PotNetwork Holdings Inc (OTCMKTS: POTN) is a really exciting company that has seen its revenues skyrocket to $18 million for the 9 months ended September 30, 2018. The stock has runner in its blood skyrocketing from under a dime to highs of $0.957 earlier this year.
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.
The CBD market is predicted to be worth a staggering $2.1 billion in consumer sales by 2020 with $450 million of those sales coming from hemp-based sources. That’s a 700% increase from 2016. In 2017 Diamond CBD shattered all expectations and achieved revenues of $14.5 million, underscoring the potential of the CBD market. Diamond CBD’s success comes down to ensuring that consumers have access to a product whose quality speaks for itself. Their new fleet of mobile sales vans will help to drive the companies performance to new heights and bring Diamond CBD to a storefront near you.
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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.
On November 15 PotNetwork said it was set to launch the first edition of their all-new print magazine. PotNetwork Magazine gives the crack PotNetwork editorial team an opportunity to provide an unparalleled analysis of the untold stories of the cannabis space, while still channeling the unbiased, hard hitting style that has made PotNetwork.com such a sensation.
PotNetwork Magazine will explore every sector of the cannabis industry from ancillary companies all the way up to growers who directly touch the plant. It will become an indispensable resource for industry leaders and budding entrepreneurs alike. The magazine will include detailed analysis of topics including hemp products, consumption devices, investing & finance, breaking technology and much more.
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Currently trading at a $86 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.