PotNetwork Holding, Inc. announced today that its wholly owned subsidiary, Diamond CBD, Inc., has generated over 2 million dollars in sales for the month of February, surpassing last year’s sales of $472,000 for the same interval, reflecting year-over-year growth, in the range of 480 percent.
The company also received interest from over 250 new wholesale distributors to represent the Diamond CBD brand at the 37th CHAMPS Trade Show on February 19-21, an event that yielded the company $270,000 in sales over 3 days.
Initiating coverage with a “Strong Speculative Buy” recommendation by Harbinger Research, Diamond CBD has been highlighted in a recent comprehensive research report projecting a price per share target of $1.25.
This recommendation substantiates the recently updated research report by SeeThruEquity, following strong monthly sales data and 3Q17 filings, where analyst projections were raised to $1.25 based on robust top line growth, and revenue already tracking above initial estimates.
To view these reports in their entirety, visit:
About Diamond CBD Inc.: Diamond CBD focuses on the research, development, and multi-national 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 Inc.: PotNetwork Inc. brings to market PotNetwork.com, a counter-culture, cutting-edge digital magazine, publishing up-to-date news and articles on the cannabis industry. PotNetwork.com operates as a wholly owned subsidiary of the Company; a media resource providing a full range of industry related topics.
About PotNetwork Holding Inc: PotNetwork Holding Inc. (OTCPink:POTN) is a publicly traded company that acts as a holding company for its subsidiaries, First Capital Venture Co., the owner of Diamond CBD, Inc., the maker of Diamond CBD oils.
Safe Harbor Act: 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.