PotNetwork Holding, Inc. (OTC: POTN), through wholly owned subsidiary Diamond CBD, Inc., this morning announced promising results related to its attendance at the 2018 Global Pet Expo in Orlando, Florida. In total, the company estimates that it garnered interest from over 200 new wholesale distributors that are well suited to carry its groundbreaking CBD-for-pets product line, MediPets. “Our new MediPets line is specifically designed to manage a wide variety of symptoms in their pets with reportedly effective, non-toxic, hemp-derived cannabinoids,” Richard Goulding, CEO of PotNetwork Holding, stated in the news release. “We are pleased to be experiencing this level of interest as we expand into this new and growing sector.” According to the American Pet Products Association, Americans spent more than $69 billion on their pets in 2017, and additional market growth is expected in the years to come. Leading market research firm Technavio forecasts that the global pet care industry will achieve a compound annual growth rate of five percent from 2016-2020.
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About PotNetwork Holding, Inc.
PotNetwork Holding, Inc. (OTC Pink: POTN) is a publicly traded company that acts as a holding company for its subsidiaries, First Capital Venture Co., the owner of Diamond CBD, Inc., the maker of Diamond CBD oils. For more information, visit the company’s website at www.PotNetworkHolding.com
Pursuant to the applicable federal law, the sale or distribution of CBD with less than 0.03% of tetrahydrocannabinol by retailers may be permissible in all states. However, the local, state and federal laws regarding these issues tend to remain in flux and should be accordingly reviewed by local counsel and, as such, legal advice is not intended, but specifically disclaimed.
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