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U.S. Reps Comer, Goodlatte, Massie, and Polis Introduce Bipartisan Industrial Hemp Bill

July 28, 2017 by Paradox Leave a Comment

WASHINGTON, DC, July 28, 2017 – Congressmen James Comer (R-KY), Bob Goodlatte (R-VA), Jared Polis (D-CO), and Thomas Massie (R-KY) introduced federal legislation to end unnecessary and outdated regulations on industrial hemp.  The Industrial Hemp Farming Act exempts industrial hemp from the Controlled Substance Act’s definition of marijuana, creates a new category for hemp research at universities and state departments of agriculture, and allows for further commercialization of industrial hemp crops.

“I am honored to sponsor the Industrial Hemp Farming Act because I know firsthand the economic viability of industrial hemp.  Hemp has created new opportunities for family farmers and good paying jobs for American workers, especially in Kentucky,” said Rep. Comer who led the successful industrial hemp efforts in Kentucky as the Kentucky Commissioner of Agriculture.

“Industrial hemp isn’t a new crop to the United States, but most Americans aren’t aware of the wide range of legitimate uses for it. I’ve met many Virginia farmers who are ready to commercially produce and create a market for industrial hemp in the U.S., but outdated, though well-intentioned, federal restrictions on the cultivation and commercialization of this crop stand in the way. By removing industrial hemp from the definition of a controlled substance, the Industrial Hemp Farming Act will finally allow for responsible, commercial production of industrial hemp without fear of violating federal law. This bipartisan legislation is the product of many months of robust discussion with both lawmakers and stakeholders. I am pleased to see it introduced today, and I look forward to moving this legislation through the House,” said Congressman Bob Goodlatte.

“Industrial hemp is a sustainable crop and could be a great economic opportunity for Kentucky farmers,” said Rep. Massie. “I’m optimistic that we can get the Industrial Hemp Farming Act to the President’s desk this Congress. In 2014, for the first time in over half a century, hemp was grown and harvested in Kentucky under the pilot programs allowed by the Polis-Massie-Blumenauer amendment to the 2014 Farm Bill. I look forward to working with Congressman Comer to build on that momentum to give our nation’s farmers and manufacturers more opportunities to compete and succeed in the global economy. I am proud to be an original co-sponsor of this bill introduced by Congressman Comer, who was instrumental in bringing the hemp industry to Kentucky as Agricultural Commissioner,” Massie added.

“Hemp has boundless potential as a sustainable alternative to plastics and other environmentally harmful products,” Polis said.  “It can be used in everything from construction materials to paper to lotions and even ice cream.  It’s past time that we eliminate absurd barriers and allow hemp farmers to get to work, create jobs, and grow this promising and historically important crop!”

Kentucky is widely viewed as one of the leading industrial hemp producing states.  Both Kentucky’s U.S. Senators, Mitch McConnell and Rand Paul, are strong supporters of industrial hemp and worked together with Rep. Thomas Massie to add language in the 2014 Farm Bill to allow further growth of industrial hemp crops in states that passed regulatory framework.  Comer’s bill will take industrial hemp to the next level and begin to treat hemp like corn, soybeans, wheat, and other traditional farm crops.

Filed Under: News

Consumer Demand and Wave of Innovation in CBD Cannabis Market Exploding

July 25, 2017 by Paradox Leave a Comment

PALM BEACH, Florida, July 25, 2017 — Multiple companies within the cannabis space are reporting record high revenues as the industry continues to rapidly evolve and CBD-based products are in hot demand with consumers. The Dept. of Justice’s view of cannabis and legal marijuana operations appears to have had little effect on expanding growth in the market. New niches, products and areas of specialization continue to pop up for use in beverages, foods, recreational and medicinal uses for companies such as: PotNetwork Holding Inc. (OTC: POTN), Marijuana Company of America (OTC: MCOA), Amfil Technologies Inc. (OTC: AMFE), Terra Tech Corp. (OTC: TRTC) and Medical Marijuana Inc. (OTC: MJNA)

PotNetwork Holding, Inc. (OTC: POTN) News: Potnetwork Holding’s wholly-owned subsidiary ‘Diamond CBD Takes in Over $300,000 in Sales at CHAMPS Summer Show‘ at the Las Vegas Convention Center – POTN announced today that wholly-owned subsidiary, Diamond CBD, was recently showcased at the CHAMPS Trade Show held at the Las Vegas Convention Center last week, generated record-breaking results with orders reaching $300,000 over the 3-days featured at the event.

