PotNetwork Holdings Inc (OTCMKTS:POTN) continues to outperform a red-hot space. As we see it, this is because of the company’s Diamond CBD subsidiary. The CBD oil product space is projected to outperform the rest of the cannabis patch, and leaders in this domain will likely continue to trade at a premium. Shares of POTN have risen as much as 375% over the past week in an explosive launch up the chart.
To put a cherry on the sundae of this rally, the company just put out an outlook on the past year. According to company materials, “setting a precedence of dramatically surpassing expectations. Since acquiring industry innovator First Capital Venture Co. and Diamond CBD, Management has established a solid infrastructure for success.” The most dramatic accomplishment on the list is: “Bolstered revenues exponentially from $1.6 Million for the entire 4 quarters of 2016, to $1.6 Million in both October and November respectively. Final numbers are yet to be announced, but having set the Company’s initial projection to exceed $8.4 Million, totals reveal sales were well over 50% greater than anticipated.”
PotNetwork Holdings Inc (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.”
Find out when $POTN stock reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.
As noted above, the stock has been on fire, running out in front of a red-hot market segment given its pointed exposure to the CBD oil product market segment. The company just put out a press release highlighting its powerful growth trend to further bolster investor enthusiasm. And it’s hard to argue with the facts in its favor at the moment.
“To say that we are pleased with this past year’s achievements is an understatement. Sales were wildly beyond expectations, proving the market knows good and needed products, and it’s responding. We are now harnessing the momentum with a host of new products that we will be testing and offering, embracing the unique and as yet undiscovered effects of CBD,” stated Richard Goulding, Chief Executive Officer, PotNetwork Holding, Inc.
Traders will note above 300% added to share values of the stock over the past month of action. The situation may be worth watching. POTN has a track record that includes a number of dramatic bounces. Furthermore, the name has benefitted from a jump in recent trading volume to the tune of just under 390% above the average volume levels in play in this stock over the longer term.
At this time, carrying a capital value in the market of $67.5M, POTN has about $576k in cash on the books as of its latest reporting documentation, which compares favorably with about $30k in total current liabilities. The company pulled in about $4.4M in sales for the quarter ended September 30, 2017. You can bet we will update this one again as new information comes into view. 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.