DiamondCBD.com- the web-based CBD retailer- has made the announcement of over $1.1 million generated in exclusive online sales as of May 2019. That is over 90% increase in just a year. Back in May 2018, the online sales only came to a total of $569,671, and now the CBD product store is recording over one million in web-based sales.
Yet even more intriguing is the number of visitors to the online store. In the past seven days, DiamondCBD web analytics show that the online CBD store had over 330,000 users on its platform. The data is reflective of the marked jump in the estimated number of retail sales of the CBD brand.
Does this beg the question? Does the tremendous brand exposure equal uniquely positioning DiamondCBD onto a profitable company?
As a CBD retailer, DiamondCBD and its parent company, PotNetwork Holdings, recognize that the best way to supercharge their product brand is to create awareness and get more sales. That is especially the case considering the recent report by Cowen Analysts.
The research findings published by Forbes revealed that projected CBD sales are bound to increase particularly after the Farm Bill passed last year. Ratings by Cowen Analysts put the apparent revenue of the market at $16 billion by 2025. Besides, the study estimates the figures to be a significant jump from the previous estimates of retail sales of 2018. Of the findings, Cowen and Co report that 2018 saw CBD retail sales of between $600 million and $2 billion.
However, the most fascinating aspect of this release is the fact that the Cowen Investment bank found out that nearly 7 percent of the survey respondents had experience using CBD. The values were regarded as quite higher than Cowen analysts had expected considering the survey polled 2,500 individuals.
CBD has become a cultural phenomenon, and DiamondCBD online store shows how lucrative and unsaturated the sector is for business. As the industry develops, the brand would see the opportunity to expand, and work with companies providing specialized and high-quality CBD products.
In regards to this potential, CEO of PotNetwork Holdings Inc, Kevin Hagen states:
“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.”
It remains the company's goal that DiamondCBD is reflective of a reliable store that stays on top with quality products and trendy development.
DiamondCBD, the ‘Shop All' CBD product platform is a subsidiary focused on CBD research, innovation and development. The platform is dedicated to coming up with innovative, and diverse hemp extracts responsible for producing the broad profile of CBD products.
About PotNetwork Holdings
PotNetwork Holdings Inc. operates as a publicly traded holding company with subsidiaries focused on the cannabis industry and related aspects. The company is backed with a trusted number of managers, advisors, doctors, industry specialists and medical professionals looking to make the best out of the CBD industry.