- In July 2017, POTN had a 30% jump in sales to nearly $1.5 million versus June 2017
- Research report estimates $8.4 million in revenues in FY2017 and notes POTN plans for international expansion, with initial focus on China
- Aggressive marketing strategy and branding means more POTN sales and retail placement from increased exposure at trade and sporting events
PotNetwork Holding, Inc. (OTC: POTN) revenues are projected to reach greater than $30 million by FY2019, $16.7 million in FY2018 and $8.4 million this fiscal year, according to SeeThruEquity, LLC (http://cnw.fm/QSUd2).
POTN is a holding company for subsidiary First Capital Venture Co., which owns Diamond CBD, Inc. Diamond CBD focuses on research & development and multi-national marketing of premium hemp extracts that contain a wide range of cannabinoids based on premium hemp-based extracts and other cannabinoids and hemp-based derivatives. It is in the smoke/vape shop industry and is an exhibitor of trade shows in that sector. It markets hemp-based cannabinoid extracts, edibles, vapes, creams and other products.
Sales for July 2017 reached $1,459,137, a 30% jump from the prior month. The company announced sales of $5,077,625 for the first six months of FY2017 with a net profit of $369,237. SeeThruEquity has set a price target of $0.25 for POTN stock and, in its report, projected that the company will attain net income of $2.7 million in FY2019.
The report noted that POTN achieved a gain of 178% in year-over-year revenues in the first quarter of 2017. It projects sales of $8.4 million in FY2017. It also acknowledged the company’s aggressive approach to marketing and planned entry into new markets, such as China.
POTN is making its presence felt at high profile industry trade shows. The company has announced sales of some $820,000 at three such shows in just the past two month, including the BIG Industry Trade Show, CHAMPS and Market Week Event. The company has also sought to raise its exposure sponsoring two contenders at the high profile Floyd Mayweather vs. Conor McGregor fight in Las Vegas. SeeThruEquity sees POTN’s publicity efforts as gaining sales traction, brand recognition and retail placement.
It is also eyeing international expansion. The report said that POTN is anticipating entering China with a partner. Additionally, the company is looking at CBD markets in Peru, Bolivia, Ecuador and Chile, the report said.
It is estimated that by 2020, the hemp-based CBD product market will reach $1.8 billion, according to Hemp Business Journal (http://cnw.fm/7gfJM). POTN’s line includes Gummy Bears, Sour Bears, Gummy Rings, Rainbow Bites and Choco Peanut Butter, among others.
For more information, visit the company’s website at www.PotNetworkHolding.com
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