PotNetwork Holding Inc (OTCMKTS:POTN) shares were up 3.45% to $0.0600 and unchanged in after-hours trading. Share prices have been trading in a 52-week range of $0.00 to $0.10. The company has a market cap of $4.09 million at 70.47 million shares outstanding.
In a press release, PotNetwork Holding Inc shared that its wholly owned subsidiary, Diamond CBD Inc, has enhanced its product line with a delicious selection of premium honey products. This includes delicious honey packed straws infused with 10mg of pure natural organic CBD.
These highly anticipated Honey Sticks may offer a whole new tasty way to enhance wellness and boost the immune system as it is comprised of 100% full spectrum CBD and all natural honey.
Research has shown that cannabidiol is an effective antioxidant, which is generally useful in the treatment of oxidative diseases and are known for anti-aging effects. This can involve the treatment of ilments such as Alzheimer’s disease, Parkinson’s disease, and HIV dementia, as well as inflammatory and autoimmune diseases.
Meanwhile, PotNetwork Holding Inc has delivered yet another impressive month of financial and industry growth. With revenues of $5,077,625.00 for the first 6 months of fiscal 2017, and net profit of $369,237.00, the company concluded the first half of 2017 with a positive net cash flow of $395,009.00. Diamond CBD, in particular, reported record breaking revenues of $1,764,880.00, which exceeded July revenues by 20.9%.
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., the maker of Diamond CBD oils.
Diamond CBD Inc is a company that 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, doctors and scientists, dedicated to producing the finest and purest CBD oils.