PotNetwork Holdings, Inc. Reports 6-Month Revenues of over $12 Million, or More than Two Times its Revenues for the Same Per...
August 15 2018 - 06:00AM
InvestorsHub NewsWire
PotNetwork Holdings, Inc. Reports 6-Month Revenues of over $12
Million, or More than Two Times its Revenues for the Same
Period in 2017
Company
Posts Financial Results for First Half of
2018
Ft Lauderdale,
FL -- August 15, 2018 -- InvestorsHub NewsWire
-- PotNetwork Holdings, Inc. (OTC
Pink: POTN) announced today that the Company’s six month
operating results have been posted on OTCMarkets.com in the form of
unaudited financial statement and a supplemental
disclosure.
With revenues
of $12,044,028, the Company has demonstrated the result of its
continuously strengthening momentum. The year-to-date results are
more than twice its 6-month revenues in 2017 of $5,077,625, an
increase of 137%
year-over-year.
These
six-month results will be included in the forthcoming audit and
certification of the Company’s financial statements by the
Company’s new PCAOB-member audit firm, Manohar, Chowdhry &
Associates, which audited financial statements will be included in
the Company’s refiling of its Form 10 Registration Statement with
the Securities and Exchange Commission (“SEC”). Completion of the
Company’s newly updated audit and resubmission of its Form 10 is
anticipated before the end of the
August.
The Company’s
previously filed Form 10 was withdrawn on July 20, after the
Company’s former auditors lost their PCAOB registration as the
result of a 2015 audit of an unrelated company. The withdrawal of
the Form 10 was not due to any deficiencies with respect to the
audit of PotNetwork Holdings, Inc. submitted with the Form
10.
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: 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
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