PotNetwork Holding, Inc. announced today that the Company has provided a shareholder update with respect to recent concerns that have been brought to Management's attention regarding electronic trading though one of the markets leading discount trading platforms.
Recently, the Company discovered that during an interval of growth when the Company had been pursuing beneficial corporate changes, Scottrade, an online discount broker, had not recognized POTN's Depository Trust Company's eligibility. PotNetwork's effective trading activity on other major online trading platforms such as E*Trade, TD Ameritrade and other brokerages is indicative that the issue is not related to any Company compliance issues, but only particular to Scottrade. Once becoming aware of this isolated trading question, Management immediately and diligently acted to assure that Scottrade had all necessary information to promptly rectify the issue so that the stock can be traded on that platform. If you have a Scottrade account and wish to invest in POTN, please contact Scottrade corporate office at 314-965-1555 and request that POTN be updated in their system as soon as possible.
"First and foremost, we want to assure our loyal shareholders that we are as profoundly committed to the trading success of our investors as we are to the organic growth of our Company in the CBD industry. We firmly believe that the ultimate measure of our success is all-encompassing. Therefore, we have taken a proactive approach in working closely with Scottrade to make certain that the Company has done all within its power to facilitate the speedy resolution of this matter. We are very pleased with Scottrade's commitment toward a timely resolution," stated Gary Blum, Chief Executive Officer, PotNetwork Holding, Inc.
The Depository Trust Company's (DTC) Deposit and Withdrawal at Custodian (DWAC) service provides participants with the ability to make electronic book entry deposits and withdrawals of eligible securities into and from their DTC book entry accounts. This enables participants to instruct DTC regarding deposit and withdrawal transactions being made directly thereby eliminating the movement of physical securities certificates for transfers of securities registered in the name of DTC's nominee, Cede & Co, on the transfer agent's books. As a result, DTC deposit and withdrawal activities seamlessly process transactions electronically, whereas DTC holds legal title to the securities and the ultimate investor is the beneficial owner.
PotNetwork recently announced that the Company had attained its highly-anticipated goal of establishing a merchandising network of 7,000 authorized retail vendors. This puts Diamond CBD "over the top" with its products now accessible at approximately 10,000 stores in the United States. Diamond CBD sales have accelerated from $1,663,081.78 for the 4 quarters of 2016 to a pace that will probably exceed $1,700,000.00 for the first quarter of 2017.
About Diamond CBD
Diamond CBD Inc 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 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 and E-Liquids found anywhere. For more information, please visit its website at www.DiamondCBD.com.
About PotNetwork Holding, Inc.
PotNetwork Holding, Inc. (OTC PINK: 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, and Sunrise Auto Mall, Inc.
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