PotNetwork Holdings, Inc. Concludes Record Breaking 3rd Quarter with Revenues Exceeding $6.1 Million
October 18 2018 - 6:00AM
InvestorsHub NewsWire
With Sales Averaging $2 Million per Month, Company Goes into 4th
Quarter Reporting a Nearly $2 Million Increase in Sales Over 3rd
Quarter of
2017
Ft
Lauderdale, FL -- October 18, 2018 -- InvestorsHub NewsWire
-- PotNetwork
Holdings, Inc. (OTC Pink: POTN) today
announced third quarter revenues totaling $6.1 Million representing
a 37% increase over the same period last
year.
The
Company committed to increasing marketing during the last year
resulting in the increase of year over year revenue. The marketing
budget increased by more than 200% during that
time.
Diamond
CBD distributes premium quality products, and has established a
successful, continually broadening distribution footprint. Diamond
CBD’s products are taking advantage of the popularity of
hemp-derived CBD. Diamond’s hemp-derived CBD products do not
contain any THC and are tested for
purity.
Driven
by the continually growing results of its wholly-owned subsidiary,
Diamond CBD, Inc., PotNetwork Holdings, Inc. has recently filed its
Form 10 registration statement with the U.S. Securities and
Exchange Commission that includes the Company’s audited financial
statements. Additionally, PotNetwork Holdings, Inc. intends to seek
listing on the OTCQB market
tier.
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.
With Sales
Averaging $2 Million per Month, Company Goes into 4th Quarter
Reporting a Nearly $2 Million Increase in Sales Over 3rd Quarter of
2017
Contact:
PotNetwork
Holdings, Inc. Investor Relations: Marisol
Elwell
1-800-915-3060
investor@PotNetworkHolding.com
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