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CBD of Denver Comments on Progress of Cannabis Legalization Efforts in Switzerland

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Denver, Colorado--(Newsfile Corp. - October 21, 2021) - CBD of Denver, Inc. (OTC Pink: CBDD), a full-line CBD and hemp oil company and a producer and distributor of cannabis and CBD products in Switzerland and Europe, comments on Switzerland's Commission for Social Security and Health of the Council of States' (SGK-S) nine to two vote in favor of cannabis legalization. Switzerland's National Council Commission (SGK-N) previously voted in favor of cannabis legalization with a vote of 13 to 11 in April 2021.

"Once again, the Swiss government is sending a clear signal of its support of cannabis legalization," commented Marcel Gamma, CEO of CBD of Denver. "This latest step forward further confirms our strategy to make Switzerland a cornerstone of our growing European operations as the country moves toward playing a leading role in legalization in Europe."

According to proponents of legalization, the current prohibition of cannabis, first established in 1951, is not based on current scientific arguments. The moral and legal inconsistency in relation to the known harmfulness of tobacco and alcohol, which are freely available across the country, has become increasingly unjustifiable, according to Heinz Siegenthaler, a member of the Bernese National Council who launched the new regulation initiative.

Earlier this year, the Swiss government drafted regulations to establish a regulated adult-use market designed to gather scientific data related to the socio-economic effects of legalization.

CBD of Denver is further strengthening its Swiss operations and is also in the application process for participation in the city of Zurich's pilot program for the legal dispensing of cannabis with more than 1% THC content. Additionally, there have been steps initiated to further expand the Company's presence in Europe by opening dedicated subsidiaries of Rockflowr in cannabis "hotspots" across the continent.

Follow CBDD on Instagram: @CBDofDenver_Inc @Rockflowr @RockflowrRetail

CBD of Denver, Inc., Rockflowr GmbH and Swiss Industry Ventures AG are now also on LinkedIn.

About CBD of Denver, Inc.

CBD of Denver, Inc. (OTC Pink: CBDD) a full-line CBD and Hemp oil company ("CBDD") and a producer and distributor of Cannabis and CBD products in Switzerland, Europe and the US. CBDD is focused on using equity to acquire profitable Swiss assets at attractive valuations to create value for all our shareholders driven by a passion to improve lives and strengthen communities by unleashing the full potential of cannabis.

Through our brand Rockflowr and BlackPearlCBD we reach our consumers and have built up a strong customer base by focusing on top quality products and meaningful customer relationships.

Black Pearl CBD has 0% THC but is not an Isolate where the THC is stripped from the product rendering it ineffective. We use a proprietary technique adding terpenes as the activation ingredient, resulting in a product that is the finest in the industry and only available at www.cbdofdenver.com.

Information contained herein includes forward-looking statements. These statements relate to future events or future financial performance, involving known and unknown risks and you should not place undue reliance on these statements. Any forward-looking statement reflects our current views with respect to future events. We assume no obligation publicly about update or revise these forward-looking statements for any reason.

Contacts:

Investor Relations
investors@cbdofdenver.com

Marcel Gamma
marcel@cbdofdenver.com

Todd McKnight
RedChip Companies
1-800-733-2447
todd@redchip.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/100453

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