Exceeding $1,750,000.00 in Revenues for August, PotNetwork Holding Inc.'s Diamond CBD Hits Highest Revenues Recorded to Date
October 12 2017 - 8:30AM
InvestorsHub NewsWire
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
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opportunities, plans and objectives of management for future
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"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