PotNetwork Holding Inc (OTCMKTS:POTN) shares were up 30.20% on Tuesday to $0.0322 and flat in after-hours trading. Share prices have been trading in a 52-week range of $0.00 to $0.07. The company has a market cap of $1.76 million at 70.47 million shares outstanding.
In a press release, PotNetwork Holding Inc announced that Diamond CBD continues to experience a powerful upward trend in sales, as the team prepares to showcase the Diamond CBD product line at the Champs Trade Show in Atlantic City this week.
“We cannot understate the diligence of our team in their tireless effort to bring our trendy and delightful products into the limelight, such effort would fundamentally boost the popularity of any product line. However, the level of product acceptance by which our efforts have been met brings continuing gratification, keeping the team pumped knowing that nothing can stop an idea whose time has come,” said Maria Gomez, Regional Vice President of Sales for Diamond CBD.
In particular, PotNetwork Holding Inc shared that Diamond CBD accomplished a substantial, exponential boost in revenues year over year for the month of April after seeing first quarter sales results of $1,858,347.48 which exceeded the total sales volume of $1,663,081.78 for the previous year. Sales in April 2016 were just short of $40,000.00 and it grew more than 25 times this year.
To top it off, Diamond CBD as reported ongoing record breaking order flow, resulting in the achievement of numerous highly anticipated milestones. One of these is CBD product distribution in approximately 10,000 retail locations nationwide.
PotNetwork Holding Inc is a publicly traded company that acts as a holding company for its subsidiaries, First Capital Venture Co., the owner of 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.
Its 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.