Recent weeks sees nearly $1 million in sales orders taken for new and established lines of CBD-infused edibles, oils and vapes
FT LAUDERDALE, Fla., March 11, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Diamond CBD Inc., a wholly owned subsidiary of PotNetwork Holdings, Inc. (POTN) and a leader in innovative, hemp-derived CBD products for the wellness market, announced that it is seeing a surge in purchase orders for its 2019 line of CBD edibles, oils and vape, including $450,000 in sales orders during three days at the recent CHAMPS Tradeshow in Las Vegas, Nevada. (To see a video of Diamond CBD in action at the show, click here.)
Wholesalers and trade show enthusiasts are flocking to new products like CBD-infused coffee, bath bombs, and Brain Chill Slushies, shows once again that the company is leading the market in innovative CBD products in anticipation of the heighted consumer demand. Recent consumer surveys suggest that close to seven percent of Americans currently use CBD, with the number expected to grow to 25 million or 10 percent as early as 2025.
"We are delighted to showcase our innovative products at tradeshows like CHAMPS," said Kevin Hagen, CEO of Diamond CBD parent company, PotNetwork Holdings, Inc. "You can really feel the excitement in the industry as attendees to the show look to find new kinds of CBD products for consumers in order to further take advantage of the exploding CBD trend."
The CHAMPS tradeshow is an international counterculture staple that showcases both established businesses and start-ups across a wide range of fields. Inventors and manufacturers regularly bring their newest products to unveil at Champs, which hosts three other tradeshows across the U.S. during the year. The event also hosts various gaming competitions for visitors and exhibitors alike.
Experts estimate the hemp-derived CBD market to hit 22 billion by 2022, as consumers around the world increasingly looking to CBD oils, edibles, and other 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.
About Champs Trade Shows
The Champs Trade Shows (https://www.champstradeshows.com/) have been a staple in the counterculture industry for nearly 20 years. Since its debut in 1999, CHAMPS has grown into the world's largest and most popular conventions for the industry bringing hundreds of exhibitors face-to-face with thousands of retail and wholesale buyers from all over the globe four times a year.
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 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