Geometry Dash APK Hill Climb Racing APK
39.2 F
New York
Monday, January 17, 2022

Gauging the Relative Value Argument for PotNetwork Holdings Inc (OTCMKTS:POTN)

Must read

Medmen Enterprises Inc (OTCMKTS:MMNFF) Pulls Back From Highs as Buzz Cools Off

Among the sectors which have bounced back in 2021, the cannabis sector is one of considerable interest since it had been in...

VirtualArmour International Inc (OTCMKTS:VTLR) Jumps Another 250% This Week

Not every move in the stock market can always be explained and hence, investors are often rightly confused when a stock records...

Ozop Energy Solutions Inc (OZSC) is Riding a Green Wave of Momentum

Investors who are looking for fresh opportunities in rising stocks may have a lot to choose from at this point but it...

Drone Delivery Canada Corp (OTCMKTS:TAKOF) is Soaring after Roadmap Update

The drone industry has grown at a remarkable rate over the past five years or so and hence, it is no surprise...

The recent dip in many of the stocks even loosely related to the cannabis space has been notable and has even touched some of the CBD plays, such as our focus here in PotNetwork Holdings Inc (OTCMKTS:POTN). This stock had been riding high once again in May but has settled back to test key support in the $0.20-0.25/share, where we see some important longer-term support. At the same time, the company just reported more strong data in terms of monthly sales numbers.

To wit: The company just announced that its subsidiary, Diamond CBD, Inc., achieved revenues of over $2 Million, continuing its trend of reaching record new heights, a gain of over 80% when compared year over year. According to the release, “Diamond CBD’s consistent trend of breaking sales records is the result of its continued expansion of innovative product lines, and results-oriented market diversification and sales strategies that continue to broaden its distribution footprint and consumer brand preference for its products.”

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.

The chart shows about -10% stripped out of shares for shareholders of the name during the trailing week. Moreover, the listing has registered increased average transaction volume recently, with the past month seeing 54% beyond what we have been seeing over the larger time frame.

As noted in the release, “In addition to the Company’s ongoing establishment of a marketing “wall” to protect and build its market share, the Company recently announced the engagement of two national law firms to handle intellectual property and regulatory guidance on FDA submissions and related matters. These engagements will allow the Company to explore and initiate the registration of trademarks and patents, and to evaluate the feasibility of FDA approval and registration for certain of its products, thereby solidifying existing and forthcoming market positions for current and future product introductions.”

At this time, carrying a capital value in the market of $107.3M, 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. As more color becomes clear on the name, we will review the situation and update our take. 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.

Latest article

iQSTEL Inc (OTCMKTS:IQST) Stock Makes a Big Move: Jumps 45% In a Week

In the past week, iQSTEL Inc (OTCMKTS: IQST) has emerged as a point of focus among a large number of investors and...

HUMBL Inc (OTCMKTS:HMBL) Stock Sees Big Bounce After Recent Slump

Since the beginning of 2021, HUMBL Inc (OTCMKTS:HMBL) had been one of the major movers from among penny stocks and had come into...

Dividend Stocks to Buy Now

A classic mistake that investors make when looking for dividend stocks is to just go for the biggest dividend yield. It makes...

88 Energy Ltd (OTCMKTS:EEENF) Stock Surges 40% But Can’t Hold Gains

The oil and gas company 88 Energy Ltd (OTCMKTS:EEENF) seems to have come back on to the radars of investors over the...

Net Savings Link Inc (OTCMKTS:NSAV) Stock is Getting Pummeled Again

Nowadays there are plenty of options for investors when it comes to making investments in the cryptocurrency and...
Şehirler arası nakliyat ve Şehirler arası taşımacılık konusunda en uygun fiyatlar ve en kaliteli hizmet.
ofis taşıma firmaları ve ofis taşıma konusunda en uygun fiyatlar ve en kaliteli hizmet.
SmsVerifyer.com Affordable best sms verification service