PotNetwork Holdings, Inc. Moves Forward on OTCQB Uplist Process
April 05 2018 - 6:00AM
InvestorsHub NewsWire
PotNetwork Holdings, Inc. Moves
Forward on OTCQB Uplist Process
Company Contemplates Name Change to more
closely align its corporate identity with becoming a dominant
player in the rapidly-growing CBD
industry
Ft Lauderdale, FL -- April 05, 2018 --
InvestorsHub NewsWire -- PotNetwork Holdings, Inc. (OTC
Pink: POTN)
announces that the Company has engaged
specialized legal counsel in addition to entering into a
specialized engagement with its PCAOB auditors, to prepare a
Regulation A+ (“Reg A+”) filing in accordance with management’s
objective to heighten transparency, and bring the
Company greater visibility before a
substantially larger group of qualified investors.
The Company anticipates having its Reg A+
filing ready for submission to the Securities and Exchange
Commission within the next thirty (30) days.
The Company’s initial step in this process to
become up-listed to the OTCQB was the recent release
of its audited
consolidated financial statements, disclosing
$14.49 Million with gross profits of $5,180,865 for 2017.
“We believe that we are standing on the threshold
of a revolution in this marketplace. We have pursued industry
leadership and robust market penetration. Now that we have
established a solid foundation, we are ready to step into a
stronger and more advantageous financial arena.” stated Richard
Goulding, PotNetwork Holdings CEO. This is Company’s next milestone
in its long-term strategy to of achieving a NASDQ Capital Market
listing.
Separately, the Company announced
its intention to more closely align its
corporate identity with its key business objective of leading the
global CBD industry since its success is being driven by the growth
of its wholly-owned subsidiary Diamond CBD. Consequently, the
Company is considering a name change to effectively rebrand its
identity to establish it as a profitable,
socially-responsible brand dedicated to strengthen its leadership
position in the manufacture, distribution, and marketing of CBD
products.
Tommy Chong, Cannabis Legend, recently joined
expert physicians and Diamond CBD Consumers in Endorsing PotNetwork
Holdings Subsidiary’s growing selection of health and wellness
products in a corporate
video production highlighting consumer
response, revealing
key drivers of the Company’s growth in an industry expected to
reach $2.1 billion by 2020.
Market research firm, Brightfield
Group recently found
the CBD oil industry to be growing at a rate of 55% each year. That
firm projects the U.S. domestic market for CBD oil products will
total $1 billion by 2020. Due to the diversity of its investments
and success of its brands, PotNetwork
Holdings, Inc. is projecting
60-70% increases in revenues for 2018 compared to the company’s
performance in 2017, as a consequence of taking on new products and
the anticipation of new sales outlets.
About East West Accounting Services,
LLC: Registered by
the Public Company Accounting Oversight Board (PCAOB), East West
Accounting Services, located in Miami, Florida, which has conducted
its audit of the Company, provides audit, review and consulting
services to smaller capitalized public companies that need to
provide financial information to the Security and Exchange
Commission.
About Diamond CBD
Inc.: Diamond CBD
focuses on the research, development, and
multinational 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 Holdings,
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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