POTNETWORK HLDGS I (OTCMKTS:POTN) has had an incredible 2017, the firm has successfully turned around negative results in 2016 and delivered above-expected figures in the current year. In this piece, we give you the gist on POTN and some of the firm’s more recent announcements for shareholders and potential investors
Take a look at its price movement:
PotNetwork Holding, Inc. 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.
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, doctors 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, tinctures, edibles, and vape liquids found anywhere.
In November 2017, POTN announced that it was entering into a distribution partnership with Total Vapor, Inc., a subsidiary of Vapor Group, Inc. to distribute Vapor’s revolutionary, electronic herbal grinder, Easy Grinder™, designed to meet the needs of the Medical Marijuana marketplace. Total Vapor Inc agreed to sell Easy Grinder™ directly to consumers via the website of its subsidiary, Diamond CBD, Inc., as well as distribute it via its extensive reseller network.
Maria Gomez, Regional Vice President of Sales for Diamond CBD, Inc. stated that the firm is constantly on the lookout for new, superior, cutting-edge products to add to its consumer offerings and distribution to resellers. She added that POTN has added Easy Grinder™ to its product line as a way to continue to expand its offerings into new areas to better serve the wants and needs of their many customers.
Dr. Richard Goulding, CEO of POTN, explained further that in the medical field where consistency is imperative. Easy Grinder™ offers the consumer reproducible volume control of the product. Hemp-derived CBD oil contains no THC as there are certain disease entities that require the THC component to be effective. Notably, PTSD, post-traumatic stress disorder, is well controlled in many instances with marijuana. The THC interferes with the triggering mechanism of an event, disrupting the associative pathway generating PTSD symptoms. This is why active marijuana is needed and why more and more states are embracing the pure marijuana product for medicinal purposes.
Earlier in October, the firm reported that its wholly owned subsidiary, Diamond CBD, Inc., has enhanced its product line with a delicious selection of premium honey products. Among these new products, the company will have delicious honey packed straws infused with 10mg of pure natural organic CBD.
With the potentially beneficial attributes of both cannabis and honey known for centuries, Diamond CBD’s highly anticipated Infused Honey Sticks may offer a whole new tasty way to enhance wellness and boost the immune system. Comprised of 100% full spectrum CBD and all natural honey, these delicious straws are expected to be a welcomed item providing enthusiasts with a practical and beneficial delivery method of nature’s gifts as revealed in studies in the Asian Pacific Journal of Tropical Biomedicine and available upon the inevitable opening of flu season.
Although THC remains a scheduled substance under current U.S. law, the paradigm is shifting and attitudes are changing towards cannabis as a result of recent research into the endocannabinoid system and the physical role it plays. Containing receptors that naturally respond to cannabinoids, the human body has, in numerous studies, shown to interact favorably, often enhancing the body’s natural ability to fight disease and reduce symptoms.
One of the major ingredients of cannabis, and the source of CBD rich hemp oil, cannabidiol has been formally recognized by the U.S. Patent Office as an “antioxidant and neuroprotectant.” Filed in 1999, and published in 2003, U.S. Patent 6630507 has recognized cannabidiol as an effective antioxidant. Antioxidants are generally used in the treatment of oxidative diseases and are known for anti-aging effects. Treatment-resistant ailments such as Alzheimer’s disease, Parkinson’s disease, and HIV dementia are mentioned in the abstract as potentially treatable with antioxidant CBD. Inflammatory and autoimmune diseases are also noted.
For the month of August 2017, Diamond CBD achieved record-breaking revenues of $1.7 million, which exceeded July revenues by 20.9%. Second quarter and year-to-date operating results confirmed PotNetwork Holding’s revenues maintained strong growth with performance continuing to exceed 2017 projections. With reported revenues of $5 million for the first 6 months of fiscal 2017 and a net profit of $0.3 million, the company concluded the first half of 2017 with a positive net cash flow of $0.395 million. Based on earlier reported financial statements, the company continues on track to exceed its projections established for 2017. In July 2017, it achieved record-breaking revenues of $1.46 million, which exceeded its June 2017 results by more than 30%.
POTN has consistently surpassed sales expectations in 2017 and its new partnerships show that the firm has no intention of slowing down.
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Disclosure: We have no position in POTN and have not been compensated for this article.