Cannabis Market Brief

Growing Number of Retailers Adding CBD Infused Products as Revenues Jump - Seite 2

PotNetwork Holdings Inc. (OTCPK:POTN) BREAKING NEWS:  PotNetwork today released their fully audited financial statement which shows that the company has made $25 million in revenue over the course of 2018, a 78% increase compared to POTN's performance in 2017.

This growth has been driven primarily the company's wholly-owned subsidiary, Diamond CBD, Inc. The company has cemented its position as an industry leader in the growing market for premium hemp extracts. It has seen success by leveraging an aggressive marketing campaign focused on educating consumers about CBD and demonstrating the company's unique suite of niche CBD products.

The company took advantage of its momentum to expand its research and development, educational marketing campaigns, and successful distribution of an ever-growing range of hemp-derived cannabinoids and other natural hemp derivatives.

PotNetwork Holdings also reported that sales of Diamond CBD Products are coming 60% from its wholesale distribution network and 40% from online sales including from www.diamondcbd.com.

"I am extremely pleased with our year-over-year growth," said Kevin Hagen, CEO of Potnetwork Holdings, Inc.. "These fully audited financial statements underline an incredible year for PotNetwork Holdings and are the culmination of a lot of hard work and are a sign of great things to come over the course of the next year ."   Read this and more news for POTN at:    https://www.financialnewsmedia.com/news-potn/ 

In the industry developments and happenings in the market this week include:   

MariMed Inc. (OTCQB: MRMD),  a leading multi-state cannabis and hemp operator, recently announced an agreement with Ilo Vapor whereby MariMed is an exclusive distributor of the company's flagship product, DabTab brand dablets. The product is available now to all cannabis dispensaries in Maryland. It will be introduced to Rhode Island, Massachusetts and Delaware dispensaries later this spring.

What is a DabTab brand dablet and why is it revolutionary? First introduced at the MJBizCon conference in Las Vegas in November of 2018, DabTab is a completely new way to consume cannabis concentrate that is precision dosed, clean, and delivers vapor, not smoke.  DabTab preserves all the flavor and effects of conventional dabbing, while also providing a new level of convenience and cleanliness for concentrate consumption.  A proprietary natural ceramic tablet is precision-infused with cannabis oil holding exactly 50mg of concentrate by weight per DabTab. They eliminate the mess of handling, burning and cleaning conventional concentrates and shatter, but can still be used in many conventional vaporizers.