Potnetwork Holdings Inc. (fka POTN)

[Fitman10]

I hope no one falls for this scam again!

[retired early]

Wow this stock in my past is looking pretty weak. :(

[Here Today]

https://www.potnetworkholding.com/media/press/potnetwork-holdings-inc-potn-will-change-its-name-%E2%80%9Cdiamond-wellness-holdings-inc%E2%80%9D


PotNetwork Holdings, Inc. (POTN) Will Change Its Name to “Diamond Wellness Holdings, Inc.”
May 25, 2022



Wholly-owned subsidiary, First Capital Venture Co., also plans to change its name to “Diamond Wellness, Inc.”

Ft. Lauderdale, Florida – May 26, 2022 – PotNetwork Holdings, Inc. (OTC Pink: POTN) (the “Company”) announced today that on May 5, 2022, it had filed a “Pre 14C” (a draft “Information Statement”) with the Securities and Exchange Commission (“SEC”), in order to change its name to “Diamond Wellness Holdings, Inc.” (the “Name Change”). Following the required 10-day SEC comment period, the Company has filed with the SEC the final version of the Information Statement on form DEF 14C and is posting this release and a formal notice of the Name Change on its website. After a mandatory 20-day waiting period, the Company will then file in Colorado, its State of incorporation, an amendment to its Articles of Incorporation implementing the Name Change.

Promptly afterward, the Company will request a change of its name and trading symbol on the OTC Market via a corporate action request to be submitted to the Financial Regulatory Authority (“FINRA”).

First Capital Venture Co., the wholly-owned subsidiary of the Company, plans to also change its name for consistency, changing its name to “Diamond Wellness, Inc.”

“These corporate actions reflect the singular focus of the Company on its primary revenue-generating business, Diamond CBD,” stated Sohail Quraeshi, President and Chief Executive Officer of the Company. “And they are intended to signal to the market that the Company is evolving aggressively to meet the challenges of today’s rapidly changing market.”

“To help us meet this challenge, in February, the Company expanded its Board of Directors by adding three outside directors and appointing its first audit committee of the Board,” he added. “The Corporation will also be shutting down the website, PotNetwork.com, a news and information site, in order to solely focus on its Diamond CBD business, which continues to grow. In connection with the website shutdown, the Company will also shut down and dissolve its subsidiary, PotNetwork Media Group, Inc. This website domain, PotNetwork.com, will be put up for sale.”

[Here Today]

Hmmmmmm.


https://www.otcmarkets.com/filing/html?id=15849223&guid=f4awkpVp4tRSJth

[gi197845]

Wash, rinse, repeat. Changing the name, to lure in more unsuspecting victims.

[Landsnack]

New name, same scam.

[Here Today]

https://www.otcmarkets.com/filing/html?id=15846268&guid=osawk621EjGWJth

[cuckoo 4 cocoa puffs]

Best Delta 8 Brands Online – First Look
1. Diamond CBD – Best Overall Delta 8 Brand

What we liked…

Great D-8 gummy variety
Nice rewards program for members
Amazing promos
Offers other Delta 8 products
Third-party lab testing/
What we disliked…

Not exclusively a Delta 8 shop
Diamond CBD checks all the boxes that mark great Delta 8 brands. These features include; great user reviews, high-quality products, competitive prices, and probably the widest collection of Delta 8 products you’ll find.
The quality here isn’t just all talk, as the brand makes sure that all products are lab tested for quality and purity. Furthermore, lab test reports are easily accessible on the Diamond CBD website—as they should be!
We like that regardless of Diamond CBD’s wide product selection, the shopping experience remains pleasant thanks to the clever filter options. You can browse by ingredient, strength, and mood filters to easily find something right up your alley.

Whether you’re a new or a relatively experienced Delta 8 user, you could take to the “LEARN” section and explore the extensive blogs and videos to find out more about Delta 8 and the cannabis industry as well.

But where this vendor really shines is on pricing! Diamond CBD is the king of deals, sales, and discounts. Chances are, there’s a deal running every time you visit the official website. On top of that, this brand has a rewards program that you can cash in on for even better discounts.

What’s more, for orders above $100, there’s express shipping, plus you can decide to register on the site to get 70% OFF. Now enough about this brand’s stats; it’s the CBD and hemp products that we really care about.

Our Favorite Products…

Chill Plus CBD & Delta 8 Extreme Tropical Mix Gummies – These CBD and Delta 8 Tropical Mix gummies come in sweetened assorted flavors of Blueberry, Watermelon, and Pineapple for a “buzzier” cannabis experience.

Chill Plus Delta Force Square Gummies – Enjoy the CBD and Delta 8 Delta force square gummies in flavors of blueberry, mango, watermelon, sunshine mix, and more for a smooth buzz.

