Top online CBD retailer expands into mall kiosks, vape shops, and other brick-and-mortar locations through strategic business dealings
FT. LAUDERDALE, Fla., March 14, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- With CBD expected to fuel a 24 percent growth in the cannabis sector over the next three years, industry leader Diamond CBD ("Diamond CBD" or "the Company"), a wholly-owned subsidiary of PotNetwork Holdings, Inc. (OTC Pink: POTN) is continuing a series of strategic moves to maximize the reach of their brands and to ensure that their popular CBD edible, oil, and vape products are accessible beyond the traditional e-commerce platforms.
Over the past several months, the Company has entered a series of exclusive partnerships that have placed their extensive product lines in a diverse array of retail locations, including mall kiosks, smoke and vape shops, and contemporary brick-and-mortar locations. New and innovative products such as CBD-infused coffee, bath bombs, and Brain Chill Slushies are a growing presence in more than 10,000 retail locations around the nation.
The growing geographic diversity of stores and sellers uniquely positions Diamond CBD to meet the increasing demands of CBD users in the places where they are most comfortable shopping.
"From your local mall to your nearest vape shop, it has never been easier for our loyal customers to tap into the benefits of our CBD wellness products," said PotNetwork Holdings, Inc. CEO Kevin Hagen. "We're excited to be so accessible to millions of Americans who depend on our natural products to relax, stay healthy, and lead their best lives."
Experts estimate the hemp-derived CBD market to hit 22 billion by 2022, as consumers around the world increasingly look to CBD products to help treat chronic pain conditions and to potentially prevent 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.
"At Diamond CBD we understand that people use CBD for a whole host of reasons, to make their lives better," said Hagen. "As we expand our reach, we'll also continue to put out our call for transparency and accountability, because here at Diamond CBD we know that no one in this industry will succeed unless all of us do."
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 the 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 the 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," "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