The Champs Events have been regularly advantageous for Diamond CBD. The first two shows of the year, where the Company’s premium CBD hemp oils, edibles, and other specialty products were featured, yielding the Company valuable publicity and record sales. The Summer Vegas Trade Shows are historically the second largest and second most attended CHAMPS shows of the year. Read this and more news for POTN at: http://www.marketnewsupdates.com/news/potn.html

With the extent of publicity that Diamond CBD has been getting on a public level, along with the rate of consumer satisfaction and popularity, notable and distinguished sources have begun to take note, with PotNetwork being reviewed unsolicited, alongside other industry leaders by the likes of Forbes magazine online. The trend of record breaking quarters continues with strong momentum. Diamond CBD has reported that the past six months of trade show, expo and convention attendance, demonstrating Management’s determined commitment to achieve strong results, had yielded product demand requiring significant expansion of its manufacturing operations, which the Company is managing successfully. The Company plans to keep shareholders updated as events unfold with its new product lines, and other projects currently underway.

In other industry market performances and developments of note:

Marijuana Company of America (OTC: MCOA) closed up over 4% on Monday with over 11.4 million shares traded by the market close. Marijuana Company of America, Inc., a cannabis and hemp company, announced last week that it has contributed the first installment of capital to Bougainville Ventures, Inc. (“BV”) in partial satisfaction of the joint venture agreement entered into earlier this year in Washington State. MCOA received $375,000 in its first round of financing. This investment will contribute to funding the development of a state-of-the-art 30,000 sq. ft. greenhouse grow facility in Oroville, Washington. Once completed, the greenhouse facility will accommodate a cannabis production and processing tenant with a Tier 3, I-502 license with significant experience growing cannabis. The total principal amount of the convertible note that MCOA executed with its financing partner is $752,500, with a 16 month term and 10% annual interest rate. Additional rounds of financing will be received as part of this note, which MCOA intends to invest in BV in satisfaction of the terms of its JV agreement.

Amfil Technologies Inc. (OTC: AMFE) started out the week closing up over 6% on Monday with more than 3.9 million shares traded by the market close. The company also announced last week that its sales team has received a purchase order commitment to outfit a portion of an up and coming Canadian cannabis cultivator with 5 EcoPrO3 GRO3 Antimicrobial Systems as well as 100 Roto-Gro Hydroponic Systems. The EcoPrO3 GRO3 and Roto-Gro systems will be integrated into a designated area of this new facility, intended for producing organic cannabis products. The new facility is in development and is located in Ontario, Canada. The proposed setup for the Roto-Gro + EcoPrO3 GRO3 technology will have each EcoPrO3 GRO3 system servicing 20 Roto-Gro hydroponic systems. There will be a total of 5 ‘sets’ of 20 Roto-Gro hydroponic units with a dedicated EcoPrO3 GRO3 system servicing each group.

Terra Tech Corp. (OTCQX: TRTC) closed down yesterday trading over 12.1 million shares by the market close. The Company recently announced it is ramping up its marketing campaign for its subsidiary, Edible Garden®, a provider of fresh, locally grown herbs and leafy greens nationwide. As part of the Company’s new marketing campaign, Edible Garden has secured a feature slot for its nutritionally-enhanced SUPERLEAF™ salad on the television show ‘Plant Based by Nafsika’, on A&E’s FYI Channel at 7:30 am ET on July 26, 2017. In addition to being featured in the episode, Edible Garden will also air commercials during the program’s advertisement breaks. The exposure to Plant Based by Nafsika’s audience is expected to increase brand recognition among Edible Garden’s core target customer base in the healthy living sector. Read more here: https://finance.yahoo.com/news/terra-tech-corp-subsidiary-edible-123000230.html.

Medical Marijuana Inc. (OTC: MJNA) also closed down on Monday trading over 9.7 million shares by the market close. MJNA recently announced that it and its subsidiary HempMeds® Brasil garnered extensive media coverage across Brazil about the Company’s growth and the booming cannabis market across U.S. and Latin America. A July 16, 2017 article from Rio de Janeiro-based Brazilian newspaper O Globo ‘Negócios que dão a maior onda’, or ‘In the cannabis market, these businesses will get you high’, which was picked up by several other major news outlets across the Country, discussed the explosive growth projected for the cannabis market in the U.S. and Latin America and recent advances in legislation. The article also featured a global AFP photo of Medical Marijuana, Inc.’s products taken at the 4th Annual Cannabis World Congress and Business Expo in New York City in June 2017.

