Revenues In Lucrative Legal Marijuana and CBD-Oil Markets Continue To Climb In Hand With Consumer Demand
April 26 2017 - 9:30AM
InvestorsHub NewsWire
Revenues In Lucrative Legal Marijuana and
CBD-Oil Markets Continue To Climb In Hand With Consumer
Demand
Palm Beach, FL – (April 26, 2017) --
Through various introductions of latest innovative services,
mergers and acquisitions along with product development, the CBD
niche of the explosive cannabis industry continues to see
impressive growth. Companies with recent developments of note in
the legal marijuana industries include: PotNetwork Holding
Inc. (OTC:
POTN), Medical Marijuana, Inc. (OTC:
MJNA), Amfil Technologies, Inc. (OTC:
AMFE), Players Network (OTC:
PNTV), MassRoots, Inc. (OTC:
MSRT)
PotNetwork Holding
Inc. (OTC Pink:
POTN) reported today that after starting 2017 with the
advantageous acquisition of Diamond CBD, Inc. and the transition
back into the cannabis, hemp and related markets, the Company has
surpassed initial quarterly projections of 1.7 million in gross
revenues. Management is pleased to announce that realized
first quarter figures had exceeded expectation by over $100,000,
for an total of $1,858,347.48
Having, at the beginning of the year, set
corporate sights on achieving the goal of $1.7 Million for the
quarter, management had put in motion an aggressive effort to build
a strong and thriving sales pipeline for 2017. “We are very happy
with the final numbers. All quarter we have put significant
effort into building a strong sales momentum. Evidently, between
our efforts and the apparent consumer acknowledgement of our
product quality, demand is advancing even more rapidly than we had
originally anticipated.” exclaimed Maria Gomez, Regional Vice
President of Sales, Diamond CBD. Read this and more news for
POTN at: http://marketnewsupdates.com/news/potn.html
If sales revenues in this range remain
consistent at this level, it would represent a revenue increase in
the approximate range of 480% percent, year over year. Based on the
increased rate of sales growth, the Company plans to announce
updated projections soon. The Company expects to have its
corporate financial reports posted on or before May
15th.
In addition, Diamond CBD recently
announced that management had attained the anticipated goal of
establishing a merchandising pipeline of 7,000 authorized retail
vendors through its distribution channels. This puts Diamond CBD
"over the top" with its products now accessible at approximately
10,000 stores in the United States.
In other industry developments and
happenings in the market:
Medical Marijuana,
Inc. (OTC: MJNA),
the first publicly traded cannabis company in the United States,
last Friday announced that its subsidiary HempMeds® is sponsoring
San Diego EarthWork's 28th annual EarthFair event. EarthFair 2017
will take place from 10 a.m. to 5 p.m. on Aug.
23 in San Diego's Balboa Park. Known as the world's
largest free annual environmental fair and Earth Day celebration,
this family friendly and educational event draws over 60,000
participants annually. This year, EarthFair will include a "Canna
Village," which will feature live entertainment and 40 vendor
booths designed to highlight top leaders in the cannabis and hemp
industries.
Amfil Technologies,
Inc. (OTC: AMFE)
closed up over 12% on Tuesday trading over 9.4 Million
shares by the market close. Amfil Technologies manufactures an
automated hydroponic vertical farming system designed for use in
the rapidly growing medical marijuana industry. The system has also
been designed to deliver fluids, nutrients, and carbon dioxide more
effectively and efficiently than conventional growing systems. The
system has been recognized by several cannabis producers and
distributors in Canada, Europe and the US and has an established
client base.
Players
Network (OTCQB:
PNTV) closed up over 8% on Tuesday trading over 3 Million
shares by the market close. Player's Network has an 86% stake
in Green Leaf Farms Holdings ("GLFH") marijuana subsidiary, which
holds a special use permit for production and cultivation
license(s) granted by the city of North Las Vegas and the state of
Nevada.
MassRoots,
Inc. (OTCQB: MSRT)
closed up on Tuesday at $0.673 trading over 900,000
shares by the market close. MassRoots is one of the largest
technology platforms for the regulated cannabis industry. The
company's mobile apps enables consumers to provide community-driven
reviews of cannabis strains and products, enabling consumers to
make educated cannabis purchasing decisions. MassRoots is proud to
be affiliated with the leading businesses and organizations in the
cannabis industry, including the ArcView Group and National
Cannabis Industry Association.
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