Diamond CBD Online Store Sold Over $1.1 million last month, a 90% increase year-over-year.
DiamondCBD.com set new record in May for its Online Sales as site was visited by over 330,000 users in last 7 days
Ft. Lauderdale, FL, June 4, 2019 -- InvestorsHub NewsWire -- PotNetwork Holdings, Inc. (OTC Pink: POTN) (the "Company") is pleased to announce that the Company's online store generated over $1.1 million in exclusive web-based sales in May 2019. Compared with May 2018, in which online sales totaled $569,671, May 2019's record online revenues represent a year-over-year increase of over 90%.
Diamond CBD's online sales reflect a continual impressive growth of the readership of its website. Recent analytics show that over 330,000 users visited the website in the last 7 days alone.
A recent report by Cowen Analysts published by Forbes gave the following updated outlook for CBD sales which are now projected to be: "…$16 billion by 2025. This number is an immense jump from the estimated retail sales of CBD products in 2018 that ranged between $600 million and $2 billion." Of the findings that New York-based investment bank Cowen & Co. conducted on the CBD market, one of the most intriguing facts was that nearly 7 percent of the 2,500 polled said they had used CBD. This figure was far higher than what the Cowen analysts had expected.
"As our product lines and distribution continue to expand, and our brands continue to gain in popularity, we believe that we are well positioned to continue to take advantage of this exploding market." stated Kevin Hagen, CEO of PotNetwork Holding, Inc.
