Company Continues Strengthening Presence in Billion Dollar Pet Sector
FT LAUDERDALE, Fla., May 31, 2018 (GLOBE NEWSWIRE) — via OTC PR WIRE–PotNetwork Holdings, Inc. (OTC Pink:POTN) (“Company”) wholly owned subsidiary, Diamond CBD, Inc., is pleased to announce the rapid expansion of its MediPets product line, a top quality wide spectrum of healthy dietary treats for pets, formulated to support the health and wellness of cats and dogs everywhere. To view the latest recent additions, among the complete MediPets collection of signature products, go to: https://www.diamondcbd.com/collections/cbd-for-pets
In addition to organically grown hemp-based CBD, these pet treats contain a variety of other nutritious ingredients, blended to appeal to, and improve, a cat’s or dog’s quality of life. Having an endocannabinoid system very similar to that of humans, animals also have cannabinoid receptors throughout their bodies. Whether a pet is healthy or suffering from ailment, Diamond CBD pet treats are formulated to contribute to help optimize canine or feline health.
Diamond CBD, Inc., recently spent a highly advantageous week at the 2018 Global Pet Expo in Orlando, Florida, where it garnered interest from over 200 wholesale distributors well positioned to carry the brand’s groundbreaking MediPets product line. Diamond CBD offers pet retailers a unique opportunity to participant in this growing trend identified and forecasted by leading research firms. As a result, wholesale distributors around the world are gaining increased familiarity with Diamond CBD, Inc.’s products and the Company’s innovative approach to treating health and wellness in humans, and, now in animals.
In 2017, American pet owners spent more than $69.36 billion on their pets. Of that number, nearly $15 million was spent on over-the-counter health and wellness products, a sector now enriched by Diamond CBD’s innovative “MediPets” product line. According to Euromonitor International’s presentation, State of Global Pet Care: Trends and Growth Opportunities, the global pet care industry is expected to reach $110 billion in 2017. This report cites the increasing “humanization of pets” among pet owners as a key factor contributing to over $14 billion in incremental growth to this market over the last 5 years.
Technavio, a leading market research firm, recently analyzed the global pet care industry and forecast a CAGR of 5% between 2016-2020. According to the report, rising pet ownership combined with increased consumer spending on premium natural and organic pet care products are fundamental factors driving growth. As consumer awareness of overall health and fitness issues evolves, the desire to invest accordingly in the right products heightens the demand for premium nutritional and wellness supplements. Diamond CBD, Inc. is structured to take advantage of this opportunity, bringing to market extremely high potency CBD oil extracts, formulated specifically for the unique needs of all family members.
*One of the major ingredients of the cannabis family of plants, and the source of CBD rich hemp oil, cannabidiol, has been formally recognized by the U.S. Patent Office as an “antioxidant and neuroprotectant”. Filed in 1999, and published in 2003, U.S. Patent 6630507 has recognized cannabidiol as an effective antioxidant. Antioxidants are generally useful in the treatment of oxidative diseases and are known for anti-aging effects. Treatment resistant ailments such as Alzheimer’s disease, Parkinson’s disease, and HIV dementia are mentioned in the abstract as potentially treatable with antioxidant CBD. Inflammatory and autoimmune diseases are also noted. Check out video footage of Diamond CBD, Inc. at Global Pet Expo 2018 in Orlando, Florida.
About Diamond CBD, Inc.: Diamond CBD focuses on the research, development, and multinational marketing of premium hemp extracts that contain a broad range of cannabinoids and natural hemp derivatives. Diamond CBD’s team consists of hemp industry pioneers and natural product experts, chemists, doctors and scientists, dedicated to producing the finest and purest cannabidiol (CBD) oils. The result is a robust selection considered among the most powerful natural CBD oils, tinctures, edibles, and vape liquids found anywhere. For more information, please visit its website at www.DiamondCBD.com.
About PotNetwork Holdings, Inc: PotNetwork Holdings, 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.
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Contact: PotNetwork Holdings, Inc. Investor Relations: Marisol Elwell