Diamond CBD Online Store Sold Over $1.1 million last month, a 90% increase year-over-year. DiamondCBD.com
June 04 2019 - 8:00AM
InvestorsHub NewsWire
Diamond
CBD Online
Store
Sold
Over
$1.1 million last month, a
90%
increase
year-over-year.
DiamondCBD.com
set new record in May for its Online Sales as site was visited by
over 330,000 users in last 7 days
Ft. Lauderdale, FL, June 4, 2019 -- InvestorsHub NewsWire
-- PotNetwork
Holdings, Inc.
(OTC
Pink: POTN)
(the
"Company") is
pleased to
announce that the Company's online
store generated over $1.1 million in
exclusive
web-based sales
in
May 2019.
Compared with May 2018, in which online sales totaled
$569,671, May 2019's
record
online revenues
represent a year-over-year increase
of over
90%.
Diamond
CBD's online sales reflect a continual impressive growth
of the readership
of its website. Recent analytics
show
that
over
330,000 users
visited the website in the last 7 days
alone.
A recent report
by
Cowen Analysts published by
Forbes gave the following
updated outlook for CBD sales which are
now projected to be: "…$16 billion by 2025. This
number is an immense jump from the estimated
retail sales of CBD products in 2018 that ranged between $600
million and $2 billion." Of the findings that New York-based
investment bank
Cowen & Co. conducted on the CBD
market, one of the most intriguing facts was that nearly 7 percent of
the 2,500 polled said they had used
CBD. This figure was far higher
than what the Cowen analysts had expected.
"As our product
lines and distribution continue to expand, and our brands continue
to gain in popularity, we believe that we are well positioned to
continue to take advantage of this exploding
market."
stated Kevin Hagen, CEO of
PotNetwork Holding, 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 Holdings, Inc.: PotNetwork
Holdings, Inc.
(OTC
Pink: POTN)
is a publicly traded company that acts as a holding company for its
principal subsidiaries, First Capital Venture Co., the owner of
Diamond CBD, Inc., the maker of Diamond CBD
products,
and
PotNetwork Media Group, Inc., the publisher of PotNetwork News and
PotNetwork Magazine.
For more information, please visit,
www.potnetworkholding.com.
Safe Harbor:
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.
1-800-915-3060
investor@PotNetworkHolding.com
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