DISCLAIMER: MarketNewsUpdates.com (MNU) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. MNU is NOT affiliated in any manner with any company mentioned herein. MNU and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. MNU’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. MNU is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed MNU has been compensated seven thousand five hundred dollars for news coverage of the current press release issued by PotNetwork Holding Inc. by a non-affiliated third party. MNU HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MNU undertakes no obligation to update such statements.

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Filed Under: News

Sales of CBD and Hemp Products are Projected to Grow

July 24, 2017 by Paradox Leave a Comment

NEW YORK, July 24, 2017 — According to a repot by the Hemp Business Journal and Vote Hemp, the total retail value of hemp products sold in the U.S. in 2016 was $688 million. Items such as shelled seed, protein powder, soaps and lotions have continued to increase in sales. The successful hemp cultivation pilot programs in numerous states have helped popularity of these legal cannabis products. “Hemp Business Journal estimates the hemp industry will grow to $1.8 billion in sales by 2020, led by hemp food, body care, and CBD-based products. The data demonstrates the hemp industry is growing quickly at 22% five year CAGR and being led by food and body care products, with Hemp CBD products showing a 53% AGR,” said Sean Murphy, the Founder and Publisher of the Journal. ChineseInvestors.com, Inc. (OTC: CIIX), Marijuana Company of America Inc. (OTC: MCOA), Medical Marijuana, Inc. (OTC: MJNA), Terra Tech Corp. (OTC: TRTC), American Cannabis Company, Inc. (OTC: AMMJ)

Matt Karnes of Greenwave Advisors, stated according to a Forbes report, “In terms of the CBD market size, I estimate an almost $3 billion market by 2021. Right now, there are 15 states that allow CBD only – this is in addition to the 28 states plus DC that have legalized medical marijuana.” The report indicates that the CBD market has already been targeted by industry insiders. According to Headset Research data, in Washington state alone there are over 800 CBD products in the marketplace.

ChineseInvestors.com, Inc. (OTCQB: CIIX) just announced this morning that, “its wholly-owned foreign enterprise, CBD Biotechnology Co. Ltd., has officially filed a record of its first line of non-industrial hemp-infused skin care products with the China Food and Drug Administration (CFDA). The new ‘CBD Magic Hemp Series’ skin care line is expected to launch between late August and early September 2017, positioning CBD Biotechnology as a first-mover in an untapped segment of China’s skin care industry.”

Recognizing the untapped market potential, CBD Biotechnology is developing and manufacturing what it believes to be the first line of non-industrial hemp-infused skin care products in China in hopes of educating the Chinese population on the potential benefits of CBD for skin care. “I am very pleased to announce the upcoming launch of CBD Biotechnology’s non-industrial hemp-infused skin care line,” says Summer Yun, CEO of CBD Biotechnology Co., Ltd. “As one of the first skin care products containing CBD extract marketed in China, CBD Magic Hemp Series expects to capture 100% of China’s market share in this novel skin care products category. Although a catalogue published by the CFDA, indicates that cannabis sativa leaf extract can legally be added to skin care products, it appears that Chinese skin care manufacturers have not yet entered this market, enabling CBD Biotechnology’s skin care products to proudly take the lead with its innovative product line.”

The ‘CBD Magic Hemp Series’ will include: – The CBD Peptide Collagen Solution – intended to moisturize and firm the skin, while smoothing fine lines, and preventing premature aging; – The CBD Perfecting Shield Primer – intended to even skin tone, while covering fine lines and minimizing the look of pores; and – The CBD Brightening and Refreshing Moisturizer – intended to balance the skin’s moisture, while forming a protective, moisturizing layer.

“Consumption of skin care products per capita in China has increased from 169 Chinese Yuan Renminbi (“CNY”) to 352CNY during the last five years,” says Yun. “China has the world’s second largest consumer market for skin care products, with its current market size already exceeding 300 billion CNY. The CARG (compound annual growth rate) of the skin care products market in China is 9.1%, more than double the global average of 4.1%. CBD Biotechnology will benefit from this large consumer market in China becoming one of the first companies in China to infuse its skin care products CBD extracted from non-industrial hemp.”

