POTNETWORK HLDGS I COM USD0.0001 (POST REV SPLI (OTCMKTS:POTN) is seeing some nice action recently and it might be time to get in before it launches upward again. The company’s subsidiary, Diamond CBD, who is the purveyor of a premium CBD oil, is back to full speed after the recent hurricane. POTN announced in late August that for the month of July 2017, monthly sales at Diamond CBD hit to a new record high. The business generated July 2017 revenue of $1.5 million, implying an increase of more than 30% over the prior month.
With record-breaking revenues at Diamond, POTN is estimated to surpass 2017 revenue projections. For the first six months of 2017 (first half 2017), POTN’s revenues rose to $5.1 million and net profit increased to $369,237. “We are very pleased with how the numbers have continued to gain over the summer. We are consistently setting new sales records month after month and are excited to be able to report this type of continuing growth. We have taken our marketing efforts seriously. A commitment that is surely being revealed in the ongoing sales numbers,” stated Maria Gomez, Regional Vice President of Sales for Diamond CBD, Inc.
POTNETWORK HLDGS I COM USD0.0001 (POST REV SPLI (OTCMKTS:POTN) has two wholly owned subsidiaries, First Capital Venture, the makers of Diamond CBD OILS and Sunrise Auto Mall Inc..
Diamond CBD is focused on the advanced research and development of “the industry’s finest premium hemp extracts” and making them available to the global marketplace. The Company’s “notable team”, consisting of hemp industry pioneers and natural product experts, chemists, and scientists, is dedicated to producing “the finest and purest Cannabidiol (CBD) oil.”
POTN’s messaging continues: “Setting the Company ahead of its competitors, First Capital Ventures Inc and Diamond CBD Inc. deliver advanced product quality to market through the team’s creation of diverse and top quality hemp extracts that contain a broad profile of cannabinoids and other natural hemp derived molecules.
The result is a robust selection of Diamond CBD Oils, made from Industrial Hemp, which enhances the formula to be considered among the most powerful natural CBD E-Liquids on the market. Sunrise Auto Mall, Inc., launched in June of 2014, as an operation geared toward enabling people challenged with bad or no credit in securing quality transportation while simultaneously rebuilding the client’s credit.
POTN has developed a highly profitable business model around the continually rising subprime lending industry. Potnetwork Holdings Inc. acting as the holding company for the present subsidiary is planning to continue to expand from within as well as through future acquisitions.”
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Now commanding a market cap of $4.93M, POTN has got some strong revenues under its belt and the chart above looks pretty good for the year. The growth in sales was well noted. Furthermore, the company was one of the official sponsors of the Mayweather-McGregor Event, which took place on August 26. POTN and its Diamond CBD subsidiary sponsored a couple of contenders in the event, resulting on a huge branding impact for the company and its operations. That said, we should reiterate that this is a pink sheet name reporting only completely unaudited financial data. We will update the story again soon as developments transpire. Sign-up for continuing coverage on shares of $POTN stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: We hold no position in $POTN, either long or short, and we have not been compensated for this article.