PotNetwork Holdings, Inc. Posts Record First Quarter Revenues of $6.3 Million
April 26 2018 - 6:00AM
InvestorsHub NewsWire
PotNetwork Holdings, Inc. Posts Record First Quarter Revenues of
$6.3 Million
Strong and Steady Momentum Bolsters Sales
Performance 283% Over First Quarter of
2017
Ft Lauderdale, FL -- April 26, 2018 --
InvestorsHub NewsWire -- PotNetwork Holdings, Inc. (OTC
Pink: POTN)
On
Thursday the 26th of April in 2018, PotNetwork Holdings, Inc.
announced record breaking Q1 revenues totaling $6.3 Million.
Compared with $1,858,347 in revenues for Q1 2017, this year’s
performance represents an almost three times increase over the same
period last year.
The Company’s growth is being driven by the
results of its wholly-owned subsidiary, Diamond CBD, Inc. Diamond
CBD distributes premium quality products, and has established
a successful, continually broadening distribution
footprint.
Diamond CBD’s products are distributed through
10,000 retail locations, and in Q1 of 2018, 25% of PotNetwork
Holdings, Inc.’s overall sales revenue came from Diamond CBD’s
ecommerce sales performance.
Diamond CBD is focused on researching and
developing new innovative
health and wellness solutions which are
being broadly marketed into new Industry segments, establishing a
spectrum of diverse new users.
Diamond CBD, Inc.’s products are legal in all 50
U.S. states and continue to gain high profile endorsements from
those in the medical
community, Hollywood and professional sports
leagues.
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 Holdings, Inc:
PotNetwork
Holdings, 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, and
PotNetwork Inc.
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.
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.
Contacts
PotNetwork
Holding Inc. Investor Relations:Marisol Elwell,
1-800-915-3060
investor@PotNetworkHolding.com