FT. LAUDERDALE, Fla.--(BUSINESS WIRE)--PotNetwork Holding, Inc. (OTC Pink: POTN) is pleased to announce today that its wholly owned subsidiary, Diamond CBD, Inc., reported quarterly sales of $3,219,277 surpassing its first quarter’s revenues of $1,858,347, by a considerable 73%, also representing an increase of 1,495% over 2016’s second quarter’s revenues of $201,885.
With Management’s determined resolve to solidify the Company’s incumbent position in the industry, market leading tradeshow and event participation have become foundational to the Company’s development strategy. Upon each event, Diamond CBD has grown before a revolving audience of brand-new prospects, adding substantially to the existing consumer base generating a sizable boost event after event.
With the extent of publicity that Diamond CBD has been getting on a public level, along with the rate of consumer satisfaction and popularity, notable and distinguished sources have begun to take note, with PotNetwork being reviewed unsolicited, alongside other industry leaders by the likes of Forbes magazine online.
“We are focused on building a robust impact very early in the industry. In the cannabis market, timing is so important. As the political landscape continues to evolve, and Cannabis continues to deliver positive results, the room for growth is substantial. The firmer foundation we can establish right now, the more exponential the long-term results are expected to be. Our long-term vision is expansive,” stated Maria Gomez, Regional Vice President of Sales of Diamond CBD, Inc.
The trend of record breaking quarters continues with strong momentum. Diamond CBD has reported that the past six months of trade show, expo, and convention attendance, demonstrating Management’s determined commitment to achieve strong results, had yielded product demand requiring significant expansion of its manufacturing operations, which the Company is managing successfully.
About Diamond CBD Inc.: Diamond CBD focuses on the research, development, and multi-national marketing of premium hemp extracts that contain a broad range of cannabinoids and natural hemp derivatives. Diamond CBD’s team consists of hemp industry pioneers and natural product experts, chemists, and scientists, dedicated to producing the finest and purest cannabidiol (CBD) oils. The result is a robust selection considered among the most powerful natural CBD oils and E-Liquids found anywhere. For more information, please visit its website at www.DiamondCBD.com.
About PotNetwork Holding, Inc: PotNetwork Holding, Inc. (OTC Pink: POTN) is a publicly traded company that acts as a holding company for its subsidiaries, First Capital Venture Co., the owner of Diamond CBD, Inc., the maker of Diamond CBD oils.
Safe Harbor Act: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter forward-looking statements, whether as a result of new information, future events or otherwise.