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PotNetwork Holdings, Inc., With Sales of Over $10 Million Year-To-Date, Moves Toward Uplisting and Expansion
FT. LAUDERDALE, Fla., July 17, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE--PotNetwork Holdings, Inc. (OTC Pink:POTN) on July 13th, the Company announced that it had filed a Form 10 registration statement with the Securities and Exchange Commission (“SEC”) in order to become a fully reporting SEC company. The filing represents its first action toward uplisting to the OTCQB. The Company is also awaiting FINRA approval on its announced name change to “BioTech Hemp, Inc.”, and related trading symbol change.
Both the name and symbol change and the upgrade in the Company’s reporting status, will not require any of its shareholders to take any action, as the changes will be automatically implemented by the market’s trading systems; no exchange of certificates or other action will be required.
The Company’s subsidiary, Diamond CBD, Inc., continues to strengthen its position in the hemp-derived CBD Industry. “Between recent quality product additions and our reach into other markets we have been able to achieve over $10 million in Diamond CBD product sales just during the first five months of 2018, nearly doubling what we had generated in the 1st half of last year,” stated Richard Goulding, Chief Executive Officer, PotNetwork Holdings, Inc. He added, “We have an aggressive growth plan for the remainder of this year, and we believe becoming a fully reporting company and eventually uplisting will heighten our visibility as we continue to expand our operations, markets, product lines and brands. 2018 is a pivot point for us.”
About Diamond CBD Inc.: Diamond CBD focuses on the research, development, and multinational 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. 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.
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 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 forward-looking statements, whether as a result of new information, future events or otherwise.
Contact: PotNetwork Holdings, Inc. Investor Relations: Marisol Elwell