PotNetwork Holdings, Inc. Files Form 10 To Become SEC Reporting Company
October 15 2018 - 6:00AM
InvestorsHub NewsWire
Filing Advances Company Goal of Uplisting to
OTCQB
Ft Lauderdale, FL -- October 15, 2018 --
InvestorsHub NewsWire
-- PotNetwork
Holdings, Inc. (OTC Pink:
POTN) announced today that it has filed a
Registration Statement on Form 10 with the U.S. Securities and
Exchange Commission (SEC) to register its common stock under the
Securities Exchange Act of 1934, as amended (the Act) including its
audited financial statements for the year ended December 31, 2017
and unaudited interim financial statements through June 30, 2018.
POTN had engaged PCAOB member firm Manohar, Chowdhry &
Associates, in July 2017 to replace its former
auditor.
The Company’s
voluntary filing of the Form 10 will make the Company subject to
the periodic reporting requirements of the Act which includes
annual, quarterly and current report filings.
Additionally, the filing will enable the Company’s management to
move forward with its application to OTC Markets to uplist to the
OTCQB market
tier.
As a result of
investor feedback and management’s plan for a new, broadened
strategic direction, the Company has rescinded the previously
announced name and symbol change, with the intent of using the
“BioTech Hemp” name for a new subsidiary under the expanded
2018-2019 business plan. Therefore, the name and trading symbol for
the Company remains the
same.
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 principal subsidiaries, First Capital Venture Co.,
the owner of Diamond CBD, Inc., the maker of Diamond CBD
products.
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