CBDD - Colorado Cannabis Company: Q1 Revenue Skyrockets 293% YoY To $1.1M Amid German Market Focus Eyeing European Expansion | Benzinga
CBD of Denver Inc. (OTCPK: CBDD) released its financial results Friday for the first quarter of 2024, showing a significant increase in revenue to $1.1 million, up from $285,779 in the same period last year. The Colorado-based cannabis company’s startling 293% year-over-year revenue growth is primarily driven by enhanced sales volume from Luxora’s wholesale division.
The company’s effective collaboration between its Swiss accounting partners and U.S.-based legal counsel has also been crucial in maintaining operational efficiency and compliance with regulatory frameworks.
Q1 2024 Financial Highlights
- Revenue was $1.1 million, a significant rise from $285,779 in the same period last year.
- Net loss was $96,657, compared to the $62,844 ...