Date: April 26, 2018
PotNetwork Holdings, Inc. Posts Record First Quarter Revenues of $6.3 Million
Symbol: POTN
PotNetwork Holdings, Inc. Posts Record First Quarter Revenues of $6.3 Million
Strong and Steady Momentum Bolsters Sales Performance 283% Over First Quarter of 2017
Ft Lauderdale, FL -- April 26, 2018 -- InvestorsHub NewsWire -- PotNetwork Holdings, Inc. (OTC Pink: POTN) On Thursday the 26th of April in 2018, PotNetwork Holdings, Inc. announced record breaking Q1 revenues totaling $6.3 Million. Compared with $1,858,347 in revenues for Q1 2017, this year’s performance represents an almost three times increase over the same period last year.
The Company’s growth is being driven by the results of its wholly-owned subsidiary, Diamond CBD, Inc. Diamond CBD distributes premium quality products, and has established a successful, continually broadening distribution footprint.
Diamond CBD’s products are distributed through 10,000 retail locations, and in Q1 of 2018, 25% of PotNetwork Holdings, Inc.’s overall sales revenue came from Diamond CBD’s ecommerce sales performance.
Diamond CBD is focused on researching and developing new innovative health and wellness solutions which are being broadly marketed into new Industry segments, establishing a spectrum of diverse new users.
Diamond CBD, Inc.’s products are legal in all 50 U.S. states and continue to gain high profile endorsements from those in the medical community, Hollywood and professional sports leagues.
About Diamond CBD Inc.: Diamond CBD focuses on the research, development, and multinational 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 Holdings, Inc: PotNetwork Holdings, 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 Inc.
About PotNetwork Inc.: PotNetwork Inc., a wholly owned subsidiary of the Company brings to market PotNetwork.com, a counter-culture, cutting-edge digital magazine, publishing up-to-date news and articles on the cannabis industry. PotNetwork.com operates as a media resource providing a full range of industry related topics.
