Diamond CBD Enters Exclusive Distribution Agreement With Champs, a Minority Owned Company by Super Bowl Champion

Rhea-AI Summary

PotNetwork Holdings, Inc. (OTC PINK:POTN) announced an exclusive distribution agreement with First Capital Venture Co. for For Champs By Champs, Inc., led by former NFL star Sam Madison. This partnership aims to launch athlete-approved hemp-derived topical products, featuring up to 3,000 milligrams of cannabinoids. Madison emphasizes the relief provided by these products, while CEO Lee Lefkowitz expresses excitement over endorsing them. The initiative aligns with Black History Month, highlighting Champs as a minority-owned enterprise, dedicated to offering high-quality, reliable products.

Positive

• Exclusive distribution agreement potentially boosts product reach and brand visibility.
• Athlete endorsement from Sam Madison may enhance consumer trust and sales.
• Launch of high-strength topical products targets a growing wellness market.

Negative

• None.

Former NFL Super Bowl Champion and Current NFL Coach Sam Madison Leads For Champs By Champs, Inc., a business providing Hemp-derived athlete endorsed products

FT. LAUDERDALE, FL / ACCESSWIRE / February 25, 2021 / PotNetwork Holdings, Inc. (OTC PINK:POTN), "the Company"), announced that For Champs By Champs, Inc. ("Champs") has entered into an exclusive distribution agreement with First Capital Venture Co., owner of the Diamond CBD brands. The parties are excited to embark on this cooperative effort to bring athlete approved and endorsed products to the market.

Super Bowl champion Sam Madison has experienced the pressure, anxiety, pain and success as both a player with the New York Giants and coach with the Kansas City Chiefs.

While enduring those same experiences, Mr. Madison has proclaimed "I have learned, enjoyed and am now preaching the soothing relief from Champs topical products including creams and roll-ons that have been providing aid for myself and others throughout the season."

As a proud minority-owned company, and during Black History Month, Champs has prepared to timely launch high strength creams and roll-ons with up to 3,000 milligrams of hemp-derived cannabinoids with a pleasant blend of other effective ingredients.

As explained by Mr. Madison, "we have a strong team and always considering the right athlete partners to help formulate products."

As a fan himself, Lee Lefkowitz, CEO of POTN, similarly shared the same feelings stating, "We are thrilled to be part of this winning team and excited to provide professional athlete endorsed products to their adoring fans."

PotNetwork Holdings, Inc. (OTC PINK:POTN), a publicly traded SEC reporting company, is a holding company for its principal subsidiaries, First Capital Venture Co., the owner of Diamond CBD, Inc., the maker of Diamond CBD products, and PotNetwork Media Group, Inc., the publisher of PotNetwork News.

Diamond CBD, our primary operating subsidiary, focuses on the development, and marketing of premium hemp extracts containing a broad, CBD isolate and full spectrum CBD oil of natural hemp derivatives. Diamond CBD's team includes hemp industry pioneers and experts dedicated to producing the purest and most effective cannabidiol (CBD) containing products. The result is a robust selection including powerful natural CBD oil, tinctures, smokeables, CBD edibles, and other CBD-containing products including CBD creams, health and beauty items as well as CBD pet products and popular Delta-8 items. For more information, please visit our website at www.DiamondCBD.com.

For Champs By Champs, Inc., is a Florida corporation providing athlete, celebrity and other ambassador endorsed cannabis and hemp-derived products focusing mainly on topical items. The business is a minority owned company founded and operated by NFL Super Bowl Champion, Sam Madison, and his team including individuals at the cultivation, manufacturing and distribution levels. POTN Chief Executive Officer has also served as Treasurer for this company. The goal is to provide consumers with truly seed to sale products from one reliable source.

Safe Harbor: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACT:

PotNetwork Holdings, Inc.
1-800-915-3060
investor@PotNetworkHolding.com

SOURCE: PotNetwork Holdings, Inc.

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https://www.accesswire.com/627829/Diamond-CBD-Enters-Exclusive-Distribution-Agreement-With-Champs-a-Minority-Owned-Company-by-Super-Bowl-Champion

FAQ

What is PotNetwork Holdings' recent announcement regarding the distribution agreement?

PotNetwork Holdings announced an exclusive distribution agreement with First Capital Venture Co. for For Champs By Champs, Inc. to launch athlete-endorsed hemp-derived topical products.

Who is Sam Madison in relation to For Champs By Champs?

Sam Madison is a former NFL Super Bowl Champion and the leader of For Champs By Champs, which focuses on hemp-derived products.

What products are being launched under the new agreement?

The agreement focuses on launching hemp-derived topical products, including creams and roll-ons containing up to 3,000 milligrams of cannabinoids.

How does this announcement affect POTN's market position?

The exclusive agreement may enhance PotNetwork Holdings' market position by expanding its product offerings and leveraging athlete endorsements.