Over the month of March, PotNetwork Holdings Inc (OTCMKTS:POTN) experienced a sharp increase in its stock price resulting from a very aggressive marketing campaign to gain industry wide exposure for their brand name and products. The cannabis industry is in its early growth stages and there are multitudes of new businesses scrambling to establish brand name recognition among first time consumers of legal cannabis products. This is a crucial period in the cannabis industry’s evolution in which the businesses that produce the best products the most innovative, successful at marketing their products to the most consumers, and are going to set themselves apart. PotNetwork Holdings Inc. continues to make enormous strides to establish itself as a major brand in the industry.For those of you that are not familiar with the company, PotNetwork Holdings Inc., through its wholly owned subsidiary Diamond CBD Inc. focuses on 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.PotNetwork Holding, Inc. announced on March 28, 2017 that it is projected to generate over $1,700,000.00 in gross revenues during the first quarter of 2017 alone.
Maria Gomez, Regional Vice President of Sales, Diamond CBD, stated: “As the marijuana sector continues to expand, so has our corporate vision and drive for brand distinction and differentiation. For Diamond CBD, sales have accelerated from $1,663,081.78 for the 4 quarters of 2016 to a pace that will probably exceed $1,700,000.00 for the 1st quarter of 2017, meaning that we’ve established significant momentum for the remainder of this year. Even if sales only remain consistent, it would represent a revenue increase in the range of almost 400% percent, year-over-year.”
As part of the Company’s aggressive branding and marketing strategy, Diamond CBD exhibited at ASD Market Week, in Las Vegas, an international event known to showcase the world’s widest variety of popular retail merchandise in a one-stop shopping experience. The event hosts as many as 45,000 buyers from 88 countries annually. Ninety-eight percent of these attendees have major purchasing power with the average buyer spending $82,500.00 per show, equating to $2.8 billion annually.On March 30, 2017, PotNetwork Holding, Inc. announced that Diamond CBD engaged several new distributors, achieving its highly anticipated goal of establishing a merchandising network of 7,000 authorized retail vendors. This puts Diamond CBD “over the top” with its products now accessible at approximately 10,000 stores in the United States. The company has also made extraordinary efforts to bring the Company and its premium CBD products into the public eye through its attendance at notable and popular industry trade shows and conventions.
Maria Gomez, Regional Vice President of Sales commented: “These conventions are an intricate part of the Company’s approach to building a strong and diversified network of retailers and clients. We’re pleased with the tremendous success at these events. We’re confident, based on what we have found thus far, that the numerous relationships established, in addition to what we have planned moving forward, will enable us to solidify a strong, industry leading position in the CBD marketplace.”
Since the beginning of 2017, the Company has been showcasing its CBD oil and specialty products in some of the busiest industry events garnering more than 500 new accounts. January’s Surf Expo in Orlando, Florida resulted in establishing new business opportunities and the Las Vegas CHAMPS Show reaching more than a quarter million dollars of purchase orders.
POTN stock has been on a upward trend since January 17, 2017. It’s currently in the midst of a strong upward spike that started on March 8, 2017 which has reached a high of $.0698 just four days ago on March 29, 2017. The stock is now retracing and now trading at $.0510. Current market capitalization stands at $4.81 million, on 94.33 million shares outstanding as of April 1, 2017. The increased revenue that PotNetwork expects to realize in the first quarter of 2017 and beyond will go a long way to increase its appeal to 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.
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