Optimism Grows for Legal Marijuana, Hemp and CBD-based Products Market

Thursday, August 3, 2017 General News
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MarketNewsUpdates.com News Commentary

PALM BEACH, Florida, August 3, 2017 /PRNewswire/ --

The legal

cannabis market which includes many different levels of products and services, is still projected to grow by leaps and bounds, even with the uncertainty of Governmental legislature direction. According to Headset Research data, in Washington
state
alone there are over 800 CBD-based products in the marketplace. Companies taking advantage of the continued growth include: PotNetwork Holding Inc. (OTC: POTN), Leafbuyer Technologies, Inc. (OTC: LBUY), Hemp Inc. (OTC: HEMP), Acology, Inc. (OTC: ACOL), OWC Pharmaceutical Research Corp. (OTC: OWCP).

PotNetwork Holding, Inc. (OTC: POTN) News: PotNetwork Strategizes to Deliver Results on Strengthened Momentum, with over $5 Million in Diamond CBD Sales for the First Two Quarters of 2017 - is pleased to announce today that its wholly-owned subsidiary, Diamond CBD, Inc., reported quarterly sales of $3,219,277 surpassing its first quarter's revenues of $1,858,347, by a considerable 73%, also representing an increase of1, 495% over 2016's second quarter's revenues of $201,885.

With Management's determined resolve to solidify the Company's incumbent position in the industry, market leading tradeshow and event participation have become foundational to the Company's development strategy. Upon each event, Diamond CBD has grown before a revolving audience of brand-new prospects, adding substantially to the existing consumer base generating a sizable boost event after event. Read this and more news for POTN at: http://www.marketnewsupdates.com/news/potn.html

With the extent of publicity that Diamond CBD has been getting on a public level, along with the rate of consumer satisfaction and popularity, notable and distinguished sources have begun to take note, with PotNetwork being reviewed unsolicited, alongside other industry leaders by the likes of Forbes magazine online. "We are focused on building a robust impact very early in the industry. In the cannabis market, timing is so important. As the political landscape continues to evolve, and Cannabis continues to deliver positive results, the room for growth is substantial. The firmer foundation we can establish right now, the more exponential the long-term results are expected to be. Our long-term vision is expansive," stated Maria Gomez, Regional Vice President of Sales of Diamond CBD, Inc.

The trend of record breaking quarters continues with strong momentum. Diamond CBD has reported that the past six months of trade show, expo, and convention attendance, demonstrating Management's determined commitment to achieve strong results, had yielded product demand requiring significant expansion of its manufacturing operations, which the Company is managing successfully.

In other industry market performances and developments of note: 

Leafbuyer Technologies, Inc. (OTC: LBUY) closed up over 7% on Wednesday at $1.80 trading over 430,000 shares by the market close. Leafbuyer Technologies announced this week its 2017 sales expansion strategy into West Coast legal cannabis markets. This expansion includes recreational markets in Washington and Oregon and medical markets in California. "As Colorado's largest online cannabis deals network, we believe that we are well positioned to take advantage of the legalization of recreational cannabis in California set to open in 2018. Now is the right time to duplicate the success we have had in Colorado and grow our presence nationally," said Mark Breen, VP of Business Development.

Hemp Inc. (OTC: HEMP) closed up over 75% on Wednesday on heavy trading of over 280 million shares traded by the market close. Hemp announced yesterday that after 3 1/2 years, millions of dollars spent on purchasing, disassembling, transporting, reassembling, rebuilding, refurbishing, beta testing and debugging, the largest multipurpose industrial hemp processing facility in the Western Hemisphere is now operational and is processing its first product. The milestone coincides with Hemp, Inc.'s installation of its Nixon Tech CO2 Supercritical Extractor, the planting of hundreds of acres of industrial hemp and high CBD hemp in North Carolina, Kentucky, Colorado, Nevada, and Oregon and the successful establishment and ongoing monthly hemp educational seminars via The Hemp University at Louisburg College in Louisburg, North Carolina. Executives were ecstatic to see the mill processing and packaging for the first time after a laborious 3+ years.

Acology, Inc. (OTC: ACOL) closed up over 12% on Wednesday trading over 4.8 million shares by the market close. Acology announced this week that they extinguished a large portion of their present debt by retiring the company's 3rd party conversion note and, for the first time in it's history, have attained sole-possession of the company. The company now intends to use the leverage gained from reducing this considerable debt to continue with the aggressive projects planned for this year. Several strategic projects currently in development, including the final negotiations to purchase EZ Health Solutions and expanding into the CBD and cannabis extract market, will become the focus of the expansion. The company's debt-reduction also advances Ecology's plans to move to the OTC-QB.

OWC Pharmaceutical Research Corp. (OTCQB: OWCP) closed up over 10% on Wednesday at $0.38 trading over 1.9 Million shares by the market close. OWC Pharmaceutical Research Corp., through its wholly-owned Israeli subsidiary, One World Cannabis Ltd., conducts medical research and clinical trials to develop cannabis-based pharmaceuticals and treatments for conditions including multiple myeloma, psoriasis, fibromyalgia, PTSD, and migraines. OWCP is also developing unique delivery systems for the effective delivery and dosage of medical cannabis.

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 is 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 current services performed MNU has been compensated three thousand dollars for news coverage of the current press release 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.

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SOURCE MarketNewsUpdates.com



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