Exceeding $1,750,000.00 in Revenues for August, PotNetwork Holding Inc.'s Diamond CBD Hits Highest Revenues Recorded to Date

Date : 10/12/2017 @ 8:30AM
Source :InvestorsHub NewsWire
Stock : Potnetwork Holdings, Inc. (PC) (POTN)
Quote : 0.0606  0.0004 (0.66%) @ 3:43PM

Exceeding $1,750,000.00 in Revenues for August, PotNetwork Holding Inc.'s Diamond CBD Hits Highest Revenues Recorded to Date

 Monthly Sales in August Maintain Record Breaking Trend with Over 20% Increase from July, Exceeding Expectation as Company Approaches the Conclusion of Third Quarter

Ft Lauderdale, FL -- October 12, 2017 -- InvestorsHub NewsWire -- PotNetwork Holding, Inc. (OTC Pink: POTN) is delighted to announce that its wholly owned subsidiary, Diamond CBD, Inc., has delivered yet another impressive month of financial and industry growth. For the month of August 2017, Diamond CBD achieved record breaking revenues of $1,764,880.00, which exceeded July revenues by 20.9%.
 
As a result of delays caused by Hurricane Irma, management pivoted to prioritize efforts to the re-establishment of speedy and seamless fulfillment, causing a delay in the public announcement of August’s revenues. Recovery is practically complete, and announcements will be forthcoming on a timely basis moving forward, as usual.
 
“As the summer comes to a close, we continue to be very happy with our growth on every level. In consideration of our recent trend of monthly record breaking growth, we prepare for a whole new level of corporate growth. Moving into the fall, our expectations include a strengthening position in the medical sector of the industry and advancement in the financial market based on consistent growth and heightened transparency,” stated Maria Gomez, Regional Vice President of Sales for Diamond CBD, Inc.
 
PotNetwork recently announced that the Company had retained the auditing services of East West Accounting Services, LLC, a Public Company Accounting Oversight Board (PCAOB) registered CPA firm, to provide a methodical review and analysis for the audited verification of the Company’s recent monthly reported revenues.
 
Second quarter and year-to-date operating results confirm PotNetwork Holding’s revenues maintain strong growth with performance continuing to exceed fiscal 2017 forecasts. With reported revenues of $5,077,625 for the first 6 months of fiscal 2017, and a net profit of $369,237, the Company concluded the first half of 2017 with a positive net cash flow of $395,009. Based on earlier reported financial statements with OTCMarkets, the Company continues on track to exceed its projections established for 2017. As developments evolve, the Company will be prompt with pertinent updates.
 
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 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.
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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