Companies in the cannabis industry are scrambling to put their best foot forward as the growing legalization of marijuana in the U.S. means record level growth and revenues. With the market getting saturated, it all boils down to who is offering high-quality products.
Trust of consumers in any industry is earned and not given, and it is certainly applicable to the cannabis industry as well. Trust is crucial as it leads to the success in terms of financial success, revenues, profits and record sales. If this is the basis of success, one of the most trusted cannabis company today is PotNetwork Holding, Inc. (OTCMKTS:POTN).
PotNetwork Holding registered more than a million in sales in just the first few days of February all thanks to strengthened inventory and diversified new offerings. President Richard Goulding is beaming with pride with the new heights that the company has reached starting this 2018. However, he maintains that he plans to keep on going the rest of the year.
“Our objective throughout 2018 is consistent, solid and substantial growth. We are expecting a strong positive close for sales for the month of February, and plan to keep shareholders updated on results on a continuous basis,” he added.
When compared to 2017, PotNetwork has grown over 300 percent, and not a lot of companies can say that. In the constantly expanding industry of cannabis, this is an admirable feat. Its wholly owned subsidiary, Diamond CBD, has contributed a lot to this achievement.
Diamond CBD offers a variety of products such as CBD oils, edible gummies, vape pens, vape additives and pet products. They make it even better by offering different flavors and sizes. It has even partnered with NFL Hall of Famer Lawrence Taylor to produce a CBD cream product for high-performance athletes. The LT Pain Master CBD cream can alleviate muscle soreness and tightness.
What makes Diamond CBD’s products different from other CBD products in the market is their high quality under the supervision of pharmacists. All its products are organic, 100 percent CBD; contains no THC; and are lab-tested. Consumers can see the lab results on its website for transparency and assurance.
Also, Diamond CBD has collaborated with actor-comedian Tommy Chong to launch a new product line called “Chong’s Choice CBD.” This just goes on to show that world-class athletes—and a Hall of Famer at that—and known actors and performers put their trust on Diamond CBD. Whatever the final product may be, the company’s main aim will always be producing “the finest and purest Cannabidiol (CBD) oil.”
The company is still keen on expanding their product line. It recently launched Meds BioTech to cater to the ever-growing need for nutritional supplements. There are a lot of them in the market, but what Diamond CBD is offering is incorporating the benefits and advantages of CBD into nutritional supplements to merge the best of both worlds. Consumers need not worry as these products are all formulated by licensed pharmacists. They even came up with different variants such as gummy bears, gummy rings, rainbow bites, mini fruits and gummy worms to cater to kids and kids at heart.
PotNetwork Holding, according to Oral Dispatch, has a market capitalization of $146 million and has about $576,000 in cash on the books.
It is safe to say that PotNetwork is entering its golden era. What’s even better is that the ceiling is still unknown. As the legalization movement gains traction, expect more record sales feats by the company. The future should be exciting not just for the shareholders but also for consumers who know a great product when they see one.
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
How to advocate for the work life you want after COVID-19
The work from home policies caused by the COVID-19 pandemic have shown some companies that they can fully function without...
Crowdfunding seen as an innovative post-crisis financing mechanism in Tunisia
Countries around the world are struggling to find new ways to revive their economies deeply affected by the COVID-19 health...
Why the Fintech sector in Italy has to be further developed
The annual update of the continuous monitoring of the FinTech innovation ecosystem in Italy, the result of the three-year collaboration...
Beyond gaming: how real-life applications put virtual reality and Zadar Ventures Ltd. into the spotlight
Virtual reality has helped us find a way to get around the challenges of doing almost everything remotely. Zadar Ventures...
The Monero software update is ready to be used by miners
The Monero protocol update, also called Nitrogen Nebula, was announced on the Monero blog on May 23rd. The integration of...
Featured6 days ago
The Italian cryptocurrency exchange Young opens its second financing round
Business7 days ago
How to evolve your business model as times change
Business2 days ago
Why Inca One’s online bullion store is a game changer for resource investors
Featured5 days ago
The turmoil in the stock markets continues