POTN CONTINUES TO DEMONSTRATE STRONG REVENUES AND PROFITS
PotNetwork Holdings, Inc.
PotNetwork Holdings, Inc. Posts Record First Quarter Revenues of $6.3 Million; DEBT REDUCTION OF $1.2 MILLION. Strong and Steady Momentum Bolsters Sales Performance 283% Over First Quarter of 2017
PotNetwork Holdings, Inc. announced record breaking Q1 revenues totaling $6.3 Million. Compared with $1,858,347 in revenues for Q1 2017, this year’s performance represents an almost three times increase over the same period last year.
The Company’s growth is being driven by the results of its wholly-owned subsidiary, Diamond CBD, Inc. Diamond CBD distributes premium quality products, and has established a successful, continually broadening distribution footprint. Diamond CBD’s products are distributed through 10,000 retail locations, and in Q1 of 2018, 25% of PotNetwork Holdings, Inc.’s overall sales revenue came from Diamond CBD’s ecommerce sales performance.
Diamond CBD’s Focus:
Diamond CBD is focused on researching and developing new innovative health and wellness solutions which are being broadly marketed into new Industry segments, establishing a spectrum of diverse new users. Diamond CBD, Inc.’s products are legal in all 50 U.S. states and continue to gain high profile endorsements from those in the medical community, Hollywood and professional sports leagues.
MOST RECENT NEWS FROM POTN:
- PotNetwork Holdings, Inc. Sees Revenue Increase Thanks to the Strength of Diamond CBD, Inc.
(May 10, 2018)
- PotNetwork Holdings, Inc. Releases 2018 Investor Relations FAQ
(May 9, 2018)
- CBD and Cannabis Markets Surging on Heels of Latest Push for Hemp Legalization in U.S.
(May 8, 2018)
- PotNetwork Holdings, Inc. Announces Partial Debt Retirement of $1.2 Million
(May 8, 2018)
Company Name: PublicWire
Contact Person: Dave Donlin
Email: Send Email
Address:5850 TG Lee Blvd, Suite 300
Country: United States