PotNetwork Holdings Inc (OTCMKTS:POTN) reported that the company has obtained a purchase order for over $400,000 worth of its premium lineup of CBD products from Yuka E-Commerce. The company stated tis order came through its 100% owned subsidiary Diamond CBD, Inc.
Kevin Hagen, the CEO of PotNetwork, expressed that the key to their success has been innovation with their product lines as well as with their sales and marketing channels. Yuka is a reputed name in the e-commerce market, so they took the very first opportunity to associate with them. This deal brings them in a good position to fulfill their promises made to their customers as well as shareholders.
Diamond is a known name in the industry of CBD industry. More recently, the company posted revenue of more than $25 million for FY2018. The market of CBD products is expected to tough as high as $22 billion in the upcoming five years. Diamond recorded its presence at CHAMPS Trade Show held in Atlantic City. During the event, they garnered substantial interest by showcasing their new products in their popular line of CBD gummies and tinctures, including their portfolio of CBD Dried Fruits. They also got a chance to demonstrate their CBD-infused chocolate snacks, which are sold under the Choco-Budz name.
As per the latest report, PotNetwork subsidiary plans to extend its association with Yuka, which is a subsidiary of Grand Capital Ventures, Inc. (OTCMKTS:GRCV). Yuka’s performance in the e-commerce industry has been remarkable.
PotNetwork is no behind from its subsidiary Diamond in making news in the Cannabis industry. The firm recently submitted a Form-10 Registration Statement with the U.S. SEC to list its command stock as per the Securities Exchange Act of 1934.
Mark the presence
More recently, PotNetwork demonstrated its latest CBD offerings to mote that 20,000 cannabis industry insiders at the CWCBExpo held in New York City from May 29, 2019, through June 1, 2019. The company showcased several new offerings to complement their famous product line of CBD gummies and tinctures. Their product portfolio also included the premium selection of CBD infused edibles and CBD dried fruits. The company’s popular CBD Slushy machines, which are already a big hit around Florida, also were showcased during the event.