Market Overview

Exceeding $1,750,000.00 in Revenues for August, PotNetwork Holding, Inc.'s Diamond CBD Hits Highest Revenues Recorded to Date

Share:

Monthly Sales in August Maintain Record Breaking Trend with Over
20% Increase from July, Exceeding Expectation as Company Approaches the
Conclusion of Third Quarter

PotNetwork Holding, Inc. (OTC Pink: POTN)
is delighted to announce that its wholly owned subsidiary, Diamond
CBD, Inc., has delivered yet another impressive month of financial and
industry growth. For the month of August 2017, Diamond CBD achieved
record breaking revenues of $1,764,880.00, which exceeded July revenues
by 20.9%.

As a result of delays caused by Hurricane Irma, management pivoted to
prioritize efforts to the re-establishment of speedy and seamless
fulfillment, causing a delay in the public announcement of August's
revenues. Recovery is practically complete, and announcements will be
forthcoming on a timely basis moving forward, as usual.

"As the summer comes to a close, we continue to be very happy with our
growth on every level. In consideration of our recent trend of monthly
record breaking growth, we prepare for a whole new level of corporate
growth. Moving into the fall, our expectations include a strengthening
position in the medical sector of the industry and advancement in the
financial market based on consistent growth and heightened
transparency," stated Maria Gomez, Regional Vice President of Sales for
Diamond CBD, Inc.

PotNetwork recently announced that the Company had retained the auditing
services of East West Accounting Services, LLC, a Public Company
Accounting Oversight Board (PCAOB) registered CPA firm, to provide a
methodical review and analysis for the audited verification of the
Company's recent monthly reported revenues.

Second quarter and year-to-date operating results confirm PotNetwork
Holding's revenues maintain strong growth with performance continuing to
exceed fiscal 2017 forecasts. With reported revenues of $5,077,625 for
the first 6 months of fiscal 2017, and a net profit of $369,237, the
Company concluded the first half of 2017 with a positive net cash flow
of $395,009. Based on earlier reported financial statements with
OTCMarkets, the Company continues on track to exceed its projections
established for 2017. As developments evolve, the Company will be prompt
with pertinent updates.

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 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.

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.

View Comments and Join the Discussion!
 

Partner Center

Loading...