POTNETWORK HLDGS I COM USD0.0001 (POST REV SPLI (OTCMKTS:POTN) is a penny player loosely in the cannabis patch that was a huge performer in May and early June, but has been chopping sideways in recent action. POTN just announced that it has entered into a Joint Venture with Lawrence Taylor for the development and launch of the “LT Master Pain” Premium Line of CBD oils, a premium quality selection of products, designed to bring athletes and consumers a beneficial supplement to aid in pain relief, neurological support, and overall well-being.
“I am a firm believer in the vast range of beneficial attributes that CBD delivers for joint pain and headaches. Since I have incorporated CBD to my daily supplements, even I have been taken aback by the positive impact it has had on my overall quality of life. Upon thorough research, I have selected Diamond CBD to brand this new line because genuine potency is key for maximum effectiveness. I look forward to how this line will help pain sufferers everywhere,” stated Lawrence Taylor, former NFL NY Giants Hall of Fame linebacker.
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.”
The company’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.
The company 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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As discussed above, POTN shares have been in a sideways chop over the past three weeks after rising at a truly breakneck pace. The company has been searching for a new catalyst, and may have found it in their Joint Venture with Lawrence Taylor for the development and launch of the “LT Master Pain” Premium Line of CBD oils.
According to the release, “Lawrence Taylor is among numerous NFL players that are believed to be experiencing debilitating headaches, one of the long-term effects of chronic traumatic encephalopathy (CTE). In addition to studies that show CBD’s effects on bodily pain management, it has been discovered that active compounds in cannabis, psychoactive tetrahydrocannabinol (THC) and non-psychoactive cannabidiol (CBD) engage the endocannabinoid system, providing them therapeutic effects. The endocannabinoid system (ECS) also plays a key role in managing memory, mood, cognition, and risk and reward. The ECS is the largest neurotransmitter system in the body. Studies on the beneficial attributes of CBD for CTE continue since the effects appear to impact the same regions of the brain. Degenerative CTE can lead to memory loss, confusion, impaired judgment, impulse control problems, aggression, depression and, eventually, progressive dementia.”
The chart shows -5% leaked out of shares of the name during the trailing week. The situation may be worth watching. POTN has a track record that includes a number of dramatic bounces. Moreover, the name has seen an influx in interest of late, with the stock’s recent average trading volume running 49% above its longer run average levels.
Currently trading at a market capitalization of $5M, POTN has about $133K in reported cash on the books, which is balanced by about $231K in total current liabilities. The company just started booking sales with an explosive print in March of nearly $2M on the top line. The stock is correcting its recent advance after tapping the dime level. You can bet we will update this one again as new information comes into view. For continuing coverage on shares of $POTN stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!
Disclosure: we hold no position in $POTN, either long or short, and we have not been compensated for this article.