One company that has shown a consistent tendency toward interesting marketing strategies is PotNetwork Holdings Inc (OTCMKTS:POTN). The company has done a number of creative tactics over the last year to drum up excitement for its CBD products. And that attitude has paid off in spades, with shares rising over 600% in the past 6 months.
As a case in point, the company just announced that its wholly-owned subsidiary, Diamond CBD, Inc., in conjunction with its joint-venture cause-related marketing partner, Exponential, Inc. (XPO2), will be sponsoring The Bully Rehab Awareness Gym (BRAG), based in Yuma, Arizona, as well as up-and-coming Mixed Martial Arts (MMA) fighter, Tyler Yogi Hinton, protege of the gym’s founder, Carlos Flores.
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.”
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As noted above, POTN shares continue to push higher in recent days, breaking above its 50-day simple moving average as the company finds new and interesting ways to build the public recognition of its brand.
According to its latest release, “Diamond CBD, Inc. is proud to provide financial support, as well as product sponsorship to the Bully Rehab Awareness Gym, Carlos Flores, and Tyler Yogi Hinton. Management strongly believes that its support of the fastest growing sport on the planet, key anti-bullying programs and choice MMA athletes is a strategy that will pay long-term dividends.”
The chart shows 21% tacked on to share pricing for the name in the past week. Moreover, the listing has seen interest climb, with an increase in recent trading volume of 30% above its longer-run average levels.
Currently trading at a market capitalization of $201.4M, POTN has about $258k in cash on the books, which must be weighed relative to about $282k in total current liabilities. The company has pulled in about $14.5M in TTM revenues. The company is also seeing major top-line sales growth, with revenues jumping over 1,300% on an annual basis as of its latest filed data. 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.