and remain closed until Friday, Sept. 11, while crews build new sidewalks and perform other concrete work at the southwest corner of the project. Detours will be posted to West Florida Avenue, West Dartmouth Avenue or West Hampden Avenue to bypass the ramp closure
During this closure, DOTI will reopen the underpass on Iowa Avenue. This is a new ADA accessible pathway that will be available between Santa Fe Drive and Acoma Street.
Denver, CO
Denver officers cited for separate incidents, 1 fired
DENVER (KDVR) — Two officers, one now formerly of the Denver Police Department, face multiple charges relating to separate incidents in the past two months.
According to a release, now-former Denver Police Officer Gabriel Lucero was issued a citation for third-degree assault, official misconduct and false reporting, while Officer Javon Leach was cited for reckless driving and eluding.
The incident involving Lucero reportedly occurred on May 22 just before 1 a.m. in the 500 block of 16th Street. According to a release, Lucero was involved in an assault at a business, as he allegedly assaulted a person and walked away as others continued to assault the victim.
Security guards and an off-duty officer escorted him and the group out; however, Lucero reportedly identified himself as a Denver police officer and attempted to re-enter by using his police badge.
Lucero reportedly provided a false name without any other information, and further investigation verified Lucero as the person involved. Lucero was hired in 2025 and, due to his current probationary status, was fired as of Wednesday.
The incident involving Leach occurred around 1:41 a.m. on June 21, when Leach was reportedly pulling out of a parking lot on Larimer Street, attempting to drive against traffic.
Leach reportedly refused commands to stop as he left the area. Officials said he was found just seven minutes later, traveling at high speeds northbound on Park Avenue West.
He reportedly fled a traffic stop and continued to drive away, and officials deemed Leach to be the suspect following an investigation. He was placed in an off-line assignment while the case progresses, as they are considered misdemeanors.
“The Denver Police Department’s administrative review of Leach’s incident will begin once the criminal case is adjudicated, and that process includes the Denver Department of Safety and the Office of the Independent Monitor, a civilian oversight agency,” the release said.
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