SeeThruEquity Initiates Coverage on PotNetwork Holding (OTC: POTN) With a Price Target of $0.25
June 05 2017 - 9:30AM
InvestorsHub NewsWire
FT LAUDERDALE,
FL - June 02, 2017 - InvestorsHub NewsWire
- PotNetwork
Holding, Inc. (OTC Pink:
POTN) is
pleased to announce today that following presentation at the
6th Annual SeeThruEquity’s Micro Cap Investor
Conference, PotNetwork and Diamond CBD have
been the highlight of a recent comprehensive research
report projecting a price target of
$0.25.
The detailed summary outlined industry
statistics and recent corporate milestones. The research report
specified: “The hemp
industry is projected to grow to $1.8 billion by 2020, with $450
million comprising from hemp derived CBD products. This would
represent a 300% increase, from the estimated hemp derived CBD
market size of $115 million at the end of the
FY2016.”
In respect to the Company’s position in the
industry it was stated: “We see POTN as a speculative play on the
burgeoning legal cannabis and hemp market targeting the fastest
growing sub segment (hemp derived CBD). The company has made
considerable progress over the last few years, with revenues
growing 178% YOY in 1Q17. Going forward in FY17, we expect POTN to
increase revenues approximately 712% to $8.3 million through new
product launches, aggressive marketing initiatives and entry into
new markets (specifically China).”
To view the report in its entirety, go to:
https://goo.gl/NNDeIl
PotNetwork Holding recently announced that
Diamond CBD had reported first quarter 2017 revenue of
$1,858,347.48 which exceeded total revenue of $1,663,081.78 for all
of calendar year 2016. Consolidated financial statements for
PotNetwork Holding have been published and can be viewed at
OTCMarkets.com.
About SeeThruEquity:
SeeThruEquity is a unique equity research firm
which focuses on micro and small cap stocks trading in the range of
$5mm to $1bn. The firm currently covers over 210 companies across a
variety of sectors, from tech and healthcare, to consumer, energy,
basic materials, and special situations. Not being an investment
banking and securities firm, SeeThruEquity does not make markets or
raise capital for companies, nor are they a typical
issuer-sponsored research firm providing paid-for
research.
Due to the exclusive nature of its unique
business model, SeeThruEquity’s research products have been vetted
for use into Wall Street consensus estimates.
SeeThruEquity’s research and estimates are provided and
accepted into reports from Thomson FirstCall, FactSet and
CapitalIQ, which collectively represent an ecosystem of 100,000 of
the world’s leading institutional investors.
SeeThruEquity has developed one of the
industry’s best opt-in investor email distribution lists. Acquired
through conference attendees and downloaded research reports, the
database is a real, top quality list of over 17,000 qualified
investors including hedge fund management, family offices and
sophisticated high net worth investors. SeeThrouEquity’s
conferences are among the best in the industry, having hosted 23
conferences thus far, about once per calendar quarter, since 2012.
Please visit the Conference page to learn
more.
About Diamond
CBD Inc.: Diamond CBD focuses
on the research, development, and multi-national marketing of
premium hemp extracts that contain a broad range of cannabinoids
and natural hemp derivatives. 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. For more information, please visit its website
at www.DiamondCBD.com.
About PotNetwork Holding
Inc: PotNetwork Holding Inc. (OTC Pink:
POTN) is a
publicly traded company that acts as a holding company for its
subsidiaries, First Capital Venture Co., the owner of Diamond CBD,
Inc., the maker of Diamond CBD oils.
Safe Harbor Act: Forward-Looking Statements are
included within the meaning of Section 27A of the Securities Act of
1933, and Section 21E of the Securities Exchange Act of 1934, as
amended. All statements regarding our expected future financial
position, results of operations, cash flows, financing plans,
business strategy, products and services, competitive positions,
growth opportunities, plans and objectives of management for future
operations, including words such as "anticipate," "if," "believe,"
"plan," "estimate," "expect," "intend," "may," "could," "should,"
"will," and similar expressions are forward-looking statements and
involve risks, uncertainties and contingencies, many of which are
beyond our control, which may cause actual results, performance, or
achievements to differ materially from anticipated results,
performance, or achievements. We are under no obligation to (and
expressly disclaim any such obligation to) update or alter
forward-looking statements, whether as a result of new information,
future events or otherwise.
Contact:
PotNetwork Holding Inc. Investor Relations:
Marisol Elwell, 1-800-915-3060
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