PotNetwork Holdings, Inc. Initiates Corporate Name Change to BioTech Hemp, Inc.
June 27 2018 - 6:00AM
InvestorsHub NewsWire
PotNetwork Holdings, Inc. Initiates Corporate Name Change
to BioTech Hemp,
Inc.
Company to
Change Name for Closer Alignment with its Corporate Identity as
a Dominant Player in the CBD
Industry
Ft Lauderdale,
FL -- June 27, 2018 -- InvestorsHub NewsWire
-- PotNetwork Holdings, Inc. (OTC
Pink: POTN) announces that
the Company is in the process of filing an amendment to its
articles of incorporation with the state of Colorado for a name
change from PotNetwork Holdings, Inc. to “BioTech Hemp,
Inc.”. This name change reflects the Company’s
focus on Diamond CBD’s sales momentum and expanding
product lines, which better
reflects its current and future business strategy and industry
scope. Following the filing with the state of Colorado, the Company
plans to file for a name listing and trading symbol change with
FINRA.
As revenues year-to-date
for 2018 already exceed $10 million, The Company’s repositioning
initiative is designed to signal to the market its mission to
be a continually thriving,
socially-responsible family of brands dedicated to strengthening
its evolving leadership position in the distribution and marketing
of CBD products. This
filing follows the recent announcement that its Board of Directors
has directed the Company’s counsel to prepare a Form 10 to be filed
with the Securities and Exchange Commission, to become a fully
reporting issuer with the SEC. This action is fundamental to the
Company’s efforts to demonstrate heightened transparency to its
investors and bring the Company greater visibility and credibility
before a substantially larger group of qualified investors.
In addition, once the Form
10 filing is completed, the Company plans to apply to OTC Markets
for an uplisting to the
OTCQB® Venture
Market.
“This name change reflects
our clear leadership position in the CBD industry as the market
evolves. Demand continues to expand in every sector, and as we
broaden the scope of our reach, our name will mirror who we are,
the nature of the industry we serve, and what our exciting future
holds,” stated Richard Goulding, M.D., PotNetwork Holdings’ CEO.
This is the Company’s next milestone in its long-term strategy of
achieving a NASDAQ Capital Market listing in the years
ahead.
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.
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
Holdings, Inc. Investor Relations: Marisol
Elwell
1-800-915-3060
investor@PotNetworkHolding.com
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