The Denver Broncos are making a surprise move on Monday morning, as they get ready to release safety Caden Sterns, according to NFL Network.

The 2021 fifth-round pick had a chance to start alongside Brandon Jones at safety and at the very least be the first backup behind Jones and P.J. Locke. Now Denver will move on without the former Texas Longhorn. This seemingly gives the job to Locke.

Sterns had a solid rookie season back in 2021 but has been limited by injuries since. He suffered a d a torn patellar tendon in Week 1 of 2023, and began this training camp on the physically unable to perform list—but had recently rejoined the action.

Locke along with JL Skinner and Delarrin Turner-Yell will no doubt have bigger roles as the Broncos work to replace a group that had been led by Justin Simmons for so long. That veteran was cut earlier in the offseason.

More cuts are coming at Dove Valley with the Broncos having until Aug. 27 to get from 90 men to 53.

The #Broncos have informed safety Caden Sterns of their plans to release him, per source.

A fifth-round pick of the Broncos in 2021, Sterns flashed potential during three seasons in Denver and should have options around the league.

— Tom Pelissero (@TomPelissero) August 5, 2024

Given the report of league interest and George Paton’s past, the Broncos may actually end up trading Sterns for minor draft positioning—it’s happened a few times recently. Speaking of Paton’s past, Sterns is just another draft pick that didn’t stick in Denver.

Broncos will release safety Caden Sterns if they can’t work out a trade today, source confirms. (Release first by @TomPelissero). Sterns was on pace to be a starter as early as 2022 but back to back season-ending injuries (hip then knee) curtailed his progress. #9sports

— MikeKlis9NEWS (@mikeklis9news) August 5, 2024

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

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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