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.
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.
Best countries to retire for US citizens this 2019
Panama is the number one choice for people wishing to retire overseas while the Dominican Republic, Italy’s Abruzzo, and Cuenca,...
Why insurance is a sensible investment for any growing business
Business owners need to recognize the importance of insurance and how it is a valuable investment for a company's future.
3 things business travelers need in their travel plans
Unsurprisingly, travel buyers are setting goals like reducing costs, improving compliance, and boosting traveler satisfaction in 2019. To meet those...
Pay-As-You-Go vs. Subscription: Which model is best for your business?
Netflix does it, Spotify does it, and even razor companies have gotten on the bandwagon by offering subscription services. How...
US crude oil tankers headed to China as trade talks resume
With trade talks between the U.S. and China resuming, several ships have been identified as oil tankers likely delivering U.S....
- Entrepreneurship3 days ago
Why and how to invest in healthcare app development
- Business4 days ago
What zero trust security will mean for the payments industry
- Commodities4 days ago
Newmont Mining agrees to all-share takeover of Goldcorp Inc.
- Business3 days ago
How construction companies are embracing environmental compliance
- Featured4 days ago
The best security options for high-end luxury homes
- Business4 days ago
Oversized flyers: What should seatmates and airlines do?
- Crypto3 days ago
The status of crypto in US and China
- Business2 days ago
Gambling outlook for 2019: Will the UK’s crackdown have an impact on investors?