The last time we discussed POTNETWORK HLDGS I (OTCMKTS:POTN) just a couple of weeks ago, we were focusing on the company’s work on CBD (cannabidiol) based treatments for animals, a very underserved and relatively undeveloped marketplace.
According to The Hemp Business Journal, the CBD 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. CBD is the fastest growing subsector of the cannabis industry, and POTN is specializing even further therein, as we said, in developing CBD treatments for pets.
The last week has brought a number of press updates from POTNETWORK HLDGS I (OTCMKTS:POTN) that we wanted to touch upon today in accordance with our ongoing effort to keep close tabs on the companies we discuss here on Street Register.
First we learned that, in accordance with the company’s efforts to uplist to the OTCQB, POTN has engaged specialized legal counsel in addition to entering into a specialized engagement with its PCAOB auditors, to prepare a Regulation A+ (Reg A+) filing in accordance with management’s objective to heighten transparency, and bring the Company greater visibility before a substantially larger group of qualified investors. The Company anticipates having its Reg A+ filing ready for submission to the Securities and Exchange Commission by the first week in May.
“We believe that we are standing on the threshold of a revolution in this marketplace. We have pursued industry leadership and robust market penetration. Now that we have established a solid foundation, we are ready to step into a stronger and more advantageous financial arena,” stated Richard Goulding, PotNetwork Holdings CEO. (Source: Globe News Wire)
Additionally, POTN wholly owned subsidiary, Diamond CBD,. announced its participation at the 2018 Telecom Review Summit held in Beirut, Lebanon. Taking place on April 13th, this year’s Telecom Review Summit will feature a keynote panel hosted by Exponential, Inc. (XPO2) founder and CEO, Dom Einhorn.
During his keynote address at the Telecom Review Summit, the XPO2 Founder and CEO, will be discussing the importance of corporate social responsibility and impact investing and how these corporate values can strengthen brand recognition and develop new sales channels.
Diamond CBD Inc. recently signed an exclusive affinity marketing campaign with Exponential, Inc. Diamond CBD, Inc. CEO Dr. Richard Goulding recently shared his enthusiasm for XPO2’s white label marketing solution:
“This program will enable us to reach totally new consumer market segments centered in affinity marketing, and we are confident that consumers who use such affinity marketing programs will discover the exceptional value and effectiveness of our ever-expanding product line. We believe Diamond CBD’s will thrive even further as a result of this initiative.”(Source: Globe News Wire)
On top of these latest announcements, POTN has also revealed this week that it set a new sales record for itself in March, logging $2.2M in sales, as well as its 2017 full year results which included $14.49M in sales. We’re eager to continue tracking POTN and, more specifically, the ongoing growth of Diamond CBD, which has thus far done very well in pursuing its portion of the enormous and expanding CBD industry. 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.