Diamond CBD Enters $21 Billion Vending Machine Market With
Innovative Hemp-Derived CBD Product Showcase at CES 2019
Booth
Co-Hosted with interactive vending machine partner CloudPay
Technologies to be the only CBD brand available at world's most
influential consumer electronics event
MIAMI, FL --
January 08,
2019 -- InvestorsHub NewsWire -- Diamond
CBD Inc., a leader in hemp extraction
and
innovative
CBD products for
the wellness market, announced Friday that it is teaming up with
CloudPay Technologies to feature its lineup of
oils,
edibles,
and
creams at
the world's most famous tech event, the
Consumer Electronics Show (CES),
which takes place in Las Vegas from January 8-11.
A
proven history of introducing next-generation breakthrough
technologies to the $292 billion U.S. consumer technology market is
just one of the many reasons why CES has become the global
gathering spot for innovative business leaders and pioneering
thinkers. Diamond CBD will be the only CBD brand that will have an
official booth at the event, which is expected to draw more than
180,000 industry professionals from around the world.
"Wellness is topic that is on everyone's minds these days and
consumers are looking for both products and technology that will
help them lead the healthiest life possible," said Kevin Hagen, CEO
of Diamond CBD parent company PotNetwork Holdings, Inc. "Diamond
CBD is proud to operate in the intersection of wellness and
technology and to have the opportunity to let hundreds of thousands
professional know just how beneficial CBD products can be in
helping to
reduce stress and anxiety, especially when
paired with the right tech."
A key component of the Diamond CBD booth will be CloudPay
Technologies' interactive kiosk technology. The visual vending
machine features a large touchscreen display that creates an
engaging user-friendly experience for those looking to find which
Diamond product is best suited for their wellness needs. CloudPay
kiosks also feature advanced age verification and cashless payment
systems to provide an extra layer of security on all financial
transactions and deter potential abuse. It's the latest technology
in an industry whose
2017 revenue totals, taking
into account the different size independent operators, was
calculated to be $21.6 billion.
Consumers around
the world are increasingly looking to CBD oils, edibles, and other
products to help treat chronic pain conditions and as a potential
preventative measure for muscle soreness and inflammation.
A growing body of research evidence also shows that CBD may offer
therapeutic advantages for a whole host of conditions from autism
to Alzheimer's. Recently passed federal legislation that
legalizes industrial hemp production in the United States is
expected to only increase mainstream acceptance of CBD-based
products.
"We've always aimed to be hemp industry pioneers that bring
innovative hemp-derived products to the whole world," continued
Hagen. "I can't think a better place than CES to continue to
showcase our cutting-edge industry efforts."
CES 2019 begins
January 8 and will feature 4,500 exhibitors across 2.75
million-square-feet of exhibit space at the Las Vegas Convention
Center. Owned and produced by the Consumer Technology Association
(CTA), the three-day event provides access to the very latest
transformative technologies, such as 5G connectivity, artificial
intelligence, augmented and virtual reality, smart home, smart
cities, sports tech, machine learning, and more. For the latest CES
news and to register for the show, visit
CES.tech.
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.For
more information, please visit its website at
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,"
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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