POTNETWORK HLDGS I (OTCMKTS:POTN) is coming off a strong year in 2017, having recently shared details of its record breaking success over the past year. Beyond the financial aspect, the company also managed to create meaningful partnerships with well-known celebrities.
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”.
Recently POTNETWORK HLDGS I (OTCMKTS:POTN) as a result of the rapid growth in sales of its wholly owned subsidiary, Diamond CBD, Inc., it had achieved approximately $14.5 Million in revenues for calendar 2017. Earlier Company projection had been for $8.3 Million, which were exceeded by over 70%, due to rapid month-over-month growth in sales.
“2017 has been a phenomenally successful year for us! Our unprecedented sales growth pays tribute to the hard work of our staff and our resellers, and the exceptional quality of our CBD product line which expanded greatly over 2017,” stated Richard Goulding, Chief Executive Officer, PotNetwork Holding, Inc. He added, “We are poised to continue 2017’s growth during 2018 as we embark on new and unique marketing initiatives and embrace new opportunities with the potential of providing strong returns on investment for our shareholders.”
Goulding concluded: “Moreover, we are proud, and think our shareholders should be too, that on December 13, 2017, PotNetwork Holding was named by Huffington Post, a prominent major national news source, as “One of Five Notable CBD Revolution Industry Leaders”, an accolade that pays tribute to the Company’s achievements and future prospects.” (Source: Business Wire)
In other recent news since our last mention of POTN, the company was updated with the report that the current audit underway is nearing completion, and is expected to be finalized by month end.
In anticipation, the Company is preparing for its Regulation A filing, which is expected to enable PotNetwork Holding, Inc. to be up-listed to the OTCQB, where the Company will have greater visibility before a larger group of qualified investors. This is the Company’s next milestone in its long-term strategy of achieving a NASDAQ Capital Market listing.
“Our commitment to transparency involves keeping our investors fully informed. Although the process is time consuming, we believe that this will be one of the most important steps in achieving our goal,” states PotNetwork Holding CEO Rick Goulding. (Source: Globe Newswire)
According to The Hemp Business Journal the cannabidiol market will grow to a $2.1 billion market in consumer sales by 2020 with $450 million of those sales coming from hemp-based sources. Based on some other estimates we’ve seen, that is actually a conservative figure. But make no mistake, in nearly every conceivable model, CBD is the subsector of the cannabis industry that is set to grow by the widest margins. Perhaps due in part to the fact that the mainstreaming of legal marijuana has hit a temporary roadblock in the form of a Jeff Sessions-led DOJ, and the fact that CBD is perfectly legal, and not under the same level of regulatory constraints.
No matter how you slice it, POTN is a stock that we want to continue keeping close tabs on, with its thriving Diamond CBD subsidiary. 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.