PotNetwork Holdings, Inc. Sets New Monthly
Sales Record in March 2018, With
$2.2 Million in Sales
Innovative CBD Industry Pioneer Records 152%
Increase in Year-Over-Year Revenues
Ft Lauderdale, FL -- April 10, 2018 --
InvestorsHub NewsWire -- PotNetwork Holding, Inc. (OTC
Pink: POTN) On Tuesday, April 10, 2018, PotNetwork Holdings, Inc. announced
record breaking sales performance for March 2018. With over $2.2
million in sales revenue recorded across the month,
the company has
posted a 152% year over
year increase when compared with March 2017.
With over
$6.3 million in revenues recorded for Q1 of 2018, PotNetwork
Holdings, Inc. is
well on track to exceed its performance in 2017.
The company
recently announced the release of audited
consolidated financial statements
reporting 2017 sales of $14.5 million, with gross profits of
$5,180,865, and, despite making large reinvestments in its future
growth, positive net income of $178,918.
The
company's wholly
owned subsidiary, Diamond CBD, Inc. has been aggressively exploring
new business development opportunities. In March
2018, the company presented its products at
the high profile industry leading trade shows ASD Market
Week and
Global Pet
Expo.
As a
provider of the highest quality CBD hemp oil products, Diamond CBD,
Inc. continues to attract new customers in verticals such as
petcare
products which are allowing the brand to differentiate
itself in the market.
In 2017, American pet
owners
spent more than $69.36 billion on their pets. Of that number,
nearly $15 million was spent on over-the-counter health and
wellness products in the same category as Diamond CBD, Inc.'s
recently released "MediPets" product line.
Between April 17
and 27, 2018, Diamond CBD, Inc. is
launching an African business development project by contributing
material support and resources towards community
action projects taking place
across Kenya.
Diamond
CBD, Inc.'s efforts in Kenya align the brand's corporate culture
with values of corporate social responsibility and service to the
community.
Recently, the Company launched
its
first international charity event in Manila,
Philippines. Co-sponsored
by Diamond CBD, Inc.'s marketing partner, XPO2, this charitable
event offered over 100 at-risk children and adolescents hundreds of
items of food as well as critical supplies such as soap, clothing
and blankets.
Diamond CBD,
Inc. is dedicated to offering financial returns to investors as
well as measurable benefits to society and the local environment in
which the business operates.
About
Diamond CBD, Inc.: Diamond
CBD focuses on the
research, development, and multinational 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 XPO: Exponential, Inc. (XPO)
is a cause related technology marketing company that develops and
promotes a white label e-commerce platform to drive fundraising
revenue on behalf of charities and non-governmental organizations
(NGOs) worldwide. Via the platform, donors and supporters gain
access to exclusive discounts and savings typically not available
on the merchant site while helping raise incremental funds for
their favorite cause with every purchase, at no extra cost to
them.
About PotNetwork Holdings,
Inc: PotNetwork Holdings, Inc. (OTC
Pink: POTN)
is a publicly traded company that acts as a holding company for
its subsidiary, 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 Holdings,
Inc. Investor Relations:
Marisol Elwell,
1-800-915-3060
investor@PotNetworkHolding.com