Chill Plus Full Spectrum Delta-8 CBD oil – Great for winding down after a long day with the evenly balanced and full spectrum cannabinoid benefits of the Chill plus Delta 8 oil for a subtle buzz.

https://www.marinij.com/2021/12/30/best-delta-8-brands/

[cuckoo 4 cocoa puffs]

POTN is crushing the Delta-8 market. Now Federally Legal!
With new 10X Delta-8 THC Gummies, you can embrace the carefree, soothing pleasure of this exciting new cannabinoid while experiencing the sweet taste that lasts all day long. It’s an all-new cannabinoid experience at extreme levels!??
https://www.instagram.com/p/CdomuvTvcSW/

[Here Today]

Cash Bowski is the most up to date on its happenings.

[cuckoo 4 cocoa puffs]

Delta-8 THC Products Are Federally Legal Just Like Hemp, Appeals Court Rules

Huge News for the Hemp Industry. POTN produces lot's of Delta 8 products!

The federal legalization of hemp through the 2018 Farm Bill removed restrictions on a wide range of molecules produced by the cannabis plant—including, a new court ruling says, the psychoactive cannabinoid delta-8 THC.

A panel of the U.S. Court of Appeals for the Ninth Circuit wrote in an opinion published Thursday that products containing delta-8 THC are generally legal because federal law defines hemp as “any part of” the cannabis plant, including “all derivatives, extracts, [and] cannabinoids,” that contains less than 0.3 percent delta-9 THC by weight.

The law, the court said in the 3-0 ruling, “is silent with regard to delta-8 THC.”

Delta-9 THC, often referred to simply as THC, is the most abundant psychoactive cannabinoid in marijuana and remains federally illegal, classified as a Schedule I controlled substance. By contrast, Delta-8 THC typically occurs in only trace amounts in the cannabis plant.

Current cultivation and manufacturing techniques, however, allow for so-called minor cannabinoids to be concentrated from hemp plants and refined into consumer products. And delta-8 THC products have surged in popularity in recent years, especially in states where marijuana remains illegal.

Like its more famous counterpart, delta-8 THC also has psychoactive properties, although proponents say the experience is generally more subdued and has gentler side effects than delta-9 THC. Health officials and even some advocates of marijuana legalization, however, say far less is known about the health impacts or potential risks of delta-8 THC.

The Ninth Circuit panel, for its part, noted that although delta-8 THC has “psychoactive and intoxicating effects,” it falls within federal law’s definition of hemp and is therefore legal.

“Regardless of the wisdom of legalizing delta-8 THC products, this Court will not substitute its own policy judgment for that of Congress,” Judge D. Michael Fisher wrote for the three-judge panel, which also included Judges Andrew Kleinfeld and Mark Bennett. All three were appointed by Republican presidents.

If lawmakers inadvertently created a loophole and didn’t intend to legalize psychoactive substances such as delta-8 THC, Fisher said, “then it is for Congress to fix its mistake.”

Oral argument in the case took place in March.
https://www.marijuanamoment.net/delta-8-thc-products-are-federally-legal-just-like-hemp-appeals-court-rules/

[Ttoozak66]

Are there any updates on the court case?

[Here Today]

Yes, no one knows since they have not reported anything since the indictment of all the criminals. But hopefully once the case is completed, and the pricks get what is coming to them, I believe the company will succeed since Diamond CBD’s gummy line has always been very good. So once the case is over, I believe the company can proceed and succeed going forward - Especially if they get into the THC arena in my opinion.

[Landsnack]

How would anyone know? Last report was horrendous. $5 in trades today was $5 too much.

[Here Today]

From all the products they have continuously been selling...

[Fitman10]

How do they have the money to expand anything??

[Here Today]

Well let’s see if they can actually clean up the company financials and become current.

One thing I noticed is that they finally posted the Share count held at DTC which was never reported prior....


Outstanding Shares
909,974,924
05/06/2022

Restricted
244,928,148
05/06/2022

Unrestricted
665,046,776
05/06/2022

Held at DTC
558,486,623
05/06/2022

[Here Today]

https://www.otcmarkets.com/stock/POTN/news/story?e&id=2214799

Diamond Expands Product Offering With Launch of THC Cartridges

Delta 8 carts, Delta 10 carts, HHC carts and more offer exciting new strains and flavors

FT LAUDERDALE, FL / ACCESSWIRE / May 13, 2022 / Diamond CBD ("Diamond"), one of the largest cannabis retailers in the United States, has announced the launch of various THC products. Diamond has introduced vaping cartridges in Delta 8-THC, Delta 10-THC, HHC, and THC-O varieties. Consumers have an extensive choice of strains from which to choose, offering them a wide variety of flavors and terpene profiles.

Diamond's newly released line of Delta 8 cartridges is geared toward satisfying consumers and providing them with the desired effects. Safe, premium distillate carts without additives or carcinogens. Delta 8 has been the newest trend in the cannabis industry.

"For Delta 8, it's basically like when CBD was introduced into the consumer market several years ago, with widespread excitement and potential for a milder, smoother relaxing effect," said Diamond President, Kevin Hagen.

As an industry innovator and marketing leader in the ever growing CBD world, Diamond chose to experiment on their own. Delta-8 THC is being introduced into the company's vaping products, along with several other psychoactive ingredients. With the introduction of Delta 10 cartridges, in addition to HHC cartridges and THC-O cartridges, Diamond stepped up its product portfolio.

