FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--PotNetwork Holdings, Inc. (OTC Pink: POTN) (“the Company”) through its wholly-owned subsidiary Diamond CBD, Inc., an industry-leader in CBD oils, edibles, and tinctures recently launched a new lineup of its CBD-infused chocolate edible candies under the Choco Budz brand name. Already at the top of a CBD industry which experts predict could reach as high as $22 billion within the next five years, Diamond CBD’s Choco Budz brand seeks to claim a stake in what analysts foresee as a $161 billion global market for chocolate snacks and delicacies.
Currently, the global chocolate market sits at around $103 billion, with many in the industry predicting growth at a CAGR of approximately 7.0 percent over the next seven years.
The new lineup of Choco Budz branded CBD-infused chocolate edibles are creatively designed to look like pieces of whole flower, making them instantly identifiable to anyone who enjoys a good time. Made from all-natural, hemp-derived CBD, Choco Budz come in five delicious flavors, including Infused Moonrocks, Infused Banana, Infused Strawberry, Infused Grape, and the always satisfying Original chocolate.
“Research shows that it’s CBD edibles that are pulling new consumers into the market, which is why we’re so excited about our expanded lineup of Choco Budz products,” said Kevin Hagen, CEO of PotNetwork Holdings, Inc. “Moreover, with the chocolate industry growing at the pace it is, the marriage of these two products makes perfect sense. This is an opportunity to expand our target demographic while at the same time, make an investment in the future for shareholders.”
PotNetwork Holdings continues to move forward following recent announcements of the Company’s $25 million in revenue for fiscal year 2018, and the filing of a Form 10 Registration Statement with the U.S. Securities and Exchange Commission (SEC) to register its common stock under the Securities Exchange Act of 1934.
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. For more information, please visit, www.potnetworkholding.com.
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