PotNetwork Holdings, Inc. Exceeds $2 Million in Revenues in April 2018, Realizing a 98% Increase Over April 2017
May 15 2018 - 6:00AM
InvestorsHub NewsWire
PotNetwork Holdings, Inc. Exceeds $2 Million in Revenues in April
2018, Realizing a 98% Increase Over April
2017
Reflecting the Company’s Commitment to
Excellence in Research, Innovation and Consumer Satisfaction,
Exponential Results Continue
Ft Lauderdale, FL -- May 15, 2018 --
InvestorsHub NewsWire -- PotNetwork Holdings, Inc. (OTC
Pink: POTN)
is
pleased to announce over $2 million in sales revenues recorded for
the month of April. Compared with the $1,009,900 the company
achieved in April of 2017, April 2018’s revenues represent a 98%
year over year increase.
PotNetwork Holdings, Inc.’s wholly owned
subsidiary Diamond CBD, Inc. recently revealed that Diamond CBD’s
Vape Additive, Liquid Gold Vape Juice, Chill Gummies, Tinctures and
Biotech Creams, are the brand’s most successful products according
to the 2018 Investor Relations
FAQ, and are
being sold in 1000’s of retail locations across the United
States.
According to the PotNetwork Holdings, Inc. 2018
Investor Relations FAQ, Diamond CBD’s products are selling best in
Texas, California, Florida, Georgia and New York. By virtue
of Diamond CBD’s success in the 4 most populous states in the
country, and with close to 25% of its revenues coming from
ecommerce, Diamond CBD emerges as market leader in the U.S.
domestic hemp-derived CBD oil market.
As
Diamond CBD diversifies the marketing of its products, entering new
and underdeveloped sectors and verticals such as the pet supply industry, wellness centers, health food
channels, and fitness centers, it’s welcome news that U.S. and
international legislators are looking with increasing approval at
cannabis and hemp with a renewed focus.
In
April of 2018, United States Senate
Majority Leader Mitch McConnell (R-KY)
introduced H.R.5485 the
Hemp Farming Act of 2018, which if passed would remove federal
Schedule I drug status, establishing the domestic federal legality
of hemp-derived CBD oil products.
Also in April,
advancements included the Federal Drug Administration
(FDA) request for public comments
regarding “the abuse potential, actual abuse, medical
usefulness, trafficking, and impact of scheduling changes” of
cannabis and related products such as hemp-derived CBD oil, ahead
of the 40th meeting of the World Health Organization’s Expert
Committee on Drug Dependence (ECDD).
The 40th WHO ECDD
Conference is scheduled for June 2018 in Geneva,
Switzerland, and many hemp and cannabis industry experts expect it
will have long term ramifications on global policies and views
towards these valuable natural substances.
PotNetwork
Holdings, Inc. is acting swiftly to protect industry dominance,
in part by advancing towards expansion into new regional
markets in the U.S., as well as Canada and Europe. Domestically,
recent strategies include direct sales to brick and mortar
retailers through the mobilization of a corporate fleet of
inventory stocked vans in major U.S. metro markets directly
servicing retailers, with products that are locally
stocked and warehoused.
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 PotNetwork Holdings,
Inc: PotNetwork
Holdings, 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 Holdings,
Inc.
Investor Relations:
Marisol Elwell,
1-800-915-3060
investor@PotNetworkHolding.com