PALM BEACH, Florida, March 30, 2017 /PRNewswire/ --
MarketNewsUpdates.com News Commentary
Thedemand for high-quality cannabis extracts (CBD) continues to increase throughout the cannabis industry as CBD Oil is growing more prevalent in recreational cannabis as well as medical marijuana sectors fueling an aggressive rise in various consumer products.
PotNetwork Holding Inc. (OTC Pink: POTN) is pleased to announce, following the company's subsidiary, Diamond CBD's aggressive branding and marketing efforts this past quarter, that Diamond CBD's management has engaged several new distributors, achieving its highly anticipated goal of establishing a merchandising network of 7,000 authorized retail vendors. This puts Diamond CBD 'over the top' with its products now accessible at approximately 10,000 stores in the United States.
Among recent strategic marketing endeavors, Diamond CBD has made vigorous and strategic efforts to bring the company and its premium CBD products into the public eye through its attendance at notable and popular industry trade shows and conventions. Read this and more news for POTN at: http://marketnewsupdates.com/news/potn.html
Maria Gomez, Regional Vice President of Sales commented, "These conventions are an intricate part of the company's approach to building a strong and diversified network of retailers and clients. We're pleased with the tremendous success at these events. We're confident, based on what we have found thus far, that the numerous relationships established, in addition to what we have planned moving forward, will enable us to solidify a strong, industry leading position in the CBD marketplace."
PotNetwork also announced this week that Diamond CBD sales have accelerated from $1,663,081.78 for the 4 quarters of 2016 to a pace that will probably exceed $1,700,000.00 for the first quarter of 2017.
In other cannabis / marijuana market performances of note and recent developments:
Acology Inc. (OTC: ACOL) was up over 29% on Wednesday trading well above the average daily volume of more than 50.8 million shares. Acology, Inc.® markets and sells the TSOS Container™ (The Science of Storage). The container is the first-ever FDA approved polypropylene air-tight, water-tight, smell-proof delivery and storage container with a built-in grinder.
Terra Tech Corp. (OTCQX: TRTC) closed up over 3% on Wednesday at $0.29 trading over 5.4 million shares by the market close. Terra Tech Corp., a vertically integrated cannabis-focused agriculture company, after the close yesterday announced that it has rescheduled the release of its full-year 2016 results to Friday, March 31, 2017 after U.S. markets close. The company has also rescheduled its earnings conference call to Friday, March 31, 2017 at 4:30 PM Eastern. Dial-In Number: 1-857-232-0157 - Access Code: 422095.
Sipp Industries, Inc. (OTC: SIPC) closed up over 3% as well on Wednesday trading over 19.6 million shares by the market close. Sipp Industries, recently announced that upon exploration of their complementary synergies, a partnership was established to supply premium bulk hemp seed and oil for Wanderport's (WDRP) growing selection of consumer hemp-based products and premium CBD and hemp coffee line. Wanderport's premium hemp Sapa Coffee™ blends are being made available in a growing number of grocery stores and small businesses in Southern California. "As preferred bulk supplier of Wanderport's CBD and hemp-infused products, we are excited about the prospect of fueling hemp and CBD industry growth through an entirely new facet of the industry," stated Sipp Industries Chief Executive Officer, Syman Vong.
MassRoots, Inc. (OTCQB: MSRT) closed up over 5% on Wednesday at $0.95 trading over 1.1 million shares by the market close. MassRoots is one of the largest technology platforms for the regulated cannabis industry. The company's mobile apps enable consumers to make educated cannabis purchasing decisions through community-driven reviews. MassRoots is proud to be affiliated with the leading businesses and organizations in the cannabis industry, including the ArcView Group and National Cannabis Industry Association.
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