PotNetwork Holdings, Inc. Reports $18.1 Million in Sales Surpassing Entire Revenue Generated in 2017
October 23 2018 - 7:00AM
InvestorsHub Cannabis NewsWire
PotNetwork Holdings, Inc.
Reports $18.1 Million in Sales Surpassing Entire Revenue Generated
in 2017
Exceeding Last Year’s 9-Month
Performance by 90%, Company Prepares for Exciting Final Quarter of
2018
Fort Lauderdale, FL -- October 23,
2018 -- InvestorsHub NewsWire
-- PotNetwork Holdings, Inc. (OTC
Pink:
POTN) today announced sales of $18.1
Million for the first 9 months of the year, realizing an $8.6
Million increase in year over year sales. This follows the
Company’s recent announcement of its record third quarter revenues
of $6.1
Million.
Driven by the growth of its
wholly-owned subsidiary, Diamond CBD, Inc., PotNetwork Holdings,
Inc. has taken root as an industry leader in the growing market for
premium hemp extracts. PotNetwork Holdings is expanding its
research and development, multinational marketing and international
distribution of a broad range of hemp-derived cannabinoids and
other natural hemp
derivatives.
PotNetwork Holdings also reported
that sales of Diamond CBD Products are coming 60% from its
wholesale distribution network and 40% from online sales including
from www.diamondcbd.com.
“I am extremely pleased with our
year-over-year growth,” said Kevin Hagen, president of Diamond CBD.
“We provide customers with a high-quality product with lab reports
attached to each product displayed online. It is part of our
commitment to transparency in providing the highest quality CBD to
our
customers.”
PotNetwork Holdings expects to file
its quarterly report for the 9 months ended September 30, 2018 on
or before November 14, 2018. The quarterly report will contain a
further breakdown of the Company’s revenue and
earnings.
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
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