PotNetwork Holding To Enter World's Fastest Growing Market With Formation Of Blockchain Crypto Technology Subsidiary
March 13 2018 - 6:00AM
InvestorsHub NewsWire
PotNetwork
Holding To Enter World’s Fastest Growing Market With Formation Of
Blockchain Crypto Technology
Subsidiary
Royal Bank
Of Canada (RBC) Analysts say Crypto Market Likely to Reach $10
Trillion
Ft
Lauderdale, FL -- March 13, 2018 -- ADVFN Crypto NewsWire --
PotNetwork Holding Inc. (OTC Pink: POTN) (“Company”), announced
today that after considerable evaluation and planning,
the Company enters into the rapidly growing global blockchain
crypto technology sector through strategized investments that it is
making through its new wholly-owned subsidiary, Blockchain Crypto
Technology Corp. The strategic intent of this action is to
allow the Company to diversify its investments and further
strengthen its return on capital by tapping into an alternative
high growth market that is predicted to continue to rapidly grow
for many years.
According to CNBC, “Cryptocurrencies and the blockchain
technology underlying them could become a $10 trillion market in 15
years, RBC Capital Markets analyst Mitch Steves says. That's more
than 13 times larger than the roughly $730 billion value of
cryptocurrencies today, according to
CoinMarketCap.
"By
utilizing decentralized computing and opensource software, we see a
multi-trillion dollar market emerging," Steves, who also covers
semiconductor stocks for RBC, said in a Wednesday
report.
Forbes published the
2017 average price change of Bitcoin, Ethereum and XRP, three of
the most common cryptocurrencies, at 14,409%. Cryptocurrencies
today have a total market capitalization of over $375 billion
(https://coinmarketcap.com/coins/).
Richard Goulding, President of PotNetwork
Holding, Inc., stated “We have decided to diversify our investments
by entering this rapid growth market. Although the Average Daily
Price Volatility of the 3 companies mentioned in the
Forbes article above, (Bitcoin@ 10.25%; Ethereum@ 12.62%;
and XRP@ 16.75) are much higher and therefore less
stable/predictable than gold (@0.7%); or APPLE (@1.37%), we feel
that after looking at the numbers, this is an arena we just
couldn’t ignore.”
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
Inc.: PotNetwork Inc.
brings to market PotNetwork.com, a counter-culture,
cutting-edge digital magazine, publishing up-to-date news and
articles on the cannabis industry. PotNetwork, Inc. operates as a
wholly owned subsidiary of the Company; PotNetwork.com operates as
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 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
Potnetwork (CE) (USOTC:POTN)
Historical Stock Chart
From Mar 2024 to Apr 2024
Potnetwork (CE) (USOTC:POTN)
Historical Stock Chart
From Apr 2023 to Apr 2024