PotNetwork Holding, Inc. Projects Third Quarter Revenues Will Top First Six Months Results, Based on Record Sales Volume for ...
October 18 2017 - 8:30AM
InvestorsHub NewsWire
PotNetwork Holding, Inc. Projects Third Quarter Revenues Will
Top First Six Months Results, Based on Record Sales Volume for July
and August
Ft Lauderdale, FL -- October 18, 2017 -- InvestorsHub NewsWire --
PotNetwork Holding, Inc. (OTC Pink: POTN) announced today that its wholly owned
subsidiary, Diamond CBD, Inc., achieved $3,224,017 in combined
sales for July and August; ($1,459,137 and $1,764,880
respectively), discovering results equivalent to over 60% of
revenues totaling $5,077,625 for the first six months of the year,
raising expectation for another record breaking quarter.
Moreover, Diamond CBD reports that even allowing for the
Hurricane Irma interruption to its Florida fulfillment operations,
September sales and shipments exceeded expectations, raising
forecasts for third quarter sales revenues. Based on momentum,
results for third quarter 2017 are expected to outperform the
entire period of January through June. Maria Gomez, Regional Vice
President of Sales for Diamond CBD, Inc., stated, “We continue to
be excited by our continued escalating revenues month-after-month.
We attribute these gains to increasing consumer acceptance of our
products, and the expansion of our distribution network and product
line. This summer underscores what we believe is a
sustainable sales momentum that should further springboard sales in
the 4th quarter
strengthening an already record year.” She added, “When released,
we are confident that our official third quarter and year-to-date
operating results will reflect the continual strengthening of our
organization and brand, our growing market penetration, and the
superior value of our products.”
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, doctors 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, tinctures, edibles, and vape 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
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"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.