We have been pounding the pavement excessively on the cannabis sector, reminding our readers at every turn that 2018 is going to be a big year for related stocks, such as POTNETWORK HLDGS I (OTCMKTS:POTN). We discussed this stock here on Street Register several times in 2017, with the first occasion being on Saint Patrick’s Day.
Like many other marijuana related stocks, we’ve seen some very nice moves recently, but POTN is one that has really impressed. Shortly following that first article on March 17th, shares of POTN were changing hands for as little as .0152. The progress they’ve made since then has been monumental, with the stock hitting anew annual high of .29 this week. That figures in as an increase of 1807.8% inside a calendar year, which is nothing to sneeze at.
Since acquiring industry innovator First Capital Venture Co. and Diamond CBD, POTNETWORK HLDGS I (OTCMKTS:POTN) has established a solid infrastructure for success. In 2017 the Company saw advancement on several fronts. It created a buzz at numerous conferences and trade shows nationwide, increasing sales and networking dramatically. The company also retained an accounting firm to initiate an audit on PotNetwork Holding, Inc.’s Revenues in anticipation of becoming a fully reporting company and escalating the company’s status, as well as establishing an Advisory Board with notable physicians and two FDA seasoned scientists to aid in research and development of new products.
POTN also brought on a Distinguished Florida Physician as Chief Executive Officer, who went to work, completing the acquisition of PotNetwork.com, and retiring 300,000,000 common shares held by principal shareholders, representing a reduction of over half the issued and outstanding common shares.
Also in 2017, POTN established product lines in concert with well known celebrity names, creating two unique brands. It launched a Diamond CBD Exclusive “LT Master Pain” CBD Line with Hall of Fame defensive tackle, NFL Legend, Lawrence Taylor. Additionally the company adapted a CBD Product Line with Tommy Chong, of Cheech & Chong fame, under the Brand Name “Chong’s Choice CBD”.
“To say that we are pleased with this past year’s achievements, is an understatement. Sales were wildly beyond expectations, proving the market knows good and needed products, and it’s responding. We are now harnessing the momentum with a host of new products that we will be testing and offering, embracing the unique and as yet undiscovered effects of CBD,” stated Richard Goulding, Chief Executive Officer, PotNetwork Holding, Inc. (Source: Business Wire)
In another notable development, the company was featured in a Huffington Post article highlighting the emergence of the CBD industry. In its coverage of PotNetwork specifically, it summarized the company’s dedication to research, development, and multi-national distribution of premium hemp extracts. The article also shed light on the Company’s reach, highlighting the established control of more than 15 CBD recognizable brands marketed at thousands of retail stores around the country through its subsidiary, thus strengthening distribution for its signature edible gummies, vape pens, vape additives, pet products, and more, available in 100’s of flavors and sizes. (Source: Business Wire)
With 2018 set to be a booming year for the cannabis industry, we’re going to want to pay special attention to POTN and stocks like it, as they have recently produced chances for astronomical gains on the chart, and look to be set to continue to do so indefinitely. Stay locked to Street Register for updates, and we’ll provide important developments on POTN as they unfold. In the meantime, if you’ve yet to sign up for our 100% free newsletter, do so now! Just enter your active email address into the box below and submit!
Disclosure: No one at Street Register has been compensated in any way for the publishing of this article, nor do we hold any position in POTN stock, short or long.