POTNETWORK HLDGS I COM USD0.0001 (POST REV SPLI (OTCMKTS:POTN) is battling back from a cold open, but POTN is on our watchlist after 5-day gains over 30%. This stock started 2017 worth less than a penny and now sits above 10 cents.
We expect cannabis plays to see added revenue boosts based on the cascade of interest after California goes legal. Some analysts have predicted this stock could go to a quarter as the legal market expands creating a greater demand for POTN’s products.
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 message 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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Based on POTN’s last press release, the company is also expecting a big year on the horizon. The company did $1.6M in revenues in November.
“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.
The Company announced last week that they had been recently featured in a Huffington Post article highlighting the emergence of the CBD industry. In its coverage of POTN specifically, it summarized the Company’s dedication to research, development, and multi-national distribution of premium hemp extracts. The article also shed light on the Company’s reach, highlighting the established control of more than 15 CBD recognizable brands marketed at thousands of retail stores around the country through its subsidiary, thus strengthening distribution for its signature edible gummies, vape pens, vape additives, pet products, and more, available in 100’s of flavors and sizes.
Now holding a market cap of $8.67M, POTN has got some solid revenues under its belt and another strong year could be on the horizon. 2017 has been a strong year for POTN and there could be more lift in their sails even with a bevy of competition. 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.