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Why PotNetwork Holdings Inc (OTCMKTS:POTN) Should be on the Radar

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It’s not hard to characterize PotNetwork Holdings Inc (OTCMKTS:POTN) as “a recent top performer that has pulled back and is now deep into a potentially healthy consolidation, but still in the broad confines of a bullish long-term pattern in a hot market space and starting to possibly catch some renewed upside momentum”. So, the stock is probably at least worth a serious look and a little due diligence. Current balance sheet numbers appear to be in shape and the topline is growing at well over 200%, pushed by CBD product sales data from its Diamond subsidiary.

To push that story, the company just announced today that its wholly owned subsidiary, Diamond CBD, Inc., successfully displayed the Company’s full product line including its newest products at the 56th ASD Market Week trade show at the Las Vegas Convention Center, July 29-August 1st, gaining over 400 new orders in the 3 days of the show. According to the release, “Historically, trade shows, such as the ASD Market Week shows, have been highly successful events for Diamond CBD generating both valuable publicity and record sales.”

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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Recent action has seen 13% piled on for shareholders of the company during the trailing week, a bounce that has taken root amid largely bearish action over the larger time frame. What’s more, the company has benefitted from a jump in recent trading volume to the tune of 10% over what the stock has registered over the longer term.

According to the release, the “ASD Market Week is held twice per year in Las Vegas and has been called the wholesale buying event that can’t be missed for any small to large sized retail, distribution, or importing business. ASD Market Week is a highly comprehensive B2B trade show that brings the world’s widest variety of retail merchandise together in one efficient trade show shopping experience. The show is attended each year by 45,000 buyers from over 90 countries. Of those attendees, 98% have major purchasing power such that the average buyer spends $82,500 per show, equating to $2.8 billion annually across hundreds of product categories. 88% of these buyers are domestic and 12% international.”

Now commanding a market cap of $112.3M, POTN has a bankroll ($209K) of cash on the books, which is balanced by virtually no total current liabilities. POTN is pulling in trailing 12-month revenues of $18.9M. In addition, the company is seeing major top-line growth, with y/y quarterly revenues growing at 238.1%. We will update the story again soon as developments transpire. 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.

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