A Multitude of Strains To Choose From
You should consider the effect you wish to obtain, the conditions you feel, as well as the flavors and odors that are most enjoyable to you when selecting your next favorite strain. It is advisable to experiment with many strains to determine what you prefer and enjoy.

Some of the introduced strains are:

Pineapple Express
Wedding Cake
Blue Dream
Grand Daddy Purple
Maui Wowie
Sour Diesel
Gorilla Glue
Durban Poison
& many more
Scientifically Formulated for Perfection
Diamond CBD employs a well-credentialed team of professionals, scientists, and researchers who come together to produce ideal cannabinoids for consumer use. Whether consumers are looking for energy and focus from Delta 10, relaxation and calm from Delta 8, or the wellness benefits of CBD, they'll find just the right ratio of cannabinoids in every cart. From Delta 8 to THC-O and more, each compound is bred for its genetics and terpenes and hand-produced to have the perfect formulation. Moreover, each strain has an ideal balance of aroma, scent, and flavor to give every puff a sweet taste making Diamond CBD the only way to cap off a long day.

[radly]

Even if all the trades were buys that would only be $9 buys. Big spenders, I hope they make a fortune.

[billytbone]

Fools keep wasting money dreaming of the elusive 10-20-50 bagger this sure isn't it!@

[radly]

Up 100% on $82 in volume. She's a beast, lol

[CashBowski]

Haha seeing these scumbags in handcuffs is a delicious treat

[billytbone]

He does look good in handcuffs though doesn't he?

[CashBowski]

Judge just ruled that Vaccaro won’t be getting his dinghy back. Money wasted on over six months of litigating this thing. Smh

The court finds that the Government has met its burden to show that the Inflatable is subject to forfeiture, and thus, the Government has a ‘continuing interest’ in the Inflatable. Accordingly, the court hereby denies Vaccaro’s Motion for Return of the Inflatable.

[CashBowski]

Yes, that’s one of the current deficiencies, but there’s also this:

FINRA has knowledge that parties related to the action are the subject of pending, adjudicated or settled regulatory action or investigation, or civil or criminal action related to fraud or securities law violations

[Here Today]

Only way I would think they can proceed would be if they updated all the missing Q’s and the K.

Reason I’m thinking the RS was denied was after all the complaints they must have received from shareholders who lost money. No way Finra Or the SEC could have approved that - No matter how corrupt they even tend to be at times.

[CashBowski]

They don’t meet the criteria of Rule 6490 in order for FINRA to process the name change. Same thing happened with their proposed RS — FINRA turned them down.

[billytbone]

Not telling me anything I don't already know just avoided answering my question.

[spotonge]

They have been in business for a long time.Do some DD.Clue it's on there web page Diamond CBD

[billytbone]

Tested by whom? The CBD industry is wide open quality control doesn't exist.

[spotonge]

Everything they put out is tested.

[Landsnack]

Best to be careful with your kidneys.

[Landsnack]

I wouldn’t eat anything from these scumbags. And what about the financials?

[radly]

I have also ordered different products in the past that seemed to work. The last product I ordered was some Delta 8 gummies and I took 1 and had what was like a bad acid trip. Started to go to the emergency room but it passed after several hours. Don't know if it was because it didn't mix well with my other prescription medicine. So I have altogether stopped taking CBD.

[rice72]

I cant speak for the hundreds of products but I have ordered 6 different products and all have arrived in the time stated for delivery and all have worked as described. No way to know what is really happening here outside of the court case.

[billytbone]

New name, same old scam.
https://ih.advfn.com/stock-market/USOTC/potnetwork-ce-POTN/stock-news/88024756/proxy-statement-other-information-preliminary-pr

[radly]

I should have said that they have a website and offer to sell hundreds of different products.

[billytbone]

ALLEGEDLY selling hundreds of different products.
Websites don't mean squat.

[radly]

None. But you would have thought a company with a website and selling hundreds of different products would be worth more than .0002

[billytbone]

What real reason should there be any interest in the fraud?

[radly]

She's flying now. 62 cents on 2 trades today.

[gi197845]

If it's not a reverse split that gets ya, it will be FDA rejection, or a shelf-offering with billions of diluted shares! Or, it's a Camen Islands, off-shore account to pump and dump!

[CashBowski]

You’re very welcome. I try to keep up with it as much as possible and post the updates on the associated boards.

[spotonge]

Yes but his time is running out.Thanks for your dd on the case.

[Landsnack]

Par value?

[Landsnack]

Yes. Diamond is POTN. Beware.

[Here Today]

It’s tied to individuals who were involved in the company(s). Diamond CBD is actually still selling products, but there was massive fraud with the stock happening which also happened to involve other companies stock shares as well it seems.

[surf1944]

Is all the negative news tied to the holding? Is Diamond CBD a part of the fraud issue?

[Here Today]

Yes

[surf1944]

This is the holding company for Diamond CBD products?