SHARE BUYBACK PROGRAM LAUNCH COMING "He concluded; "In this market, there are no quick fixes. PotNetwork has a bright future. Expected to be coming on line over the next few weeks with a platform and culture that will attract advertisers from all corners of the Marijuana business, we believe the possibilities here are endless. We are currently in talks with others regarding strategic partnerships including potential roll up strategies. Finally, I'd also like to shed light on the fact that the entire company's management team is focused on the big picture. Our business plan involves forward looking commitment. Our team does not have the ability or desire to sell any shares at this time. We are committed collectively to keeping our eyes on the long-term growth and profitability of our business rather than the instantaneous gratification of small immediate returns. Moreover, we have been in discussions with our legal team regarding a possible share buyback program of the company's stock. At the present share price we feel we should consider this option very seriously."
The Company recently announced that the dealership has generated quarterly record gross sales of $1,458,567, yielding the Company $181,157 in net profit.
The Company's other subsidiary, PotNetwork Inc. was represented at Denver's High Times Cannabis Cup, which took place in April, in Denver Colorado. Very pleased with the results of that experience, Management reports that beneficial connections were made and relationships established that are expected to contribute to the successful recent launch of PotNetwork.com and enhance their viewing audience."
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