With Over $2.1 Million in Total Revenues, April and May Figures Top First Quarter Results as PotNetwork Continues Cultivating
July 11 2017 - 08:00AM
InvestorsHub NewsWire
With Over $2.1 Million in Total Revenues, April and May Figures Top
First Quarter Results as PotNetwork Continues Cultivating for
Growing Returns
As Recent Returns Soar
Well Over First Quarter’s Revenues of $1,858,347.48, Management
Sharpens Focus on Fulfilling Rising Demand
Ft Lauderdale, FL - July 11, 2017 - InvestorsHub NewsWire -
PotNetwork Holding, Inc. (OTC Pink: POTN) is pleased to
announce today that its wholly owned subsidiary, Diamond CBD, Inc.,
after a strong record breaking first quarter, continues building
momentum into the summer with heightened expectation for Diamond CBD’s highly sought after consumable product
line. After the past two months of this quarter, revenue totals
have reached $2,106,245.87, considerably exceeding the Company’s
first quarter results.
“At this point, we are focusing our attention on production
since our strengthened efforts have been rewarded with even more
consumer enthusiasm. As new consumer orders meet growing recurring
order flow, we are strategizing to maintain product availability to
meet continually heightening demand,” stated Maria Gomez, Regional
Vice President of Sales for Diamond CBD, Inc.
In April, the Company disclosed that having originally estimated
first quarter revenues of $1.7 Million, final figures ultimately
exceeded estimates by $100,000.00. Since then, Diamond CBD has
reported that the past six months of trade show, expo, and
convention attendance, demonstrating Management’s determined
commitment to achieve strong results, had yielded product demand
requiring significant expansion of its manufacturing
operations.
Eighty thousand (80,000) Chill Gummies were sold as a result of
the recent highly productive road show causing the Company to
entirely sell out of its increasingly popular proprietary Chill
Gummy line. Diamond CBD recently had announced that for the month
of April 2017, the Company had accomplished a considerable boost in
revenues year over year. The Company’s revenues in April 2016 were
just under $40,000.00, a reflection of the Company’s infancy. With
record breaking April 2017 sales of over $1 Million Dollars, the
Company has achieved substantial growth of over 25 times.
PotNetwork Holding’s Diamond CBD’s recent attendance at the
SeeThruEquity event resulted in an
equity analyst setting a price target for the Company’s shares of
$0.25 per share. Other recent show/expo attendance included
a presentation at the 7th Annual LD
Micro Invitational, being a featured guest on a national
radio and webcast, launching new product lines at a major New York
trade show, and receiving a positive reception at the Fourth
Annual Cannabis World Congress & Business Exposition (2017
CWCBExpo), the definitive business event of the cannabis industry.
The Company has also recently
presented at the 2017 Marcum Microcap Conference and attended the Southeast Cannabis
Conference & Expo.
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, 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 and E-Liquids found anywhere. For more information, please
visit its website at www.DiamondCBD.com.
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 Sunrise Auto Mall, Inc.
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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