Denver, Colorado--(Newsfile Corp. - December 4, 2023) - CBD of Denver, Inc. (OTC Pink: CBDD), is excited to announce the launch of Luxora Real Estate AG in Switzerland. In 2024, this venture aims to raise 10 million CHF for the acquisition of commercial real estate properties in Germany. Luxora Holding AG will retain a 51% stake in this new enterprise, while the remaining 49% will be used to raise capital from investors to purchase the real estate, ensuring that CBDD's existing stock will not be diluted. To achieve this goal, Luxora will collaborate with a fundraising office in Switzerland, which will begin its efforts in December to secure the necessary funds.

Luxora Real Estate plans to acquire commercial properties and transform them into cutting-edge Indoor-Farming facilities. These revamped spaces are intended for lease to the burgeoning cannabis club scene in Germany. "We are excited about the synergies that Luxora Real Estate will bring, especially in providing rental growing infrastructure to cannabis clubs in Germany," states Jan Schwager, CEO at Luxora. "Given the dynamic nature of Germany's cannabis market and the prospects for continued investment in its commercial real estate sector, Luxora Real Estate will considerably enhance our portfolio. It will secure revenue streams within our group and contribute to sustainable, long-term value."

The company has already pinpointed the first two potential properties in the greater Berlin area, marking a promising start...