SeeThruEquity Heightens Share Price Target to $1.25 on PotNetwork Holding in Updated Research Report
PotNetwork Holding, Inc. to be up-listed to the OTCQB, where the Company will have greater visibility before a larger group of qualified investors. This is the Company's next milestone in its long-term strategy of achieving a NASDAQ Capital Market listing.
Focused on multiple, rapidly growing verticals within the global cannabis industry
The cannabis industry is expected to reach US$31.4 billion by 2021, according to research. Currently, the biggest player in this fast-growing market is the US as it commands 90 percent of the global cannabis sales.
PotNetwork Holding Inc. (POTN) is a publicly traded company that acts as a holding company for its subsidiaries. First Capital Venture Co., a subsidiary of POTN and its primary operating entity, owns Diamond CBD, Inc., a producer of widely distributed cannabidiol (CBD) hemp extracts.
PotNetwork Holding controls over 15 noted CBD brands that are marketed through thousands of retail stores across the United States. Branded products include CBD oils, edible gummies, vape pens, vape additives, pet products and more.
|Dr. Richard Goulding ||CEO |
|Kevin L Hagen ||President |
POTNETWORK HOLDING CELEBRATES SOLID YEAR OF RECORD BREAKING SUCCESS
January 05 2018 -- PotNetwork Holding, Inc. (OTC Pink: POTN) shares the Company's outlook on this exciting past year, as 2017 comes to a close, setting a precedence of dramatically surpassing expectations.
Since acquiring industry innovator First Capital Venture Co. and Diamond CBD, Management has established a solid infrastructure for success. In 2017 the Company has:
Strengthened the Company’s value, resulting in share appreciation from .01 in January to .10 in December
Created a buzz at numerous conferences and trade shows nationwide, increasing sales and networking dramatically.
Completed the acquisition of PotNetwork.com rights
Received dramatically favorable coverage by SeeThruEquity yielding an Initiation Report recalculating predicted target price from .25 to .40 cents per share
Engaged PCAOB Registered CPA Firm to Initiate Audit on PotNetwork Holding, Inc.’s Revenues in anticipation of becoming a fully reporting company and escalating the company’s status.
Brought on a Distinguished Florida Physician as Chief Executive Officer
Established an Advisory Board with notable physicians with CBD experience in the medical field, and two FDA seasoned scientists to aid in research and development of new products.
Launched Diamond CBD Exclusive “LT Master Pain” CBD Line with NFL Legendary, Lawrence Taylor Launched a CBD Product Line with Tommy Chong under the Brand Name, “Chong’s Choice CBD”
Retired 300,000,000 common shares held by principal shareholders, representing a reduction of over half the issued and outstanding common shares
Bolstered revenues exponentially from $1.6 Million for the entire 4 quarters of 2016, to $1.6 Million in both October and Novemberrespectively. Final numbers are yet to be announced, but having set the Company’s initial projection to exceed $8.4 Million, totals reveal sales were well over 50% greater than anticipated.
“To say that we are pleased with this past year’s achievements, is an understatement. Sales were wildly beyond expectations, proving the market knows good and needed products, and it’s responding. We are now harnessing the momentum with a host of new products that we will be testing and offering, embracing the unique and as yet undiscovered effects of CBD,” stated Richard Goulding, Chief Executive Officer, PotNetwork Holding Inc.
PotNetwork Holding’s momentum has pushed it to rank among the industry leading CBD companies, recognized by prominent news sources nationwide, such as the Huffington Post, where the Company was Acclaimed as One of Five Notable CBD Revolution Industry Leaders.
DIAMOND CBD, INC.
Diamond CBD is dedicated to the research, development and multinational distribution of premium hemp extracts containing a wide range of cannabinoids and natural hemp derivatives. A growing industry leader, the company offers products in all 50 states, encompassing more than 10,000 retailers nationwide, and also offers products through a growing international network. Since Diamond CBD's products are produced using federally legal CBD, they can be sold uninhibited in all 50 states.
Diamond CBD's top-quality products include:
Diamond CBD Gummies: Diamond CBD-branded edible gummies are made from crystal isolate. They are available in a variety of flavors and gummy styles, including rainbow bites, mini fruit, gummy worms, sour snakes and more.
Chill Gummies: Chill gummies are more robust than their counterpart, the "Relax" gummy line. Chill Gummies are edible CBD gummies available in a wide variety of flavors, strengths and styles including gummy bears, sour snakes, rainbow bites, watermelon slices, sour snakes, peanut butter chocolate, ocean gummies, gummy worms, gummy rings and more.
CBD Liquid Gold: CBD Liquid Gold is derived from naturally grown industrial hemp plants, certified by USA labs and then carefully mixed with a patent-pending (non-PG), all-natural base formulation.
Blue CBD: Blue CBD Crystal Isolate is a high-end vapor liquid and oral drop infused with premium CBD-rich hemp oil. CBD liquids are Premium Gold quality and test at a 7X higher concentration.
Relax Gummies: Relax Gummies give a lighter effect of CBD with some natural flavors in comparison to their counterpart Chill Gummies. Relax Gummies are perfect for anyone with a sweet tooth who is looking for a lighter effect without sacrificing quality or taste.
Premium Hemp Liquid Pet: CBD For Pets is a new and refreshing product from Diamond CBD for all the millions of pets out there. It is an organic product and also has unique flavors in it.
CBD Re-Leaf: Disposable, long-lasting and ready-to-use CBD Re-leaf vaping pens are available in a variety of flavors. Easily take CBD anywhere on the go.
Relax Extreme CBD: Relax Extreme CBD Oil provides a high-quality, high-strength dose of CBD through oral drops. It is very easy to use and works instantly. Simply place a drop under the tongue. Available in various strengths.
CBD Double Shot: CBD Double Shots are specifically designed for one-time use. Easily squeeze the package in your mouth and swallow; it's that simple. Take it anywhere you go. Relaxation is now conveniently in your pocket. Drinkable CBD shots provide a quick boost of relaxation on the go. Available in various flavors.
Chill Pill: CBD-infused capsules available in various strengths. Relax, take a Chill Pill.
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.
• Company sidesteps federal legal issues by focusing on federally legal cannabidiol (CBD) and sourcing hemp grown outside the U.S.
• Company targets burgeoning cannabis market, in which CBD alone is anticipated to surpass $2 billion by 2020
• Product distribution in all 50 states and increasing internationally
In the United States, more than 1.2 million people use cannabis to address various medical problems, ranging from depression to cancer and epilepsy. Despite legalization in various states, cannabis use is currently illegal at the federal level. However, the products offered through PotNetwork Holding's subsidiaries are made from hemp sourced outside the U.S., and the resulting CBD-rich oils are 100 percent legal to sell in the United States.
The CBD market has been projected to reach between $2.1 billion to $3 billion in consumer sales by 2020—an increase of 700 percent or more from 2016. Additionally, many traditional marijuana users report a willingness to try CBD.
As of September 2017, 29 states and the District of Columbia have laws in place that broadly legalize marijuana in some form. The most expansive laws regarding recreational marijuana use have been adopted in seven states and the District of Columbia. Final rulings are additionally pending in other states for recently passed medical marijuana laws.
In Canada, medical marijuana has been legal since 2001, and Canada's government is currently moving toward nationwide recreational cannabis legalization. Canada's proposed Cannabis Act could go into effect by July 2018, making recreational marijuana use federally legal.
Globally, the medical marijuana market has been projected to reach a value of up to USD $55.8 billion by 2025. In the United States, it has been predicted that marijuana market sales could surpass $24 billion by 2025.
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