Pot Network Holding, Inc. is pleased to announce today PotNetwork and Diamond CBD have been highlighted in a recent comprehensive research report projecting a newly updated price target of $1.25.
The detailed summary outlined industry statistics and recent corporate milestones. The research report specified:
“We are increasing our price target for POTN following strong monthly sales data and 3Q17 filings that indicate continued profitability as the company invests in growth. POTN results have included robust top line growth, with revenue already tracking above our initial estimates and company guidance. The company announced preliminary 2017E sales estimates of $14.5mn, which were in line with our recently raised estimates for 2017E, and appears well-positioned to meet or exceed our 2018E estimate, assuming continued significant sales momentum in a structural growth market.”
“It is very rewarding to experience this type of growth and success, and all the more pleasing to see an acknowledgement of our collective efforts in the marketplace,” stated PotNetwork Holding CEO, Dr. Richard Goulding.
The report highlighted the following pertinent factors:
“Hemp derived CBD provides a legal alternative to marijuana based CBD (which is banned at federal level) and allows the consumer to enjoy CBD without the risk of getting high and breaking any federal laws. Hemp derived CBD market is projected to grow at a CAGR of ~53% till 2020, positioning it as the fastest growing sub segment within the multi-billion-dollar legal cannabis and hemp market. Diamond CBD continues to report robust top line growth, as indicated by recent 3Q17 results and continued momentum through November. We see POTN as a speculative growth company focused on the burgeoning legal cannabis and hemp market targeting the fastest growing sub segment (hemp derived CBD). Upcoming catalysts new product launches, aggressive marketing initiatives and entry into new markets (specifically China), and efforts to uplist shares to a national market.”
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.com: PotNetwork.com is 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. (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 PotNetwork.com.
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