Popularity of the Company's CBD-infused edibles, oils, and vapes continues to surge ahead of influential Las Vegas trade show for consumer merchandise
FT. LAUDERDALE, Fla., March 15, 2019 (GLOBE NEWSWIRE) -- Diamond CBD Inc., a wholly-owned subsidiary of PotNetwork Holdings, Inc. (OTC Pink: POTN) (also known as "the Company"), and a leader in cutting-edge, hemp-derived CBD products for the wellness market, continues to lead the competition in innovation as it heads to the influential ASD Market Week Trade Show in Las Vegas, Nevada, March 17 - 20. Consumer sales continue to surge as newly unveiled lines of CBD oils expand the company's market reach.
So far this year, wholesalers and wellness enthusiasts have flocked to Diamond CBD's recent product additions like CBD-infused coffee, bath bombs, and Brain Chill Slushies, all of which have helped to carve out a distinct position for the brand across the country.
(To see a video of Diamond CBD in action last year's ASD Market Week, click here.)
ASD Market Week is one of the nation's largest consumer merchandise trade shows for small to large-sized retail, distribution, or import businesses. It's a place where deals are made, as an overwhelming number of the 45,0000 attendees 98 percent represent major purchasing power. According to the event organizers, in recent history the average buyer spent $82,500 per show, equating to $2.8 billion overall.
"For us, there's been no better time to come back to ASD Market Week," said Kevin Hagen, CEO of PotNetwork Holdings, Inc. "The show's enthusiastic embrace of the Diamond CBD brand and the industry as a whole has not only helped fuel the sector's growth but pushed us towards greater innovation to sustain the market's excitement and appetite for our new premium CBD products."
Recent consumer surveys suggest that close to seven percent of Americans currently use CBD, with the number expected to grow to 10 percent, or 25 million users as early as 2025. 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 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.
ASD Market Week (https://www.asdonline.com) is the most comprehensive trade show for consumer merchandise in the U.S., bringing the world's widest variety of retail merchandise together in one efficient shopping experience. Held twice per year in Las Vegas, Nevada, the show annually draws 45,000 buyers from over 90 countries.
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.
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Contact: PotNetwork Holdings, Inc.
Investor Relations: Marisol Elwell