DENVER, Jan. 9, 2020 /PRNewswire/ — CBD of Denver, Inc. (OTC:CBDD), a full-line CBD / Hemp oil company („CBDD”) that sells its Black Pearl CBD products to retail users, announced today that its has signed a letter of intent with I’M Canabiz, AG with regards to an acquisition.
I’M Canabiz, AG is a privately held company incorporated under the laws of Switzerland. It controls a cannabis farm in Switzerland and is looking to acquire a Swiss-based hemp farm. Both cannabis and hemp are legal to grow and sell in Switzerland.
CBDD’s CEO, Nicholas Sprung, said „We are diligently working on a definitive agreement and will keep investors informed of our progress. We have agreed to basic terms, and we are excited to work with a Swiss entity that is knowledgeable about our product and that has significantly greater financial resources than CBDD.”
CBDD also reported that its website www.cbdsocialnetwork.com continues to experience an increase in new users and has been contacted by numerous companies interested in possible advertising space.
CBD of Denver, Inc. is working hard to bring you one of the finest CBD and Hemp extract products available in the marketplace today. We plan to continue to develop new and exciting products.
CBD of Denver, Inc. is developing a unique brand of innovative CBD products and CBD social networking websites. The company’s website www.blackpearlcbd.com offers all of the company’s branded Black Pearl CBD / Hemp Products. Some of the company’s new products include a Lip balm with 25% CBD, Reef Friendly Sunscreen with CBD, and 4 New Flavored Tinctures. The site offers reduced pricing and free shipping. All of our products are made with 100% organic, full spectrum CBD and Hemp oil containing 0% THC.
The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation publicly about update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
SOURCE CBD of Denver, Inc.