New Agreement Struck By Subsidiary Sends Parent Shares Soaring On Wednesday

New Agreement Struck By Subsidiary Sends Parent Shares Soaring On Wednesday

By: Tomas Ronolski - AllPennyStocks.com News

Wednesday, June 8, 2022

A Colorado-based micro cap just announced that one of its subsidiaries, Mellow, has signed an agreement with Botanic Wellness, the Australian CBD and Hemp Wellness brand, to act as their digital and performance marketing partner in the UK and EU markets, according to the release. This announcement sent shares of the parent company CBD Of Denver (OTCPK:CBDD) soaring during Wednesday’s session. 

CBD Of Denver Inc is a company engaged in the development of CBD products and related social networking. In addition, the company produces and markets a line of innovative CBD products. The network helps to connect CBD users from America and around the world to interact and discuss CBD uses, treatments, and products. Its brands include CBD Social Network; Black Peal CBD and CBDD Health Care Professionals.

Traders were bullish on the news as shares climbed up to $0.0085/share (+44.07%) at the session high. This move is a strong continuation of the success this stock has had over the last month. 


Copyright © 2022 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com's content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Other Penny Stock Movers

Will Shares Rise on Milestone Development for AI-Powered Heart Technology?
Small Cap Massively Bid Following Key Q1 Earnings Beat
Traders Rush To Buy Biotech Following Q1 Earnings Beat
Most Popular
FREE Newsletter


Back to Top