Company's successful showing demonstrates the strength of its brand in a market which experts predict is growing 10 percent annually
FT. LAUDERDALE, Fla., April 15, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Diamond CBD Inc., a wholly-owned subsidiary of PotNetwork Holdings, Inc. (OTC; POTN) ("the Company"), and a leader in cutting-edge, hemp-derived CBD products continued to expand its presence in the over $130 billion wellness market as a result of its two-day attendance at the first-leg of the Europa Games Expo and Sporting Event, a nutrition, supplement, and apparel exhibition in Orlando, Florida from April 13 - 14. The Company successfully exhibited its lineup of CBD oils, CBD vapes, and CBD edibles to both athletes and attendees at the show, demonstrating the strength of its brand in a global wellness market that is predicted to grow at a CAGR of almost 10 percent through 2024.
Over the past 25 years, the Europa Games has grown into one of the largest supplement, nutrition, and apparel trade shows in the world. The event boasts almost 400 exhibitors, over 11,000 athletes, and nearly 300,000 attendees per year, the bulk of whom are in the key 18-35-year-old demographic with purchasing power and a desire to stay fit.
Thirty-plus live athletic events are hosted annually at the Games, including grappling tournaments, bodybuilding, cheerleading competitions, powerlifting, and Karate tournaments.
"We're thrilled to be a part of this year's Europa Games in Orlando, to both cheer on the athletes and open up the conversation about CBD with all of the attendees," said Kevin Hagen, CEO of PotNetwork Holdings, Inc. "The wellness market is one of the fastest-growing markets in the country, and CBD is one of the fastest growing products in that market. Diamond CBD has a real opportunity here to do something innovative in the marketplace, and we're moving full-speed ahead to seize the moment."
Experts predict tremendous growth for the hemp-derived CBD market in the next few years, with some calling for the market to reach as high as $22 billion within the next five years. According to at least one study, Diamond CBD is already well-positioned as a major player in that market, and both customers and shareholders can expect the Company to grow in the space over the next decade.
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. (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, www.potnetworkholding.com.
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Contact: PotNetwork Holdings, Inc.