Marijuana Company of America Inc. (OTC: MCOA) is an innovative cannabis and hemp marketing and distribution company. The company recently announced that it has contributed the first installment of capital to Bougainville Ventures, Inc. (“BV”) in partial satisfaction of the joint venture agreement entered into earlier this year in Washington State. MCOA received $375,000 in its first round of financing. This investment will contribute to funding the development of a state-of-the-art 30,000 sq. ft. greenhouse grow facility in Oroville, Washington. Once completed, the greenhouse facility will accommodate a cannabis production and processing tenant with a Tier 3, I-502 license with significant experience growing cannabis.

Medical Marijuana, Inc. (OTC: MJNA) recently announced that it and its subsidiary HempMeds® Brasil garnered extensive media coverage across Brazil about the Company’s growth and the booming cannabis market across U.S. and Latin America. HempMeds Brasil™ is the first company to offer legal medicinal cannabis products to Brazil after receiving import approval to those suffering from specific medical conditions. Most recently in February 2017, for the filling of a prescription for the first time, for the Company’s hemp CBD oil product – Real Scientific Hemp Oil™ (RSHO™), to treat patients in the country suffering from Multiple Sclerosis. Additionally, doctors in Brazil can prescribe RSHO™ for any condition.

Terra Tech Corp. (OTCQX: TRTC) is a vertically integrated cannabis-focused agriculture company that is committed to cultivating and providing the highest quality medical cannabis and other agricultural products. The company recently announced that it is ramping up its marketing campaign for its subsidiary, Edible Garden®, a provider of fresh, locally grown herbs and leafy greens nationwide. Edible Garden was established in 2007 and utilizes time-tested, advanced Dutch hydroponic farming methods to grow fresh produce in a safe and healthy environment. Founded on the importance of providing consumers with healthy and natural products, Edible Garden has developed into a national brand grown by a co-op of local growers. Its products are 100% natural, USDA Certified Organic and Non-GMO Project Verified.

American Cannabis Company, Inc. (OTCQB: AMMJ) offers end-to-end solutions to existing and aspiring participants in the cannabis industry. The company recently announced that it has secured its second client in the state of Arkansas. The company will initially provide strategic planning and pre-licensing solutions for this new client, which include operational planning activities, facility conceptual design work and state application completion. Terry Buffalo, CEO of American Cannabis Company, commented: “The United States is about to expand its medical cannabis market with the addition of my home state, Arkansas. Our new client has the team members in place to be successful, and I believe that our consulting relationship with them will serve to optimize their potential.”

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Filed Under: News

Cannabis Revenues Climb as Sales Demand Exceeds Legal Marijuana and CBD-Based Product Supplies

July 18, 2017 by Paradox Leave a Comment

PALM BEACH, Florida, July 18, 2017 — Even though cannabis operations remain illegal under Federal Law, more and more states continue to put legalization on ballots across the U.S. and into growing areas of Canada. The industry has gained a lot of momentum this year with a projected value of $50 billion by 2026. Lines of consumers in many states where legal marijuana and CBD products are approved under local legalization, are at times waiting to purchase a product that retailers can barely keep on the shelves as demand continues to grow at very impressive rates. Cannabis stocks in the market this week with recent developments in the industry include: PotNetwork Holding, Inc. (OTC: POTN), Marijuana Companies of America Inc. (OTC: MCOA), Cannabis Science Inc. (OTC: CBIS), mCig Inc. (OTC: MCIG), Medical Marijuana Inc. (OTC: MJNA).

PotNetwork Holding Inc. (OTC: POTN) News – With Over $1,113,032 in PotNetwork Holding‘s Diamond CBD Revenues for June, Second Quarter Results Surpass First Quarter by over 70% – PotNetwork Holding is pleased to announce today that its wholly-owned subsidiary, Diamond CBD, Inc., reported June sales of $1,113,032, surpassing $1 Million for the month again, and exceeding first quarter revenues by over 70%. Read this and more news for PotNetwork Holding at http://www.marketnewsupdates.com/news/potn.html

With the recent strengthened demand, Management has moved to expand manufacturing. “In consideration of how the first half of this year has evolved, our expectation only gets more exciting. The trajectory for this year continues in a positive direction as we look toward to the next busy quarter,” stated Maria Gomez, Regional Vice President of Sales of Diamond CBD, Inc. After a record-breaking 1st quarter, and a highly productive road show, the Company continues strategizing for the development and sustaining of solid long-term growth.

The trend of record-breaking quarters continues with strong momentum. Diamond CBD has reported that the past six months of trade show, expo, and convention attendance, demonstrating Management’s determined commitment to achieve strong results, had yielded product demand requiring significant expansion of its manufacturing operations, which the Company is managing successfully.

