Denver, Colorado – CBD of Denver, Inc. (OTC Pink: CBDD) is thrilled to announce the launch of Luxora Real Estate AG in Switzerland. This new venture aims to secure 10 million CHF in funding for the acquisition of commercial real estate properties in Germany in 2024. Luxora Holding AG will hold a majority stake of 51% in the venture, while the remaining 49% will be used to raise capital from investors. This strategic move ensures that CBDD’s existing stock will not be diluted.
Luxora Real Estate’s primary objective is to acquire commercial properties and convert them into state-of-the-art indoor-farming facilities. These revitalized spaces will be leased to the thriving cannabis club scene in Germany. The CEO of Luxora, Jan Schwager, expresses enthusiasm about the synergies that Luxora Real Estate will bring, stating, “We are excited to provide cutting-edge growing infrastructure to cannabis clubs in Germany. With the dynamic nature of Germany’s cannabis market and continued investment in the commercial real estate sector, Luxora Real Estate will significantly enhance our portfolio and contribute to long-term value.”
The company has already identified two potential properties in the greater Berlin area, marking an auspicious beginning for this endeavor. As Germany finalizes the legal framework for cannabis clubs, which will come into effect in July 2024, Luxora Real Estate is well-positioned to offer world-class infrastructure as soon as these regulations are implemented.
Frequently Asked Questions (FAQ)
1. What is Luxora Real Estate AG?
Luxora Real Estate AG is a new venture launched by CBD of Denver, Inc. that aims to acquire commercial real estate properties in Germany and transform them into cutting-edge indoor-farming facilities for lease to cannabis clubs.
2. What stake does Luxora Holding AG hold in Luxora Real Estate AG?
Luxora Holding AG retains a majority stake of 51% in Luxora Real Estate AG, ensuring control over the venture’s operations.
3. How will Luxora Real Estate AG fund its acquisitions?
To raise capital, Luxora Real Estate AG will allocate 49% of the venture’s stake to investors, allowing them to contribute to the acquisition of commercial real estate properties in Germany.
4. What are the benefits for CBD of Denver, Inc.?
By establishing Luxora Real Estate AG, CBD of Denver, Inc. ensures that its existing stock will not be diluted while expanding its portfolio and creating sustainable revenue streams in the cannabis industry.
5. Which market is Luxora Real Estate AG targeting?
Luxora Real Estate AG is focused on the German market, leveraging the growing demand for cannabis clubs and the prospective investment in the country’s commercial real estate sector.
