Potnetwork Holdings, Inc. (OTC Pink: POTN) is engaged as a premium CBD producer and auto dealership operator. Shares of the multi-sector business are climbing 35.77% on Tuesday, May 23, 2017. Over the past month, Potnetwork Holdings, Inc. has seen average daily volume of 2.87 million shares. However, volume of 7.87 million shares or dollar volume of $386,810, has already exchanged hands on Tuesday.
Shares of Potnetwork Holdings, Inc. are jumping today, after the company announced that its subsidiary, Diamond CBD, continues to see unstoppable sales growth. After posting record first quarter revenues, Diamond CBD, announced it has generated $235,000 after being featured at the CHAMPS Trade Show in Atlantic City. Here is the full press release detailing of the sales growth from the trade show:
Potnetwork Holdings, Inc. Press Release:
Potnetwork Holdings, Inc. (OTC Pink: POTN) is pleased to announce today that its wholly owned subsidiary, Diamond CBD, after achieving a record breaking first quarter revenues, has achieved sales results in excess of $235,000 for the Company’s premium Cannabidiol (CBD) hemp oil and other products that it featured 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.
Overall, the Company continues to experience a powerful upward trend in sales, as the team wraps up after a very successful 3-day exhibition. “We are ecstatic with our results. We have learned to set our expectations high. As a result of the timing of CBD’s growing popularity and the quality of our products, our products are consistently met with reseller and consumer enthusiasm resulting in continuous escalating sales,” stated Maria Gomez, Regional Vice President of Sales for Diamond CBD, Inc.
Diamond CBD recently had disclosed that for the month of April 2017 the Company had accomplished a massive boost in revenues year over year. The Company’s revenues in April 2016 were just under $40,000, a reflection of the Company’s infancy. With record breaking April 2017 sales of over $1 Million Dollars, the Company has achieved exponential growth of over 25 times.
Having recently surpassed the milestone of distributing 1 million Chill Gummy edibles, and having its CBD products distributed in approximately 10,000 retail locations nationwide, the Company continues to report ongoing heavy order flow. Moreover, as a result of the Company’s strategic publicity efforts and high profile presence at major trade shows and conventions, the Company anticipates continued strong growth in clientele, brand recognition and preference for its products.
PotNetwork Holding recently announced that Diamond CBD, Inc. had reported first quarter 2017 revenue of $1,858,347.48 which exceeded total revenue of $1,663,081.78 for all of calendar year 2016. Consolidated financial statements for the Company have been published and can be viewed at OTCMarkets.com.
About the CHAMPS Trade Shows: Drawing exhibitors, entrepreneurs, and enthusiasts from across the country, this massive event is designed to enable vendors to unveil and market the industry’s newest cutting-edge products to distributors, wholesalers and retailers. The CHAMPS Trade Shows have been a staple in the counterculture industry for eighteen years, continually experiencing growth as the market continues to evolve. Since 1999, CHAMPS has hosted premier exhibitors in the industry and draws industry leaders, retailers and consumers in the thousands from all over the globe.
About Diamond CBD 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. For more information, please visit its website at www.DiamondCBD.com.
About PotNetwork Holding Inc: PotNetwork Holding Inc. (OTC Pink: POTN) is a publicly traded company that 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.
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