Cannabidiol-focused holding company PotNetwork Holding Inc. (OTC: POTN) this morning announced its record-breaking sales performance for March 2018. Notably, the company recorded over $2.2 million in sales revenue for the month, marking a year-over-year increase of 152 percent. These results continue to build on what has been a strong start to 2018 for PotNetwork Holding. With over $6.3 million in revenues recorded during the first quarter, the company is well positioned to exceed its 2017 performance, which included sales of $14.5 million and gross profits of nearly $5.2 million. PotNetwork Holding’s strong start to 2018 has been solidified by the ventures of its Diamond CBD, Inc. subsidiary. In addition to its recent launch of an African business development project aimed at contributing material support and resources toward community action projects taking place across Kenya, Diamond CBD has continued to attract new customer in verticals such as pet care products, allowing the brand to differentiate itself in the market.
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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.
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