Companhia Brasileira de Distribuicao ADS (CBD) Company Bio
Companhia Brasileira de Distribuição engages in the retail of food, clothing, home appliances, electronics, and other products through its chain of hypermarkets, supermarkets, specialized stores, and department stores primarily in Brazil. The company was founded in 1948 and is headquartered in São Paulo, Brazil.
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Despite the stock ticker, "CBD" is not a marijuana stock. Companhia Brasileira de Distribuicao is a Brazilian retailer and an operator of department stores, supermarkets, and hypermarkets. In the first story, Reuters reports that Brazil's Justice Ministry is asking supermarkets to explain recent price increases on groceries in order to ensure there's no price gouging afoot.