PotNetwork Holdings, Inc. to File SEC Form 10 to Become Fully Reporting Company
June 18 2018 - 8:43AM
InvestorsHub NewsWire
PotNetwork Holdings, Inc. to File SEC Form 10 to Become Fully
Reporting
Company
Company
Prepares to Meet Uplisting Requirements to Achieve OTCQB
Designation
Ft Lauderdale, FL -- June 18, 2018 --
InvestorsHub NewsWire -- PotNetwork Holdings, Inc. (OTC
Pink: POTN) announced
today that its Board of Directors has directed the Company’s
counsel to prepare a Form 10 to be filed with the Securities and
Exchange Commission, to become a fully reporting SEC company. This
action is fundamental to the Company’s efforts to demonstrate
heightened transparency to its investors, and bring
the Company greater visibility and credibility
before a substantially larger group of qualified
investors.
The Company expects to file the Form 10 not
later than June the 30, 2018.
This announcement comes following the
Company’s recent release
on April 2, 2018 of its audited consolidated financial
statements for calendar year
2017,
certifying 2017 revenues of $14.49 Million, and gross profits
of $5,180,865. “We believe
that we have developed a company with a business model and market
traction deserving of a stronger presence in the financial markets.
With revenue continuing to demonstrate strong gains year-over-year
and an ever expanding distribution footprint, this Board of
Directors’ decision was inevitable. It sets the stage for
several significant developments to be announced over this next
calendar quarter. This filing is a pivotal event for us.”
stated Richard Goulding, PotNetwork Holdings’
CEO.
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