PotNetwork Holdings Inc (OTCMKTS: POTN) has been making some big moves this month launching its Diamond CBD consumer retail program for shopping malls in major metro centers with a product sales kiosk at the popular Broward Mall in Plantation, Florida. The new sales and merchandising program is designed to educate a new audience of consumers on the potential health benefits of Diamond CBD products. Diamond CBD is targeting shopping malls as one of the its strategies to significantly enhance its distribution footprint to a new and diverse segment of mall shoppers.
POTN was also recently awarded a 2018 Pet Business Industry Recognition Award for their MediPets Dog Treats, a hemp-derived CBD treat made especially for canines. The award, which came in the Dog Treats Functional Category was overseen by the Pet Business editorial team and will be announced in the upcoming December 2018 issue of the magazine.
PotNetwork Holdings is a publicly traded company that acts as a holding company for its 6 subsidiaries including its flagship, First Capital Venture Co & its wholly owned subsidiary Diamond CBD, Inc., Blockchain Crypto Technology, Corp., Grinder Distribution, Inc., PNH Holdings, Inc., and SND Auto Group, Inc., POTN flagship Diamond CBD focuses on the research, development, and multinational marketing of premium hemp extracts that contain a broad range of cannabinoids and natural hemp derivatives. Located at diamondcbd.com, the Comapany sells a wide assortment of oils, vapes, edibles, drinks, dabs, creams and even CBD for Pets. Diamond CBD sells a collection of cannabis industry brands including Blue CBD Crystals Isolate, Chill Plus Gummies, Relax Extreme CBD, CBD Biotech Cream, Relax Vape Liquid, CBD Re-Leaf, Chongs Choice CBD and may more.
Diamond CBD’s team consists of hemp industry pioneers and natural product experts, chemists, and scientists, dedicated to producing the finest and purest cannabidiol (CBD) oils. The result is a robust selection considered among the most powerful natural CBD oils and E-Liquids found anywhere. PotNetwork Holdings Inc. is committed to growth by the expansion of its subsidiaries and the strategic acquisition of additional businesses.
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PotNetwork is doing mammoth sales! the Company recently announced sales of $18.1 Million for the first 9 months of the year, realizing an $8.6 Million increase in year over year sales. This follows the Company’s recent announcement of its record third quarter revenues of $6.1 Million. Driven by the growth of its wholly-owned subsidiary, Diamond CBD, Inc., PotNetwork Holdings, Inc. has taken root as an industry leader in the growing market for premium hemp extracts. PotNetwork Holdings is expanding its research and development, multinational marketing and international distribution of a broad range of hemp-derived cannabinoids and other natural hemp derivatives.
In its bid to up-list Potnetwork filed its Form 10 registration statement which included independent third party PCAOB auditor certification of its financial performance for all of 2017 and verification of its financial results through the first 6 months of 2018. Going forward, all such financial information will be PCAOB auditor verified. Through submission of the filing, the Company has voluntarily become subject to the full disclosure requirements of the SEC for reporting companies, and the Company must have each quarter’s fiscal performance PCAOB auditor reviewed and its year-end statements fully audited by a PCAOB member firm. Now as a reporting company, PotNetwork Holdings, Inc. qualifies for up-listing to the OTCQB market tier.
POTN operates in the booming CBD space predicted to be worth $2.1 billion in consumer sales by 2020 with $450 million of those sales coming from hemp-based products. That’s a 700% increase from 2016. In 2017, Diamond CBD shattered all expectations and achieved revenues of over $14 million, underscoring its potential in the CBD market.
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Currently trading at a $58 million market valuation POTN is a really exciting company that has seen its revenues skyrocket to $18 million for the 9 months ended September 30, 2018. PotNetwork Diamond CBD brand is considered among the most powerful natural CBD oils, tinctures, edibles, and vape liquids found anywhere establishing itself as an early market leader in the booming market for premium hemp extracts. PotNetwork has breakout sales, is up-listing to the OTCBB, has a history of huge moves and is already highly liquid as a fast growing shareholder base bids it higher. We will be updating on POTN when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with POTN.
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Disclosure: we hold no position in POTN either long or short and we have not been compensated for this article.