Grab POTNETWORK HLDGS I COM USD0.0001(POST REV SPLI (OTCMKTS:POTN) On The Dip

POTNETWORK HLDGS I COM USD0.0001(POST REV SPLI (OTCMKTS:POTN) continues to move upward, a trend that we believe will continue, albeit marked by periods of profit-taking that will result in some brief pullback.In today’s review, we bring out the strengths in POTN so you can see that the ongoing uptrend in the stock is just the beginning of great things to come.But before we get into the details, take a look at POTN’s share price action. POTN Daily ChartBusinessFor our readers who are coming across POTN for the first time, a little background on the company will suffice. POTN is a holding company of a number of subsidiaries in a various sectors. The subsidiaries include First Capital Venture Co., which operates Diamond CBD business, and Sunrise Auto Mall, Inc.Diamond CBD, POTN’s foremost cannabis operation, is focused on developing and commercializing hemp-based products. The team at Diamond CBD consists of chemists and researchers dedicated to producing fines, purest and scientifically-approved cannabidiol (CBD) products.Through Diamond CBD, POTN is one of the more active companies in the regulated cannabis industry. According to a report by Arcview Market Research, sales of regulated cannabis products will top $20 billion by 2021 in North America alone. Analysts and investment bank Cowen and Co are even more bullish, projecting that the market could be worth $50 billion by 2026.Ongoing state-by-state legalization of cannabis in the US, legalization of medical cannabis in Mexico and the expected legalization of recreational cannabis in Canada are some of the catalysts in the rapidly burgeoning cannabis market.In recent months, POTN has focused on marketing and projecting a positive image of itself as it seeks to establish itself as a trusted brand in the regulated cannabis and hemp industries. POTN’s self-promotion efforts have taken various forms, including sponsorship of combat sports events and standing with communities devastated by several storms that recently rocked the US and parts of South America.POTN is one of the few cannabis stocks that have sustained strong upward moves lasting several months. And that is not accident because we believe what has happened on the stock so far is only a precursor of what is to come.With POTN shares trading in the vicinity of $0.07, the upside potential is enormous. According to SeeThruEquity, an equity firm that initiated coverage of POTN in June, the stock is a candidate for $0.25 price. SeeThruEquity is an equity research firm that focuses on micro and small cap stocks with market capitalization in the range of $5.0 million to $1.0 billion. The market capitalization of POTN is within that range. The firm currently covers more than 210 companies in various sectors.In initiating coverage of POTN with a bullish price target of $0.25, SeeThruEquity noted the strength in POTN’s Diamond CBD subsidiary. As we are about to see, Diamond CBD’s sales momentum has continued to grow strong, leading to record monthly revenues. New product launches, effective promotion and expansion of market have worked well for POTN’s Diamond CBD and they will continue to reward the business and boost the momentum in the stock in our view.POTN announced on August 24 that for the month of July 2017, monthly sales at Diamond CBD hit to a new record high. The business generated July 2017 revenue of $1.5 million, implying an increase of more than 30% over the prior month.Highlighting the fact that Diamond CBD’s record sales are a result of effective execution rather than accident, Maria Gomez, Regional Vice President of Sales at Diamond CBD, stated that:

“We are consistently setting new sales records month after month and are excited to be able to report this type of continuing growth. We have taken our marketing efforts seriously. A commitment that is surely being revealed in the ongoing sales numbers."

Source:With record-breaking revenues at Diamond CBD, POTN is on track to exceed its 2017 revenue projections. For the first six months of 2017 (first half 2017), POTN’s revenues rose to $5.1 million and net profit increased to $369,237. The company achieved positive net cash flow of $395,009 in the quarter.Diamond CBD contributed $5.0 million of the revenue generated in the first half of 2017, with $3.2 million being generated in 2Q17 alone. This implies that Diamond CBD’s 2Q17 sales jumped a mind-blowing 1,495% year-over-year.To get its name out there and build its credibility in the regulated cannabis and hemp industries, POTN not only embraces every publicity opportunity, but has made ongoing self-promotion its second nature.The company was one of the official sponsors of the Mayweather-McGregor Event, which took place on August 26. POTN and its Diamond CBD subsidiary sponsored a couple of contenders in the event, resulting on a huge branding impact for the company and its operations.The combat sport even, featuring two of the biggest fighters on Earth, generated record pay-per-view figures.On September 19, POTN announced that it was embarking on a charitable course for a couple of days. It said that it had committed to donate 10% of all sales made through its DiamondCBD.com platform toward rebuilding of Florida communities affected by the Hurricane Irma. The donate was to come from a 3-day sales duration, during which Diamond CBD run a a storewide 50% off promotion for Hurricane Irma Relief.To enhance POTN’s brand and credibility building efforts, the company was featured in an editorial publication by multifaceted financial news company NetworkNewsWire. The editorial discusses various investment options in the growing regulated marijuana industry.ConclusionFor savvy investors, a pullback in POTN provides an opportunity to enter the stock considering the company’s bright prospects in the regulated marijuana, cannabis and hemp industries.We will be updating our subscribers as soon as we know more. For the latest updates on POTN, sign up below!For the full story, check out our complete coverage on POTN.Image courtesy of doublegsportsimages via FlickrDisclosure: We have no position in POTN and have not been compensated for this article.