MarketNewsUpdates.com News Commentary
Growing Demand For CBD Based Products
Palm Beach, FL, Aug 30, 2017 AEST (ABN Newswire) - In an article published on Forbes last week*, Hemp-derived cannabidiol (CBD) is projected to be a billion-dollar market in just three years, according to a new report by Brightfield Group*. Revenues being generated from the legal cannabis and marijuana market continues to push upward as leaders throughout the industry announce positive financial results and aim at surpassing initial benchmarks set last year. This growth in the multi-billion market is providing strong revenue potentials for companies such as: PotNetwork Holding Inc. (
POTN:OTCMKTS), Canna Consumer Goods, Inc. (CBMJ:OTCMKTS), Hemp, Inc. (HEMP:OTCMKTS), Medical Marijuana, Inc. (MJNA:OTCMKTS), Cannabis Science Inc. (CBIS:OTCMKTS)
PotNetwork Holding Inc. (POTN:OTCMKTS) announced today that the Company has officially retained the auditing services East West Accounting Services, LLC, a Public Company Accounting Oversight Board (PCAOB) registered CPA firm, based out of South Florida. The firm will provide a methodical review and analyzation, to deliver a detailed report of the Company's recent revenues and provide credible verification. Read this and more news for POTN at: http://www.marketnewsupdates.com/news/potn.html
East West Accounting Services, LLC is a Public Company Accounting Oversight Board (PCAOB) registered CPA firm, which provides audit, review, and consulting services to smaller capitalized public companies that are required to provide financial information with the Security and Exchange Commission.
Management has long strategized the initiation of a PCAOB audit, whereas transparency is key to the Company's strategy for growth and fortification. Strategically, management prepared for a level by which the time and money required to proceed was warranted. A a string of positive and profitable corporate events are the catalyst for Diamond CBD's achievement of this level, by which the Company has taken a proactive approach to deepen accountability in the public marketplace.
"We believe that the timing for this action is now. In consideration of the amount of momentum built up over the past 6 months, coupled with reported revenues of $5,077,625 for the first 6-months of fiscal 2017, the only logical next step was to initiate the auditing process, whereby the market can recognize the significance and legitimacy of the Company's position, enabling the stock to begin better reflecting the Company's true growth in value." Stated, Gary Blum, Chief Executive Officer, PotNetwork Holding Incorporated.
In other industry developments and market performances of note:
Canna Consumer Goods, Inc. (CBMJ:OTCMKTS) Developments: Canna Funding Solutions who provides advertising and marketing funding for companies in the cannabis sector announced today that they have purchased $100,000.00 in media placements with premier cannabis broadcasting company Canna Broadcast Media/Loudmouth News http://cannabroadcastmedia.com/
The mainstream media will be used to promote companies that we seek to invest in during the MJAC2017 Investorshub International Cannabis Conference powered by Canna Broadcast Media in Los Angeles Sept. 1st-2nd 2017 http://mjac2017.com/
Canna Broadcast Media/Loudmouth News who has established relationships in Radio, Print, TV, and online media on a national basis produces several cannabis based content programs including Loudmouth News currently cleared to air on over 700 radio stations nationwide.
Hemp, Inc. (HEMP:OTCMKTS) announced this week The Hemp University will hold its 4th educational symposium entitled: The Hemp Oil Event (The Art & Science of CBD Oil) on Saturday, September 30, 2017 from 8:30am - 5:00pm. The event will be held at the Peachtree Hills Country Club, 3512 Peachtree Hills Road, Spring Hope, NC 27882. The educational symposium, The Art & Science of CBD Oil, will bring attendees up to speed on all business and scientific aspects of Industrial Hemp CBD cannabinoids by disseminating current, reliable information that continues to shape the revolutionary CBD market.
Medical Marijuana, Inc. (MJNA:OTCMKTS) announced last week that its subsidiary, Kannaway LLC the first hemp lifestyle network to offer cannabidiol (CBD) hemp botanical products is holding an exclusive Red-Carpet Event in Phoenix, AZ this weekend, August 26th. The Red-Carpet Event provides a unique opportunity to network with top Kannaway leaders, the company's executive team and other industry professionals. Participants will hear from executive team members, including Kannaway CEO Blake Schroeder, President Brad Tayles and CEO of Kannaway parent company Medical Marijuana, Inc., Dr. Stuart Titus. Additionally, the Red-Carpet Event will provide Kannaway business owners with exclusive opportunities to accelerate their success as brand ambassadors by hearing from some of the top leaders and highest income earners.
Cannabis Science, Inc. (CBIS:OTCMKTS), a U.S. company specializing in the development of cannabinoid-based medicines, and Free Spirit Organics Native American Corporation (FSO NAC) are announced late last week significant comprehensive educational, economic, and property development plans are underway for its 250-acre CBIS/FSO NAC MBS industrial hemp project. To date, there have been approximately 25-30 part-time workers from the community hired so far, and it is expected that another 50-75 people will be hired before the harvest is completed. The harvesting process is very labor intensive and very seasonal until the staggering process has been completed for year-round harvesting.
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Article in Forbes, link:
http://www.abnnewswire.net/lnk/9498EV7T
Brightfield Group report, link:
http://www.abnnewswire.net/lnk/WUOZ3YX1
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