PotNetwork Holdings, Inc. (OTC Pink: POTN) is a holding company that operates a car dealership, Sunrise Auto Mall, Inc., and First Capital Venture Co., which owns Diamond CBD. Diamond CBD looks to provide high-end, premium hemp extracts and oils. Shares of the holding company are gaining 17.08%, through early trading on Wednesday, March 15, 2017. Over the past three months, PotNetwork Holdings, Inc. has seen average daily volume of 2.35 million shares. However, volume of 1.65 million shares or dollar volume of $46,000, has already exchanged hands Wednesday.
Shares of PotNetwork Holdings, Inc. are rallying Wednesday, after the company announced that it is moving its headquarters from Wyoming to Colorado. Management says that the move to Colorado will help with the growth and expansion of its Diamond CBD product line. Here is the full press release detailing of the corporate headquarters move:
PotNetwork Holdings, Inc. Press Release:
LAUDERDALE, FL / ACCESSWIRE / March 13, 2017 / PotNetwork Holding, Inc. (OTC PINK: POTN) is pleased to announce that, based upon the recent acquisition of Diamond CBD and in alignment with positive changes in strategy and corporate direction, the Company has filed the required Articles of Organization to move PotNetwork Holding and subsidiaries from its domiciled state of Wyoming to Colorado; the filing was approved and is effective immediately.
Providing a cost-effective and congruent corporate culture for the objectives of the company, the state of Colorado provides a beneficial landscape on which to build an innovative industry leader, whose core focus is the research, develop and global distribution of premium CBD/hemp extract products.
Although the Company is now a Colorado corporation, the fact remains that Management’s vision is strong and universal. Diamond CBD’s products are USA-made and produced with Cannabidiol (CBD) derived from the industrial hemp plant. According to the National Institute of Drug Abuse (NIDA), CBD oil may be effective in controlling epileptic seizures, reducing pain and inflammation, and may also be an effective treatment for mental health disorders, such as addiction and various forms of psychosis.
“This is another significant milestone in the Company’s reorganization. Having maintained a good standing with Wyoming, the original state of registration, the domicile transfer to Colorado was completed seamlessly. We are proud to now be officially recognized as a Colorado company.”
PotNetwork Holding recently announced that the Company will keep its current name and symbol designation, which suitably corresponds to the nature of the Company’s business model, as Diamond CBD continues to maintain and strengthen its position as an industry leader in the growth emerging market’s most thriving and popular sector.
About Diamond CBD:
Diamond CBD Inc. is an organization focused on the advanced research and development of the industry’s finest premium hemp extracts and making them available to the global marketplace. The Company’s notable team, consisting of hemp industry pioneers and natural product experts, chemists, and scientists, is dedicated to producing the finest and purest Cannabidiol (CBD) oil. The Company formulates advanced product quality to market through the team’s creation of diverse and top quality hemp extracts that contain a broad profile of cannabinoids and other natural hemp derived molecules, resulting in a robust selection of Industrial Hemp Derived Diamond CBD oils considered among the most powerful natural CBD E-Liquids on the market. For more information, please visit the website at www.DiamondCBD.com.
About PotNetwork Holding, Inc.:
PotNetwork Holding, Inc. (OTC Pink: POTN) is a publicly traded company with two wholly owned subsidiaries, Sunrise Auto Mall Inc. and First Capital Venture Co. and its wholly owned subsidiary Diamond CBD. First Capital Venture Co. through its wholly owned subsidiary, Diamond CBD, is a progressive organization focused on the advanced research and development of the industry’s finest premium hemp extracts and making them available to the global marketplace. The Company’s notable team, consisting of hemp industry pioneers and natural product experts, chemists, and scientists, is dedicated to producing the finest and purest CBD oil. For more information, please visit the website at www.DiamondCBD.com.
Safe Harbor Act: 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 other 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 our forward-looking statements, whether as a result of new information, future events or otherwise.