CBD Based Products Fueling Cannabis Industry
Revival
Palm Beach, FL - June 27, 2017 - InvestorsHub NewsWire - The
growing legal changes in the U.S. and Canada where approved at some
level of marijuana operations for both medicinal and recreational
use, as well as advancements into the process of extracting the
cannabis compound called CBD, has fueled a quickly rising interest
in legal marijuana, cannabis and CBD based products. Recent
estimates put the recreational segment alone for marijuana products
at a staggering $20 billion per year. Cannabis companies in
the market this week include: PotNetwork Holding Inc.
(OTC:
POTN), Dewmar International BMC Inc. (OTC:
DEWM), MYM Nutraceuticals Inc. (OTC:
MYMMF) (CSE:MYM),
Hemp Inc. (OTC:
HEMP) and Medical Marijuana Inc. (OTC:
MJNA)
PotNetwork Holding Inc. (OTC:
POTN) News - Diamond CBD Chill Gummy Line Completely
Sells Out, and Manufacturing Expands to Meet Consistently
Increasing Demand. PotNetwork Holding announced today
that the Companys subsidiary, Diamond CBD has entirely sold out of
its increasingly popular proprietary Chill Gummy line. The
past six months of trade show, expo, and convention attendance have
demonstrated Managements determined commitment to achieve strong
results, yielding in product demand requiring significant expansion
of its manufacturing operations. The Companys Chill Gummy inventory
is slated to be restocked within approximately two weeks.
Read this and more news for PotNetwork Holding at http://www.marketnewsupdates.com/news/potn.html
Diamond CBD has projected an $8 Million annual revenue target
for 2017. As a result of dominant representation at various
industry trade shows and conventions combined with its ongoing
strategic publicity efforts, the Company continues to build
considerable momentum, clientele and brand recognition.
PotNetwork Holdings Diamond CBDs most recent attendance at the
SeeThruEquity event resulted in an equity analyst setting a
possible price target for the Companys shares of $0.25 per
share. Other recent road show/expo attendance included a
presentation at the 7th Annual LD Micro Invitational, being a
featured guest on a national radio and webcast, launching new
product lines at a major New York trade show, and receiving a
positive reception at the Fourth Annual Cannabis World Congress
& Business Exposition,"2017 CWCBExpo, the definitive business
event of the cannabis industry. The Company has also recently
presented at the 2017 Marcum Microcap Conference, and attended the
Southeast Cannabis Conference & Expo.
CBD Chill Gummies were introduced to the market shortly after
the Companys inception. These tasty CBD Chill Gummies claim
center stage within Diamond CBDs premium product line, quickly
becoming the Companys most popular and delectable signature
treats. Diamonds CBD infused Chill Gummy line consists of a
wide range of popular flavors.
In other related industry developments:
Dewmar International BMC Inc. (OTC:
DEWM) closed up over 40% on Monday with over 139 million shares
traded by the market close. Dewmar recently announced its Profit
Reinvestment Program (PREP) which was formed in 2015 to earmark up
to $4,000,000 in retained earnings towards a series of synergistic
business opportunities with the objective of creating diversified
revenue streams for the Company. PREP Investments focused primarily
on three sectors; these are: (1) Healthcare Services/Technologies
(2) Healthcare Real Estate and (2) Entertainment/Media Investments.
The Company will announce investments in each sector over a
three-part series. This is Part 1 of that series and focuses on
investments made in Healthcare Services/Technologies.
MYM Nutraceuticals Inc. (OTCQB:
MYMMF) (CSE:MYM.CN)
closed up over 13% at $0.5411 with trading volume north of 426,000
on the OTC Markets Monday and closed up on Monday on the CSE
Canadian exchange at $0.62 trading over 7.6 Million shares by the
market close. MYM recently announced it has acquired the brand
'Joshua Tree', which includes the acquisition of the domains:
jtree.com, jtree.ca, joshuatreecbd.com and joshuatree.life. MYM has
also filed trademark applications in the USA and Canada for Joshua
Tree and plans to completely re-brand MYM-owned CBD brand
'HempMed'. The new Joshua Tree product line will be launched this
year in Canada, USA and Europe and will include up to 5 new
innovative CBD products.
Hemp Inc. (OTC:
HEMP) finished Monday up 11.82% with nearly 20 million shares
traded by the market close. Hemp recently announced that the
milling portion of its industrial hemp decorticator is now online
for beta testing and debugging. The disconnect switch, which
connects the power to feed the 200-horse power motor on the
grinder, was the final piece executives were awaiting to power up
the mill. With the disconnect switch now installed, the team has
powered up its hemp mill to beta test and debug the equipment. So
far, the team has encountered some small software communication
issues, but according to David Schmitt, COO of Hemp, Inc.'s wholly
owned subsidiary, Industrial Hemp Manufacturing, LLC, those types
of issues are the norm for the milling machinery and were
expected.
Medical Marijuana Inc. (OTC:
MJNA) closed Monday afternoon up 2.91% on over 6.3 million
shares traded by the market close. The company recently announced
that its major investment company AXIM Biotechnologies, Inc.
(OTC
QB: AXIM), a world leader in cannabinoid research and
development, filed with the United States Patent and Trademark
Office (USPTO) for U.S. Application Serial Number 62/410,469, a
patent of invention that involves a chewing gum composition with
controlled release of cannabinoids and opioid agonists and/or
antagonists for addiction and/or dependence treatment. The chewing
gum may also be used for treatment of chronic pain. "We are proud
of AXIM Biotech on this milestone achievement that brings the
Company one step closer toward entering the $100 billion market in
pain management," said Medical Marijuana, Inc. CEO Dr. Stuart
Titus.
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