Revenues in the quickly expanding cannabidiol market continue to trend upward as legal marijuana and CBD Cannabis companies introduce improved quality and higher purity products into the markets. As more and more states continue to examine and consider increasing legislature approvals of any level of use for legal medical and cannabis operations including consumer uses, a growing number of marijuana - CBD companies are realizing increasing revenue opportunities such as PotNetwork Holding, Inc. (OTC: POTN).
PotNetwork Holding, Inc. (OTC: POTN) is pleased to announce today that its wholly owned subsidiary, Diamond CBD, Inc., after an exponentially record breaking month in April, continues to experience a powerful upward trend in sales, as the team prepares to showcase the Diamond CBD product line at the Champs Trade Show in Atlantic City, May 16th-18th, widely recognized as the largest and most trusted counter-culture trade show in the world. Projections Heightened to Over $1 Million Dollars for May as PotNetwork Holding Reports Diamond CBD's Continuing Surge in Sales Momentum.
The continually rising success and popularity of Diamond CBD's innovative and highly consumable product line has surprised even upper level management. We cannot understate the diligence of our team in their tireless effort to bring our trendy and delightful products into the limelight, such effort would fundamentally boost the popularity of any product line. However, the level of product acceptance by which our efforts have been met brings continuing gratification, keeping the team pumped knowing that nothing can stop an idea whose time has come, stated Maria Gomez, Regional Vice President of Sales for Diamond CBD, Inc. PotNetwork recently announced that Diamond CBD, Inc. had disclosed outstanding first quarter 2017 sales results of $1,858,347.48 which exceeded the total sales volume of $1,663,081.78 for the entire calendar year of 2016.
Diamond CBD recently disclosed that the Subsidiary had accomplished a substantial, exponential boost in revenues year-over-year for the month of April. Diamond CBD's revenues in April of last year were just short of $40,000.00, in reflection of the Vendor's infancy. With record-breaking April 2017 results reflecting exponential growth of more than 25 times, management continues to broaden projections as new heights are achieved. Actual results are forthcoming.
Having recently celebrated the distribution of 1 million Chill Gummy edibles, Diamond CBD has reported ongoing record-breaking order flow, resulting in the achievement of numerous highly anticipated milestones, including CBD product distribution in approximately 10,000 retail locations nationwide. As a result of the Company's dominating representation at diversified trade shows and conventions combined with strategic publicity efforts, the Company continues enjoying considerable growth, clientele and brand recognition for its specialty Cannabidiol snacks and oil products.