PotNetwork Holdings, Inc. Changing Name To Biotech Hemp, Inc. and Moves Forward on Filings In Preparation for Uplisting
July 02 2018 - 6:00AM
InvestorsHub NewsWire
PotNetwork Holdings, Inc. Changing Name To Biotech Hemp, Inc.
and Moves Forward on Filings In Preparation for
Uplisting
Company
to Rapidly Complete
FINRA Application, and Form 10 To Become Fully Reporting SEC
Issuer
Ft Lauderdale,
FL -- July 2, 2018 -- InvestorsHub NewsWire
-- PotNetwork Holdings, Inc. (OTC
Pink: POTN) announces that
on June 27, 2018, the Company, a Colorado corporation, filed an
amendment to its Articles of Incorporation in the state to
change its name from PotNetwork Holdings, Inc. to “BioTech Hemp,
Inc.”.
In connection
with the name change, the Company is now in the process of
preparing its filing with FINRA for a name and symbol change; and
in anticipation, has obtained a new CUSIP number to go in effect at
the time these changes are effective. The Company plans
to complete the FINRA submission by the end of this week.
Implementation of the name change and symbol change, is subject to
FINRA review, approval and
processing.
Separately,
although the Company’s Form 10 filing to become a fully reporting
issuer with the Securities and Exchange Commission (“SEC”) was
planned for completion by June 30th, it is now planned
to be submitted as quickly as possible in early July following its
finalization, internal review and review by the Company’s PCAOB
auditor. Once the Company’s Form 10 filing is deemed effective by
the SEC, the Company will begin the process to uplist to the OTCQB
market tier.
With sales of
over $10 million generated by our hemp-derived CBD product lines in
the first five months of 2018, which far exceeds the same
period in 2017, the name change underscores the Company’s
strengthening identity as a dominant player in the CBD
Industry.
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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