FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--PotNetwork Holding, Inc. (OTC Pink: POTN) is delighted to announce that its wholly owned subsidiary, Diamond CBD, Inc., has delivered yet another impressive month of financial and industry growth. For the month of August 2017, Diamond CBD achieved record breaking revenues of $1,764,880.00, which exceeded July revenues by 20.9%.
As a result of delays caused by Hurricane Irma, management pivoted to prioritize efforts to the re-establishment of speedy and seamless fulfillment, causing a delay in the public announcement of August’s revenues. Recovery is practically complete, and announcements will be forthcoming on a timely basis moving forward, as usual.
“As the summer comes to a close, we continue to be very happy with our growth on every level. In consideration of our recent trend of monthly record breaking growth, we prepare for a whole new level of corporate growth. Moving into the fall, our expectations include a strengthening position in the medical sector of the industry and advancement in the financial market based on consistent growth and heightened transparency,” stated Maria Gomez, Regional Vice President of Sales for Diamond CBD, Inc.
PotNetwork recently announced that the Company had retained the auditing services of East West Accounting Services, LLC, a Public Company Accounting Oversight Board (PCAOB) registered CPA firm, to provide a methodical review and analysis for the audited verification of the Company’s recent monthly reported revenues.
Second quarter and year-to-date operating results confirm PotNetwork Holding’s revenues maintain strong growth with performance continuing to exceed fiscal 2017 forecasts. With reported revenues of $5,077,625 for the first 6 months of fiscal 2017, and a net profit of $369,237, the Company concluded the first half of 2017 with a positive net cash flow of $395,009. Based on earlier reported financial statements with OTCMarkets, the Company continues on track to exceed its projections established for 2017. As developments evolve, the Company will be prompt with pertinent updates.
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, doctors 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, tinctures, edibles, and vape 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.
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