Cannabinoids and CBD Extracts continue to be a strong focal point for cannabis operators as revenues climb higher behind a robust jump in sales volume. Many industry professionals expect CBD infused lifestyle products could be the next big Cannabis maketplace. Cannabis and Legal marijuana companies with recent development and notable market performances include: PotNetwork Holding, Inc. (OTC: POTN).
PotNetwork Holding, Inc. (OTC: POTN) announced today that upon starting 2017 with the advantageous acquisition of Diamond CBD, Inc. and the Company’s transition back into the cannabis, hemp and related markets, coupled with Diamond CBD’s robust sales pipeline, the Company is projected to generate over $1,700,000.00 in gross revenues during the first quarter of 2017 alone.
Regarding developments, Maria Gomez, Regional Vice President of Sales, Diamond CBD, stated: “As the Marijuana sector continues to expand, so has our corporate vision and drive for brand distinction and differentiation. For Diamond CBD, sales have accelerated from $1,663,081.78 for the 4 quarters of 2016 to a pace that will probably exceed $1,700,000.00 for the 1st quarter of 2017, meaning that we’ve established significant momentum for the remainder of this year. Even if sales only remain consistent, it would represent a revenue increase in the range of almost 400% percent, year-over-year.”
In accordance with the Company’s aggressive branding and marketing strategy, its subsidiary, Diamond CBD, Inc., exhibited at ASD Market Week, in Las Vegas, NV, an international event known to showcase the world’s widest variety of popular retail merchandise in a one-stop shopping experience. ASD Market Week boasts 45,000 buyers from 88 countries annually. Ninety-eight percent of these attendees have major purchasing power with the average buyer spending $82,500.00 per show, equating to $2.8 billion annually.