FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--PotNetwork Holdings, Inc. (OTC:POTN) issued a statement today that its Registration Statement on Form 10 filed with the U.S. Securities and Exchange Commission (SEC) on May 9, 2019, to register its common stock under the Securities Exchange Act of 1934 becomes effective today, Tuesday, July 9, 2019. As a result, the Company is now subject to the periodic reporting requirements of the Securities Exchange Act of 1934, requiring the filing of annual, quarterly and current report filings in accordance with all federal law and regulation.
The Company’s filing, as amended on July 5, 2019, included audited financial statements for the years ended December 31, 2018, and December 2017 and unaudited financial statements for the first quarter of 2019.
“This step represents a formal commitment to shareholder transparency while at the same time helping to facilitate the upscaling of the Company,” said Kevin Hagen, CEO of PotNetwork Holdings, Inc. “By voluntarily becoming a fully reporting SEC company, we believe that we are increasing shareholder value and significantly increasing the options of the Company for expanded long term growth.”
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.