PotNetwork Holdings, Inc. Sees Revenue Increase Thanks to the Strength of Diamond CBD, Inc.
May 10 2018 - 06:00AM
InvestorsHub NewsWire
PotNetwork Holdings, Inc. Sees Revenue Increase Thanks to the
Strength of Diamond CBD, Inc.
Wholly Owned Subsidiary
Diamond CBD, Inc. Continues to Dominate the U.S. Domestic Hemp CBD
Oil Market.
Ft Lauderdale, FL -- May 10, 2018 --
InvestorsHub NewsWire -- PotNetwork Holdings, Inc. (OTC
Pink: POTN)
On
Friday May 11th, PotNetwork Holdings, Inc. is pleased to highlight
the success of its wholly owned subsidiary, Diamond CBD
Inc.’s expansive hemp derived CBD oil product
line
Diamond CBD, Inc.’s Diamond Vape Additive,
Liquid Gold Vape Juice, Chill Gummies, Diamond CBD Tinctures and
Biotech Creams, are the Company’s most successful products,
according to the PotNetwork Holdings, Inc. 2018 Investor Relations
FAQ. Diamond
CBD’s products are being sold in thousands of retail locations
across the United States.
According to the PotNetwork Holdings, Inc. 2018
Investor Relations FAQ, Diamond CBD, Inc.’s products are selling
best in Texas, California, Florida, Georgia and New York. With
clear success in the 4 largest states in the United States
according to population and close to 25% of its revenues coming
from ecommerce, Diamond CBD, Inc. is the clear market leader in the
U.S. domestic hemp-based CBD oil market.
As
Diamond CBD, Inc. diversifies the marketing of its products to new
and underdeveloped verticals such as the pet supply industry, wellness centers, health food
channels, and fitness centers, it’s welcome news that U.S. and
international legislators are looking at cannabis and hemp with a
renewed focus.
In
April of 2018, United States Senate
Majority Leader Mitch McConnell (R-KY)
introduced H.R.5485 the
Hemp Farming Act of 2018, which, when passed, is expected to remove
federal Schedule I drug status, ultimately solidifying the domestic
federal legality of hemp oil CBD products.
Also in April,
the Federal Drug Administration
(FDA) requested public comments regarding
“the abuse potential, actual abuse, medical usefulness,
trafficking, and impact of scheduling changes” of cannabis and
related products, such as hemp CBD oil, ahead of the 40th meeting
of the World Health Organization’s Expert Committee on Drug
Dependence (ECDD).
The 40th WHO ECDD
Conference is scheduled for June 2018 in Geneva,
Switzerland and many hemp and cannabis industry experts expect that
it will have long term ramifications on global policies and views
towards these valuable natural substances.
PotNetwork
Holdings, Inc. is acting swiftly to protect the supremacy of
Diamond CBD, Inc. by taking steps towards expanding into new
regional markets in the U.S. as well as Canada and Europe. The
Company is also testing direct selling to end-user points-of-sale;
that is, fleets of Company-owned sales vans in major U.S. metro
markets that sell directly to brick-and-mortar retailers, stocked
with products that are locally warehoused.
“We will
continue to invest in innovation, line extensions and market
awareness in order to reinforce our current industry leadership
position and generate consistent incremental improvement in sales
and profit in order to add to shareholder value,” stated Richard
Goulding, M.D., President and Chief Executive Officer of PotNetwork
Holdings, Inc.
About Diamond CBD
Inc.: Diamond CBD
focuses on the research, development, and
multinational marketing of premium hemp extracts that contain a
broad range of cannabinoids and natural hemp derivatives. Diamond
CBD’s team consists of hemp industry pioneers and natural product
experts, chemists, doctors and scientists, dedicated to producing
the finest and purest cannabidiol
(CBD) oils. The result is a robust selection
considered among the most powerful natural CBD
oils, tinctures,
edibles, and vape liquids found anywhere. For more information,
please visit its website at www.DiamondCBD.com.
About PotNetwork Holding,
Inc: PotNetwork
Holdings, Inc. (OTC Pink: POTN)
is a publicly traded company that acts as a holding company for its
subsidiaries, First Capital Venture Co., the owner of Diamond CBD,
Inc., the maker of Diamond CBD oils.
Safe Harbor Act:
Forward-Looking Statements are included within
the meaning of Section 27A of the Securities Act of 1933, and
Section 21E of the Securities Exchange Act of 1934, as amended. All
statements regarding our expected future financial position,
results of operations, cash flows, financing plans, business
strategy, products and services, competitive positions, growth
opportunities, plans and objectives of management for future
operations, including words such as "anticipate," "if," "believe,"
"plan," "estimate," "expect," "intend," "may," "could," "should,"
"will," and similar expressions are forward-looking statements and
involve risks, uncertainties and contingencies, many of which are
beyond our control, which may cause actual results, performance, or
achievements to differ materially from anticipated results,
performance, or achievements. We are under no obligation to (and
expressly disclaim any such obligation to) update or alter
forward-looking statements, whether as a result of new information,
future events or otherwise.
Contact:
PotNetwork Holdings,
Inc.
Investor Relations:
Marisol Elwell,
1-800-915-3060
investor@PotNetworkHolding.com
Potnetwork (CE) (USOTC:POTN)
Historical Stock Chart
From Feb 2024 to Mar 2024
Potnetwork (CE) (USOTC:POTN)
Historical Stock Chart
From Mar 2023 to Mar 2024