PotNetwork Holdings, Inc. is pleased to announce over $2 million in sales revenues recorded for the month of April. Compared with the $1,009,900 the company achieved in April of 2017, April 2018’s revenues represent a 98% year over year increase.
PotNetwork Holdings, Inc.’s wholly owned subsidiary Diamond CBD, Inc. recently revealed that Diamond CBD’s Vape Additive, Liquid Gold Vape Juice, Chill Gummies, Tinctures and Biotech Creams, are the brand’s most successful products according to the 2018 Investor Relations FAQ, and are being sold in 1000’s of retail locations across the United States.
According to the PotNetwork Holdings, Inc. 2018 Investor Relations FAQ, Diamond CBD’s products are selling best in Texas, California, Florida, Georgia and New York. By virtue of Diamond CBD’s success in the 4 most populous states in the country, and with close to 25% of its revenues coming from ecommerce, Diamond CBD emerges as market leader in the U.S. domestic hemp-derived CBD oil market.
As Diamond CBD diversifies the marketing of its products, entering new and underdeveloped sectors and verticals such as the pet supply industry, wellness centers, health food channels, and fitness centers, it’s welcome news that U.S. and international legislators are looking with increasing approval at cannabis and hemp with a renewed focus.
In April of 2018, United States Senate Majority Leader Mitch McConnell (R-KY) introduced H.R.5485 the Hemp Farming Act of 2018, which if passed would remove federal Schedule I drug status, establishing the domestic federal legality of hemp-derived CBD oil products.
Also in April, advancements included the Federal Drug Administration (FDA) request for public comments regarding “the abuse potential, actual abuse, medical usefulness, trafficking, and impact of scheduling changes” of cannabis and related products such as hemp-derived CBD oil, ahead of the 40th meeting of the World Health Organization’s Expert Committee on Drug Dependence (ECDD).
The 40th WHO ECDD Conference is scheduled for June 2018 in Geneva, Switzerland, and many hemp and cannabis industry experts expect it will have long term ramifications on global policies and views towards these valuable natural substances.
PotNetwork Holdings, Inc. is acting swiftly to protect industry dominance, in part by advancing towards expansion into new regional markets in the U.S., as well as Canada and Europe. Domestically, recent strategies include direct sales to brick and mortar retailers through the mobilization of a corporate fleet of inventory stocked vans in major U.S. metro markets directly servicing retailers, with products that are locally stocked and warehoused.
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. (OTC Pink: POTN) is a publicly traded company that acts as a holding company for its subsidiaries, First Capital Venture Co., the owner of Diamond CBD, Inc., the maker of Diamond CBD oils.
Safe Harbor Act: 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.