PotNetwork Holdings, Inc. (OTC Pink: POTN) is a holding company that operates in the premium CBD oil and business financing businesses. During afternoon trading on Monday, June 5, 2017, shares of the company were climbing 20.48%. Over the past month, PotNetwork Holdings, Inc. has seen average daily volume of 4.39 million shares. However, volume of 9.04 million shares or dollar volume of $525,224, has already exchanged hands on Monday.
Shares of PotNetwork Holdings, Inc. are rallying on Monday, after SeeThruEquity, an independent micro and small-cap equity research firm, announced it has initiated coverage on the company and placed a target price of $0.25. The coverage stems from PotNetwork Holdings, Inc.’s successful presentation at the recent 6th Annual SeeThruEquity Micro-Cap Investor Conference. Here is the press release detailing of the new coverage:
PotNetwork Holdings, Inc. Press Release:
LAUDERDALE, FL / ACCESSWIRE / June 2, 2017 /PotNetwork Holdings, Inc. (OTC PINK: POTN) is pleased to announce today that following the presentation at the 6th Annual SeeThruEquity’s Micro Cap Investor Conference, PotNetwork and Diamond CBD have been the highlight of a recent comprehensive research report projecting a price target of $0.25.
The detailed summary outlined industry statistics and recent corporate milestones. The research report specified: “The hemp industry is projected to grow to $1.8 billion by 2020, with $450 million comprising from hemp derived CBD products. This would represent a 300% increase, from the estimated hemp derived CBD market size of $115 million at the end of the FY2016.”
In respect to the Company’s position in the industry it was stated: “We see POTN as a speculative play on the burgeoning legal cannabis and hemp market targeting the fastest growing sub segment (hemp derived CBD). The company has made considerable progress over the last few years, with revenues growing 178% YOY in 1Q17. Going forward in FY17, we expect POTN to increase revenues approximately 712% to $8.3 million through new product launches, aggressive marketing initiatives and entry into new markets (specifically China).”
To view the report in its entirety, go to: https://goo.gl/NNDeIl.
PotNetwork Holding recently announced that Diamond CBD 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 PotNetwork Holding have been published and can be viewed at OTCMarkets.com.
About SeeThruEquity: SeeThruEquity is a unique equity research firm which focuses on micro and small cap stocks trading in the range of $5mm to $1bn. The firm currently covers over 210 companies across a variety of sectors, from tech and healthcare, to consumer, energy, basic materials, and special situations. Not being an investment banking and securities firm, SeeThruEquity does not make markets or raise capital for companies, nor are they a typical issuer-sponsored research firm providing paid-for research.
Due to the exclusive nature of its unique business model, SeeThruEquity’s research products have been vetted for use into Wall Street consensus estimates. SeeThruEquity’s research and estimates are provided and accepted into reports from Thomson FirstCall, FactSet and CapitalIQ, which collectively represent an ecosystem of 100,000 of the world’s leading institutional investors.
SeeThruEquity has developed one of the industry’s best opt-in investor email distribution lists. Acquired through conference attendees and downloaded research reports, the database is a real, top quality list of over 17,000 qualified investors including hedge fund management, family offices and sophisticated high net worth investors. SeeThrouEquity’s conferences are among the best in the industry, having hosted 23 conferences thus far, about once per calendar quarter, since 2012. Please visit the Conference page to learn more.
About Diamond CBD, Inc.: DiamondCBD 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 CBDoils and E-Liquids found anywhere. For more information, please visit its website at www.DiamondCBD.com.
About PotNetwork Holdings, Inc: PotNetwork Holdings, 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.
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