PALM BEACH, Florida, April 5, 2017 /PRNewswire/ --
MarketNewsUpdates.com News Commentary
The demand for cannabidiol - CBD oil products continue to grow rapidly not only in the US, but across the globe, and industry leaders are aiming to capitalize on that through importing and exporting efforts, increasing operations in foreign markets. CBD oil is rising in popularity with consumers as one of the hottest sectors of the cannabis industry. Cannabis companies with developments and market performance of note this week include: PotNetwork Holding Inc. (OTC: POTN), Puration, Inc. (OTC: PURA), MyDx, Inc. (OTC: MYDX), Surna Inc. (OTC: SRNA), Sipp Industries, Inc. (OTC: SIPC).
PotNetwork Holding Inc. (OTC: POTN) is pleased to announce that the Company's subsidiary, Diamond CBD, has entered into an agreement to deliver and distribute its premium cannabidiol (CBD) product line into the thriving China industry, one of the largest consumer markets in the world. PotNetwork has partnered with a U.S.-based company that provides international business and consulting services and sources, and distributes industrial commodities in China and the Americas. The Company provides a platform to support, develop, and nurture these international businesses opportunities, which will play a vital role in the ongoing globalization of economic activity. The Company possesses a unique ability to identify emerging market opportunities and provide comprehensive solutions or services relevant to conducting international business. With a comprehensive knowledge of the innate practices of Chinese commerce blended with experience within the U.S. and the Americas, the Company offers a compelling advantage, enabling capitalization on the growth of the Chinese economy as well as other emerging markets such as Peru, Bolivia, Chile and Ecuador. Read this and more news for POTN at: http://marketnewsupdates.com/news/potn.html
The Company will be making its most popular products available including: Diamond's popular Chill and Relax Gummies, a tasty selection more than 200 flavored CBD Hemp Oils, Blue CBD Crystals Isolate, Relax Extreme CBD collection, CBD Shots, quality Vape Additives, and more.
"We are thrilled to be stepping into this enormous and advantageous segment of the industry. The incredible opportunities opening before us are a significant indicator of how robust the growth potential is in this sector." stated Emily Smith, Vice President of Marketing. China has a consumer base of nearly 1.5 billion people. With equivalent to over 18% of the total world population, consisting of consumers that predominantly embrace homeopathic and natural remedies, forecasts for the newly emerging CBD market in China represent outstanding potential. Smith concluded, "CBD supplements are so new in the market, that forecasts still vary considerably, a perfectly ideal point in time to be bringing our top-quality product line into the market. We are prepared to be a pioneer and choice CBD oil provider that can empower the health conscious Chinese population with top quality premium supplements."
In other industry related developments and market performances of note:
Puration, Inc. (OTC: PURA) closed up over 37% on Tuesday, trading just under 10 million shares traded by the market close. Puration, Inc. and NCM Biotech, Inc. yesterday announced that NCM Biotech has licensed to PURA, the right to utilize NCM Biotech's patented cannabis extraction process to produce cannabis extracts for infusion into recreational, fitness wellness, alternative medicine and beauty products. NCM Biotech exclusively owns U.S. Patent No. 9,199,960, entitled "METHOD AND APPARATUS FOR PROCESSING HERBACEOUS PLANT MATERIALS INCLUDING THE CANNABIS PLANT". The license of the process to PURA is the first and only license NCM Biotech has executed, a license agreement to accelerate FDA Approval of candidate pharmaceutical products.
MyDx, Inc. (OTCQB: MYDX) also closed up on Tuesday, trading over 45.6 million shares by the market close. MyDX, Inc. recently stated that the Company continues to develop, it will focus on monetizing its unique data set, leveraging the liquidity from its current capitalization structure for strategic acquisitions and on continued global sales and market penetration of the MyDx analyzer and related consumable products. MyDx is a chemical detection and sensor technology company based in San Diego, California, whose mission is to help people Trust and Verify®, what they put into their minds and bodies.
Surna Inc. (OTCQB: SRNA) closed up over 6% at $0.20 on Tuesday, trading over 2 million shares by the market close. Surna Inc. develops innovative technologies and products that monitor, control and/or address the energy and resource intensive nature of indoor cannabis cultivation. Currently, the company's revenue stream is based on its main product offerings - supplying industrial technology and products to commercial indoor cannabis grow facilities.
Sipp Industries, Inc. (OTC: SIPC) closed up slightly on Tuesday, trading over 7.9 million shares by the market close. Sipp Industries, a multifaceted corporation specializing in technology, manufacturing, and distribution of commercial and consumer products, announced in late March that upon exploration of their complementary synergies, a partnership was established to supply premium bulk hemp seed and oil, for Wanderport's (WDRP) growing selection of consumer hemp based products and premium CBD and hemp coffee line.
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