In other related industry developments and trading activity of note:

Marijuana Companies of America Inc. (OTC: MCOA) closed up over 25% on Monday on heavy trading over 27.7 million shares traded by the market close. Marijuana Company of America, Inc. engages in the marketing, sale, and delivery of medical marijuana in the United States and internationally. The company offers hemp derived CBD products; cannabis flower bud edibles and concentrate products under the BudzPlus; hemp-based solutions for health and beauty, and a full range of accessories and clothing derived from hemp under the HempSmart brand; wellness-specific cannabis oils for vaping, tinctures, salves, sublinguals, and tablets under the Cannatherapy brand. It is also developing Club Harmoneous for the production, marketing, and sale of medicinal cannabis.

Cannabis Science Inc. (OTC: CBIS) closed up slightly and saw a volume worth of 19.1 million shares traded by the market close on Monday. The company recently announced it has found a California facility ideal for its large-scale manufacturing and product distribution center as it ramps up its efforts to supply cannabinoid medications in high-demand by self-medicating patients. As Nevada’s Governor issues a Statement of Emergency due to the potential of limited cannabis availability, CBIS is actively looking for a similar facility in Nevada. “We have found a perfect space for our initial, large-scale manufacturing and product distribution in California,” stated Mr. Raymond C. Dabney, CBIS’ President, CEO, and Co-founder. “We also have impeccable partners to assist in our rapidly moving, high-growth schedule. We now have access to the required machinery and expertise to begin the in-house manufacturing process.”

mCig Inc. (OTCQB: MCIG) closed up over 9% on Monday with just over 4.7 million shares traded on the day. The company recently announced updates for Grow Contractors (its construction and consulting division), in addition to the latest expansion of its cannabis supply division into the California cannabis market with record sales driven by recent recreational legalization in Nevada. Indicative of the marijuana shortage witnessed in Nevada as recreational use of cannabis went into effect, Grow Contractors is set to shatter previous sales record numbers. Furthermore, with its recent operations in taking on cultivation management contracts, MCIG has delivered on its game plan for cultivation and production ownership while mitigating risks through its consulting services.

Medical Marijuana Inc. (OTC: MJNA) closed up over 6% on Monday heavy trading volume above 16 million shares traded by the market close. The company recently announced its subsidiary Kannaway LLC, the first hemp lifestyle network to offer cannabidiol (CBD) hemp botanical products, is holding an exclusive Red Carpet Event in Orange County, California, this Saturday. The Red Carpet Event provides a unique opportunity to network with top Kannaway® leaders, the Company’s executive team and fellow Kannaway® business owners. Attendees 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, leading Kannaway® Brand Ambassadors Jeff Lessard and Randy Schroeder will present tools and strategies for building a successful business through Kannaway®.

DISCLAIMER: MarketNewsUpdates.com (MNU) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. MNU is NOT affiliated in any manner with any company mentioned herein. MNU and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. MNU’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. MNU is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed MNU has been compensated five thousand dollars for news coverage of the current and future press releases issued by PotNetwork Holding Inc. by a non-affiliated third party. MNU HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MNU undertakes no obligation to update such statements.

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Filed Under: News

Revenues Accelerating for CBD-based and Legal Marijuana Products for Cannabis Stocks

July 11, 2017 by Paradox Leave a Comment

PALM BEACH, Florida, July 11, 2017 — Revenues continue to climb for the Legal Marijuana and Cannabis industry along with the CBD-based Product Market beginning to become the leading segment in the industry. The national growth in the legal cannabis market is still expanding at a rapid rate, with no signs of slowing down. Industry sales are surging, consumer demand remains strong and by 2020, legal industry sales are expected to surpass $22 billion and possibly reach twice that amount. Cannabis stocks to keep an eye on in the market this week include: PotNetwork Holding, Inc. (OTC: POTN), Players Network, Inc. (OTC: PNTV), Terra Tech Corp. (OTC: TRTC), SinglePoint Inc. (OTC: SING) and GreenGro Technologies Inc. (OTC: GRNH)

PotNetwork Holding Inc.(OTC: POTN) News – With over $2.1 million in total revenues, April and May figures top first quarter results as PotNetwork continues cultivating for growing returns – as recent returns soar well over first quarter‘s revenues of $1,858,347.48, management sharpens focus on fulfilling rising demand. PotNetwork Holding announced today that its wholly-owned subsidiary, Diamond CBD, Inc., after a strong record-breaking first quarter, continues building momentum into the summer with heightened expectation for Diamond CBD’s highly sought after consumable product line. After the past two months of this quarter, revenue totals have reached $2,106,245.87, considerably exceeding the Company’s first quarter results.

