PotNetwork Holdings Inc (OTCMKTS: POTN) has been on a steady rise in recent days since briefly dipping below a dime. The stock has a long history of huge moves running from under a dime to highs near $1 earlier this year.
On January 14 POTN announced wholly owned subsidiary Diamond CBD Inc., Diamond CBD Inc., wholly owned subsidiary of PotNetwork Holdings, Inc. (OTC Pink: POTN) demonstrated its new CBD Wellness Vending Machine that it plans to roll out in 2019 to an audience of over 100,000 attendees at the Consumer Electronics Show (CES), Las Vegas, last week. The interactive, high-tech vending machine dispenses a selection of Diamond CBD oils, edibles, and creams. To view the event and the demo, click here. The state-of-the-art new vending machine was developed with Diamond CBD partner, CloudPay Technologies. The machine uses advanced age verification and cashless payment systems to optimize security of financial transactions and deter potential abuse.
PotNetwork Holdings Inc 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 November POTN announced its operating results have been posted on OTCMarkets.com in the form of unaudited financial statement and a supplemental disclosure. With revenues of $17,967,189 in 2018 POTN is a revenues powerhouse.
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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.
On January 8 POTN announced it is teaming up with CloudPay Technologies to feature its lineup of oils, edibles, and creams at the world’s most famous tech event, the Consumer Electronics Show (CES), which takes place in Las Vegas from January 8-11.
A key component of the Diamond CBD booth will be CloudPay Technologies’ interactive kiosk technology. The visual vending machine features a large touchscreen display that creates an engaging user-friendly experience for those looking to find which Diamond product is best suited for their wellness needs. CloudPay kiosks also feature advanced age verification and cashless payment systems to provide an extra layer of security on all financial transactions and deter potential abuse. It is the latest technology in an industry whose 2017 revenue totals, taking into account the different size independent operators, was calculated to be $21.6 billion.
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Currently trading at a $64 million market valuation POTN has $334k in the treasury, manageable debt and very fast growing revenues reporting $17,967,189 in sales in 2018. 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.