One stock that just came roaring off its recent lows is PotNetwork Holdings Inc (OTCMKTS:POTN). Shares of the stock ripped nearly 36% higher on Thursday to close in on a key test of the $0.15 level and a possible rendezvous with the 50-day simple moving average. To add color to the narrative, the company just announced that it celebrated another successful year of sales by giving back to those in need in the surrounding communities.
According to the release, “Partnering with the local United States Marine Corps Toys for Tots program in Hialeah, Florida, the company donated hundreds of new, unwrapped toys to help local children enjoy a wonderful holiday season. The program, which is located at 18650 NW 62nd Ave, Hialeah, FL, 33015, and is a combined partnership between the U.S. Marines and volunteers of the 4th Civil Affairs Group gives the children of Miami-Dade and Broward Counties something special to look forward to each year.”
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 just announced that it celebrated another successful year of sales by giving back to those in need in the surrounding communities.
Traders will note 49% added to share values of the stock over the past week of action. In addition, the company has seen interest climb, with an increase in recent trading volume of a bit over 110% beyond what we have been seeing over the larger time frame.
“We are incredibly pleased to be a part of this cause,” said Kevin Hagen, CEO of Diamond CBD’s parent company, PotNetwork Holdings, Inc. “Giving back to the community is a central part of Diamond CBD’s mission, and to be able to help in any way that we can is what the holiday season should be about. We are donating hundreds of toys and children’s games for Toys for Tots and we hope to have as many people as possible join in to help out.”
Now commanding a market cap of $76.39M, POTN has a bankroll ($248K) of cash on the books, which is balanced by about $193K in total current liabilities. POTN is pulling in trailing 12-month revenues of $22.9M. In addition, the company is seeing major top-line growth, with y/y quarterly revenues growing at 33.3%. 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.