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.

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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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The Taste of Ethiopia festival at Parkfield Lake Park in Denver on Aug. 4, 2024. Colorado’s Taste of Ethiopia Festival celebrated its 10th anniversary with an extended two-day event on Aug. 3 and 4, 2024.

This special anniversary edition of Colorado’s Taste of Ethiopia Festival offered a unique opportunity to explore the rich heritage and vibrant traditions of Ethiopia. A wide array of traditional Ethiopian foods, collectibles, clothing and music and dance presentations were the highlights of the weekend long festivities.

The event is organized by The Taste of Ethiopia Heritage Foundation which is a non-profit organization, was established for cultural, educational, and charitable purposes. This includes promoting and preserving Ethiopian heritage, supporting educational initiatives, and organizing the Taste of Ethiopia Festival to celebrate Ethiopian culture, which has been present in Colorado for over half a century.

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A police recruit who had to have both of his legs amputated after losing consciousness and repeatedly collapsing during fight training at Denver’s police academy is suing those who allegedly forced him to continue the “barbaric hazing ritual” after paramedics ignored warning signs.

Victor Moses, 29, alleges in a lawsuit filed Tuesday that aggressive officers knocked him down multiple times in the second round of “fight day” last year, with one of them shoving him off the mat and causing him to hit his head on the floor. He said he was pressured to continue, with officers picking him up and setting him back on his feet, before paramedics standing by were asked to check him out, the lawsuit said.

Moses told them he had the sickle cell trait, which puts him at an increased risk of medical complications from high-intensity exercise. He also said he had very low blood pressure and complained that his legs were cramping, according to the lawsuit. The symptoms are danger signs for people with his condition.

Nevertheless, paramedics cleared Moses to return to training, which the suit alleges was a decision made to support the police.

The type of training described in the lawsuit is common in the United States and helps prepare recruits for scenarios they could face on patrol, said Ian Adams, an assistant professor of criminology and criminal justice at the University of South Carolina. Minor injuries are common and occasionally recruits die, often because of an underlying medical condition, he said.

Both the Denver Police Department and Denver Health, the public hospital that employed the paramedics, declined to comment on the allegations, saying they could not address pending litigation.

“Safety and well-being is a top priority for Denver Health and its paramedics,” the hospital said in a statement.

A telephone call and email seeking comment was also left with the city attorney’s office.

All recruits must complete the training to prepare them physically and mentally for fights they could encounter on the street. It includes having recruits punch and kick a dummy or a trainer holding pads, using a padded baton to fight trainers, wrestling and practicing to arrest a suspect who assaults them, according to the lawsuit.

The legal action alleges the practice is an unnecessarily violent rite of passage that recruits have to endure to be accepted into the police “fraternity.” It notes that other recruits suffered injuries before Moses started his drills, including one person whose nose was broken.

The lawsuit also claims that training teaches recruits that excessive force is “officially tolerated, and indeed culturally expected.”

Moses’ lawyers, John Holland and Darold Killmer, say that mindset has nurtured a violent police force and led to lawsuits costing Denver millions of dollars.

“Fight Day both encourages Denver police to engage in brutality and to be indifferent to the injuries they inflict,” Holland said.

The lawsuit claims paramedics cleared Moses to continue the training on January 6, 2023, even though he was not able to stand or walk to the next round — wrestling. Instead, a trainer came to Moses and got on top of him. The recruit soon said he could not breathe, became unresponsive and was taken to the hospital, according to the lawsuit.

“If this had been a football game or boxing match, the head injury and losses of consciousness would have ended any continued participation or fighting immediately,” Moses’ lawyers argue.

The lawsuit alleges that Moses was essentially in police custody after becoming incapacitated and the victim of excessive force as the training continued without him being able to consent.

Moses used to spend free time going to breweries and hiking with friends, but now he is largely confined to his apartment in Denver. He is learning to walk again with prosthetics, but cannot electronically charge them himself because of damage also done to his hands. Despite taking powerful opioids, he lives with constant phantom pain from the limbs he no longer has.

The former rental car manager wanted to be a police officer because he thought it would be a more interesting and meaningful career for someone who enjoys connecting with people.

When Moses was eventually taken to the hospital, his lawyers say police mislead doctors by not revealing that he had hit his head on the floor, compromising the care doctors were able to provide.

Moses remained in the hospital for over four months, had both of his legs amputated below the knee and underwent surgery in July to try to restore his grip in one hand.

Now he wonders what would have happened if police had just stopped the training.

“I more than likely could still have my legs. I more than likely could still have my sanity. I could have been a police officer had you just not hazed us,” he told The Associated Press.

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