Having Estimated First Quarter Revenue Results of $1.7 Million,
Final Figures Exceed Previously Announced Estimate by $100,000
Ft Lauderdale, FL -- April 26, 2017 -- InvestorsHub NewsWire --
PotNetwork Holding Inc. (OTC Pink: POTN)(the Company) reported today that after starting
2017 with the advantageous acquisition of Diamond CBD, Inc. and the
transition back into the cannabis, hemp and related markets, the
Company has surpassed initial quarterly projections of $1.7 million
in gross revenues. Management is pleased to announce that realized
first quarter figures had exceeded expectation by over $100,000,
for a total of $1,858,347.48
Having, at the beginning of the year, set corporate sights on
achieving the goal of $1.7 million for the quarter, management had
put in motion an aggressive effort to build a strong and thriving
sales pipeline for 2017. We are very happy with the final numbers.
All quarter we have put significant effort into building a strong
sales momentum. Evidently, between our efforts and the apparent
consumer acknowledgement of our product quality, demand is
advancing even more rapidly than we had originally anticipated.
exclaimed Maria Gomez, Regional Vice President of Sales, Diamond
CBD.
If sales revenues in this range remain consistent at this level,
it would represent a revenue increase in the approximate range of
480% percent, year over year. Based on the increased rate of sales
growth, the Company plans to announce updated projections soon. The
Company expects to have its corporate financial reports posted on
or before May 15th.
In addition, Diamond CBD recently
announced that management had attained the anticipated goal of
establishing a merchandising pipeline of 7,000 authorized retail
vendors through its distribution channels. This puts Diamond CBD
"over the top" with its products now accessible at approximately
10,000 stores in the United States.
About Diamond CBD: Diamond CBD Inc. is an organization focused on the
advanced research and development of the industry's finest premium
hemp extracts and making them available to the global marketplace.
The Company's notable team, consisting of hemp industry pioneers
and natural product experts, chemists, and scientists, is dedicated
to producing the finest and purest Cannabidiol (CBD) oil. The
Company formulates advanced product quality to market through the
team's creation of diverse and top quality hemp extracts that
contain a broad profile of cannabinoids and other natural hemp
derived molecules, resulting in a robust selection of Industrial
Hemp derived Diamond CBD oils considered among the most powerful
natural CBD E-Liquids on the market. For more information, please
visit the website at www.DiamondCBD.com.
About PotNetwork Holding Inc: PotNetwork
Holding Inc. (OTC Pink: POTN) is a publicly traded
company with two wholly owned subsidiaries, Sunrise Auto Mall Inc.
and First Capital Venture Co. and its wholly owned subsidiary
Diamond CBD. First Capital Venture Co. through its
wholly owned subsidiary, Diamond CBD is a progressive organization
focused on the advanced research and development of the industrys
finest premium hemp extracts and making them available to the
global marketplace. The Companys notable team, consisting of hemp
industry pioneers and natural product experts, chemists, and
scientists, is dedicated to producing the finest and purest CBD
oil. For more information, please visit the website
at www.DiamondCBD.com.
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Contact:
PotNetwork Holding Inc. Investor Relations Marisol Elwell
Email: investor@PotNetworkHolding.com