FT. LAUDERDALE, Fla.--(BUSINESS WIRE)--PotNetwork Holdings, Inc. announced today that it has filed a Form 10 Registration Statement with the U.S. Securities and Exchange Commission (SEC) to register its common stock under the Securities Exchange Act of 1934. The filing includes audited financial statements for the years ended December 31, 2018 and December 2017. The audit of the financial statements was completed by Yusufali & Associates, a PCAOB member firm.
The Company’s voluntary filing of the Form 10 will make it subject to the periodic reporting requirements of the Securities Exchange Act of 1934, which requires the filing of annual, quarterly and current report filings. Additionally, the filing will enable the Company’s management to move forward with its application to OTC Markets in order to uplist to the OTCQB market tier.
“By filing Form 10, we are following through on our announcement and signaling to investors that we plan to focus on our efforts to become more transparent in our day-to-day operations and reporting,” said Kevin Hagen, CEO of PotNetwork Holdings, Inc. “We believe our company’s results speak for themselves and, by becoming an SEC reporting company, we demonstrate our continued commitment to transparency and communication.”
This announcement follows the Company’s comprehensive update issued on May 2nd and forms an integral part of its ongoing effort to improve investor transparency and communication. POTN has further announced that it will be releasing a quarterly update summing up the its operational progress and achievements.
About PotNetwork Holdings, Inc.: PotNetwork Holdings, Inc. (POTN) is a publicly traded company that acts as a holding company for its principal subsidiaries, First Capital Venture Co., the owner of Diamond CBD, Inc., the maker of Diamond CBD products, and PotNetwork Media Group, Inc., the publisher of PotNetwork News and PotNetwork Magazine. For more information, please visit, www.potnetworkholding.com.
Safe Harbor: 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.