SeeThruEquity Heightens Share Price Target to $1.25 on PotNetwork Holding in Updated Research Report
January 30 2018 - 8:30AM
InvestorsHub NewsWire
Ft Lauderdale,
FL -- January 30, 2018 -- InvestorsHub NewsWire
-- PotNetwork
Holding, Inc. (OTC Pink:
POTN) is
pleased to announce today PotNetwork and Diamond CBD have
been highlighted in a recent comprehensive research
report projecting a newly updated price target of
$1.25.
The detailed summary outlined industry
statistics and recent corporate milestones. The research report
specified: “We are increasing our price target for POTN following
strong monthly sales data and 3Q17 filings that indicate continued
profitability as the company invests in growth. POTN results have
included robust top line growth, with revenue already tracking
above our initial estimates and company guidance. The company
announced preliminary 2017E sales estimates of $14.5mn, which were
in line with our recently raised estimates for 2017E, and appears
well-positioned to meet or exceed our 2018E estimate, assuming
continued significant sales momentum in a structural growth
market.”
“It is very rewarding to experience this type of
growth and success, and all the more pleasing to see an
acknowledgement of our collective efforts in the marketplace.”
stated PotNetwork
Holding CEO, Dr. Richard Goulding.
The report highlighted the following pertinent
factors: “Hemp derived CBDs provides a legal alternative to
marijuana based CBD (which is banned at federal level) and allows
the consumer to enjoy CBD without the risk of getting high and
breaking any federal laws. Hemp derived CBD market is projected to
grow at a CAGR of ~53% till 2020, positioning it as the fastest
growing sub segment within the multi-billion-dollar legal cannabis
and hemp market. Diamond CBD continues to report robust top line
growth, as indicated by recent 3Q17 results and continued momentum
through November. We see POTN as a speculative growth company
focused on the burgeoning legal cannabis and hemp market targeting
the fastest growing sub segment (hemp derived CBD). Upcoming
catalysts new product launches, aggressive marketing initiatives
and entry into new markets (specifically China), and efforts to
uplist shares to a national market.” To view
the report in its entirety, go to: http://www.seethruequity.com/POTN
About SeeThruEquity:
SeeThruEquity is a unique equity research firm
which focuses on micro and small cap stocks trading in the range of
$5mm to $1bn. The firm currently covers over 210 companies across a
variety of sectors, from tech and healthcare, to consumer, energy,
basic materials, and special situations. Not being an investment
banking and securities firm, SeeThruEquity does not make markets or
raise capital for companies, nor are they a typical
issuer-sponsored research firm providing paid-for
research.
Due to the exclusive nature of its unique
business model, SeeThruEquity’s research products have been vetted
for use into Wall Street consensus estimates.
SeeThruEquity’s research and estimates are provided and
accepted into reports from Thomson FirstCall, FactSet and
CapitalIQ, which collectively represent an ecosystem of 100,000 of
the world’s leading institutional investors.
SeeThruEquity has developed one of the
industry’s best opt-in investor email distribution lists. Acquired
through conference attendees and downloaded research reports, the
database is a real, top quality list of over 17,000 qualified
investors including hedge fund management, family offices and
sophisticated high net worth investors. SeeThrouEquity’s
conferences are among the best in the industry, having hosted 23
conferences thus far, about once per calendar quarter, since
2012.
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.com: PotNetwork.com is a counter-culture,
cutting-edge digital magazine, publishing up-to-date news
and articles on the cannabis industry. PotNetwork.com operates as a
wholly owned subsidiary of the Company; 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, and
PotNetwork.com.
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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