CBD Oil Development Continues to be a Major Pillar of the Cannabis Industry due to Variety of Uses in Consumer Products

Thursday, March 30, 2017 Drug News
Email Print This Page Comment bookmark
Font : A-A+

PALM BEACH, Florida, March 30, 2017 /PRNewswire/ --

MarketNewsUpdates.com News Commentary 

The

demand 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.
Cannabis, CBD, Legal Marijuana companies with recent news developments and market performances of note in the industry include: PotNetwork Holding Inc. (OTC: POTN), Acology Inc. (OTC: ACOL), Terra Tech Corp. (OTC: TRTC), Sipp Industries, Inc. (OTC: SIPC), MassRoots, Inc. (OTC: MSRT).

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.

DISCLAIMER: MarketNewsUpdates.com (MNU) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. MNU is NOT affiliated in any manner with any company mentioned herein. MNU and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. MNU's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. MNU is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For services performed MNU has been compensated nine thousand nine hundred dollars for news coverage of the recent, current and future press releases issued by PotNetwork Holding, Inc. by a non-affiliated third party. MNU HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MNU undertakes no obligation to update such statements.

Contact Information: Media Contact email: [email protected] +1-(561)-325-8757

SOURCE MarketNewsUpdates.com



Post your Comments

Comments should be on the topic and should not be abusive. The editorial team reserves the right to review and moderate the comments posted on the site.
* Your comment can be maximum of 2500 characters
I agree to the terms and conditions

News A - Z

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

News Search

Medindia Newsletters

Subscribe to our Free Newsletters!

Terms & Conditions and Privacy Policy.

Find a Doctor

Press Release Category

Press Release Archive

Stay Connected

  • Available on the Android Market
  • Available on the App Store