FT. LAUDERDALE, FL / ACCESSWIRE / June 2, 2017 / PotNetwork Holding, Inc. (OTC PINK: POTN) is pleased to announce today that following the presentation at the 6th Annual SeeThruEquity's Micro Cap Investor Conference, PotNetwork and Diamond CBD have been the highlight of a recent comprehensive research report projecting a price target of $0.25.
The detailed summary outlined industry statistics and recent corporate milestones. The research report specified: "The hemp industry is projected to grow to $1.8 billion by 2020, with $450 million comprising from hemp derived CBD products. This would represent a 300% increase, from the estimated hemp derived CBD market size of $115 million at the end of the FY2016."
In respect to the Company's position in the industry it was stated: "We see POTN as a speculative play on the burgeoning legal cannabis and hemp market targeting the fastest growing sub segment (hemp derived CBD). The company has made considerable progress over the last few years, with revenues growing 178% YOY in 1Q17. Going forward in FY17, we expect POTN to increase revenues approximately 712% to $8.3 million through new product launches, aggressive marketing initiatives and entry into new markets (specifically China)."
To view the report in its entirety, go to: https://goo.gl/NNDeIl.
PotNetwork Holding recently announced that Diamond CBD had reported first quarter 2017 revenue of $1,858,347.48 which exceeded total revenue of $1,663,081.78 for all of calendar year 2016. Consolidated financial statements for PotNetwork Holding have been published and can be viewed at OTCMarkets.com.
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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, 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 and E-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
SOURCE: PotNetwork Holding, Inc.