New Products Show Company Prepared to Meet Needs of Growing Consumer and Wholesale Markets
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--PotNetwork Holding, Inc. (OTC Pink:POTN) (“the Company”), through its wholly-owned subsidiary Diamond CBD (“Diamond”), successfully launched several new lines of CBD oil products for the consumer and wholesale markets, including Full Spectrum CBD MCT Oils, CBD Oil with Hemp Seed Oil, CBD Oil Honey Tinctures, and CBD Oil with Olive Oil. The new products are being launched at a time when consumer interest and preference for CBD products continues to peak.
Industry experts predict the CBD industry could reach as high as $22 billion by 2022.
Moreover, Gallup reports in a new consumer poll that four-in-ten people believe cannabidiol (CBD) oils should be available over-the-counter.
Diamond CBD’s new CBD oil products have been a hit with consumers as well as in the wholesale market, helping merchants and retailers to boost sales and bring larger numbers of customers in their doors. Available in several of the Company’s more popular brands, including Relax, Meds Biotech, and its own consumer-favorite eponymous brand, these new CBD oil products brought in over $1.1 million in sales in May alone.
According to the new Gallup poll, most Americans are aware of CBD oil, and many feel it is beneficial in some way. As the market for products continues to grow, Diamond CBD continues to introduce new and exciting products to meet the wants and needs of consumers.
“Our new lineup of CBD oil products gives consumers and those in the wholesale marketplace an expanded choice,” said Kevin Hagen, CEO of Diamond CBD parent Company PotNetwork Holdings, Inc. “What this new poll from Gallup tells us is that not only do more consumers want easy access to CBD oil, but that the market continues to expand and that consumers want that expansion. We at Diamond CBD are poised to satisfy that expansion.”
As proof, Diamond CBD’s recent online sales reflect a continual impressive growth in the consumer use of its website, wherein current analytics show that over 330,000 users visited the site the first week of June alone.
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 principal subsidiaries, First Capital Venture Co., the owner of Diamond CBD, Inc., the maker of Diamond CBD products, and PotNetwork Media Group, Inc., the publisher of PotNetwork News and PotNetwork Magazine. For more information, please visit, www.potnetworkholding.com.
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