POTNETWORK HOLDINGS ENDS 2017 WITH $14,499,000 IN DIAMOND CBD REVENUES, EXCEEDING EARLIER PROJECTIONS BY OVER 70%
January 24 2018 - 8:30AM
InvestorsHub NewsWire
Ft
Lauderdale, FL -- January 24, 2018 -- InvestorsHub NewsWire --
PotNetwork Holding, Inc. (OTC Pink: POTN)
announced today that as a
result of the rapid growth in sales of its wholly owned subsidiary,
Diamond CBD, Inc., it had achieved approximately $14.5
Million in revenues for calendar 2017. Earlier Company projection
had been for $8.3 Million, which were exceeded by over 70%, due to
rapid month-over-month growth in sales.
“2017 has
been a phenomenally successful year for us! Our unprecedented sales
growth pays tribute to the hard work of our staff and our
resellers, and the exceptional quality of our CBD product line
which expanded greatly over 2017.” stated Richard Goulding, Chief
Executive Officer, PotNetwork Holding Inc. He added, “We are
poised to continue 2017’s growth during 2018 as we embark on new
and unique marketing initiatives and embrace new opportunities with
the potential of providing strong returns on investment for our
shareholders.”
Goulding
concludes: “Moreover, we are proud, and think our shareholders
should be too, that on December 13, 2017, PotNetwork Holding was
named by Huffington Post, a prominent major national newsource, as
“One
of Five Notable CBD Revolution Industry
Leaders”. An
accolade that pays tribute to the Company’s achievements and future
prospects.”
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 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
investor@PotNetworkHolding.com
Potnetwork (CE) (USOTC:POTN)
Historical Stock Chart
From Mar 2024 to Apr 2024
Potnetwork (CE) (USOTC:POTN)
Historical Stock Chart
From Apr 2023 to Apr 2024