“At this point, we are focusing our attention on production since our strengthened efforts have been rewarded with even more consumer enthusiasm. As new consumer orders meet growing recurring order flow, we are strategizing to maintain product availability to meet continually heightening demand,” stated Maria Gomez, Regional Vice President of Sales for Diamond CBD, Inc. Read this and more news for PotNetwork Holding athttp://www.marketnewsupdates.com/news/potn.html.
In April, the Company disclosed that having originally estimated first quarter revenues of $1.7 Million, final figures ultimately exceeded estimates by $100,000.00. Since then, Diamond CBD has reported that the past six months of trade show, expo, and convention attendance, demonstrating management’s determined commitment to achieve strong results, had yielded product demand requiring significant expansion of its manufacturing operations.

Eighty thousand (80,000) Chill Gummies were sold as a result of the recent highly productive road show causing the Company to entirely sell out of its increasingly popular proprietary Chill Gummy line. Diamond CBD recently had announced that for the month of April 2017, the Company had accomplished a considerable boost in revenues year over year. The Company’s revenues in April 2016 were just under $40,000.00, a reflection of the Company’s infancy. With record-breaking April 2017 sales of over $1 million Dollars, the Company has achieved substantial growth of over 25 times.

In other related industry developments: 

Players Network, Inc. (OTCQB: PNTV) finished Monday up over 33% with a volume north of 12.9 million by the market close. Player’s Network is a diversified company operating in media and cannabis markets. PNTV owns approximately 85% of Green Leaf Farms Holdings, LLC (Green Leaf Farms), which holds cultivation and production license(s) awarded by the state of Nevada. The cultivation license enables Green Leaf Farms to grow marijuana and the production license enables them to create extracts which are used for cartridges, oils and edibles. WeedTV.com is developing the ultimate resource for the marijuana lifestyle within our media operations.

Terra Tech Corp. (OTCQX: TRTC) closed up over 8% on Monday after nearly 5.6 million shares were traded by the market close. Terra Tech Corp., a vertically integrated, cannabis-focused agriculture company, recently announced its Dual Use Marijuana business licenses was approved by the State of Nevada Department of Taxation. The approval allows all four of the Company’s Blüm cannabis dispensaries in Nevada to commence sales of cannabis for adult-use, that started on July 1, 2017. In November 2016, residents in the State of Nevada voted to allow regulated sales of cannabis for adult-use. In May 2017, Nevada’s Tax Commission approved temporary regulations to allow an ‘early start’ for adult-use cannabis sales that commenced July 1, 2017. This early rollout will make Nevada the fifth state with an operational adult-use market and the first to launch since last November’s election. The state’s adult-use cannabis program is projected to generate more than $70 million for the state over the first two years, according to data from the Las Vegas review Journal.

SinglePoint Inc. (OTC: SING) recently announced a deal with Premier Biomedical to mass-manufacture its CBD Hemp Oil Patch and potentially future products. The deal provides the company with a consistent stream of revenue while it continues to execute organic growth initiatives and make strategic acquisitions in the cannabis industry. In addition, the potential to add future products to the mix opens the door to scaling these revenue streams higher. “We have been working very hard on making acquisitions and inside sales to boost revenue,” said SinglePoint CEO, Greg Lambrecht, in a press release announcing the partnership. “This new business will contribute significantly to our revenue goals.”

GreenGro Technologies Inc. (OTC: GRNH) closed up over 5% on Monday with over 1.8 million shares traded by the market close. The company recently announced that its majority-owned subsidiary Biodynamics, LLC, Akron, Ohio, has been awarded a contract to sell a branded photovoltaic (PV) solar glass hydroponic vegetable greenhouse as part of a $17 million purchase agreement with GH Farms Group, LLC, an Ohio-based greenhouse company. Under terms of the agreement, Biodynamics will construct a 254,528 sq. ft. PV solar glass hydroponic vegetable greenhouse for GH Farms Group, with construction expected to start in the third quarter of 2018. The project, incorporating Biodynamics’ industry-leading fully automated off-grid greenhouse technology, will cultivate vegetables hydroponically using Biodynamics’ proprietary controlled environment agriculture (CEA) growing systems and techniques.

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This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MNU undertakes no obligation to update such statements.

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