PotNetwork Holdings Inc (OTCMKTS: POTN) is making a highly explosive move up in recent days since a brief dip below the $0.20 mark. Quickly attracting a fast growing shareholder base POTN has transformed into one of the top most traded stocks on the OTCBB. POTN has a long history of huge moves running from under a dime to highs near $1 earlier this year.
POTN is at the right place at the right time with cannabis stocks on fire and CBD stocks getting a boost after reports Coca-Cola is monitoring the nascent industry and is interested in drinks infused with CBD. With a rising number of various CBD products available in mainstream markets, consumers are spending more on CBD products than ever before. According to Statistica, total U.S. consumer sales of CBD (cannabidiol) from 2014 to 2016 have risen rapidly and in the year 2020 are estimated to exceed 1.15 billion U.S. dollars.
PotNetwork Holdings Inc (OTCMKTS: POTN) 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.
The big story on POTN is the Company’s massive sales! In August POTN announced its six month operating results have been posted on OTCMarkets.com in the form of unaudited financial statement and a supplemental disclosure. With revenues of $12,044,028, the Company has demonstrated the result of its continuously strengthening momentum. The year-to-date results are more than twice its 6-month revenues in 2017 of $5,077,625, an increase of 137% year-over-year.
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Earlier this month POTN successfully filed its Form 10 registration statement with the SEC which included independent third party PCAOB (“Public Company Accounting Oversight Board”) 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. Now as a reporting company, PotNetwork Holdings, Inc. qualifies for up-listing to the OTCQB market tier.
As a result of investor feedback and management’s plan for a new, broadened strategic direction, the Company has rescinded the previously announced name and symbol change, with the intent of using the “BioTech Hemp” name for a new subsidiary under the expanded 2018-2019 business plan. Therefore, the name and trading symbol for the Company remains the same.
In September POTN announced its wholly owned subsidiary, Diamond CBD, Inc., drew a substantial crowd September 14-16, 2018 at the 100+ thousand square foot convention halls of Mana Wynwood in Miami, Florida. This year’s World Vapor Expo Industry Showcase featured hundreds of companies, retailers, distributors, wholesalers, consumers and proprietors from around the globe.
Part of Diamond CBD’s key marketing strategy is to create a dominant presence at industry trade shows. Diamond CBD has a highly successful history of sales from these key trade shows. At this show the Company featured numerous products, drawing attention directly from prospective vendors from the U.S. and other countries. Featured at the show were Diamond CBD’s Vape Additives, Liquid Gold Vape Juice, Chill CBD Gummies, Diamond CBD Tinctures and Biotech Creams, the Company’s most successful products.
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Currently trading at a $129 million market valuation POTN has $334k in the treasury, manageable debt and very fast growing revenues reporting $12,044,028 in sales for the 6 months ended, June 30, 2018, an increase of 137% year-over-year. POTN is a really exciting Company making waves in the booming CBD space; POTN 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.