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PotNetwork Holding Inc. Subsidiary Diamond CBD Already Surpasses Annual Expectation in third quarter!


Posted on: 02 Nov 17

FT. LAUDERDALE, Fla., Nov. 02, 2017 (GLOBE NEWSWIRE) -- PotNetwork Holding, Inc. (OTC Pink:POTN) announces its wholly owned subsidiary, Diamond CBD, Inc., reports 3rd Quarter revenues approaching 4.5 Million Dollars. For the first 9-months of fiscal 2017, the company took in 9,522,425.00, exceeding expectations ($8,300,000.00) by 14.7% with 3 fiscal months in 2017 still to go.   

To position the company for  the next level, PotNetwork has retained East West Accounting Services, LLC, a Public Company Accounting Oversight Board (PCAOB) registered CPA firm, to provide a methodical review and analysis for the audited verification of the Company’s recent monthly reported revenues.

With reported revenues of $5,077,625 for the first 6 months of fiscal 2017, and a net profit of $369,237, the Company concluded the first half of 2017 with a positive net cash flow of $395,009. Based on earlier reported financial statements with OTCMarkets, the Company continues on track to exceed its projections established for 2017.

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, 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 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.

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 Holding Inc. Investor Relations:
Marisol Elwell, 1-800-915-3060
investor@PotNetworkHolding.com

GlobeNewswire
globenewswire.com

Last updated on: 02/11/2017

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