POTNETWORK HLDGS I COM USD0.0001(POST REV SPLI (OTCMKTS:POTN) is trending upward over the last five days after its subsidiary achieved record sales in a 3-day flash. The volume is spiking and the pattern could indicate the stock is returning to its value from two months ago.
POTN 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 Sunrise Auto Mall 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.
POTNETWORK HLDGS I COM USD0.0001(POST REV SPLI (OTCMKTS:POTN) reported recently that after the acquisition of Diamond CBD, Inc. POTN surpassed initial quarterly projections of $1.7 million in gross revenues. Management has surpassed expectations by over $100,000, for a total of $1,858,347.48. Revenue for these transitioning companies is a key to the stock movement as most of the companies are pre-revenue.
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Diamond CBD is clearly the strongest part of POTN’s team. Diamond CBD’s consists of hemp industry pioneers and natural product experts, chemists, 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 and E-Liquids found anywhere. As stated above, Diamond CBD had record sales recently selling $235,000 in three days time. However, There has been exponential growth for the firm as the company recorded more than $1 million in sales last month.
“We are ecstatic with our results. We have learned to set our expectations high. As a result of the timing of CBD’s growing popularity and the quality of our products, our products are consistently met with reseller and consumer enthusiasm resulting in continuous escalating sales,” said Maria Gomez, Diamond CBD’s regional VP of sales. “We are very happy with the final numbers. All quarter we have put significant effort into building a strong sales momentum. Evidently, between our efforts and the apparent consumer acknowledgement of our product quality, demand is advancing even more rapidly than we had originally anticipated.”
Furthermore, Diamond CBD’s Chill Gummies were also featured by Smoke and Vape Business Solutions in April and B2B Wholesaler Magazine in January. B2B Wholesaler’s informative overview noted that, “The steady growth and sudden explosion of Diamond CBD products is no surprise. The company continues to create innovative products that consumers love and industry retailers cannot keep on the shelf.”
Lastly, Diamond CBD recently announced that management had a merchandising pipeline of 7,000 authorized retail vendors through its distribution channels. This puts Diamond CBD products now accessible at approximately 10,000 stores in the United States.
POTN also owns Sunrise Auto Mall, Inc., which launched in June 2014, and enables people with bad or no credit to secure quality transportation while simultaneously rebuilding their credit. The company has developed a highly profitable business model around the continually rising subprime lending industry.
POTNETWORK HLDGS I COM USD0.0001(POST REV SPLI (OTCMKTS:POTN) is a company to watch because of the sector’s popularity, but also because of the rising revenues of Diamond CBD. Diamond clearly adds value and customers are starting to flock to the company’s name. Current market capitalization for PotNetwork Holdings, Inc is currently $3.24 million, on 94.33 million shares outstanding as of May 26, 2017. The company may be considered a bargain for some and certainly should be watched by investors as the cannabis industry expands, since POTN already has strong presence. For more news on PotNetwork Holdings and other fast-moving penny stocks, please subscribe to OracleDispatch.com below.
