When we last reviewed POTNETWORK HLDGS I COM USD0.0001(POST REV SPLI (OTCMKTS:POTN) on April 3, 2017, the Company’s stock was in the midst of retracing a strong upward move that topped out at a high of $.0698 on March 29, 2017. The retracement continued on to a low of $.0171 on May 8th, where it turned upward and has been steadily moving up with strong volume ever since. The stock is currently trading at $.04.
A noteworthy pattern that the stock is exhibiting is that with each downward swing, the low of the swing is higher than the low of the swing that preceded it. These lows are forming an upward trend line. The current upward price movement for POTN coincides with some positive business activities that the Company has recently reported. Most notably, the Company recently announced that its subsidiary, Diamond CBD, Inc. reported record breaking first quarter 2017 revenue of $1,858,347.48, which exceeded total revenue of $1,663,081.78 for all of calendar year 2016.Before we get into more detail, a little background for those of you that are not familiar with the Company, PotNetwork Holdings, Inc acts as a holding company for its subsidiaries, First Capital Venture Co., the owner of Diamond CBD, Inc., the maker of Diamond CBD oils, and Sunrise Auto Mall 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. The Company also owns Sunrise Auto Mall, Inc., which launched in June 2014, and enables people with bad or no credit to secure quality transportation while simultaneously rebuilding their credit. The company has developed a highly profitable business model around the continually rising subprime lending industry. PotNetwork Holdings Inc. is committed to growth by the expansion of its subsidiaries and the strategic acquisition of additional businesses.The Company recently participated as an exhibitor at the CHAMPS Trade Show in Atlantic City from May 16th-18th. The CHAMPS Trade Show is widely recognized as the largest and most trusted counter-culture trade show in the world. The Company featured the Diamond CBD premium Cannabidiol (CBD) hemp oil, hemp edibles, and other products at the show. Sales over the 3-day period exceeded $235,00. The Company’s strategic publicity efforts and high profile presence at major trade shows and conventions, continues the show strong growth in clientele, brand recognition and preference for its products.On April 5, 2017, PotNetwork Holdings, Inc announce that the Company’s subsidiary, Diamond CBD, entered into an agreement to deliver and distribute its premium cannabidiol (CBD) product line into the thriving China industry, one of the largest consumer markets in the world. Vice President of Marketing Emily Smith stated the following:
“CBD supplements are so new in the market that forecasts still vary considerably, a perfectly ideal point in time to be bringing our top-quality product line into the market. We are prepared to be a pioneer and choice CBD oil provider that can empower the health conscious Chinese population with top quality premium supplements."
PotNetwork has partnered with a U.S.-based company that provides international business and consulting services, and sources and distributes industrial commodities in China and the Americas. China has a consumer base of nearly 1.5 billion people, many of which embrace homeopathic and natural remedies. The newly emerging CBD market in China represent outstanding potential.Current market capitalization for PotNetwork Holdings, Inc is currently $3.78 million, on 94.33 million shares outstanding as of May 26, 2017. The Company is effectively executing its strategy, and is on a growth path. It is also pursuing opportunities in foreign cannabis markets, which serves to diversify its risk of being dependent on the “political winds” associated with a specific market, i.e. the U.S. market now under the Trump administration that’s giving mixed signals on the status of marijuana legalization. At $.04 per, POTN may be considered a bargain by savvy investors. We will be updating our subscribers as soon as we know more. For the latest updates on POTN, sign up below!Disclosure: We have no position in POTN and have not been compensated for this article.







