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FT. LAUDERDALE, Fla., March 21, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Diamond CBD Inc., a wholly-owned subsidiary of PotNetwork Holdings, Inc. (OTC Pink: POTN) ("the Company"), and a leader in cutting-edge, hemp-derived CBD products for the wellness market, booked over $300,000 in CBD product sales in its three day attendance at the influential ASD Market Week Trade Show in Las Vegas, Nevada, March 17 - 20.
(Click here to see a video of Diamond CBD in action at the show.)
ASD Market Week is one of the nation's largest consumer merchandise trade shows for small to large-sized retail, distribution, or import businesses. It's a place where deals are made, as an overwhelming number of the 45,000 attendees 98 percent represent major purchasing power. According to the event organizers, in recent history the average buyer spent $82,500 per show, equating to $2.8 billion overall.
"The excitement that we saw at ASD Market Week for the Diamond CBD brand and the industry is a microcosm of what we see all across the nation," said Kevin Hagen, CEO of PotNetwork Holdings, Inc. "The sales reflect that consumers are really clamoring for all natural products not just to relieve pain and inflammation, but to tap into their potential and lead their best lives. That consumers are choosing our products in such large numbers is a humble reminder of the responsibility we have not just to meet consumer demands but to also exceed them."
Recent consumer surveys suggest that close to 7 percent of Americans currently use CBD, with that number expected to grow to 10 percent, or 25 million users as early as 2025. Experts estimate the hemp-derived CBD market to hit 22 billion by 2022, as consumers around the world increasingly look to CBD 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, both mild and severe.
ASD Market Week (https://www.asdonline.com) is the most comprehensive trade show for consumer merchandise in the U.S., bringing the world's widest variety of retail merchandise together in one efficient shopping experience. Held twice per year in Las Vegas, Nevada, the show annually draws 45,000 buyers from over 90 countries.
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 the 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 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.