PotNetwork Holdings, Inc, through Diamond CBD, Inc., its fully-owned subsidiary, recently launched a line of CBD-infused chocolate edible candies under the brand Choco Budz. For some time now, this company has been an industry leader selling a range of CBD oils, edibles, and tinctures. The Choco Budz under Diamond CBD seeks to claim a stake in what industry analysts project as a $161 billion global market for chocolate delicacies and snacks.
At the moment, the global chocolate market sits at about $103 billion, with many in the industry forecasting growth at a CAGR of about 7% over the coming 7 years.
The newly established Chocho budz lineup branded CBD infused chocolate edibles have been creatively designed to resemble pieces of whole flower, thus making them identifiable instantly to people who enjoy having a good time. The chocolate edibles have been made from fully-natural CBD-derived hemp and come in five flavors. These are infused strawberry, infused banana, infused grape, infused Moonrocks, and original chocolate.
Kevin Hagen, the CEO of PotNetwork Holdings, says that the Chocho budz line up launch is motivated by research reports that show that CBD edibles are pulling new consumers into the market. With the rapid growth of the chocolate industry too, the two will marry and make a perfect sense. Hagen believes that this is an excellent opportunity for expanding their demographic.
PotNetwork Holdings is still moving forward following the company’s recent announcement that reported revenue of $25 million for the 2018 fiscal year. They have also filed a Form 10 registration statement with SEC to register the stock of the company under the Securities Exchange Act of 1934.
This company dedicates much of its resources on research, developing, and marketing premium hemp extracts with a wide range of cannabinoids and the derivatives of natural hemp. The team of Diamond CBD consists of pioneers in the hemp industry, doctors, chemists, scientists and product experts dedicated to making fine and pure CBD oils. Diamond CBD vape liquids, oils, edibles, and tinctures can be found everywhere. You can learn more about this company on their website, www.DiamondCBD.com.
This is a publicly traded company which acts as its principal subsidiary’s holding company, the owner of Diamond CBD, Inc., and the marker of Diamond CBD’s products. More about PotNetwork Holdings can be found on www.potnetworkholding.com.