Correction: Projecting a Per Share Price Target of $1.25, PotNetwork Holding Inc. Highlighted as "Strong Speculative Buy" in Re
March 09 2018 - 9:22AM
InvestorsHub NewsWire
Projecting a Per Share
Price Target of $1.25, PotNetwork Holding Inc. Highlighted as
“Strong Speculative Buy” in Research Initiated by Harbinger
Research, LLC
Company Clearly
Distinguished as Industry Leader Poised for Continued Rapid
Growth
Ft Lauderdale, FL --
March 09, 2018 -- InvestorsHub NewsWire -- PotNetwork Holding, Inc.
(OTC Pink: POTN)(“Company”) is
pleased to announce today that PotNetwork the Company and Diamond
CBD have been the feature of a recent comprehensive research report
projecting a price per share target of $1.25 by Harbinger Research,
LLC, a notable equity research boutique based in Atlanta,
Georgia.
To view
the Harbinger Research Coverage Initiation report in its entirety
visit: https://d1io3yog0oux5.cloudfront.net/harbingerresearch/media/02b2064a2bd7158c4340a7102969c84c.pdf
Initiating coverage with a
“Strong Speculative Buy” recommendation, Harbinger Research will be
providing ongoing research on POTN over at least the next 12
months. Analyst Brian Connell, CFA, who covers the Company for
Harbinger Research, stated "We are very pleased to have such a
rapidly growing company with such a dynamic management team as part
of our coverage universe. The cannabis industry is growing very
rapidly, and we expect that this will continue for several years to
come. As a first-mover and emerging market leader in many of its
business lines, we believe this will clearly benefit PotNetwork
Holding."
The report states:
“PotNetwork Holding is an emerging market leader with in many cases
first-mover advantage in its target markets. As its
sequential monthly revenue growth clearly shows, this Company has
gotten it right. It knows how to reach and sell to its target
markets through a variety of online and brick-and-mortar channels,
and its products are very well received by its distributors and
retailers as well as by the consumers who use and enjoy
them.”
Brian R. Connell, CFA
Senior Research Analyst, continued: “… we believe that POTN’s solid
management team, ever-growing innovative product lines, and a very
well executed sales and marketing strategy could very well be the
key to becoming one of the sector’s first billion-dollar
enterprises.” The study summarizes how Diamond CBD’ has focused on
the development of a product line comprised of imported nature of
hemp-derived cannabidiol (CBD) derivatives, which has lead to its
phenomenal growth of legally acceptable CBD-containing products. ,
due to the changes in US Federal enforcement policies, due to
the.
PotNetwork Holding Inc.
recently announced that its wholly owned
subsidiary, Diamond CBD.com Inc., in just one and a half months
into the year, reported that the Company it had exceeded $3 Million
in sales, and in February achieved over $500,000 in
website-generated orders, surpassing all its previous online sales
records.
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
Inc.: PotNetwork Inc., a wholly owned
subsidiary of the Company, brings to market PotNetwork.com, a
counter-culture, cutting-edge digital magazine, publishing
up-to-date news and articles on the cannabis industry.
PotNetwork.com operates as a media resource providing a full range
of industry related topics.
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
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