FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--PotNetwork Holding, Inc. (OTC Pink: POTN) announced today that the Company’s subsidiary, Diamond CBD, has entirely sold out of its increasingly popular proprietary Chill Gummy line.
The past six months of trade show, expo, and convention attendance have demonstrated Management’s determined commitment to achieve strong results, yielding in product demand requiring significant expansion of its manufacturing operations. The Company’s Chill Gummy inventory is slated to be restocked within approximately two weeks.
Diamond CBD has projected an $8 Million annual revenue target for 2017. As a result of dominant representation at various industry trade shows and conventions combined with its ongoing strategic publicity efforts, the Company continues to build considerable momentum, clientele and brand recognition.
PotNetwork Holding’s Diamond CBD’s most recent attendance at the SeeThruEquity event resulted in an equity analyst setting a possible price target for the Company’s shares of $0.25 per share. Other recent road show/expo attendance included a presentation at the 7th Annual LD Micro Invitational, being a featured guest on a national radio and webcast, launching new product lines at a major New York trade show, and receiving a positive reception at the Fourth Annual Cannabis World Congress & Business Exposition,"2017 CWCBExpo," the definitive business event of the cannabis industry. The Company has also recently presented at the 2017 Marcum Microcap Conference, and attended the Southeast Cannabis Conference & Expo.
CBD Chill Gummies were introduced to the market shortly after the Company’s inception. These tasty CBD Chill Gummies claim center stage within Diamond CBD’s premium product line, quickly becoming the Company’s most popular and delectable signature treats. Diamond’s CBD infused Chill Gummy line consists of a wide range of popular flavors.
About Diamond CBD: Diamond CBD focuses on the research, development, and multi-national marketing of premium products based on 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, 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, E-Liquids and related products found anywhere. For more information, please visit the website at www.DiamondCBD.com.
About PotNetwork Holding, Inc.: PotNetwork Holding, Inc. (OTC Pink: POTN) is a publicly traded holding company focused on investments in the development, production and marketing of products and services that serve the Cannabis industry and its various market segments. Its subsidiary, First Capital Venture Co., owns Diamond CBD, Inc., a leading maker of an extensive line of cutting-edge products containing hemp-extracted CBD oil.
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