PotNetwork Holding Inc. is pleased to announce that, based upon the recent acquisition of Diamond CBD and in alignment with positive changes in strategy and corporate direction, the Company has filed the required Articles of Organization to move PotNetwork Holding and subsidiaries from its domiciled state of Wyoming to Colorado; the filing was approved and is effective immediately.
Providing a cost-effective and congruent corporate culture for the objectives of the company, the state of Colorado provides a beneficial landscape on which to build an innovative industry leader, whose core focus is the research, develop and global distribution of premium CBD/hemp extract products.
Although the Company is now a Colorado corporation, the fact remains that Management's vision is strong and universal. Diamond CBD's products are USA-made and produced with Cannabidiol (CBD) derived from the industrial hemp plant. According to the National Institute of Drug Abuse (NIDA), CBD oil may be effective in controlling epileptic seizures, reducing pain and inflammation, and may also be an effective treatment for mental health disorders, such as addiction and various forms of psychosis.
"This is another significant milestone in the Company's reorganization. Having maintained a good standing with Wyoming, the original state of registration, the domicile transfer to Colorado was completed seamlessly. We are proud to now be officially recognized as a Colorado company."
PotNetwork Holding recently announced that the Company will keep its current name and symbol designation, which suitably corresponds to the nature of the Company's business model, as Diamond CBD continues to maintain and strengthen its position as an industry leader in the growth emerging market's most thriving and popular sector.
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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