PotNetwork Holding (OTC: POTN) this morning announced the release of audited consolidated financial statements reporting sales of $14.5 million for 2017, with gross profits of $5,180,865. Additionally, the statements showed a positive net income of $178,918 despite large reinvestments PotNetwork made during the year toward its future growth. The company also reported that it has generated $4 million in sales in just the first 60 days of 2018, representing an increase of over 300% compared to the same time period in 2017. PotNetwork attributes the company’s growth in 2018 primarily to its wholly owned subsidiary, Diamond CBD Inc.
To view the full report, visit http://nnw.fm/Xgnh4
To view the full press release, visit http://nnw.fm/8jeUV
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. For more information, visit the company’s website at www.PotNetworkHolding.com
Pursuant to the applicable federal law, the sale or distribution of CBD with less than 0.03% of tetrahydrocannabinol by retailers may be permissible in all states. However, the local, state and federal laws regarding these issues tend to remain in flux and should be accordingly reviewed by local counsel and, as such, legal advice is not intended, but specifically disclaimed.
More from NetworkNewsBreaks
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
For more information, please visit https://www.NetworkNewsWire.com
New York, New York