POTNETWORK HLDGS I COM USD0.0001 (POST REV SPLI (OTCMKTS:POTN)
POTNETWORK HLDGS I COM USD0.0001 (POST REV SPLI (OTCMKTS:POTN)’s diversification strategy is gaining momentum. The company’s wholly owned subsidiary is fresh from generating record breaking sales in Las Vegas, the company having also entered into a partnership with legendary NFL star Lawrence Taylor. The stock was down by 2.27% in Tuesday’s trading session to end the day at $0.0789 a share.
POTNETWORK HLDGS I COM USD0.0001 (POST REV SPLI (OTCMKTS:POTN) is a leading producer of Cannabidiol oils. Through its subsidiaries, the company researches, develops and markets hemp extracts that contain a range of cannabinoids and hemp derivatives. The company also engages in the auto dealership business.
The company is on course to post yet another record breaking quarter after generating sales of $300,000 at the CHAMPS Trade Show in the Las Vegas Convention Center. The annual event continues to yield valuable publicity for the company’s products that range from CBD Hemp oils to edibles and other specialty products.
POTNETWORK HLDGS I COM USD0.0001 (POST REV SPLI (OTCMKTS:POTN), through its wholly owned subsidiary Diamond CBD, reported net sales of $1,113,032 for the month of June, exceeding first quarter revenues by over 70%. The management has moved to build up on the sales momentum by expanding manufacturing capacity in a bid to get more products to the market.
Lawrence Taylor Joint Venture
In a bid to strengthen the current product portfolio, POTNETWORK HLDGS I COM USD0.0001 (POST REV SPLI (OTCMKTS:POTN) has entered into a joint venture with Lawrence Taylor. The venture will focus on the development and launch of the ‘LR Master Pain’ premium line of CBD oils. The premium line of products will seek to provide athletes and consumers beneficial supplement for neurological support and pain relief.
The Legendary NFL star is believed to be among a number of NFL players experiencing debilitating headaches caused by the effects of chronic traumatic encephalopathy.
“Upon thorough research, I have selected Diamond CBD to brand this new line because genuine potency is key for maximum effectiveness. I look forward to how this line will help pain sufferers everywhere,” said Mr. Taylor.
Separately, POTNETWORK HLDGS I COM USD0.0001 (POST REV SPLI (OTCMKTS:POTN) has reacquired PotNetwork.com after it was sold early last year following a shift in corporate focus and management changes. The company plans to develop the platform to make it a counter culture, cutting-edge digital magazine. The magazine will publish up to date articles and news related to the cannabis industry.
I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.
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About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.